Commentary News | Singapore Business Review

Data protection penalties in Singapore hits over a million dollars so far in 2019

Singapore has seen a 47% increase in the number of data investigations since 2017 handing out over one and a half million dollars in fines, affecting companies from almost every industry

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Supporting nurses by bridging the knowledge divide with evidence-based technology

Nurses are the backbone of Singapore’s healthcare system and they play an important role in transforming the healthcare industry. President Halimah Yacob highlighted the significance of nurses during the International Council of Nurses’ biennial congress that was held earlier in June. It is essential that we introduce measures to support the unsung heroes of our healthcare system through the adoption of technology. This will help grow and develop the nursing workforce to address challenges in the healthcare system.

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Singapore companies must protect personal data and adhere to the PDPA or risk reputational damage

The Personal Data Protection Commission (PDPC), set up in 2013 to implement Singapore’s Personal Data Protection Act (PDPA), focused on establishing standards and rules to govern the control and management of personal data.

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Benefits of using a managed services provider for payroll in Singapore

Singaporean companies should focus on the strategic aspects of HR and leave the day-to-day functions to professional managed services providers, who can drive efficiency, reduce costs and improve security.

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Unlocking the promises of a Smart City

Most probably, you have heard the terms "smart city" or "future city", which generally refers to urban centres that rely on technology to improve the lives of citizens. Many of us already live in smart cities without even realising it. Singapore itself is a prime example, with its Smart Nation transformation well underway since 2014, Singapore is leveraging sensors, the Internet of Things and data analytics to tackle a diverse range of problems, from traffic congestion to healthcare.

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Earn the rewards of digital transformation with cloud data management

The past few years have seen many organisations embark on their digital transformation journey, with organisations looking to move their systems onto third platform technologies, such as mobile computing, social media, big data & analytics and the cloud. According to a 2018 Frost & Sullivan report, close to 40% of organisations across Australia, Hong Kong and Singapore have begun their IoT journey. The same study showed that 43% of Singapore enterprises surveyed have carried out IoT proofs of concept or having existing IoT implementations in place.

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How can Singaporean businesses benefit from indoor positioning technology

A Bain & Company report has outlined global exponential growth in the IoT markets from US$235b in 2017 to more than double at US$520b by 2021. Asia-Pacific has been cited to be the fastest growing region accounting up to 36.9% of worldwide spend. Singapore and South Korea are leading the pack, with smart buildings, security, and surveillance and traffic management as some of the fastest growing segments.

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Navigating ASEAN: overcoming challenges on Singapore's path to becoming top logistic hub

ASEAN is quickly gaining a reputation as an important trade hub, thanks to many factors at play. The region currently enjoys one of the fastest growing consumer markets in the world, strong foreign investments, and a windfall of benefits that stems from the ongoing US-China trade war. Strategically situated at the heart of this trade zone and armed with the right resources, Singapore is set to spearhead bold transformations that would reverberate through the region’s logistics industry.

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How organisations can adopt the right risk culture

Cybersecurity, fraud and “fake news” often dominate the headlines in today’s world. Risk has increasingly become a part of everyday vernacular, putting us as a society and as a business community on high alert. A recent report by PWC revealed that 32% of Singapore-based organisations fell victim to fraud in 2018 causing them to lose at least US$1m as a result.

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AI key to boosting productivity and risk management in Southeast Asia's financial services

I recently spoke on the topic of artificial intelligence’s (AI) role in the future of banking and financial services at a conference in Singapore that attracted stakeholders from many of the major banks. Like the Singapore government, I believe passionately in an AI-driven future economy and think it’s the right technology for banks here to adopt in their pursuit of navigating risk and compliance.

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Is Singapore AI ready?

Artificial intelligence (AI) anticipation is high. At the Innovfest Unbound Conference, discussion was brimming with the possibilities that rising digitalisation will create; with smart technology expected to transform customer experience and power vast business growth.

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Is Singapore ready for the rise of robots and automation?

It is true. Singapore is a smart nation. The Government continues to aggressively drive its digital agenda, ramping up in all areas. For example, the recently launched Digital Industry Singapore (DISG) Office will look to encourage public and private partnerships to help companies digitise more quickly in keeping up with the rapid pace of technical change.

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A multi-cloud checklist that businesses need

According to Dell Technologies's Digital Transformation Index 2019, 40% of Singaporean businesses are planning to invest in multi-cloud frameworks over the next three years.

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Creating human impact with artificial intelligence

The rising prominence of artificial intelligence (AI) in our conversations, the way we work and do business, protect communities against crime and even the way news is reported to us on television is unprecedented. Its ability to learn and process massive amount of data far outstrips any other current technologies and will only continue to grow as we make greater strides in computer processing power and deep learning algorithms.

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Neutral infrastructure: unlocking business potential in Singapore through open technologies

Ever wondered why some people turn down the thought of living abroad, even if it meant a chance at bigger opportunities, wider networks and, potentially, a brighter future? After all, leaving behind a life that they’ve built may simply be too big a sacrifice for many to make. That feeling of apprehension and fear is what it’s like for 85% of organisations that have yet to unlock the real business value of cloud.

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Why Singapore businesses need to start embracing data for intelligent insights

The machines have taken over almost all array of business applications and operations whilst generating copious quantities of data. Today, data is everywhere – in industries, in business, and in our daily lives, and this volume of data is expected to grow exponentially in the coming years.

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