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Singapore Backs G20 Digital Entrepreneurs’ Database

Minister for Communications and Information Josephine Teo represented Singapore at the recently held G20 Digital Economy Ministers’ Meeting in Bali, Indonesia. She also attended the launch of the Digital Innovation Network (DIN), organised by the Indonesian Presidency, which brings together start-ups, venture capital firms (VCs) and governments in showcasing digital innovations and aims to develop a G20 database of digital entrepreneurs.

As part of the Singapore delegation, several start-ups and VCs from the nation also attended the DIN. The Minister showed a shared commitment to navigating the post-pandemic recovery through a digital transformation during the G20 Digital Ministers’ Meeting.

“Going digital had helped many of our SMEs deal with disruptions in supply chains and manpower shortages during the pandemic, and the challenge now is to keep up this momentum of digital transformation, amidst many other pressing demands,” says Minister Josephine. She has discussed some of Singapore’s initiatives for using digitalization as an engine for development.

To establish a strong and resilient communications network to support business and innovation, the country has consistently invested in digital infrastructure. Singapore will be the first nation in the world to extend public 5G standalone coverage to the sea to promote innovation and real-time data exchanges in the marine sector. Singapore is on target to achieve statewide 5G standalone outdoor coverage by 2025 or sooner.

To enable SMEs to immediately integrate into the digital ecosystem, the country has supported them and created a core set of digital utilities that businesses may utilise, such as e-invoicing and e-payments.

Additionally, the nation has promoted the development of an open and inclusive network of international alliances to open new economic prospects, including by developing the first Digital Economy Agreements (DEAs) to ease digital trade with its partners.

Data is a resource that supports the global digital economy, especially when data flows across borders in terms of data governance and cross-border data flow. It promotes creativity and increases efficiency. To minimise risks and potential harm to citizens and society, it is also necessary to make sure that there are strong data governance norms in place.

Depending on the various systems of administration and societal beliefs, each nation will need to strike its own special balance between these opposing goals. However, even though their data protection or privacy laws may differ, it is crucial that efforts be made to improve system interoperability to create a network that is open to all users and prevent fragmentation between nations and regions.

Additionally, Singapore has been working with partners throughout the world to help transition talks from general concepts to concrete action: The Cross-Border Privacy Rules (CBPR) system, the ASEAN Data Management Framework (DMF) and other useful tools that permit system interoperability and the safe and secure flow of data were developed and promoted.

The Nationwide Digital Trust Centre is a national initiative to concentrate on important trust technology issues. They are also looking into how Privacy Enhancing Technologies, or PETs, might help firms use data more effectively without disclosing sensitive personal information. For example, the country has just created a PET sandbox, with the intention that the lessons learned would contribute to the development of a more trusted and innovative data ecosystem.

Minister Josephine met with counterparts from Cambodia, India, Indonesia, Japan, the Netherlands, and South Africa. The Minister underlined Singapore’s commitment to digital cooperation with her counterparts during these bilateral discussions, and they addressed new areas of engagement such as data and AI governance, digital government, cybersecurity, and combating phishing and spoofing schemes.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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