February 23, 2024

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Strengthening Digital Capabilities for Innovation in Singapore

Amid Singapore’s first priority to strengthen its digital capabilities, about S$200 million will be set aside over the next few years to enhance schemes that build such capabilities among firms and workers. This focus comes as Singapore has a window of opportunity over the next few years to establish leading positions in key market segments.

Singapore will accelerate investments in new capabilities to power the next stage of growth. Singapore is one of the most connected cities in the world, and among the first to roll out a 5G standalone network. The country will invest further to meet its future needs. Singapore will upgrade its broadband infrastructure to increase broadband access speeds by around ten times over the next few years.

The government will also invest in future technologies like 6G, to ride the next communications and connectivity wave. The use cases for such high speeds are still nascent, but there are many new possibilities for augmented and virtual reality tools, limited only by our imagination.

The S$200 million sums will go partly towards enhancing initiatives such as the Advanced Digital Solutions scheme, which helps firms adopt cutting-edge digital solutions such as in robotics. It will also go towards expanding the Grow Digital scheme, which helps businesses access overseas markets digitally. This will come on top of infrastructure investments in broadband infrastructure and future technologies such as 6G.

Finance Minister Lawrence Wong also stressed the importance of research and development in innovation, but Singapore’s total business expenditure on R&D lags other economies. He also noted that most of this R&D is currently driven by multi-national companies. Local enterprises, which comprise about 80 per cent of all firms, account for only about a quarter of total business R&D expenditure.

To help local firms undertake R&D, the capacity of centres that provide research and innovation support to Small- and Medium-sized Enterprises (SMEs) will also be increased. There are currently more than 80 such centres across polytechnics and Institutes of Technical Education, which work closely with SMEs to undertake industry projects – often leading to innovations.

To further support such collaborations, these centres’ capacities will be increased such that they will be able to undertake close to 2,000 innovation projects across five pilot sectors over the next five years. These sectors are: Agri-tech, construction, food manufacturing, precision engineering and retail. This amounts to an eight-fold increase in the number of innovation projects undertaken in these sectors.

For the broad base of SMEs, Mr Wong said the priority is to raise their productivity. These firms currently make use of the Productivity Solutions Grant (PSG) to adopt digital and automation solutions. To push for a greater take up of productivity solutions by SMEs, S$600 million will be set aside to expand the range of solutions available under the PSG. In addition, a new initiative – Singapore Global Enterprises – will give larger local enterprises more customised assistance to scale up in overseas markets.

As reported by OpenGov Asia, The Digital Government Exchange (DGX) allows senior leaders from digital governments to discuss relevant issues related to digitalisation. Organised and hosted by the Smart Nation and Digital Government Group Singapore, DGX is a one-of-its-kind international platform that has developed a community of like-minded leaders, facilitating information exchange, sharing of experiences, mutual learning, and exploration of potential areas for international collaboration and cooperation.

The platform also features technical Working Groups (WGs) where countries and cities deep dive into specific subject matters pertinent to governments’ drive for digitalisation. Designed with the intent of providing an open conversation yearly, the DGX WGs bring together international experts in their respective fields to conduct in-depth analysis. The 2021 edition saw representatives share experiences and opportunities on the topics of Cloud, Digital identity, Data governance, and Digital maturity.

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.

PARTNER

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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