Singapore is the first place for Information and Communications Technology (ICT) worldwide. Most residents of Singapore are highly connected, use technology daily, and consume data. The wireless broadband penetration in 2021 was 196.1%, and mobile penetration was 158.8%. As a mature market, Singapore adopts new technologies quickly with its ICT infrastructure and vibrant technology ecosystem. The government sees these advancements as a source of economic and social development to be a Smart Nation.
The Singapore government must drive demand and adopt new technology through progressive initiatives, like the Digital Economy Framework, Digital Government Blueprint, and Industry Transformation Map (ITMs). Since 2014, the Smart Nation journey started with a vision to enhance people’s lives through new technological opportunities. In this case, the city has transformed into several sectors, such as healthcare, transportation, government services, and businesses. Singapore implemented strategic national projects and initiatives to lower the friction between government, businesses, and citizens. It helps improve productivity whit a sustainable vision.
Singapore is considered the top leading tech hub in the Indo-Pacific. Therefore, you can see over 5,400 American entities registered in Singapore. The city-state is home to massive global tech firms like Google, IBM, Meta, Amazon, and others. They provide services that are transforming companies locally. Singapore is building a competitive tech industry and exploring new innovation frontiers with cloud computing, artificial intelligence, and data analytics, spanning security, fintech, energy, aviation, and more.
In this scenario, the US and Singapore have signed a Mutual web series review Recognition Arrangement (MRA) on telecom equipment certification, reducing the barriers to trading this type of equipment. In this case, they can test the artifacts in the exporting economy without the need to keep experimenting in the US. Companies in the US could refer to the list of recognized testing labs and certification agencies when deciding to implement them.
Opportunities
The pandemic has accelerated digitalization, and the ICT industry continues growing in this massive digitalization era. The Singapore government has spent about USD 9 billion on ICT in 4 years. It’s expected to invest around USD 2.7 billion in ICT procurement this year. The investment will help transform the government’s digital infrastructure and services. It’ll benefit citizens, businesses, and public officers. Machine learning, IoT, and data science are other projects that will get more investment in the following years. Some examples included speech-to-text audio transcription services for trials and smart facilities management systems to help industries improve water and energy efficiency.
Singapore eVisa
Advancements in technology in Singapore are taking the world by storm. Don’t miss out on these technologies, and travel to Singapore to learn more. Before your trip, you must confirm the travel documents you need. In this case, you must obtain the [Singapore eVisa], an official travel document to enter Singapore. [iVisa] has all the tools to process your application and provide the electronic visa in your email. Once you have it, display it to immigration authorities when entering Singapore. Travel now to Singapore and keep discovering new technology.
