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OpenGov sat in on a presentation by Mr. Sopnendu Mohanty, Chief Fintech Officer, Monetary Authority of Singapore (MAS), which was given at EmTech Asia this week.
He discussed how our current methods of mobile banking, such as SMS authentication, will soon be seen as archaic and insecure. Given how technology is changing at a rapid pace and how the cyber threat landscape is growing each day, the future of money will be centered on a smarter and safer financial sector.
“Tech infrastructure is key to a smart financial centre. We strongly believe that the bank systems will be changed dramatically over the next few years,” said Mr. Mohanty.
This past July, MAS set a Smart Financial Centre strategy in motion to push fintech to the forefront. This focuses on two approaches, one of which will allow innovation support and the other will help the fintech ecosystem grow.
In 2016, the Monetary Authority of Singapore will be introducing a lot of big initiatives dealing with the Fintech space.
Mr. Mohanty was excited to announce that MAS would be one of the first regulatory agencies in the world to put a process in place to change the fintech space. Here, they would host new technology to be produced in an experimental stage, within their sandbox infrastructure.
Singapore hosts a great ecosystem for fintech development. This is due to six factors which drive MAS to invest more in fintech, including that:
- It is a One-Stop Shop for advanced industry technology,
- There is a Collaborative Mentality which really influences the way people work with each other,
- It is an inherently Experiential Environment,
- There is a Vibrant Innovation Ecosystem,
- The Strong Talent Pool of Researchers, Innovators, and Experts,
- And it is quickly becoming a hub for Exciting Events Line-Up.
To frame his talk, Mr. Mohanty explained the 9 key technologies that MAS is actively looking at. These include Digital and Mobile Payments, Authentication and Biometrics, Blockchains and Distributed Ledgers, Cloud Computing, Big Data, Learning Machines, Cyber Security, Advanced Sensors, and Flexible Platform (API).

Digital and mobile payments revolutionized banking by allowing financial transactions to be processed on the go. Around 70- 80 percent of Fintech deals within this space, Mr. Mohanty relayed to the audience.
The financial sector was one of the first to capitalise on mobile payment technology to improve their reach and service delivery.
With respect to biometrics, the reason why it must be centered on facial recognition is due to the amount of measurable traits they can look at, plus the accessibility of this technology.
“We believe that by 2020, 75 percent of transactions will be conducted through biometrics,” announced Mr. Mohanty.
It has been suggested that mobile banking service providers to build on the four biometric capabilities (face, voice iris, and fingerprint) for their platforms. This is what banks should work to integrate into their mobile platforms, enabling safe and secure two-factor authentication.
On the topic of cloud, it can seem like an insecure and unlikely space for the financial sector to embrace. During his presentation, Mr. Mohanty took the liberty to address this opinion.
“Let’s make this clear, MAS supports cloud infrastructure,” stated Mr. Mohanty, “There is a myth going around that we do not support cloud. The infrastructure has to be more efficient and services must be on the cloud so they are easier to distribute.”
If we completely transform the way we do banking and think about banking, this will disrupt the financial sector. Yet, as we move into a more digital society, we run more risk of cyber-attacks.
Banks are investing more in Cyber Security and it is predicted that the market is going to grow by $170 billion by 2020.
Future of Fintech
Fintech allows money to be pushed to the background, with less interference in our daily lives.
Our e-z link pass (payment card for Singapore public transit) will soon become a thing of the past. We will not have to worry about security of mobile payment mechanisms and will simply use wearables or alternative methods to pay for our commute.
“We are moving towards a cashless society,” said Mr. Mohanty, describing a world where we don’t have to struggle finding an ATM or bother opening our wallet to pay the dinner bill.
As part of the Smart Nation vision, Singapore must continue to integrate new ICT and push the envelope in all sectors. The financial sector would obtain far more rewards than risks, by taking on new security and data analytics solutions presented by our digital era.
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In an exclusive interview with OpenGov Asia, John Mackenney, Practise Director of Digital Strategy for APAC, Adobe shares insights from his deep experience into the changing landscape of public sector services and citizens’ satisfaction.
An expert in government initiatives and digital transformation, John delved into the shifts observed since the COVID-19 pandemic and explored the evolving government frameworks in Southeast Asia. He highlighted the recalibration of priorities and the emphasis on efficiency in the public sector, underscoring the need for a deeper understanding of the economic impact of digitalisation.
Reflecting on the impact of COVID-19 on government initiatives, John believes that the pandemic served as a major catalyst for change, driving rapid digital transformation across various sectors. He acknowledged the significance of the pandemic in shaping government agendas but also noted a notable shift in focus. There was a change in priorities, with a growing emphasis on achieving efficiency within the public sector.
John draws attention to the initial surge of government investments and rapid deployments witnessed during the peak of the pandemic. However, as the immediate crisis began to subside, governments globally began to reassess their strategies and budgets. This shift led to a recalibration of projects and a re-evaluation of the value proposition of digital initiatives in the public sector.
In reviewing the journey thus far, there is a clear inward focus that has emerged in the post-COVID era. Governments are now actively seeking ways to optimise operations within the public sector. While the return to physical offices may not be universal, flexible working arrangements have gained prominence. This flexibility aligns with the broader objective of improving efficiency within government bodies.
The observable trend of transformation programmes in the public sector is the slowing down from their initial pace. This deceleration can be attributed to various factors, including budget constraints and the need for a more comprehensive understanding of the value that digitalisation can bring.
One of the critical points is the evolving value proposition of digital government frameworks. While the initial messaging focused on time savings for citizens and efficient processes, there is a growing need to delve deeper into the economic impact of these initiatives.
“The absence of a comprehensive understanding of the economic drivers and benefits of digitisation can hinder investment and hinder potential progress,” John says.
To illustrate this, he uses the example of inclusion and reaching marginalised populations. While governments acknowledge the importance of inclusion, they may not fully comprehend the significance of quantifying the economic cost of exclusion. By calculating the economic implications of not including certain segments of society, governments can better comprehend the potential gains from digitalisation efforts.
“The move towards digitalisation in government services is not just about convenience; it’s about recognising and mitigating the hidden economic costs of inefficiency,” John reiterates.
He contrasted the situations in Australia and New Zealand, where lifestyle changes had motivated shifts in government approaches, with those in Southeast Asia where a return to pre-pandemic norms has prompted renewed waiting lines and bottlenecks.
He stresses the importance of data in driving change and underscores the necessity of accurate numbers to justify the allocation of resources towards digital initiatives, “In addition to the essential elements of government digitalisation, there’s a crucial aspect that cannot be overlooked – measurability.”
Without a comprehensive understanding of the benefits of digitalisation, governments risk reverting to older, less efficient models of operation. By measuring and quantifying the economic gains and losses associated with digital initiatives, governments can make informed decisions and continue progressing toward efficient and inclusive public services.
When considering the significant economic consequences of ineffective public services for citizens and the overall economy, it becomes evident that the seemingly minor tasks of waiting on hold and queuing up for government services have concealed costs that go beyond mere inconvenience.
Experts often underestimate the impact of traditional service channels like call centres and in-person visits on citizens’ time and productivity. John reinforces this viewpoint by presenting a scenario where a seemingly quick task could spiral into hours wasted. Waiting on hold, followed by explaining the issue to a community service agent and potentially dealing with more tasks afterwards, compounds the inefficiency.
In such instances, it’s crucial to assess the real economic toll of ineffective service delivery. While the immediate time spent waiting and completing tasks is significant, John highlights that the broader consequences are even more significant.
For example, someone who must physically visit a government office not only invests time in the task itself but also bears indirect expenses tied to commuting, waiting in lines, and potentially taking time off from work.
The economic impact extends beyond individual encounters, particularly in areas with traffic congestion or remote locations. In such cases, the effects are magnified, with some individuals experiencing a two or threefold increase in time-related costs. Consequently, this leads to delayed access to crucial services, impeding economic efficiency, and restraining individuals from fully contributing to society.
John notes a distressing reality: the most impacted by these inefficiencies are the vulnerable members of society – the very individuals government initiatives are meant to assist. This irony showcases the urgency of addressing this issue. The repercussions include diminished motivation, delayed access to healthcare, and reduced economic productivity for those who need support the most.
Shifting the focus to the government’s role, it becomes crucial to grasp the significant obstacles people encounter when transitioning to digital service delivery. John emphasises that the lack of comprehension and quantification of the economic toll acts as a barrier to meaningful progress. Without gauging the full scope of impacts, governments inadvertently invest resources in tackling the wrong challenges or inefficiently distributing funds.
Governments must comprehend the entirety of the cost-to-serve framework. This involves measuring the economic losses stemming from inefficient services and recognising that these losses are often disproportionately higher for marginalised groups. Equipped with this insight, governments can tailor their digital initiatives to effectively address the most pressing concerns, ultimately alleviating the burden on citizens and the economy.
Navigating the intricate landscape of digital government initiatives, John lays out fundamental criteria that delineate the success of such endeavours. These criteria shed light on the factors contributing to the formidable challenge of enhancing citizens’ satisfaction through streamlined digital services.
According to John, the bedrock of successful digital government initiatives is a citizen-centric approach. This entails crafting services around the specific tasks citizens aim to complete, rather than aligning with the government’s internal procedures. This approach prioritises user needs, enhancing the overall service experience.
Notably, he underscores the significance of mobile responsiveness. In today’s digital era, where mobile access is pervasive, services must seamlessly operate on mobile devices. This adaptability ensures accessibility to a broader audience.
Moreover, the swiftness and efficiency of platforms are paramount. Regardless of geographical location or network capabilities, services should deliver optimal speed and performance, enabling users to engage without hindrance.
Recognising the multicultural fabric of societies, John underscores the pivotal role of accessibility and readability. This is particularly crucial in diverse environments, where information must be understandable to varied audiences. These attributes collectively contribute to the triumphant execution of digital government initiatives.
John offers insights into impactful digital government initiatives that have set new standards for enhancing citizen satisfaction:
- Enhanced My Gov Programme (Australia): This initiative transformed from a distributed ecosystem into a consolidated platform offering essential life event information. Citizens can access transactions, navigate government services, and manage tasks seamlessly from their mobile devices. The transition was driven by aggregation, citizen-centric design, and a mobile-first approach.
- Services NSW (New South Wales, Australia): The success of Services NSW stems from the integration of digital and offline experiences. The initiative not only provides digital tools but also promotes digital literacy among citizens. Personalisation plays a significant role, ensuring tailored services and information for different user groups, ultimately enhancing the user experience.
- Government of Canada: With 42 government departments consolidated into one platform, Canada’s initiative simplifies citizens’ access to a wide range of government information and services. This centralised approach aids citizens in navigating major life events, while the platform’s capabilities contribute to improved user experiences.
John believes, “Effective measurement encompasses several key factors. Firstly, it involves assessing the Net Promoter Score (NPS) and regularly soliciting feedback from users to gauge the effectiveness of digital content and services.”
However, going beyond feedback, governments should conduct comprehensive testing. This includes evaluating the website’s loading speed and ensuring optimal performance even in diverse network conditions. Also, it entails testing the findability of content through search engines, enhancing user accessibility.
John acknowledges the challenges governments face in transitioning to efficient digital services. He highlighted the persistence of siloed operations within government departments and the need for comprehensive alignment around citizen needs. Additionally, he pointed out the importance of retraining the public sector to equip them with the digital skills needed to effectively serve citizens in the digital age.
John also spoke about the complex realm of data security, privacy, and establishing trust in the context of digital government services, sharing the pivotal role that data security and privacy play in building trust and ensuring citizen satisfaction within government services.
“Trust is the cornerstone and hinges on governments delivering on their commitments. It’s about doing what you say you’re going to do,” John believes. “To cultivate trust, governments must adhere to their promises, thus reinforcing their credibility.”
Transparency, he emphasised, plays a crucial role in building trust. By providing citizens with a clear understanding of the data collected and how it’s used, governments can instil confidence in their digital initiatives.
Transparency, in turn, is intrinsically linked to control. Citizens should have a level of control over the data they share and how it’s utilised. This extends to advanced uses of artificial intelligence (AI), where governments may leverage data to provide personalised recommendations. By granting citizens the ability to influence their data usage, governments can build a framework that respects individual preferences and fosters trust.
Navigating trust, data security, and privacy becomes more intricate in areas like healthcare and unemployment management. John highlighted the necessity of safeguarding sensitive information related to health and employment status. Governments must ensure that citizens’ health data is secure and that unemployment information is handled with the utmost discretion.
John is convinced of the role of digital identity in building trust. A comprehensive digital identity framework not only provides secure access but also enables citizens to manage their preferences. The ability to personalise data usage adds an extra layer of trust by giving citizens a stake in their digital experiences.
Implementing digital transformation within government often encounters significant resistance to change, driven by various factors including concerns over data security and privacy, unfamiliarity with new processes, and a general reluctance to embrace change. John explored the challenges posed by resistance to change and the strategies that can effectively address them.
Resistance to change is a formidable challenge, stemming from inherent human aversion to change. He lays bare the multifaceted nature of the issue, including data privacy and security concerns that may hinder the implementation of personalised experiences. The balancing act between delivering personalised services and maintaining data security becomes a delicate process, often accompanied by fears of data breaches and compromised privacy.
John further highlighted the importance of considering dynamic consent and transparency. Citizens’ preferences and willingness to share data may fluctuate over time, necessitating an adaptable approach to data usage. Governments must ensure that citizens have the tools to modify their data-sharing preferences and remain informed about the evolving landscape of data privacy and usage.
Addressing resistance to change requires a comprehensive digital identity framework that facilitates secure access, personalised experiences, and granular control over data sharing. John underscored the significance of a connected ecosystem, where data from various government departments can be seamlessly integrated to support citizen journeys. Such an ecosystem not only aids in providing better services but also ensures compliance with evolving privacy and governance regulations.
When it comes to spearheading digital transformation to enhance citizen satisfaction, John offered actionable advice rooted in practicality. He recommended that government leaders focus on specific pain points and journeys that citizens encounter. Rather than attempting to overhaul the entire system in one go, tackling challenges one at a time is a more manageable and effective approach.
Technology, such as Adobe’s solutions, plays a pivotal role in simplifying the transformation process. By addressing the technology challenges for one journey or life event, governments can subsequently apply the same solutions to multiple scenarios. The efficiency gained from this approach eliminates the need to recreate systems repeatedly and enables a scalable transformation process across multiple use cases.
The emergence of Generative AI and the rise of conversational AI models like ChatGPT have the potential to reshape how citizens interact with government content and services. While there are significant benefits to leveraging these technologies, there are also challenges that need to be addressed, particularly in the context of a distributed content ecosystem and language diversity. John shed light on these challenges and their implications in a conversation with OpenGov Asia.
Generative AI has the power to enhance citizen engagement and inclusion by providing personalised experiences and enabling natural language interactions. For example, citizens can ask questions using their own words and receive relevant information in return. This is particularly advantageous for reaching diverse groups of citizens, including those with lower literacy levels and varying language preferences.
However, the challenges arise from the decentralised nature of the content ecosystem. Government content is often distributed across various departments and agencies, resulting in fragmented and conflicting information. This poses a risk that users may receive incorrect or outdated information when interacting with AI models.
In the context of Southeast Asia, where multiple languages and dialects are prevalent, the challenges of language diversity are amplified. While English content might be well-optimised for search engines and AI models, content in local languages might not receive the same level of visibility due to lower SEO rankings. Additionally, content in local languages might not have been created with the same digital user experience in mind, leading to potential mismatches between user queries and available content.
Addressing these challenges requires collaboration among government agencies to create unified and authoritative content. Governments need to ensure that content is accurate, up-to-date, and accessible across multiple languages. This involves not only adapting existing content to be conversational but also creating content specifically designed for AI interactions.
Adobe’s role in this landscape is significant. With its technology solutions, Adobe can help governments manage and optimise their content for AI interactions. By creating content that is not only language-appropriate but also aligned with the needs of AI models, governments can enhance the accuracy and relevance of AI-generated responses.
Adobe’s capabilities in managing digital experiences, personalisation, and content optimisation can be leveraged to improve citizen engagement through AI-powered interactions.
Interestingly personalisation is a term that often stirs debate in government circles. However, when stripped down to its essence, it revolves around simplicity and efficiency.
Unlike other platforms, like media and entertainment, where the goal is to keep users engaged for longer periods, a successful government experience is one where citizens can swiftly access what they need and then move on with their lives.
“In essence, personalisation in government is about giving citizens back valuable time in their day, allowing them to focus on their families, jobs, and contributing to the economy,” John points out.
Looking ahead to the next two to three years, John shared his insights on the trends and innovations that are likely to have a substantial impact on citizens’ satisfaction and government service delivery:
- Integration of AI into Everyday Tools: The integration of AI and Generative AI capabilities into everyday tools and technologies will change the way people interact with information. This will go beyond specialised AI platforms and become a part of common tools like search engines and productivity suites. This shift will drive governments to rethink their communication strategies and adapt to new interfaces for delivering information and services.
- Transformation of Government Communication: The transformation in how people access and consume information will lead to a reevaluation of government communication strategies. As the way citizens interact with content evolves, governments will need to reconsider the sprawling landscape of government websites and find new ways to communicate effectively with citizens. This transformation could result in a more streamlined and targeted approach to content delivery.
- Personalised Government Services: The continued push towards personalised government service delivery will remain a prominent trend. AI technologies will enable governments to tailor information and services to individual citizens’ needs, improving user experiences and satisfaction. This trend will likely contribute to more efficient and effective government interactions.
- Increased Connectivity and Collaboration: The evolving digital landscape will drive governments to become more connected and collaborative. As citizens become accustomed to seamless interactions in their daily lives, governments will need to work across departments to offer integrated and holistic services. This may involve breaking down silos and creating a unified approach to serving citizens.
- Shift Toward Accessibility and Inclusion: The increased use of AI and conversational AI models presents an opportunity for governments to enhance accessibility and inclusion. By offering information and services in multiple languages and accommodating diverse user needs, governments can ensure that their services are available to all citizens.
- Ethical Considerations and Bias Mitigation: As AI becomes more integrated into government processes, addressing ethical considerations and mitigating bias will become crucial. Governments and technology providers will need to work together to ensure that AI-generated information is accurate, unbiased, and culturally sensitive, particularly in diverse regions like Asia.
In the short term, the world is likely to witness significant shifts in how citizens interact with government information and services. The integration of AI, particularly Generative AI, into everyday tools will redefine the user experience and prompt governments to reevaluate their communication strategies.
Personalised services, increased connectivity, and a focus on accessibility and inclusion will all contribute to a more efficient and citizen-centric government service delivery. However, as these technologies advance, ethical considerations and bias mitigation will play a pivotal role in ensuring the accuracy, fairness, and cultural sensitivity of AI-generated content and responses.
In the fast-evolving landscape of digital transformation and the emergence of artificial intelligence (AI), governments around the world are faced with a critical juncture. The integration of advanced technologies, particularly AI-driven solutions like Generative AI (Gen AI), presents opportunities to enhance citizen services and satisfaction, but also raises complex challenges that demand careful consideration.
As governments seek to leverage AI and Gen AI to meet the evolving needs of citizens, a pivotal moment is emerging. The potential benefits are significant: improved service delivery, personalised interactions, and streamlined processes that boost citizens’ satisfaction. However, a challenging paradox has emerged. The very tools designed to enhance citizen experiences are met with resistance and apprehension in some government circles.
One of the most pressing challenges governments face is the varying speeds of adoption. While Generative AI offers a promising avenue for better service delivery, some government entities have hesitated to fully embrace the technology. In certain cases, there are instances of outright bans or restrictions on its use. Paradoxically, within these same government bodies, public servants are engaging with Gen AI tools in their personal lives, underscoring the disconnect between policy and practice.
The diverse cultural and linguistic landscape in different regions poses another layer of complexity. Language nuances and cultural sensitivities must be taken into account when designing AI systems. Failure to do so can lead to inaccurate or inappropriate information dissemination. In a world where AI-generated responses become the norm, these cultural nuances become all the more critical, particularly in Asian regions with vast cultural diversity.
In the quest for digital innovation, governments must walk a fine line between embracing new technologies and ensuring that inclusivity is not compromised. Rushing to adopt complex platforms without considering the digital literacy of citizens can lead to the exclusion of certain age groups, notably those less tech-savvy or familiar with navigating digital interfaces.
While the term “digital literacy” is often used to emphasise upskilling citizens, it is essential to avoid creating overly complex systems and necessitate assistance from younger generations. Striving for inclusivity means ensuring that advancements benefit all citizens, regardless of age or digital proficiency.
The urgency to adapt and adopt Gen AI and other transformative technologies requires governments to reevaluate their strategies. A balance must be struck between fostering innovation and catering to the diverse needs of the population. Collaborative efforts between governments, technology providers like Adobe, and citizens are necessary to ensure that digital transformation is carried out with the citizen experience and satisfaction at its core.
In the Asian region, which boasts intricate cultural and linguistic diversity, a distinct challenge emerges in the era of Gen AI. Here, leapfrogging, not playing catch-up should be the strategy, John says. Rather than emulating strategies employed by technologically advanced nations, an opportunity exists to skip certain stages and tailor strategies to align with regional contexts.
This is particularly pertinent for nations with nascent digital infrastructure, enabling them to embrace advanced Gen AI capabilities more expeditiously.
As governments prioritise efficiency and optimisation in the public sector, understanding the economic impact of digitalisation is crucial. Accurate measurement of benefits ensures meaningful results from investments, driving positive change in citizens’ satisfaction and societal progress. Inefficient public services carry hidden costs that range from lost productivity to delayed access to vital services, underscoring the need for quantitative assessment.
Beyond a doubt, government initiatives play a vital role in enhancing citizen experiences through efficient digital services. However, addressing these challenges will enable governments to assist vulnerable populations while fostering productivity and efficiency.
A roadmap for success would encompass citizen-centricity, mobile responsiveness, accessibility, and the integration of digital and offline experiences. By studying these successful initiatives and addressing challenges head-on, governments can create a digital landscape that truly serves and satisfies their citizens.
Overcoming resistance to change is a critical step in realising successful digital transformation within government services. By acknowledging concerns, embracing dynamic consent, and leveraging technology to simplify the process, government leaders can navigate the path toward enhanced citizen satisfaction, personalised experiences, and an ecosystem that prioritises data security and privacy.
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Dalam wawancara eksklusif dengan OpenGov Asia, John Mackenney, seorang ahli dalam inisiatif pemerintah dan transformasi digital, memberikan pemahamannya terkait perubahan lanskap layanan sektor publik dan kepuasan masyarakat.
John menggambarkan perubahan yang telah diamati sejak pandemi COVID-19 dan mengeksplorasi kerangka kerja yang sedang berkembang di Asia Tenggara dalam konteks inisiatif pemerintah. Dia menyoroti pentingnya menyusun kembali prioritas dan menekankan efisiensi di sektor publik. Dia juga mencatat bahwa pemahaman yang lebih mendalam tentang dampak ekonomi dari digitalisasi semakin diperlukan.
John menganggap dampak COVID-19 menjadi titik puncak yang menjadi inisiatif pemerintah sebagai pendorong utama perubahan, yaitu mendorong transformasi digital secara cepat di berbagai sektor. Dia mengakui pentingnya pandemi ini dalam membentuk agenda pemerintah, tetapi juga mencatat pergeseran fokus yang signifikan. Terjadi perubahan dalam prioritas, dengan penekanan yang semakin besar pada pencapaian efisiensi di sektor publik.
John menyoroti lonjakan awal investasi pemerintah dan cepatnya implementasi yang terjadi selama puncak pandemi. Namun, seiring dengan berkurangnya krisis segera, pemerintah di seluruh dunia mulai mengevaluasi kembali strategi dan anggaran mereka. Perubahan ini menyebabkan penyesuaian proyek dan penilaian ulang proposisi nilai dari inisiatif digital di sektor publik.
“Pemerintah harus lebih memahami konsekuensi ekonomi dari eksklusi dan berinvestasi sesuai dengan pemahaman tersebut, karena ketiadaan pemahaman semacam itu dapat menghambat kemajuan,” jelas John.
Dalam meninjau perjalanan selama ini, terlihat bahwa fokus ke dalam yang jelas telah muncul pada era pasca-COVID-19. Pemerintah kini aktif mencari cara untuk mengoptimalkan operasi di sektor publik. Meskipun kembali ke kantor fisik mungkin tidak universal, pengaturan kerja fleksibel semakin mendapatkan perhatian. Fleksibilitas ini sejalan dengan tujuan yang lebih luas untuk meningkatkan efisiensi di dalam lembaga pemerintah.
Tren yang teramati dalam program transformasi di sektor publik adalah perlambatan dari kecepatan awal. Perlambatan ini dapat disebabkan oleh berbagai faktor, termasuk kendala anggaran dan kebutuhan untuk pemahaman yang lebih komprehensif tentang nilai yang dapat dibawa oleh digitalisasi.
Salah satu poin kritis adalah proposisi nilai yang berkembang dari kerangka kerja pemerintah digital. Sementara pesan awal berfokus pada penghematan waktu bagi masyarakat dan proses yang efisien, ada kebutuhan yang semakin mendesak untuk memahami lebih dalam dampak ekonomi dari inisiatif-inisiatif ini. Ketidakpahaman yang komprehensif tentang pendorong dan manfaat ekonomi dari digitalisasi dapat menghambat investasi dan menghambat kemajuan potensial.
Untuk mengilustrasikan ini, John menggunakan contoh inklusi dan mencapai populasi yang terpinggirkan. Sementara pemerintah mengakui pentingnya inklusi, dia menekankan pentingnya menguantifikasi biaya ekonomi dari eksklusi. Dengan menghitung implikasi ekonomi dari tidak menyertakan segmen masyarakat tertentu, pemerintah dapat lebih baik memahami potensi keuntungan dari upaya-upaya digitalisasi.
John menekankan pentingnya pengukuran dalam mendorong perubahan. Dia menyoroti kebutuhan akan pengukuran yang akurat untuk membenarkan alokasi sumber daya ke inisiatif-inisiatif digital. Dia membandingkan situasi di Australia dan Selandia Baru, di mana perubahan gaya hidup telah mendorong pergeseran dalam pendekatan pemerintah, dengan situasi di Asia Tenggara, di mana kembali ke norma pra-pandemi telah memicu peningkatan antrian dan kemacetan.
Tanpa pemahaman menyeluruh tentang manfaat digitalisasi, pemerintah berisiko kembali ke model operasi yang lebih lama dan kurang efisien. Dengan mengukur dan menguantifikasi keuntungan dan kerugian ekonomi yang terkait dengan inisiatif digital, pemerintah dapat membuat keputusan yang berdasar dan terus maju menuju layanan publik yang efisien dan inklusif.
“Perjalanan menuju digitalisasi dalam layanan pemerintah tidak hanya berfokus pada kenyamanan. Namun, hal ini juga melibatkan pengakuan dan pengurangan biaya tersembunyi yang timbul dari ketidakefisienan,” ujar John.
Ketika mempertimbangkan dampak ekonomi yang signifikan dari layanan publik yang tidak efektif bagi masyarakat dan ekonomi secara keseluruhan, menjadi jelas bahwa tugas-tugas yang mungkin tampak sepele seperti menunggu telepon di garis dan mengantri untuk layanan pemerintah memiliki biaya tersembunyi yang melampaui sekadar ketidaknyamanan.
Para ahli sering kali meremehkan dampak saluran layanan tradisional seperti pusat panggilan dan kunjungan langsung terhadap waktu dan produktivitas masyarakat. John memperkuat pandangan ini dengan menghadirkan skenario di mana tugas yang tampaknya cepat bisa berubah menjadi waktu yang terbuang sia-sia. Menunggu di telepon, diikuti dengan menjelaskan masalah kepada agen layanan masyarakat dan kemungkinan menangani lebih banyak persyaratan setelahnya, semakin memperburuk ketidaknyamanan.
Dalam kasus-kasus seperti itu, penting untuk menilai biaya ekonomi nyata dari pengiriman layanan yang tidak efektif. Sementara waktu yang langsung dihabiskan untuk menunggu dan menyelesaikan tugas sudah terhitung besar, John menekankan bahwa konsekuensi lebih luas bahkan lebih signifikan.
Sebagai contoh, seseorang yang harus mengunjungi kantor pemerintah tidak hanya menginvestasikan waktu dalam tugas itu sendiri, tetapi juga menghadapi biaya tidak langsung yang terkait dengan perjalanan, menunggu dalam antrian, dan kemungkinan mengambil cuti dari pekerjaan.
Dampak ekonomi meluas di luar pengalaman individu, terutama di wilayah-wilayah dengan kemacetan lalu lintas atau lokasi terpencil. Dalam situasi seperti ini, efeknya menjadi lebih luas dengan beberapa individu mengalami peningkatan biaya terkait waktu dua atau tiga kali lipat. Dengan demikian, hal ini mengakibatkan penundaan dalam mengakses layanan penting, menghambat efisiensi ekonomi, dan mencegah individu untuk berkontribusi sepenuhnya pada masyarakat.
John mencatat situasi yang mengkhawatirkan: yang paling terdampak oleh ketidaknyamanan ini adalah anggota rentan masyarakat – individu yang sebenarnya diharapkan mendapatkan manfaat dari inisiatif pemerintah. Ironi ini menekankan urgensi dalam penanganan masalah ini. Dampaknya termasuk motivasi yang berkurang, penundaan dalam mengakses perawatan kesehatan, dan penurunan produktivitas ekonomi bagi mereka yang paling membutuhkan dukungan. Mengalihkan fokus pada peran pemerintah menjadi sangat penting untuk memahami hambatan signifikan yang dihadapi orang saat beralih ke pengiriman layanan digital. John menekankan bahwa kurangnya pemahaman dan pengukuran beban ekonomi berperan sebagai penghalang kemajuan yang berarti. Tanpa mengukur seluruh dampak, pemerintah tanpa disadari menginvestasikan sumber daya dalam mengatasi tantangan yang salah atau mendistribusikan dana dengan tidak efisien.
Pemerintah harus memahami keseluruhan kerangka biaya-pelayanan. Ini melibatkan pengukuran kerugian ekonomi yang berasal dari layanan yang tidak efisien dan menyadari bahwa kerugian tersebut sering kali jauh lebih tinggi secara tidak proporsional bagi kelompok-kelompok yang terpinggirkan. Dengan wawasan ini, pemerintah dapat menyesuaikan inisiatif digital mereka untuk lebih efektif dalam mengatasi masalah-masalah paling mendesak, akhirnya meringankan beban bagi masyarakat dan ekonomi.
Menavigasi lanskap rumit inisiatif pemerintah digital, John menguraikan kriteria mendasar yang menggambarkan keberhasilan upaya semacam itu. Kriteria-kriteria ini memberikan wawasan tentang faktor-faktor yang berkontribusi pada tantangan besar dalam meningkatkan kepuasan masyarakat melalui layanan digital yang efisien.
Menurut John, dasar keberhasilan inisiatif pemerintah digital adalah pendekatan yang berorientasi pada masyarakat. Hal ini melibatkan pembuatan layanan berdasarkan tugas-tugas khusus yang ingin diselesaikan oleh masyarakat negara, daripada sejalan dengan prosedur internal pemerintah. Pendekatan ini memberi prioritas pada kebutuhan pengguna, meningkatkan pengalaman layanan secara keseluruhan.
Dengan tegas, John menekankan pentingnya responsibilitas mobile. Di era digital saat ini, di mana akses melalui ponsel merajalela, layanan harus beroperasi dengan lancar di perangkat mobile. Kecakapan ini memastikan aksesibilitas ke audiens yang lebih luas.
Selain itu, kecepatan dan efisiensi platform sangat penting. Terlepas dari lokasi geografis atau kemampuan jaringan, layanan harus memberikan kecepatan dan kinerja optimal, sehingga memungkinkan pengguna berinteraksi tanpa hambatan.
Mengakui keragaman masyarakat, John menekankan peran kunci aksesibilitas dan kemudahan membaca. Hal ini sangat penting dalam lingkungan yang beragam, di mana informasi harus dimengerti oleh berbagai audiens. Ini adalah atribut-atribut yang secara bersama-sama berkontribusi pada pelaksanaan yang berhasil dari inisiatif pemerintah digital.
Mackenney memberikan wawasan tentang inisiatif pemerintah digital yang berdampak dan telah menetapkan standar baru dalam meningkatkan kepuasan masyarakat:
Enhanced My Gov Programme (Australia): Inisiatif ini bertransformasi dari ekosistem terdistribusi menjadi platform terpadu yang menawarkan informasi peristiwa kehidupan penting. Masyarakat dapat mengakses transaksi, menjelajahi layanan pemerintah, dan mengelola tugas dengan lancar dari perangkat mobile mereka. Transisi ini didorong oleh agregasi, desain yang berorientasi pada masyarakat, dan pendekatan berbasis mobile.
Services NSW (New South Wales, Australia): Keberhasilan Services NSW berasal dari integrasi pengalaman online dan offline. Inisiatif ini tidak hanya menyediakan alat digital tetapi juga mempromosikan literasi digital di antara masyarakat. Personalisasi memainkan peran penting, memastikan layanan dan informasi yang disesuaikan untuk berbagai kelompok pengguna, akhirnya meningkatkan pengalaman pengguna.
Pemerintah Kanada: Dengan 42 departemen pemerintah yang digabungkan ke dalam satu platform, inisiatif Kanada menyederhanakan akses masyarakat ke berbagai informasi dan layanan pemerintah. Pendekatan terpusat ini membantu masyarakat dalam menjalani peristiwa penting dalam hidup mereka, sementara kemampuan platform tersebut berkontribusi pada peningkatan pengalaman pengguna.
“Selain elemen-elemen penting dalam digitalisasi pemerintah, ada aspek penting yang tidak boleh diabaikan – pengukuran,” tegas John. Pengukuran efektif melibatkan beberapa faktor kunci. Pertama, melibatkan penilaian terhadap Net Promoter Score (NPS) dan secara rutin meminta umpan balik dari pengguna untuk mengukur efektivitas konten dan layanan digital.
Namun, lebih dari sekadar umpan balik, pemerintah harus melakukan pengujian komprehensif. Ini termasuk mengevaluasi kecepatan muat situs web, memastikan kinerja optimal bahkan dalam kondisi jaringan yang beragam. Selain itu, ini melibatkan pengujian dalam menemukan konten melalui mesin pencari, meningkatkan aksesibilitas pengguna.
John mengakui tantangan yang akan dihadapi pemerintah dalam beralih ke layanan digital yang efisien. Dia menyoroti persistensi operasi terpisah di dalam departemen pemerintah dan perlunya keselarasan komprehensif seputar kebutuhan masyarakat. Selain itu, dia menekankan pentingnya melatih ulang sektor publik untuk memberi keterampilan digital yang diperlukan untuk melayani masyarakat dengan efektif di era digital.
John menjelaskan bahwa personalisasi adalah sebuah istilah yang sering memicu perdebatan di lingkaran pemerintahan. Namun, ketika dikupas hingga ke intinya, personalisasi berkisar pada kesederhanaan dan efisiensi. Berbeda dengan platform lain, seperti media dan hiburan, di mana tujuannya adalah menjaga pengguna terlibat dalam jangka waktu lebih lama, pengalaman pemerintah yang berhasil adalah ketika masyarakat dapat dengan cepat mengakses apa yang mereka butuhkan dan kemudian melanjutkan kehidupan mereka.
“Pada intinya, personalisasi dalam pemerintahan adalah tentang memberikan waktu berharga kepada masyarakat dalam keseharian mereka, sehingga memungkinkan mereka fokus pada keluarga, pekerjaan, dan kontribusi terhadap ekonomi,” jelas John.
Melihat ke depan dua hingga tiga tahun mendatang, John membagikan pandangannya tentang tren dan inovasi yang kemungkinan besar akan memiliki dampak signifikan pada kepuasan masyarakat dan penyelenggaraan layanan pemerintah, di antaranya adalah:
Integrasi Kecerdasan Buatan ke Dalam Alat Sehari-hari: Integrasi kecerdasan buatan (AI) dan kemampuan Generative AI ke dalam alat-alat dan teknologi sehari-hari akan mengubah cara orang berinteraksi dengan informasi. Hal ini akan melampaui platform AI khusus dan menjadi bagian dari alat-alat umum seperti mesin pencari dan paket produktivitas. Perubahan ini akan mendorong pemerintah untuk memikirkan ulang strategi komunikasi mereka dan beradaptasi dengan antarmuka baru untuk penyampaian informasi dan layanan.
Transformasi Komunikasi Pemerintah: Transformasi dalam cara orang mengakses dan mengonsumsi informasi akan mengarah pada pengevaluasian kembali strategi komunikasi pemerintah. Saat cara masyarakat berinteraksi dengan konten berkembang, pemerintah akan perlu mempertimbangkan kembali lanskap luas situs web pemerintah dan menemukan cara baru untuk berkomunikasi secara efektif dengan masyarakat. Transformasi ini bisa menghasilkan pendekatan penyampaian konten yang lebih efisien dan terarah.
Layanan Pemerintah yang Dipersonalisasi: Dorongan terus-menerus menuju penyelenggaraan layanan pemerintah yang dipersonalisasi akan tetap menjadi tren yang dominan. Teknologi AI akan memungkinkan pemerintah untuk menyesuaikan informasi dan layanan sesuai dengan kebutuhan individu masyarakat, meningkatkan pengalaman dan kepuasan pengguna. Tren ini kemungkinan akan berkontribusi pada interaksi pemerintah yang lebih efisien dan efektif.
Peningkatan Konektivitas dan Kolaborasi: Lanskap digital yang terus berkembang akan mendorong pemerintah untuk menjadi lebih terhubung dan berkolaborasi. Saat masyarakat menjadi terbiasa dengan interaksi yang lancar dalam kehidupan sehari-hari mereka, pemerintah perlu bekerja melintasi departemen untuk menawarkan layanan terintegrasi dan holistik. Hal ini mungkin melibatkan penghapusan sekat-sekat dan menciptakan pendekatan bersatu dalam melayani masyarakat.
Pergeseran Menuju Aksesibilitas dan Inklusi: Penggunaan yang semakin meningkat dari AI dan model AI percakapan memberikan peluang bagi pemerintah untuk meningkatkan aksesibilitas dan inklusi. Dengan menawarkan informasi dan layanan dalam berbagai bahasa dan menampung beragam kebutuhan pengguna, pemerintah dapat memastikan bahwa layanan mereka tersedia untuk semua masyarakat.
Pertimbangan Etika dan Mitigasi Bias: Saat AI semakin terintegrasi ke dalam proses pemerintah, penanganan pertimbangan etika dan mitigasi bias akan menjadi sangat penting. Pemerintah dan penyedia teknologi perlu bekerja sama untuk memastikan bahwa informasi yang dihasilkan oleh AI akurat, tidak bias, dan sensitif secara budaya, terutama di daerah yang beragam seperti Asia.
Dua hingga tiga tahun mendatang kemungkinan akan menyaksikan pergeseran signifikan dalam cara masyarakat berinteraksi dengan informasi dan layanan pemerintah. Integrasi AI, khususnya Generative AI, ke dalam alat-alat sehari-hari akan mendefinisikan ulang pengalaman pengguna dan mendorong pemerintah untuk mengevaluasi kembali strategi komunikasi mereka.
Layanan yang dipersonalisasi, konektivitas yang meningkat, dan fokus pada aksesibilitas dan inklusi akan berkontribusi pada penyelenggaraan layanan pemerintah yang lebih efisien dan berpusat pada masyarakat. Namun, seiring dengan kemajuan teknologi ini, pertimbangan etika dan mitigasi bias akan memainkan peran penting dalam memastikan akurasi, keadilan, dan sensitivitas budaya dari konten dan respons yang dihasilkan oleh AI.
Dalam lanskap yang cepat berubah dari transformasi digital dan munculnya kecerdasan buatan (AI), pemerintah di seluruh dunia berada di persimpangan penting. Integrasi teknologi canggih, terutama solusi yang didorong oleh AI seperti Generative AI (Gen AI), menawarkan peluang untuk meningkatkan layanan dan kepuasan masyarakat, tetapi juga menimbulkan tantangan kompleks yang membutuhkan pertimbangan yang matang.
Saat pemerintah berusaha memanfaatkan AI dan Gen AI untuk memenuhi kebutuhan yang terus berubah dari masyarakat, sebuah momen krusial sedang muncul. Manfaat potensialnya besar: peningkatan penyelenggaraan layanan, interaksi yang disesuaikan, dan proses yang lebih efisien yang meningkatkan kepuasan masyarakat. Namun, muncul paradoks yang menantang. Alat-alat yang dirancang untuk meningkatkan pengalaman masyarakat dihadapkan pada resistensi dan kekhawatiran di lingkaran pemerintahan tertentu.
Salah satu tantangan paling mendesak yang dihadapi pemerintah adalah kecepatan berbeda dalam adopsi teknologi. Sementara Gen AI menawarkan jalan yang menjanjikan untuk penyelenggaraan layanan yang lebih baik, beberapa entitas pemerintah ragu untuk sepenuhnya merangkul teknologi ini. Dalam kasus tertentu, ada larangan atau pembatasan penggunaannya. Ironisnya, dalam badan pemerintah yang sama ini, pejabat publik aktif menggunakan alat-alat Gen AI dalam kehidupan pribadi mereka, menggarisbawahi ketidaksesuaian antara kebijakan dan implementasi praktis.
Lanskap budaya dan linguistik yang beragam di berbagai wilayah menambah lapisan kompleksitas. Nuansa bahasa dan sensitivitas budaya harus diperhitungkan saat merancang sistem AI. Mengabaikan aspek ini dapat mengakibatkan penyebaran informasi yang tidak akurat atau tidak pantas. Di dunia di mana respons yang dihasilkan oleh AI menjadi norma, nuansa budaya menjadi semakin penting, terutama di wilayah Asia yang memiliki keragaman budaya yang luas.
Dalam upaya untuk berinovasi secara digital, pemerintah harus menjaga keseimbangan yang halus antara merangkul teknologi baru dan memastikan bahwa inklusivitas tidak dikorbankan. Terburu-buru mengadopsi platform yang kompleks tanpa mempertimbangkan literasi digital masyarakat dapat mengakibatkan pengecualian dari beberapa kelompok usia, terutama mereka yang kurang berpengetahuan dalam teknologi atau tidak terbiasa dengan antarmuka digital.
Meskipun istilah “literasi digital” sering digunakan untuk menekankan perluasan keterampilan masyarakat, penting untuk menghindari penciptaan sistem yang terlalu rumit dan memerlukan bantuan dari generasi yang lebih muda. Inklusivitas yang sejati berarti memastikan bahwa kemajuan bermanfaat bagi semua masyarakat, tanpa memandang usia atau kemahiran digital.
Kepentingan untuk beradaptasi dan mengadopsi Gen AI dan teknologi transformatif lainnya mengharuskan pemerintah untuk mengevaluasi kembali strategi mereka. Sebuah keseimbangan harus dicapai antara memajukan inovasi dan memenuhi kebutuhan yang beragam dari penduduk. Upaya kolaboratif antara pemerintah, penyedia teknologi seperti Adobe, dan masyarakat sangat diperlukan untuk memastikan bahwa transformasi digital dilakukan dengan pengalaman dan kepuasan masyarakat sebagai prinsip panduan.
Di wilayah Asia, dengan keragaman budaya dan linguistiknya yang unik, menghadapi tantangan yang berbeda dalam era Gen AI. Sementara beberapa pemerintah mungkin tergoda untuk meniru strategi yang digunakan oleh negara-negara maju secara teknologi, ada kesempatan untuk melompati langkah-langkah tertentu dan menyesuaikan strategi dengan konteks yang relevan bagi mereka. Hal ini sangat relevan bagi negara-negara dengan infrastruktur digital yang masih baru, sehingga memungkinkan mereka untuk mengadopsi kemampuan Gen AI yang canggih dengan lebih cepat.
John memberikan wawasan tentang dinamika yang berubah dalam inisiatif pemerintah dan transformasi digital setelah pandemi COVID-19. Saat pemerintah beralih fokus ke efisiensi dan optimalisasi dalam sektor publik, pentingnya memahami dampak ekonomi dari digitalisasi menjadi sangat mendesak. Melalui pengukuran dan kuantifikasi yang akurat terhadap manfaatnya, pemerintah dapat memastikan bahwa investasi mereka menghasilkan hasil yang berarti, mendorong perubahan positif dalam kepuasan masyarakat dan kemajuan sosial secara keseluruhan.
Ada implikasi ekonomi yang mendalam dari layanan publik yang tidak efisien. Di luar ketidaknyamanan langsung, biaya tersembunyi dapat berkembang menjadi kehilangan produktivitas, akses yang tertunda ke layanan penting, dan produksi ekonomi yang berkurang. Ada kebutuhan mendesak bagi pemerintah untuk mengukur dampak-dampak ini secara kuantitatif dan merancang inisiatif digital mereka dengan pemahaman yang komprehensif tentang konsekuensi ekonomi. Dengan mengatasi tantangan-tantangan ini dengan tegas, pemerintah dapat memenuhi misi mereka untuk membantu tantangan yang paling rentan sambil mendorong masyarakat yang lebih produktif dan efisien.
Tidak diragukan lagi, inisiatif pemerintah memainkan peran penting dalam meningkatkan pengalaman masyarakat melalui layanan digital yang efisien. Suatu panduan keberhasilan yaitu mencakup layanan yang berpusat pada masyarakat, responsif terhadap perangkat mobile, aksesibilitas, serta integrasi pengalaman online dan offline. Dengan mempelajari inisiatif-inisiatif yang berhasil ini dan mengatasi tantangan-tantangan dengan tegas, pemerintah dapat menciptakan lanskap digital yang benar-benar melayani dan memuaskan masyarakatnya.
Hubungan yang rumit antara keamanan data, privasi, kepercayaan, dan kepuasan masyarakat dalam layanan pemerintah patut diperhatikan. Transparansi, kontrol, dan identitas digital muncul sebagai pilar-pilar utama dalam membangun dan merawat kepercayaan. Dengan memastikan bahwa data dikelola dengan tanggung jawab dan masyarakat memiliki kendali atas penggunaannya, pemerintah tidak hanya dapat meningkatkan layanan mereka tetapi juga membina rasa keamanan dan keyakinan di antara masyarakat.
Mengatasi resistensi terhadap perubahan adalah langkah penting dalam mewujudkan transformasi digital yang berhasil dalam layanan pemerintah. Dengan mengakui kekhawatiran, mengadopsi persetujuan dinamis, dan memanfaatkan teknologi untuk menyederhanakan proses, pemimpin pemerintah dapat menavigasi jalan menuju peningkatan kepuasan masyarakat, pengalaman yang dipersonalisasi, dan ekosistem yang mengutamakan keamanan data dan privasi.
Saat pemerintah berjuang dengan implikasi Gen AI dan transformasi digital, suatu persimpangan penting telah tercapai. Potensi untuk meningkatkan layanan dan kepuasan tidak dapat disangkal, tetapi hanya jika pemerintah dengan bijaksana mengatasi tantangan-tantangan tersebut. Inklusivitas, sensitivitas budaya, dan upaya kolaboratif adalah kunci dalam membentuk masa depan di mana Gen AI meningkatkan interaksi antara pemerintah dan masyarakat, tanpa meninggalkan siapa pun.
Munculnya Generative AI dan model AI percakapan membawa peluang dan tantangan bagi layanan pemerintah. Sementara manfaat interaksi yang dipersonalisasi dan inklusif bagi masyarakat sangat besar, pemerintah perlu secara proaktif mengatasi tantangan yang dihadapi oleh ekosistem konten yang terfragmentasi, keragaman bahasa, dan potensi untuk penyebaran informasi yang salah.
Kerja sama, optimalisasi konten, dan memanfaatkan solusi teknologi seperti yang ditawarkan oleh Adobe dapat membantu mengatasi tantangan-tantangan ini dan memastikan bahwa interaksi yang didukung oleh AI memberikan informasi yang akurat, relevan, dan berharga kepada masyarakat dalam berbagai bahasa dan konteks.
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The School of Business and Management at The Hong Kong University of Science and Technology (HKUST Business School) and a leading financial services company and bank have jointly announced the commencement of a one-week pilot programme for a hypothetical e-Hong Kong Dollar (e-HKD).
This collaboration between HKUST Business School and the bank is part of ongoing efforts by academia and the private sector to explore and experiment with the concept of a central bank digital currency (CBDC) in Hong Kong, overseen by the Hong Kong Monetary Authority.
For this pilot initiative, the bank has developed and configured a platform utilising distributed ledger technology (DLT) to simulate the payment infrastructure required for programmable money and instant settlements in various retail scenarios.
This project has garnered significant interest, with nearly 200 students and faculty members from HKUST participating in the pilot. Each participant will receive 100 hypothetical e-HKD tokens in a dedicated digital wallet, which they can spend at five on-campus merchants, including cafes and canteens, during the one-week duration of the programme.
One notable feature of this prototype digital token is its integration of smart contract functionality and programmability, allowing customers to automatically receive embedded rewards for eligible transactions. This feature aims to enhance the user experience and explore the potential benefits of CBDCs in incentivising certain behaviours.
The pilot also includes a comprehensive user experience study, conducted jointly by HKUST and the bank. The insights gathered from this pilot programme will serve as a crucial foundation for future experimentation and research in the field of CBDCs.
The Dean of HKUST Business School expressed his enthusiasm for this collaboration, stating that as Hong Kong readies itself for the possible debut of the e-HKD, they are excited to partner with the bank to launch this e-HKD pilot initiative. Leveraging the school’s fintech knowledge and the receptiveness of its students and faculty to innovative technologies, HKUST stands as a prime centre for conducting CBDC experiments and provides an ideal environment for uncovering its potential, he said.
The Chief Digital Officer Hong Kong at the bank emphasised the bank’s active involvement in CBDC projects across various markets and its ability to swiftly design, build, and operate the HKUST pilot in just four months. He noted the strong interest shown by people in participating in the programme.
Drawing on HKUST’s expertise in fintech research, the pilot programme aims to demonstrate potential benefits, with the results slated for publication in the fourth quarter of 2023. Prof Tam added that this pilot represents a pivotal milestone in the progression of e-HKD research, offering valuable insights that will assist industry stakeholders in developing a more profound comprehension of its appeal and potential function within the current payment service landscape.
The bank’s Chief Digital Officer also stated that the findings will contribute to validating the efficacy of a digital currency in both retail and broader public contexts, given the robustness of Hong Kong’s payment ecosystem. Anticipation exists for future collaborations with industry partners to leverage the potential of emerging technology in shaping the currency of tomorrow.
This pilot initiative builds on the existing collaborations between the bank and HKUST to accelerate fintech development and provide insights into future CBDC developments. As part of this strategic partnership, HKUST Business School conducted a survey last year to assess the general public’s perception of the hypothetical e-HKD, further emphasising the commitment of both institutions to exploring the possibilities and implications of digital currencies in Hong Kong.
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Recently, an agreement was signed as a memorandum of understanding (MOU), enhancing cooperation in providing services to GFS (Government Savings Fund) members through a mobile application.
The signing ceremony involved Ms. Jarulak Rueangsuwan, the Secretary-General of the National Savings Fund (NSF), and Dr Supot Tiarawut, the Director of the Digital Government Development Agency (DGA). The primary objective is to increase savings through the Government Savings Fund by employing electronic channels that cater to various user preferences.
This collaborative effort aims to benefit the public and advance government digital platform transactions, thereby supporting the National Security Council’s endeavour to expedite its digital transformation into a more efficient digital government.
Ms Jarulak Rueangsuwan, Secretary-General of the National Savings Fund (NSF) Board, elaborated on the essence of the NSF. She emphasised that the NSF serves as a crucial pension fund tailored for self-employed individuals who lack any pension benefits provided by the state. An individual who wants to become a member of the National Savings Fund must be a Thai national aged between 15 and 60.
Ms Rueangsuwan further ascribed that becoming a member is accessible. Prospective members need to initiate savings with a minimum deposit of 50 baht, with the flexibility to contribute up to 30,000 baht annually. What’s even more enticing is the substantial incentive for savings, as members are entitled to receive an additional contribution of up to 100%, capped at 1,800 baht per year, in the following month.
Additionally, she highlighted a significant advantage of saving with the Government Savings Bank – the opportunity for an annual income tax deduction of up to 30,000 baht.
“It’s essential to note that participation in the Government Savings Bank savings programme is entirely voluntary, and there’s no obligation to save the same amount each year,” she elaborated.
Members are encouraged to contribute according to their financial capabilities and preferences, making it an inclusive and adaptable savings scheme.
This collaboration represents a strategic partnership between the National Security Council and the DGA, a public organisation. The primary aim of this initiative is to significantly enhance access to the DGA by developing service systems for existing members and citizens interested in becoming members.
This is achieved through the “government” app, a comprehensive platform consolidating services from various government agencies into one application. Notably, this app features the National Security Council under the “Welfare” category.
Through this dedicated category, individuals can conveniently verify their eligibility for National Security Council membership and track the status of their savings balances. Moreover, this collaborative effort serves the vital purpose of instilling confidence among members in utilising financial services provided by the National Security Council. It also encourages members to spread awareness among their family members about the advantages of National Security Council membership, thus promoting financial preparedness for retirement.
In essence, this partnership between the National Security Council and the DGA is geared towards simplifying access to essential services, fostering financial literacy, and ultimately ensuring a secure and well-prepared retirement for individuals in the community.
Dr Supot Tiarawut, Director at the Digital Government Development Agency, likened “government” applications to super apps. These applications bring together an array of exceptional services government agencies provide, resulting from collaborative efforts between the DGA, the Office of the Public Sector Development Commission, and affiliated partner agencies. The primary objective is to create a user-friendly experience, allowing individuals of all age groups to access various government services through a single app.
This consolidated platform offers over 80 services, with a cumulative usage of 7,741,894 times and 619,455 downloads (as of September 7, 2023). It encompasses 114 services and licenses, underscoring its extensive utility and reach.
The National Security Council taking this collaboration aims to encourage individuals to easily save money through government apps, eliminating the need for cumbersome processes. All required is a simple app download, enabling people to save anytime and anywhere conveniently.
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In a demonstration of collaboration and talent development, the Hong Kong Science and Technology Parks Corporation (HKSTP) and an American financial services company saw the graduation of over 100 students from the NxTEC (Next Technologist Entrepreneurial Champion) Career Launcher programme.
This highlighted the joint efforts of these organisations to address the growing demand for tech talent in Hong Kong. The graduates completed a rigorous training programme designed to secure job placements at more than 60 HKSTP partner companies. The graduation ceremony, attended by both the graduates and their employers, as well as volunteers from the American financial services company, marked a significant milestone in their journey.
The NxTEC programme was conceived as a response to the increasing need for tech talent in Hong Kong. It sought to nurture the next generation of tech leaders by offering a comprehensive blend of upskilling workshops, internships, and mentorship opportunities.
With sponsorship from the financial services company and support from industry partners including a global non-profit organisation dedicated to fostering tech careers, as well as participation from several universities and HKSTP partner companies, NxTEC aimed to provide a bridge for young professionals eager to explore careers in the Innovation and Technology (I&T) sector.
The infusion of innovative thinking and fresh perspectives into startups has cultivated an environment where ideas flourish and boundaries are shattered. These next-gen talents are also accelerating the success of HKSTP partner companies and propelling them to new heights.
The Head of Incubation and Acceleration Programmes at HKSTP emphasised the critical role that talent plays in the thriving I&T sector, which in turn powers Hong Kong’s economic growth. He expressed HKSTP’s pride in collaborating with visionary partners like the financial services company, Generation Hong Kong, universities, and various institutions to foster the next generation of talent. According to him, the ongoing success and spirit of collaboration at NxTEC will help support the city’s burgeoning potential as a global I&T talent hub.
The Executive Director of APAC Strategy at the financial services company underscored the importance of building a skilled workforce and ensuring access to support and training for individuals from all backgrounds. He emphasised that educators, employers, and non-profit partners all play crucial roles in creating learning opportunities. Through the NxTEC Career Launcher programme, the financial services company has successfully built a diverse talent pipeline by nurturing passionate and high-calibre students from different academic backgrounds, with many of them finding placements in Science Park’s startups.
The CEO of the global non-profit organisation expressed his organisation’s delight in playing an instrumental role in the NxTEC Career Launcher programme. He highlighted the initiative’s success in matching young talent with exciting startups in HKSTP, contributing to the growth of startups in Hong Kong and enabling talented youth to embark on fruitful career journeys.
The NxTEC programme stands out for its inclusivity, welcoming students from diverse educational backgrounds, including both STEM and non-STEM fields. The primary aim is to broaden the appeal of I&T and related industries, offering an array of activities such as tech immersion, interview skills training, alumni sharing, career exploration workshops, site visits, and employer introductions. These engagements provide participants with invaluable opportunities to connect with innovators, entrepreneurs, and leaders in the I&T industry.
Since its inception in 2015, NxTEC has made significant strides in advancing the tech careers of over 2,500 young talents. It has engaged with more than 550 partner companies, facilitating more than 500 successful job placements. The programme has become a cornerstone in the effort to cultivate a thriving tech ecosystem in Hong Kong.
The collaboration between HKSTP and the global non-profit organisation in the NxTEC Career Launcher programme serves as a testament to the importance of investing in the next generation of tech talent. By providing comprehensive training and support to students from diverse backgrounds, this initiative not only addresses the growing demand for tech skills but also fosters innovation and propels Hong Kong’s I&T sector to new heights.
The programme’s success is a result of the collective efforts of visionary partners, educators, employers, and non-profit organisations dedicated to creating a more equitable and vibrant future for Hong Kong’s tech ecosystem. As it continues to thrive and expand, NxTEC is poised to play a pivotal role in shaping the city’s role as a global I&T talent hub.
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In an era defined by rapid technological advancements, the world of healthcare has witnessed a remarkable transformation. The integration of technology and innovation into medical practices has not only improved treatment outcomes but has also significantly altered the way healthcare is delivered.
One individual at the forefront of this healthcare revolution is Prof Lawrence Ho Khek-Yu, a distinguished Senior Consultant, Professor, and Director of the Centre for Innovation in Healthcare at the National University Health System (NUHS) in Singapore. Prof Lawrence shed light on the profound impact of COVID-19 on healthcare practices and emphasised the importance of embracing digital solutions to enhance accessibility and equality in healthcare.
The COVID-19 pandemic has catalysed a paradigm shift in healthcare delivery. With social distancing measures in place, traditional healthcare practices faced unprecedented challenges. In response, telemedicine emerged as a vital solution.
Prof Lawrence noted that teleconsultations rapidly gained popularity, allowing patients and healthcare providers to adapt to this innovative mode of healthcare delivery. While telemedicine has shown promise, it is just one piece of the puzzle in the larger landscape of digital healthcare.
One of the hurdles encountered in the digitalisation of healthcare is the lack of an integrated ecosystem. Video consultations, while prevalent, are only a fraction of what a comprehensive healthcare system should encompass.
Prof Lawrence identified issues such as the scarcity of examination tools and delays in medication delivery as substantial obstacles. Additionally, the limited access to medical information and the inability to provide detailed explanations or drawings during virtual consultations can impede the progress of telemedicine.
Another challenge that cannot be overlooked is the diverse demographic of healthcare consumers. Elderly patients and other segments of society may face difficulties in adapting to technology. Furthermore, telemedicine cannot fully replicate the nonverbal and emotional aspects of in-person interactions. To bridge these gaps, Prof Lawrence emphasised the need for continuous refinement and expansion of telemedicine, making it more inclusive and user-friendly.
While telemedicine represents a significant step forward, Prof Lawrence stressed the need for the medical industry to evolve further. Current diagnostic techniques primarily rely on the five senses, limiting the scope of patient data collection.
The integration of sensors and artificial intelligence (AI) technology offers a promising avenue for collecting more accurate and comprehensive patient data. This, in turn, can lead to more precise diagnoses and tailored treatment plans, ultimately improving patient outcomes.
However, Prof Lawrence cautioned against a rush toward dramatic changes driven by hype. He argued that current medical developments often prioritise the interests of developers and creators over the end-users, leading to a lack of user-centricity. Instead, he advocated for a more gradual and deliberate approach to medical development, with an increased focus on cost-effectiveness and aligning innovations with the specific needs and preferences of patients, healthcare providers, and other stakeholders.
In addition to the medical community, Prof Lawrence called upon academia and investors to play a pivotal role in shaping the future of healthcare. He urged academia to shift its focus from research-driven solely by academic interests to practical applications that address real-world healthcare challenges. As for investors, he emphasised the importance of addressing population-level issues rather than concentrating solely on niche areas.
As global populations continue to age, addressing the healthcare requirements of an ageing demographic has become increasingly critical. Prof Lawrence drew attention to the example of Singapore, which has successfully implemented technology to support its elderly population. He encouraged startups and investors to explore this growing market segment and develop innovations tailored to the unique needs of older individuals.
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In line with the national e-commerce development plan, the Ministry of Industry and Trade (MoIT) has established ambitious objectives for non-cash payments in e-commerce activities. The ministry announced that by 2025, it aims to boost the cashless payment ratio in e-commerce by 50%, particularly focusing on e-payments facilitated by payment intermediaries or apps.
Another target is raising the ratio of payments carried out through payment intermediary service providers to 80% of non-cash payments in e-commerce activities by the same year. According to the Centre for Information and Digital Technology (CID) under the MoIT’s E-commerce and Digital Economy Agency (iDEA), the centre has been actively and will continue to be engaged in the implementation of several solutions and the enhancement of infrastructure to encourage non-cash payments. This includes the development of the National E-commerce Payment System, Keypay.
Furthermore, it will research and develop a safe, secure payment system for e-commerce activities based on the commercial arbitration (ESCROW) approach. This aims to safeguard the interests of both consumers and sellers involved in non-cash payment transactions. Anticipated trends include an increase in the proportion of e-payments via the ESCROW system and a corresponding decrease in the usage of cash-on-delivery (COD) payments.
Additionally, there will be a focus on enhancing reliability to foster more secure transactions, establishing a clear legal foundation to resolve disputes, and ensuring the protection of the interests of both buyers and sellers.
The centre noted that a substantial portion of non-cash payment transactions presently consists of transactions conducted without the involvement of intermediary payment service providers, including methods such as bank transfers, cash deposits at service counters, and postal money transfers. This poses potential risks for consumers during transactions because when the goods or services fail to meet requirements, sellers may not accept returns, and consumers may also be unable to complain or be protected in such transactions.
The primary factors that contribute to this situation are the continued use of cash by consumers, the low trust that consumers place in the e-payment infrastructure that supports e-commerce activities, and the absence of consistent and coherent measures aimed at protecting the interests of consumers and sellers in non-cash payment transactions.
For the past few years, the government’s objective has been to boost the use of digital payments within the nation through initiatives like the National Digital Transformation Programme and the State Bank of Vietnam’s (SBV) strategy for the banking sector.
Last month, to extend modern digital payment solutions to rural and remote areas of the country, the National Payment Corporation of Vietnam (NAPAS) and the Vietnam Bank for Social Policies (VBSP) introduced the NAPAS 247 Quick Transfer and NAPAS 247 Quick Transfer via VietQR Code, available through the bank’s mobile banking app, VBSP Smartbanking.
As OpenGov Asia reported, with the VBSP Smartbanking app, customers can make swift transfers between their VBSP accounts and 45 NAPAS member banks and vice versa. The app also enables users to generate personalised QR codes to receive funds and scan QR codes from other banks for easy money transfers. The user-friendly interface empowers clients to conduct seamless transactions, offering a convenient, fast, and safe payment experience. The project holds significant importance in promoting the advancement of cashless payment systems in Vietnam as VBSP’s branches and customers span all 63 provinces and cities in the country.