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According to a recent press release, it was announced that the Universiti Teknologi Malaysia (UTM) team won 2nd Runner-up in the national UniMAKER MAKEATHON Challenge competition, winning RM20,000 worth of cash prizes, trophy and certificates, listed alongside other astounding winners from USM.
They bagged the win with their project entitled ‘Precision Farming with Deep Learning and IoT’ (Top winner, RM80,000) and ‘Making Malaysian Roads Safe Again’ (1st Runner-up, RM50,000).
The event was held in November 2018, at Damansara City Mall (DCM) Concourse Area & Hong Leong Tower Auditorium.
It was aimed at bringing up the aspiration of stimulating collaborative synergy amongst creative thinkers and innovators of various backgrounds of expertise from 32 participating universities, more than 1,000 high quality and innovative entries that promote the innovative solution of encountered problems from various field of market.
Organized by the Ministry of Education, Malaysia, the highlighted 4th Industrial Revolution (4IR) theme thrived the objective of synergizing physical, digital and biological applications through the participation and nurturing a new and sustainable “Makers” movement in Malaysia.
Three students from the UTM School of Mechanical Engineering, Faculty of Engineering, were mentored by a group of business specialist from the UTM Centre for Student Innovation & Technology Entrepreneurship (UTM XCITE).
They research had much synergy with another product, the ‘Automated Guided Fish Trap (Bubu)’ invented by a researcher from the same school and faculty. This product is said to alleviate fishing activities within the coastal areas of less than 8 nautical miles.
Currently undergoing the final prototype development stage under the Prototype Development Fund Program facilitated by the Innovation and Commercialization Centre (ICC), their invention aims to be another commercially viable research product for the country.
Around the same time, UTM (in collaboration with UMW Holdings Berhad) organised a conference on AI and a summit, according to another press release.
The International Conference on Artificial Intelligence and Robotics for Industrial Applications 2018 (AIR2018) and The HPC, Grid, Cloud & Identity Summit (HGCI) were held in Putrajaya later in November.
The conference was officiated by the Minister of Energy, Science, Technology, Environment & Climate Change (MESTECC), YB Yeo Bee Yin.
In the opening ceremony, the YB Minister also delivered a keynote address entitled “The Economic Renaissance Led by Robotics, A.I. and IoT” in front of more than 200 conference participants comprising academia and industry.
The AIR and HGCI 2018 conferences, themed “Industry-University Synergy Towards Industry 4.0”, it marked an inaugural collaboration for such an event between academia and industry.
The aims of the conference are to strengthen the cooperation between universities and industries, as well as to promote efforts to drive the nation towards the development of smart manufacturing sector to align with Industrial Revolution 4.0.
As such, the conference featured local and international keynote and plenary speakers of various backgrounds. The platinum sponsor brought the Chief Solutions Architect from a major media tech company in Singapore to deliver the conference’s second keynote address which focused on A.I. and Deep Learning Technology.
The Chair of the conference, professor at the Center for Artificial Intelligence & Robotics (CAIRO, UTM) deeply appreciated the Ministry of Energy, Science, Technology, Environment & Climate Change (MESTECC) for their continuous support towards the AIR 2018 conference, which epitomises the synergy and collaborative efforts among universities and industries.
It is hoped that efforts like these will continue to attract more industries to collaborating with universities to support the country towards realising Industrial Revolution 4.0 and result in even more wins like the ones reported above.


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At the third edition of ‘My Digital Bootcamp,’ 1,500 students from low-income families in the Central Singapore District will learn new digital skills. The districtwide programme will help to level the playing field for children from low-income families who may not have access to extracurricular activities.
This is part of the Central Singapore Community Development Council’s (CDC) SkillsFuture Junior programme, which seeks to support its young residents with digital and soft skills to prepare them for a better future.
Students will go through four modular skills-based workshops at each two-day Bootcamp held from March to December 2023 to learn advanced digital-making skills in a fun and engaging manner such as programming, robotics, mobile app development, and game design.
A time traveller visiting ancient civilisations or an Earth hero resolving a climate crisis are the two new immersive narratives that participants can select from. They will also be exposed to complementary soft skills such as logical reasoning, pattern recognition, algorithm design, relationship management, and communication skills, among others, during the Bootcamp.
‘My Digital Bootcamp’ will provide structured learning support to the young participants in order to encourage learning beyond the workshops. Each child will receive a special home-based learning (HBL) digital-making kit, which includes a micro: bit pocket-sized computer, a KittenBot expansion board, an ultrasonic sensor, and other resource materials, as well as a learning management system, to allow them to continue learning and practising what they have learned at the Bootcamp.
At the end of this season, a brand-new Hackathon component will be held in which young learners will be empowered to solve real-life scenario-based challenges in friendly competitions that will underpin holistic learning. There will be 300 people at the Hackathon. Some will be students from the Bootcamps, and some will be new students.
Participants in the two-day Hackathon challenge will participate in digital-making skill workshops or refreshers, preparatory workshops, competitions, and presentations. They will investigate skillsets and develop competencies in soft skills other than those taught in the Bootcamp, such as idea pitching, design thinking, and ideation, which will help them build a strong foundation for the future economy.
The long-standing partnership between Central Singapore CDC and a multinational banking corporation made ‘My Digital Bootcamp’ possible. Since its inception in September 2019, the programme has benefited over 2,000 children from 34 schools and community organisations in Central Singapore. Over 30 employee volunteers also befriended the students, distributed participation kits and meals, and assisted in guiding the students’ learning.
In addition, the Infocomm Media Development Authority’s (IMDA) Digital for Life (DfL) Movement has been named Champion Project at the prestigious World Summit on Information Society (WSIS) Prize Ceremony 2023, which is organised by the International Telecommunication Union (ITU) under the auspices of the United Nations (UN).
The DfL movement was named a WSIS Prizes 2023 Champion in the category “the role of governments and all stakeholders in promoting ICTs for development.” This award came after WSIS received nominations for 900 projects from around the world in 18 categories, reviewed them with experts, and received over 1.5 million online votes.
The World Summit on the Information Society (WSIS) Prizes recognise projects that use information and communication technologies (ICT) to advance the UN’s Sustainable Development Goals.
To date, the DfL movement has more than 130 partners and 140 projects, benefiting over 270,000 Singaporeans from various segments such as youths, seniors, low-income families, women, and people with disabilities.
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Researchers at the Massachusetts Institute of Technology (MIT) have developed an inexpensive air sensor calibration that uses Machine Learning techniques to improve the accuracy of measuring air pollution. With the release of a cheap mobile air pollution detector, the general population can contribute significantly to monitoring air quality.
According to the WHO, air pollution causes over 4 million yearly fatalities. It is a severe issue for public health, yet it isn’t often monitored closely. To enlist more individuals in the cause, the researchers at MIT develop the Flatburn detector.
“We want groups of concerned people or individuals all over the world to be able to evaluate their own levels of air pollution, pinpoint its causes, and work in concert with government agencies and other relevant parties to improve the quality of the air,” said Carlo Ratti, head of MIT’s Senseable City Lab.
The Flatburn gadget is a component of the City Scanner initiative, which use mobile technology to get insight into urban life. According to Fabio Duarte, chief research scientist of Senseable City Lab, the original idea and remains the project’s goal was to democratise environmental data. ” We’d like everyone to be able to evaluate information and interact with citizens and officials,” he underlined.
The open-source detector may be 3D-printed or assembled from low-cost components. Now that it has been thoroughly tried and tested compared to existing state-of-the-art machines, the researchers are making all their findings public, including instructions on constructing the device, running the programme, and deciphering the results.
Simone Mora, a research scientist at Senseable City Lab and co-author of a newly published paper detailing the scanner’s testing process explained that they have been doing several pilots around the world.
“We have since refined a set of prototypes, with hardware, software, and rules, to make sure the data we gain are robust from an ecological science point of view,” he elaborated.
Around 2017, MIT researchers began prototyping a mobile pollution detector, first intended for use on garbage trucks in Cambridge, Massachusetts. The sensors may be charged via USB or solar panel, and they retain data on an internal memory card that can be accessed through the internet.
The latest research phase has been putting the devices through their paces in New York City and Greater Boston, comparing them against established pollution detection infrastructure to determine their efficacy. For four weeks in 2021, researchers in New York employed five detectors to capture 1.6 million data points, which they compared with input from state officials. The group used mobile sensors in Boston, comparing the performance of the Flatburn devices to that of a state-of-the-art system by Tufts University and a state agency.
Both nitrogen dioxide and acceptable particulate matter concentrations were measured over a 10-meter radius using identical detectors. Often connected with combustion processes like those seen in power plants, internal combustion engines in automobiles, and fires, “fine matter” refers to tiny particles.
The research team’s development found that Flatburn devices can produce reliable results. Lower concentrations of fine particulate matter can be detected and estimated with mobile detectors than the devices currently in use. But it only happened with a strong enough correlation, with adjustments for weather conditions and other factors.
However, the study did show that the devices will have a six-month functioning life if used in a mobile situation, such as atop vehicles. However, they also found some problems that users of Flatburn detectors can encounter. Among these are “drift,” the slow but steady change in the detector’s readings over time, and “ageing,” or the more fundamental decline in a unit’s physical state.
Researchers are confident that the devices will perform well, so they’ve released Flatburn as an open-source utility with detailed instructions. It includes advice on analysing the data alongside government representatives and locals to influence policy.
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Over the coming years, Singapore is poised to witness significant transformations in digital financial services, particularly in three key domains: the emergence of Web 3 and decentralised finance, the widespread integration of artificial intelligence (AI) and the implementation of machine learning (ML) technology.
Prioritising strong governance and compliance should be at the top of the Banking, Financial Services, and Insurance (BFSI) sector’s list of objectives. Adherence to regulations, following rules and taking responsibility can greatly enhance services, ensure safety, and enhance the client experience.
Employing a centralised data protection solution enables consumers to track and verify if and how their data is being protected data across various workloads. When clients have the ability to do so, they can be confident that their data is being adequately safeguarded. Moreover, this can ensure that recovery time objectives and IT audit compliances are met.
Combatting threats such as malware and ransomware, along with ensuring overall cybersecurity, requires a strategic approach across multiple levels. This includes actively monitoring for potential issues and regularly backing up data. Storing immutable copies of data in a secure location can prevent malware from encrypting them.
In addition, data intended for recovery should undergo scanning and cleaning by the organisation’s anti-virus solution to ensure that any potentially harmful data, also known as “dirty” data, is not inadvertently reintroduced into production systems.
Ensuring seamless operations while mitigating the risks of ransomware and other cyber-attacks can be challenging. However, modern data protection solutions have demonstrated their ability to reduce costs, enhance automation, enhance human capabilities and identify innovative ways to reuse data to generate new value.
The OpenGovBreakfast Insight on 22 March 2023 held at the Voco Orchard Singapore aimed to share insights and practical solutions to empower organisations to maximise data capability through cost-effective, secure and automated data-driven processes that adhere with current data regulations and comply with the standards of Singapore’s Banking, Financial Services and Insurance industry.
Opening Remarks



Kicking off the session, Mohit Sagar, CEO & Editor-in-Chief, explains that financial data management is a set of processes and policies, usually helped by specialised software. This approach enables an organisation to merge its financial data, adhere to accounting regulations and legal requirements, and generate comprehensive financial reports.
The regulatory body responsible for overseeing Singapore’s financial institutions and establishing guidelines for data management and protection is the Monetary Authority of Singapore (MAS). According to its regulations, financial institutions are required to implement robust policies and procedures for managing data, including appropriate classification, handling and protection.
“ Financial institutions must ensure that adequate security measures are in place to mitigate the risks of data breaches and cyber threats. This could include implementing strong encryption protocols, regularly testing systems for vulnerabilities, maintaining up-to-date software and hardware and training on cybersecurity best practices,” Mohit emphasises.
The Personal Data Protection Commission (PDPC) serves as the data protection authority in Singapore, responsible for enforcing compliance with the Personal Data Protection Act (PDPA). The Act sets a baseline level of data protection that must be followed by all sectors operating in Singapore.
Additionally, the PDPA also mandates that organisations obtain individuals’ consent before collecting, using, or disclosing their personal data.
Additionally, the PDPA also mandates that organisations obtain individuals’ consent before collecting, using, or sharing their personal information. The PDPC is empowered to investigate any breaches of the PDPA and impose penalties for non-compliance.
Data recovery refers to the process of getting lost, deleted, corrupted or inaccessible data back from storage media like hard disk drives, solid-state drives, USB drives, or other types of data storage devices. Several companies in Singapore offer data recovery services that specialise in getting data back from different types of storage media used by financial institutions.
“It’s important to remember that data recovery services can be expensive, and it’s always best to have a full data backup and disaster recovery plan in place to minimise the risk of losing data,” is Mohit’s caveat. “Establishing a robust backup and recovery system can help avoid the need for expensive data recovery services and ensure business continuity in the event of a data loss incident.”
The protection of sensitive financial data from unauthorised access, theft and cyberattacks is a top priority for Singapore’s financial institutions. To achieve this, they employ a range of security measures, including encryption, access controls, firewalls, regular updates and patches, employee training and awareness programs, penetration testing, and incident response planning.
These safeguards work together to create a comprehensive data security framework that helps to prevent data breaches and protect the integrity and confidentiality of financial data.
“Under the PDPA, financial institutions must obtain the consent of individuals before collecting, using, or disclosing their personal information,” Mohit reiterates. “But while this is the norm, there are exceptions to this rule.”
Concessions are allowed under certain circumstances, such as legal obligations or the prevention of criminal activity. As an example, financial institutions may disclose personal information to law enforcement agencies to comply with legal requirements or to prevent potential criminal activity.
Mohit understands that risk mitigation is a crucial component of risk management in Singapore’s financial sector, and financial institutions employ a range of strategies and tools to identify, evaluate and reduce the risks they face.
Diversification, risk transfer, risk avoidance, risk monitoring and reporting, contingency planning, and strong governance and compliance frameworks are examples of risk mitigation strategies utilised by financial institutions in Singapore.
Financial institutions consider the development of a data exit strategy and recovery plan as an essential part of their risk management. The process involves identifying crucial data, anticipating exit scenarios, creating a recovery plan, establishing data backup procedures, testing the recovery plan, and maintaining the plan by updating, reviewing, and monitoring it regularly.
Financial institutions consider the development of a data exit strategy and recovery plan a crucial aspect of risk management. This involves identifying critical data, establishing data backup procedures, determining exit scenarios, creating a recovery plan, testing the recovery plan, updating the recovery plan, reviewing and monitoring, and so on.
“By adhering to these steps, financial institutions can establish a robust data exit strategy and recovery plan that ensures the protection and recovery of vital data in the event of a data breach or system failure,” Mohit ends.
Welcome Address



According to Raymond Goh, Veeam’s Vice President of Sales Engineering for APJ, the banking, financial services and insurance (BFSI) industry has experienced significant changes over time and has had to contend with various challenges such as regulatory compliance, cybersecurity threats, and the need to innovate to stay competitive.
The pandemic has accelerated the industry’s digital transformation, resulting in a greater demand for digital banking services. However, it has also introduced new challenges, such as physical branch disruptions and an increased risk of cyberattacks.
“Despite the challenges, the industry can provide value to its customers by leveraging new technologies and innovative strategies.” Raymond is convinced “To effectively manage risks, BFSI institutions must continue to invest in digital infrastructure, cybersecurity measures, and advanced analytics.”
The FSI journey from 1866 to the present has been remarkable; from brick-and-mortar establishments to the current digitised systems, payment apps, digital wallets, contactless payments, crowdfunding platforms, and many others.
Financial systems can be affected by various disruptions, including funding and liquidity issues, asset price declines, contagion effects and heightened credit risk. The impact of a crisis on the financial sector is largely determined by the sector’s ability to mitigate four risks: market risks, liquidity risks, credit risks, and earnings risks.
“The rise of FinTech and non-bank startups are altering the competitive landscape in financial services, forcing traditional institutions to reconsider their business practices,” Raymond reiterates. “Old school processes and legacy systems are no longer relevant in the digital world, and indeed, can be a hindrance.”
Financial institutions must foster an innovative culture that promotes innovation and utilises technology to streamline existing processes and procedures for optimal efficiency. This cultural shift towards a technology-centric mindset mirrors the broader industry acceptance of digital transformation.
Raymond recognises that today’s consumers are more knowledgeable, sophisticated and informed than ever, and they demand a high degree of customization, personalisation and convenience from their banking services.
It is predicted that future generations, starting with Generation Z, will have an even greater preference for omnichannel banking and be more technologically savvy than Millennials.
Organisations using obsolete business management software or siloed systems will be unable to compete in this increasingly digital-first environment. Without a solid, futuristic technological foundation, businesses will miss out on crucial business evolution.
“In other words, digital transformation is no longer merely a good idea, but a necessity for survival,” Raymond states.
Financial service organisations that use cutting-edge business technology, particularly cloud applications, have a significant advantage in the digital transformation race as they can innovate more quickly. The agility and scalability of cloud technology are its strengths. Without the constraints of system hardware, cloud technology allows systems to evolve in tandem with the business.
Raymond agrees that banking is being reshaped as regulations tighten and consumers adopt new technologies and demand 24/7 access to their most sensitive data, regardless of device.
As a result of a string of high-profile breaches in recent years, security is one of the leading challenges facing the banking industry and a major concern for bank and credit union customers. Financial institutions must invest in the most advanced technologically driven security measures, such as Authentication, End-to-End Encryption (E2EE) and Address Verification Services (AVS), to protect customers.
Financial services are increasingly confronted with issues related to auditing as the frequency of data breaches and privacy concerns continue to increase. This has led to more stringent regulatory and compliance requirements.
Compliance with financial data protection standards is subject to strict regulations and audits entail some of the most rigorous requirements in modern business, often involving the need to manage highly complex IT infrastructures.
Adhering to and conducting annual disaster recovery (DR) testing regularly can be both expensive and resource-intensive.
From a financial standpoint, any amount of downtime is unacceptable, and banks may face significant penalties for revealing confidential information. The centralisation of remote or branch offices (ROBO) can exhaust an organisation’s resources and bandwidth.
Businesses around the world were heavily impacted by the pandemic, causing considerable disruption and presenting numerous challenges. These challenges demand innovation, the necessity for enhanced employee engagement, rapid market changes and quality improvement.
In this scenario, FinTech and its underpinning technology will be major disruptors. Blockchain will shake things up; digital will become mainstream; customer intelligence will be the most significant predictor of revenue growth and profitability; the public cloud will become the dominant infrastructure model; and regulators will also turn to technology.
The common theme among these is resilience, trust and data agility.
Over the last two years, the Financial Services Industry has placed significant importance on specific issues. Some key initiatives are modernising the IT operating model to adapt to the new normal, simplifying legacy systems to decrease costs, enhancing the technological capabilities to better understand customer requirements, preparing the architecture to facilitate connections with any device or location and prioritising cybersecurity measures.
FSI organisations face distinct challenges due to their strong customer relationships, financial accountability and regulatory oversight. These challenges include effectively managing regulatory and capital costs, improving operations and customer experiences to meet modern standards, safeguarding against cyber threats and ransomware attacks and ensuring data and privacy security.
According to Raymond, Veeam plays a major role in addressing all these areas and can offer unique solutions to the various opportunities and challenges that FSI organisations may encounter. Veeam’s solutions encompass streamlining and automating operations, facilitating cloud migration and modern application development, ensuring data immutability, and effectively managing privacy, risk, and compliance.
“By embracing digital transformation, utilising big data analytics, forming strategic partnerships, having strong compliance and cybersecurity frameworks and investing in talent development programmes, FSI organisations can take advantage of opportunities and address challenges,” Raymond believes.
End-user Insight



Luis C Cruz, Executive Director, Head of Automation, Infrastructure for DBS Big Data, AI and Analytics, DBS Bank Ltd is convinced that by aligning IT initiatives with the company’s overall business objectives, a comprehensive IT strategy can help businesses deliver long-term shareholder value.
“This strategy entails identifying the company’s current and future technology requirements, evaluating potential technology solutions, and developing a plan for implementing those solutions,” Luis explains.
By doing so, the company can ensure that its IT investments support business growth and profitability while reducing costs and boosting efficiency. In addition, a comprehensive IT strategy can help the business gain a competitive advantage by leveraging emerging technologies and optimising the IT infrastructure.
A comprehensive IT strategy can generate long-term shareholder value by enabling organisations to make informed decisions about technology investments and leverage technology to achieve business goals.
A robust IT strategy:
- Aligns with organisation goals and governance
- Adapts to the marketplace and changes how our employees work
- Is focused and consistent
- Honestly identify challenges
- Would be authentic, clear and understood
- Is memorable with a compelling tagline and value proposition
- Has to be actionable towards a goal
- Shows where to play and how to win
Providing foundational infrastructure capabilities that support business objectives and delivering applications and solutions to aid employees in achieving their desired business outcomes are examples of company strategies that are enabled by IT.
“The concept of SMAC or Social, Mobile, Analytics and Cloud stack, is an example of a technology strategy that is widely used throughout the industry and by IT leaders,” Luis reveals. “It all comes down to the customer experience.”
Determining the optimal approach, timing and speed (the how, when and pace) of SMAC implementation is crucial as it forms the basis for leveraging big data in corporations. As IT leaders, Luis anticipates the need to stay up-to-date on SMAC trends and implications relevant to their roles. A perfect example of a company that effectively leverages SMAC-stack infrastructure is an online streaming service provider website.
To generate sustainable shareholder value, businesses must cultivate strategic and functional IT competencies, enhance tools that improve the IT function and promote a customer-centric culture. These efforts will fortify the organisation’s internal processes and enable the development of an efficient decision support system, as well as the delivery of transformational applications.
In addition to benefiting the company, these efforts will also benefit customers by enabling enterprises to provide consistent, high-quality IT services and innovative IT solutions to business units. This will allow organisations to optimise IT efficiency and enhance its impact on enterprise outcomes, ultimately driving long-term investor value.
“IT strategy is influenced by several internal and external factors,” ends Luis. “And understanding these is critical for developing a successful IT strategy that aligns with the organisation’s overall goals and objectives.”
Closing Remarks
Raymond acknowledges the significance of data backup as a critical aspect of maintaining data resilience and availability but emphasises that it is only one aspect of a comprehensive strategy.
Data backup is a single component of ensuring data availability and resilience in hybrid cloud environments. In addition to backup solutions, it’s essential to consider other factors that can affect data resiliency and availability, such as infrastructure and data proximity, Raymond opines.
“Data proximity, the physical location of data in relation to its applications, is a crucial factor to consider when designing hybrid cloud environments. These factors must be taken into account to ensure that hybrid cloud environments are designed optimally to meet the needs of applications and data requirements.”
By adopting solutions such as edge computing or hybrid cloud architectures, organisations can ensure data proximity. These solutions enable data to be stored and processed closer to where it is required, which can improve application performance and ensure data resiliency and availability.
This involves ensuring that there are adequate computing, storage, and networking resources available to support the workload, as well as having a highly available and resilient infrastructure to mitigate the risk of outages.
“Veeam provides data resiliency through secure backup and fast, dependable recovery solutions for the hybrid cloud of the organisation,” Raymond explains. “Our solutions are intended to safeguard critical data and applications, prevent data loss and enable rapid and dependable recovery in the event of a disaster or outage.”
Veeam offers solutions designed to help organisations achieve their business continuity and disaster recovery goals by ensuring data resiliency and availability in their hybrid cloud environments.
Mohit concurs that with the increasing volume of data being produced and stored every day, data protection has become increasingly crucial. Businesses are adopting techniques that allow for data restoration in the event of loss or corruption.
“As organisations continue to produce and store more data, it is becoming increasingly difficult to ensure the security and protection of that data,” Mohit observes.
In this VUCA landscape, technology can provide significant benefits to organisations in protecting their data. Implementing technological solutions helps businesses to secure their data from loss, theft and unauthorised access. It also ensures quick data restoration in emergency or outage situations.
“In essence, the purpose of technology partnerships is to assist businesses in implementing and improving their technical systems,” Mohit believes. “There is no doubt: collaboration in technology promotes growth, eases processes and reduces timelines.”
Two heads are better than one when it comes to implementing established technology systems. But while a technology partnership can effectively deliver technical expertise, it is important not to underestimate the value business acumen offers in return.
“Ultimately, collaborating and pooling resources can prove to be a highly effective approach in propelling both parties towards progress and innovative solutions,” Mohit concludes.
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Singapura memiliki peran kuat dalam perkembangan finansial di Asia. Otoritas Keuangan Singapura (Monetary Authority of Singapore/ MAS) memperkirakan sektor ini akan tumbuh 4%-5% pertahun pada 2021-2025 dan rata-rata membuka 3-4 ribu lapangan pekerjaan baru tiap tahun. Untuk itu, Kemenkeu Singapura mengeluarkan Peta Transformasi Industri Finansial (Industry Transformation Map/ ITM) 2025 pada September 2022, agar industri finansial Singapura menjadi yang terdepan.
Namun, di balik angka pertumbuhan yang menarik itu, ancaman keamanan siber di Singapura pun kian meningkat. Berdasarkan laporan Badan Keamanan Siber Singapura (Cyber Security Agency of Singapore/CSA) pada Agustus 2022, ransomware, phising, command and control server, dan kejahatan siber meningkat di Kota Singa ini.
Keamanan siber menjadi hal yang tak bisa ditawar bagi perusahaan perbankan, finansial, dan asuransi. Sebab, aset data yang mereka kelola dan kepercayaan pelanggan merupakan urat nadi perusahaan agar bisa terus hidup dan bertumbuh. Sekali terjadi, insiden keamanan siber akan menodai reputasi perusahaan dan menjauhkan mereka dari sumber utama penggerak bisnis: kepercayaan pelanggan.
Serangan ransomware diperkirakan akan makin meningkat di tahun mendatang. Data Veeam menunjukkan 50% perusahaan menjadi lumpuh akibat serangan ransomware, sebanyak 76% perusahaan setidaknya terkena sekali serangan ransomware, dan 38% perusahaan tidak bisa mengembalikan data yang terkena serangan ransomware.
Untuk itu, membangun benteng yang cerdas untuk memerangi ancaman seperti malware, ransomware, dan kejahatan siber lain menjadi sangat krusial bagi berbagai bisnis. Sebuah solusi keamanan data terpusat bisa menjadi jawaban untuk memastikan keamanan siber terpantau secara keseluruhan.
Perusahaan bisa mencegah potensi serangan siber seperti ransomware dengan melakukan pencadangan data secara teratur. Untuk menambah lapisan keamanan, salinan ini bisa dilengkapi dengan replikasi dan foto. Proses klasifikasi data yang harus disimpan sesuai dengan prioritasnya juga diperlukan sebagai langkah mitigasi ancaman siber. Langkah mitigasi selanjutnya adalah memindahkan salinan data ke lokasi penyimpanan yang lebih aman untuk mencegah dokumen itu terenkripsi oleh malware. Dengan demikian, data tetap tersedia meski sistem kehilangan pasokan listrik, serangan siber, atau insiden lain.
Solusi keamanan siber terpusat diperlukan untuk memberi kemudahan bagi pengawas untuk melacak dan memverifikasi apa dan bagaimana perlindungan data di berbagai lini. Solusi yang bisa dapat memberikan peringatan jika terjadi indikasi penyusupan ransomware atau serangan lain ke sistem juga amat dibutuhkan. Pengawasan terpusat pun menambah keyakinan bahwa data telah terlindung secara maksimal, meringankan pekerjaan dengan bantuan automasi, kecerdasan buatan, kemampuan mengolah ulang data untuk mendapat insight baru, dan mengurangi biaya operasional.
OpenGov Breakfast Insight akan berbagi wawasan dan solusi praktis mengenai automasi dan arsitektur aplikasi. Acara yang diselenggarakan pada 22 Maret 2023 di Voco Orchard Singapura akan meningkatkan kemampuan proteksi data Industri Perbankan, Jasa Keuangan dan Asuransi (BFSI) Singapura.
Pembuka



Entitas bisnis privat perlu memiliki strategi pemulihan terhadap serangan siber, kegagalan sistem, atau bencana alam. Perusahaan perlu menyiapkan beberapa hal terkait rencana pemulihan, mulai dari identifikasi data yang perlu dilindungi, prosedur pencadangan data, rencana memulihkan data penting, serta pengujian, pembaruan dan audit atas rencana pemulihan data.
Pencadangan dan pemulihan data perlu dilakukan karena kelalaian menjaga data pelanggan bisa berimbas pada mahalnya biaya pemulihan, denda, dan mencoreng reputasi perusahaan ketika terjadi bencana.
Karena itu, sangat disarankan bagi perusahaan untuk memiliki cadangan data yang komprehensif dan rencana pemulihan bencana untuk meminimalkan risiko kehilangan data.
“Rencana pemulihan harus menjadi salah satu pertimbangan utama, sebab ini yang akan menjadi penyelamat ketika terjadi serangan,” jelas Mohit Sagar, CEO dan Pemimpin Redaksi, OpenGov Asia.
Selain itu, mereka pun mesti taat pada aturan yang ditetapkan pemerintah untuk menjaga berbagai kemungkinan kegagalan sistem layanan finansial. Dari sisi pemerintah, mereka menetapkan regulasi bagi lembaga keuangan, perbankan dan asuransi.
Aturan Pedoman MAS mensyaratkan lembaga keuangan untuk memiliki kebijakan dan prosedur manajemen data yang kuat.
Lembaga keuangan diharuskan melakukan klasifikasi, penanganan, dan perlindungan dan keamanan data yang tepat. Selain itu, Personal Data Protection Commission (PDPC) mensyaratkan organisasi untuk patuh dengan aturan data pribadi (Personal Data Protection Act/ PDPA).
Sambutan



Perubahan masif layanan digital dalam lima hingga sepuluh tahun terakhir telah mengubah proses bisnis dan ekspektasi pada industri finansial. Perusahaan diharapkan bisa memiliki strategi untuk menangani berbagai tantangan digitalisasi, mulai dari privasi, keamanan data, hingga serangan siber harus ditangani.
Raymond Goh, VP Sales Engineering, Veeam APJ menyebutkan empat tantangan utama industri finansial; risiko pasar, likuiditas, kredit, dan pendapatan. Untuk menghadapi tantangan pasar, perusahaan finansial perlu terus melakukan inovasi. Salah satunya adalah lewat automasi untuk efisiensi proses dan tetap memenangkan pasar. Berinvestasi pada automasi membuat perusahaan bisa mengubah pekerjaan, proses, dan prosedur manual.
“Di era digital, tidak ada ruang untuk proses dan sistem manual. Oleh karena itu, penting bagi lembaga keuangan untuk mempromosikan budaya inovasi, di mana teknologi dimanfaatkan untuk efisiensi proses dan prosedur,” tandas Goh.
Perusahaan finansial mesti makin gesit untuk menghadapi tantangan persaingan dari industri fintech yang menjadi pesaing kredit layanan perbankan tradisional. Apalagi konsumen saat ini makin cerdas dan mengharapkan layanan perbankan yang lebih praktis dan terpersonalisasi.
“Selain itu, pasca COVID-19, sejumlah perubahan pada sistem bisnis juga terjadi,” lanjut Goh.
Bertambahnya kecepatan perubahan bisnis menjadi salah satu bagian dari tantangan itu. Bisnis berubah untuk mengikuti ekspektasi pasar yang makin banyak tuntutan. Perusahaan pun diminta untuk terus melakukan inovasi sebagai jurus adaptasi terhadap pasar. Automasi bisa membantu mempercepat proses dengan menggantikan proses yang diolah manusia untuk mempercepat proses dan menghindari human error.
Seiring dengan digitalisasi yang terus menjadi arus utama, inovasi seperti fintech dan blockchain tidak dapat terhindari sebagai persaingan yang harus dihadapi. Untuk memenangkan persaingan, perusahaan finansial dan perbankan mesti memanfaatkan analisis data untuk mengenali pelanggan lebih dalam. Sebab, bisnis yang mampu menebak dengan tepat keinginan pelanggan akan menghasilkan solusi yang meningkatkan pendapatan, mendongkrak pertumbuhan, dan menimbun keuntungan.
Sementara untuk menjaga risiko pendapatan, keamanan siber dan modernisasi jaringan menjadi tantangan berikutnya. Perusahaan finansial merupakan sasaran empuk bagi para penjahat siber. Tidak heran jika tingkat serangan siber makin meningkat dari tahun ke tahun dan industri pun perlu makin waspada dan mempertebal tembok keamanan mereka.
Komputerisasi di perbankan sudah dimulai cukup lama, sehingga tak heran jika sejumlah pemain perbankan terkemuka masih menggunakan aplikasi dan sistem lawas. Namun, sistem kuno ini tidak bisa akan mampu mengimbangi kecepatan dunia digital, sehingga, modernisasi sistem-sistem ini mutlak diperlukan untuk mengimbangi permintaan konsumen dan memajukan bisnis.
Untuk itu, Goh menyampaikan bahwa saat ini organisasi jasa keuangan banyak yang mengalihkan sebagian sistem mereka ke cloud untuk mempercepat proses bisnis. Tentu, keandalan teknologi cloud adalah kelincahan dan fleksibilitas dalam memperbesar atau memperkecil kapasitas sistem yang dibutuhkan (skalabilitas).
Berdasarkan riset yang dilakukan Veeam, sebanyak 50% beban kerja akan dilakukan di komputasi awan (cloud) pada 2023. Sementara 65% perusahaan akan menggunakan layanan komputasi awan untuk strategi perlindungan data mereka.
“Tuntutan lain bagi industri perbankan adalah mesti tersedianya sistem tanpa jeda selama 24 jam, 7 hari seminggu. Tidak ada toleransi untuk downtime dan kebocoran data rahasia bisa menyebabkan sanksi denda yang bisa menghancurkan bisnis perbankan.”
Saat ini, perusahaan tak lagi punya cukup waktu untuk pemulihan data. Jika dulu downtime bisa dilakukan dalam hitungan dua hingga tiga hari, saat ini toleransi terhadap downtime kian menipis. Kegagalan sistem selama 30 menit atau dalam hitungan jam saja akan sangat berpengaruh pada kepuasan pelanggan.
Bank perlu mempersiapkan sistem mitigasi dan cadangan sebaik mungkin untuk data-data paling sensitif mereka. Selain itu, kemampuan sistem untuk mampu memulihkan seluruh data tepat waktu juga menjadi tantangan. Goh menyebut 9 dari 10 pelanggan tidak bisa lolos dari ketentuan ini.
Insight Pengguna



Perusahaan perlu memastikan investasi TI yang dilakukan bisa mendukung bisnis mendulang pendapatan dan profitabilitas bisnis, mengurangi biaya, dan meningkatkan efisiensi. Selain itu, strategi TI dengan memanfaatkan teknologi baru juga membantu bisnis memiliki keunggulan kompetitif.
Untuk itu, Luis C Cruz, Direktur Eksekutif, Kepala Automasi, Infrastrutktur untuk Big Data, AI, dan Analisa DBS, percaya bahwa kemampuan untuk terus belajar menjadi fondasi untuk strategi TI yang komprehensif dan kompetitif.
Pencadangan data saat ini tidak semata digunakan untuk menyiapkan backup semata, tapi sekaligus sebagai bagian dari perlindungan data. Ia menyampaikan konsep “SMAC” (Social, Mobile, Analitic, dan Cloud) sebagai basis penggunaan big data di perusahaan besar.
“Konsep “SMAC” digunakan secara luas di seluruh industri dan oleh para CIO/pimpinan TI untuk melakukan transformasi proses bisnis dan meningkatkan pengalaman pelanggan,” jelas Luis.
SMAC merupakan model baru bagi tim TI perusahaan agar organisasi lebih terkoneksi, kolaboratif, dan produktif. SMAC bisa memengaruhi seluruh “ekosistem” perbankan mulai dari pelanggan, karyawan, dan mitra.
“Harapan saya adalah kita, sebagai pemimpin TI, tetap mengikuti tren dan implikasi dalam SMAC karena sangat berkaitan dengan peran kita. Situs penyedia layanan streaming online mungkin adalah contoh terbaik dari perusahaan yang memanfaatkan infrastruktur tumpukan SMAC dengan sebaik-baiknya.”
Luis mengutip bahwa untuk mendorong nilai pemegang saham jangka panjang, bisnis harus mengembangkan kompetensi TI yang strategis dan fungsional, meningkatkan alat TI yang meningkatkan fungsi TI, dan menumbuhkan budaya yang berpusat pada peningkatan kepuasan pelanggan. Proses ini akan memperkuat proses internal organisasi, yang dapat mengarah pada pengembangan sistem pendukung keputusan yang efisien dan penyampaian aplikasi transformasional.
Hal ini juga akan menguntungkan pelanggan, karena perusahaan akan dapat memberikan layanan TI yang konsisten dan berkualitas serta solusi TI yang inovatif untuk unit bisnis. Dengan ini, organisasi akan mengoptimalkan efisiensi TI dan meningkatkan dampak TI pada hasil perusahaan, sehingga mendorong nilai pemegang saham jangka panjang.
Penutup
Raymond Goh: Menjawab tantangan digitalisasi dengan automasi, cloud, pengelolaan data, dan kekekalan data untuk memperkuat ketahanan siber
Organisasi FSI memiliki kombinasi tantangan unik karena bisnis ini berkaitan erat dengan kepercayaan pelanggan, beban tanggung jawab yang besar lantaran mengurus keuangan, hingga peraturan yang ketat. Ancaman serangan siber dan ransomware juga terus menghantui. Untuk itu, perusahaan perlu melakukan investasi untuk mengamankan sistem, menjaga operasional, sekaligus berinovasi agar layanan bisa terus menyesuaikan dengan ekspektasi pelanggan yang makin digital.
Menurut Goh, seluruh tuntutan itu bisa diringankan dengan solusi Veeam. Solusi automasi bisa digunakan untuk merampingkan dan mengotomatisasi operasional. Sehingga, sumber daya manusia bisa dialihkan untuk berkonsentrasi pada inovasi dan hal lain yang berkontribusi langsung pada pertumbuhan perusahaan ketimbang hanya memelihara sistem lama.
“Dengan beralih ke perlindungan data modern, Anda menghilangkan beban besar dari manajemen lama sekaligus memberikan perlindungan dan pengawasan yang lebih besar terhadap data sensitif Anda,” terang Goh.
Selain itu, automasi juga menghemat anggaran perusahaan. Pemulihan data otomatis, pelanggan Veeam berhasil mengurangi biaya pencadangan dan pemulihan 55% lebih efisien dan mengurangi biaya pencadangan dan perlindungan data hingga 50%.
Veeam membantu perusahaan untuk melakukan migrasi ke cloud dan pengembang aplikasi modern. Perpindahan ini membutuhkan keahlian untuk mengubah data yang terjebak disistem lama ke komputasi awan (cloud) yang fleksibel. Dengan data yang lebih fleksibel, pelanggan bisa mengolah ulang data mereka dan membuahkan insight yang berguna bagi perusahaan. Pelanggan Veeam yang menggunakan kembali data mereka untuk mendorong pengembangan dan pengujian aplikasi modern berhasil meningkatkan produktivitas hingga 11%.
Perlindungan data dari serangan malware dan ransomware menjadi keharusan. Untuk itu, Veeam menawarkan solusi kekekalan data (data immutability). Konsep ini memberi garansi dan mengatasi celah antara jaringan produksi dan pencadangan data. Jadi, meski terjadi serangan, data cadangan tertap 100% terlindungi. Sebanyak 95% pelanggan Veeam yang menggunakan cadangan permanen tidak terpengaruh atau hanya sedikit terdampak dari ransomware.
Dengan banyaknya aturan yang mengikat institusi finansial, Veeam bisa membantu mengelola privasi, risiko, dan kepatuhan data. Sistem perlindungan data modern memastikan penyimpanan dan perlindungan data bisa mengikuti aturan-aturan yang bisa berubah sewaktu-waktu. Pelanggan yang menggunakan Veeam untuk regulasi dan privasi secara aktif berhasil mengurangi 45% kegagalan audit dan kepatuhan.
Mohit menambahkan bahwa organisasi dapat memperoleh manfaat besar dari penggunaan solusi teknologi untuk melindungi data mereka. Dengan menerapkan solusi ini, bisnis dapat memastikan bahwa data mereka aman dari kehilangan, pencurian, dan akses tidak sah serta dapat dipulihkan dengan cepat jika terjadi keadaan darurat atau gangguan.
“Intinya, tujuan kemitraan teknologi adalah untuk membantu bisnis dalam menerapkan dan meningkatkan sistem teknis mereka,” tegas Mohit.
Dia percaya bahwa kolaborasi teknologi bisa mendorong ekspansi bisnis perusahaan. Menurutnya, dua kepala lebih baik daripada satu ketika menerapkan sistem teknologi. Hal ini serupa dengan kemitraan teknologi yang dapat memberikan asistensi dan pengetahuan teknis apa pun secara efisien.
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A provider of Electronic Manufacturing Services (EMS) has announced plans to construct a Smart ‘Lights-Out’ Factory 4.0 in Batu Kawan, Penang, with an estimated cost of RM180 million. This development is expected to bring about significant changes in the Northern Peninsular region.
The factory will be involved in the production of Optical Modules, which are new 5G Advanced High Speed Optical Signal Transmitter and Receiver components for 5G wireless networks. The factory will use photonics and semiconductor technologies acquired through technology transfer from its US-based customer.
Construction of the Batu Kawan plant began in January 2023 and is expected to facilitate the first-ever technology transfer in Southeast Asia. This development is expected to enhance the skillset and competitiveness of the local workforce, and the plant is anticipated to hire around 1,000 highly skilled individuals once completed in the first half of 2024.
As part of their expansion plan announcement, the provider welcomed a delegation from the Malaysian Investment Development Authority (MIDA) to their location in Sg. Petani. The delegation was led by the Deputy Chief Executive Officer (Investment Development) and included the Senior State Executive Council Member (Kedah) and a Member of Parliament from Kubang Pasu, Kedah.
The EMS provider which currently employs approximately 3,000 staff, (representing about 1% of the Sg. Petani population), has expressed its intention to collaborate with local universities and colleges in actively training fresh graduates to become industry-savvy. Their “hire local first” policy prioritises employing Malaysians from the surrounding area, thus reducing their dependency on foreign labour.
The Deputy Chief Executive Officer (Investment Development) of MIDA extended congratulations to the EMS provider, stating that they are pleased to see the company actively collaborating with local universities and colleges to train fresh graduates and improve their industry knowledge.
The company’s “hire local first” policy was also applauded for providing job opportunities to Malaysians in the surrounding area and reducing dependency on foreign labour, which in turn enhances the livelihoods of locals. These expansion plans are in line with the National Investment Aspirations (NIA) of attracting high-value investments to promote sustainable and comprehensive economic growth.
She added that Malaysia welcomes the firm’s expansion project, which utilises cutting-edge 5G technology, aligning with the government’s mandate for MIDA to drive the rapid digital transformation of the manufacturing sector. This development is expected to lead to improvements in productivity, job creation, and the enhancement of the skill set of Malaysians.
The new plant will implement the Lights-Out methodology, creating a fully networked environment that digitises material flow for autonomous manufacturing. A remote team of highly specialised experts will be responsible for data management, production planning, and quality control.
In addition to the Batu Kawan plant, the EMS provider is expanding its presence by constructing Smart Warehouses and an International Procurement Centre, which will feature Kedah’s first Vendor Management Inventory (VMI) system. These facilities, with a total cost of RM40 million, will cater to the provider’s own growing requirements and those of the surrounding industrial clusters in Sg Petani, Kedah, and Batu Kawan, Penang. The completion of these facilities is expected to be in 2024.
According to the firm’s Chief Executive Officer (CEO), the development of smart facilities is timely, given the Group’s expansion journey. The company has progressed from providing Printed Circuit Board Assembly (PCBA) and full-product box-build assembly to producing upstream 5G routers and soon 5G optical modules.
The provider aims to collaborate more closely with government authorities and agencies such as MIDA to increase the economic value of the state. Their current plant in Sg. Petani has already benefited from grants that encourage exports and innovation, and they hope to receive continued support for their future expansion plans.
In addition to grants, they appreciate open sessions for dialogue and feedback on current policies, so that government agencies can stay informed about the latest developments and challenges faced by industry players and formulate mutually-beneficial solutions.
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President Jokowi stressed the need for constant innovation for ministries, agencies and regional governments to speed up services. Rising public expectations will be challenging to achieve without creative problem-solving.
Abdullah Azwar Anas, Minister of Administrative and Bureaucratic Reform (PANRB) said that new ideas are essential to enhancing the standard of government services. However, Anas emphasised that creating a new application for every breakthrough is unnecessary. Since there are presently over 27,000 applications for various public services from several government organisations, they have already been developed.
“It’s encouraging to see the government adopting new approaches to delivering services to make life easier for its constituents. But a new app development effort is not mandatory. No longer is there a ‘one invention, one use’,” he said when inaugurating the 2023 Public Service Innovation Competition (KIPP) Launch.
According to Anas, innovation should simplify people’s lives, not make them more difficult. Minister Anas has stated that integration and interoperability are essential in the future. Both are following the plans of the SPBE Electronic-Based Government System, as directed by President Joko Widodo. Single sign-on at digital public service malls (MPP) is a step towards simplifying all kinds of processes.
“In other words, gone are the days when locals seeking service A first downloaded app A, then manually created account A by entering extensive personal information. Accessing Service B requires using Application B; if you don’t already have a Service B account, you must make one and enter your information again. As well as the others. The populace is in disarray with thousands of service applications today,” he noted.
Furthermore, the government has carried out a digital transformation of public services using artificial intelligence to give convenient services to the community (AI). Diah Natalisa, Deputy for Public Services at the Ministry of Apparatus Empowerment and Bureaucratic Reform (PANRB), has emphasised the importance of digital services and how they improve the efficiency and accessibility of government programmes.
Diah explained that the Indonesian National Artificial Intelligence Strategy 2020-2045 has already been formed. It identifies five priority sectors with promising prospects for AI’s advancement, application, and exploitation. Artificial intelligence innovations are first used in the healthcare industry to improve response times, increase patient numbers served, and lower overall healthcare costs.
Patients can allegedly access medical care via telemedicine without physically going to a clinic or doctor’s office. In addition, there are various ways to employ AI in the realm of bureaucratic reform, such as creating ChatBots that can provide 24-hour, two-way dialogue with the general public.
Meanwhile, Diah argued that the potential for the future growth of artificial intelligence would lead to precision learning in education. Learners’ routine actions are considered with their mental and emotional faculties and physical abilities.
Then, artificial intelligence can be applied to satellite photos in food security to determine which locations have access to electricity and which do not. It’s been theorised that this hypothetical can also be used to catalogue the crops cultivated in a particular region and forecast the yield of each crop.
AI will also help the future of transportation and intelligent urban planning. Diah presented the example of using AI for smart traffic management solutions to guarantee locals’ safe and efficient movement from one place to another.
The Ministry of Administrative and Bureaucratic Reform is developing the Public Service Portal. The portal system’s AI will be optimised to predict and fulfil each user’s needs based on their unique traits.
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The Department of Science and Technology (DOST) in the Philippines and the University of the Philippines (UP) Mindanao aim to educate the public about the benefits and applications of artificial intelligence (AI) in a variety of fields.
The country has recognised that AI is one of the technologies that is starting to change the way businesses and organisations work. Because AI has so many uses, it is starting to be utilised in many different areas, and its full potential is being realised and used in many markets. Hence, businesses and organisations in the Philippines are starting to pay attention to the benefits of this.
During the recent “1st AI Pinas Research and Development (R&D) Conference and Workshop 2023,” over one hundred participants, including local and international speakers, discussed the benefits of machine learning, natural language processing, robotics, computer vision, and deep learning applied to health, education, mobility, the environment, disaster risk reduction (DRR), industries, and smart and sustainable cities and communities.
Renato Solidum Jr, DOST Secretary acknowledged that AI has the potential to increase human productivity by automating routine tasks, analysing massive amounts of data, learning new information, and making well-informed decisions.
He added that they focused on the four investment pillars, and as a result, DOST has pledged financial support for the Philippines’ rapid scientific development in this area so that the nation can fully benefit from AI technologies.
Secretary Renato confirmed that the DOST has been collaborating with multiple stakeholders to make the AI R&D framework for 2019–2029 beneficial for its intended beneficiaries. The framework focuses on building a national infrastructure, which includes:
- AI R&D centres;
- Empowering more professionals through DOST-PCIEERD training and development; and
- Encouraging more mission-driven programmes with unique applications.
He has emphasised that the Philippines are also enhancing its workforce’s capabilities. In collaboration with the Development Academy of the Philippines (DAP), the Analytics Association of the Philippines (AAP), and an open online course provider, three (3) AI Pinas training have produced 143 graduates.
Through the Smarter Philippines and R&D, Training, and Adoption (SPARTA) project, he hopes to upskill and launch the data science careers of the nation’s workforce as they aim to have 50,000 Filipino data scientists by 2029 to meet the needs and demands of the industry as they undergo digital transformation.
Dr Lyre Anni Murao, Chancellor of UP Mindanao, on the other hand, urged the use of AI to help with daily tasks, stating that AI should be given more credit for improving the quality of life and strengthening the capacity to contribute to global development.
On the other hand, Dr Enrico C. Paringit, Executive Director of the Philippine Council for Industry, Energy, and Emerging Technology Research and Development (DOST-PCIEERD), stated that the “AI for Better Normal” investments, made possible in June 2021, have put them at the forefront of using AI to advance innovation in the country, as they have supported impactful AI projects across the country.
DOST-PCIEERD, as a leader and partner in enabling innovations in the Philippines, ensures that it strengthens local capabilities in the region. Initiatives like this strengthen ties with more developed countries and foster new collaborations that can spur future socioeconomic growth.
The event themed “Artificial Intelligence Driving Transformation and Impact in the Digital Age,” provided a forum for experts, researchers, professionals, enthusiasts, and prospective beneficiaries to update the R&D roadmap and develop a national AI R&D programme.