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Communications of the ACM

East Asia and Oceania Region special section: Hot topics

Innovating Services and Digital Economy in Singapore


Singapore map, business and finance illustration

Credit: Getty Images

Singapore has been investing in information and communication technologies (ICT) since the 1990s, and more recently, has been driving toward digitalization and automation for the transformation of the society, government, and economy. This article reports on Singapore's technology development in the services and digital economy (SDE) and concludes with insights for research over the next five years.


NRF will invest in the development of sectoral applications using 5G communication technologies as well as beyond 5G.


Singapore is ranked as the world's second most digitally competitive country by IMD.a The nation's spending in technologies like artificial intelligence (AI), as shown in Figure 1 compared to internationally, is critical to the success of Singapore's Smart Nation and Digital Economy vision. Singapore's Research Innovation & Enterprise (RIE) 2020 plan continues to "play a key role in driving Singapore's future economy, as well as address national and societal priorities." According to the Deputy Prime Minister Heng Swee Keat, who also serves as chairman of the National Research Foundation (NRF), the RIE's $19 billion investment, "will support the future economy council's efforts to encourage adoption of digitalization and automation across Singapore's economic sectors."5


 

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