Our goal as a nation is to be the leading digital economy. Key plans, centred around collaborations with partners and platform enablers, were announced by Minister for Communications and Information S Iswaran on 21 May 2018. And driving these plans, are the three strategic priorities of the SG:D framework of action and programmes.
Critical enablers that make the SG:D framework a reality
Our three strategic priorities of the SG:D Framework can be realised with four key enablers in place:
1. Manpower Development: Continued upskilling and reskilling to train and groom ICM professionals as well as raise the digital literacy of the workforce to take on the challenges of the digital economy.
2. Research & Innovation: Giving companies the competitive edge to keep abreast of the latest trends in technology through roadmaps which aim to inform and anticipate new developments.
3. Physical & Digital Infrastructure: Continued investment to boost Singapore’s infrastructure and enhance digital connectivity as technology evolves.
4. Governance, Policies and Standards: Robust data privacy laws, cybersecurity and data protection, as well as continued efforts to calibrate governance of data policy and related activities like AI.
Singapore: Poised for digital success
Beyond strategic priorities and enablers, Singapore is building from a position of strength – one rooted in factors beyond our stable government, world-class digital infrastructure, it's strategic position as Asia’s Asia’s financial hub, and highly-educated workforce.
Singapore was ranked 3rd worldwide in Bloomberg’s 2018 Innovation Index based on our focus on research and development and the many high-tech players here. In Asia, we are ranked No. 2, with some of the world’s brightest talent drawn to Singapore’s vibrant start-up scene.
Put together, we have much reason to believe Singapore can indeed become a leading digital economy:
Beyond strategic priorities and critical enablers, Singapore is building from a position of strength. With its strong and stable Government, world-class infrastructure and institutions (ranked second in the 2017/2018 World Economic Forum’s Global Competitiveness Index) and highly educated and trained workforce, it is poised to become the leading digital economy of the future. The nation was also ranked third in Bloomberg’s 2018 Innovation Index, based on the strength of its tertiary research institutions. This has contributed to a burgeoning start-up scene, attracting some of the brightest talents and biggest tech companies in the world.