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The Health Sciences Authority (HSA) announced
that its regulatory legislation will be enhanced to facilitate faster access
for certain lower risk medical devices (MDs) and standalone mobile
applications.
Acknowledging
that medical devices comprise a very diverse group of products, with varying
complexities and risk profiles, HSA regularly reviews its regulatory framework
to ensure that it remains relevant and effective.
“HSA
constantly reviews our regulatory framework to ensure that it stays relevant
and forward looking. Having obtained a better assessment of the safety profile
of MDs in the Singapore market, our moves to allow immediate entry of these
lower risk devices would enable us to focus our attention on newer and higher
risk devices.” said Associate Professor Chan Cheng Leng, Group Director, Health
Products Regulation Group, HSA.
According
to the announcement, HSA will also provide greater clarity to existing policies
and requirements for telehealth devices and high risk devices for the
modification of appearance or anatomy. The changes will take effect from 1 June
2018.
The
changes seek to cater to different operational and emerging business models in
the medical device industry, facilitate faster market access and encourage innovations,
while safeguarding consumer health and safety.
The
regulatory enhancements are the result of regular and extensive engagement with
the medical industry. As the time-to-market for new medical devices is
shortened, consumer access to these lower risk products will become faster. HSA
will continue to engage its stakeholders to further enhance the medical device
regulatory framework, while still ensuring that consumers’ safety is
safeguarded.
Faster market access
From
1 June 2018, the regulations for the following devices will be enhanced as
follows:
Class
A sterile medical devices, such as sterile examination gloves and sterile
intravenous sets, will not need to be registered with HSA. Previously, these
devices were subjected to registration to ensure that they comply with the
requisite standards on sterility. To ensure safety and facilitate post-market
surveillance and monitoring, importers/manufacturers will be required to list
all their Class A medical devices on the public online Class A database with
HSA.
The
current expedited Class B registration route, which currently takes 60
days for the product registration, will be subsumed under the immediate
registration route if they meet the following criteria of: (1) no safety issues
associated with the device globally, (2) two independent regulatory agencies’ approval,
or (3) one reference agency’s approval plus three years of marketing
history. With this, 75% of Class B applications, will be granted immediate
market access.
Class
B and C standalone mobile medical applications that are approved by at least one
reference regulatory agency without safety issues globally will be
eligible for immediate market access under the immediate registration route. These
applications include standalone application for calculation of insulin dosage,
or live monitoring of ECG for cardiac patients.
Clarifying
regulatory controls
Through
this regulatory enhancement exercise, HSA is also clarifying existing controls
by specifying in the legislation that:
(1) Telehealth
devices intended by its manufacturer for medical purpose will be regulated as
MDs. Those intended by the manufacturer solely for well-being or lifestyle
purpose, such as smart watch to track heart rate and heart rate measuring
devices in smart phones for fitness purposes, and not intended for medical
purpose will not be subjected to regulatory controls. However, a clarification
statement has to be included on their labels and advertisements that these
products are not meant for medical purpose.
(2) High
risk devices used for modification of appearance or the anatomy are subjected
to regulatory controls. To provide clearer guidance to industry players, HSA
has developed a Positive List to help industry players identify if their
products are regulated. These products are implants, injectable dermal or
mucous membrane fillers, and invasive devices for fat removal or fat
degradation purposes.
(3) For
more complex MDs that require users to have the relevant skills and knowledge
to use them safely and effectively, HSA will require manufacturers to provide
training for the users of these devices. Example of such devices are
implantable devices where physicians need to undergo training on implantation
technique before using the device on the patients.
Moving forward, HSA will continue to
strengthen post-market surveillance, which include checks and monitoring of
product compliance in the market, as well as close monitoring of overseas
alerts and local safety signals. These activities will enable HSA to detect
safety signals from the market early and investigate adverse events promptly,
safeguarding public health and safety.
Mr
Eugene Yoo, Chairman of the Medical Technology Industry Group of the Singapore
Manufacturing Federation shares, “HSA continues to be a leading innovative
regulator and advancing with the changing healthcare landscape. By putting
patients’ health and safety as its core mission, the amendments to the medical
device regulations will provide clarity and simplify the work flow for the
industry. This will certainly accelerate patients’ access to innovative therapy
and technologies; further enhancing the health and wellness of the Singapore
population.”
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In her address at the LIA Annual Luncheon, Ms Ho Hern Shin, Deputy Managing Director of the Monetary Authority of Singapore (MAS), the pivotal role of technology in elevating customer experience within the life insurance sector could be seen. Under the theme of “Treating Customers Right,” Ms Ho outlined key pillars for insurers to build and enhance engagement, trust and sustainability.
The LIA Management Committee were commended for their adept utilisation of available tools and technology, amidst industry challenges, from the transformation spurred by the COVID-19 pandemic for targeted customer solutions. She reiterated MAS’ commitment to fostering innovation and collaboration in the tech-driven landscape.
Central to customer satisfaction is product design harnessing digital innovations to align with evolving preferences. AI-powered wellness programmes, tech-enabled co-payment initiatives, and user-friendly mobile apps for bite-size insurance products are great examples. These tech-driven solutions not only cater to diverse customer needs but also optimise operational efficiency for insurers.
The pivotal role of data analytics in enabling fair and inclusive underwriting practices is also clear. Insurers can leverage advanced algorithms and predictive modelling to objectively assess applications, ensuring equitable coverage for individuals with disabilities or mental health conditions. Collaboration with data professionals and research communities is essential to harnessing data for actionable insights.
Insurers can leverage digital platforms such as SGFinDex and AI-driven chatbots to offer personalised financial advice. SGFinDex, the pioneering digital infrastructure in Singapore, stands as the world’s first to integrate a national digital identity with a centrally managed online consent system. This innovative platform empowers individuals by granting them seamless access to their financial data dispersed across various government agencies and financial institutions.
Tech-enabled strategies can streamline the fact-finding process, empowering customers to make informed decisions aligned with their financial goals. Such platforms can leverage machine learning algorithms to tailor product recommendations based on customer profiles and life stages.
Continued investments in digital infrastructure are essential for delivering seamless post-sales experiences. MAS’ regulatory amendments facilitate secure online transactions, including beneficiary nomination and claims processing. Insurers were urged to embrace emerging technologies such as blockchain for immutable record-keeping and smart contracts to automate claims settlements, enhancing transparency and efficiency.
OpenGov Asia reported that in response to growing concerns voiced by Members of Parliament and citizens regarding customer protection from scams, MAS and other government agencies are intensifying collaborative efforts with the industry to combat fraudulent activities.
MAS and IMDA have introduced a consultation paper outlining the Shared Responsibility Framework (SRF) to address phishing scams, assigning responsibilities to financial institutions (FIs) and telecommunication companies (Telcos) to mitigate scam risks and ensure compensation for affected victims.
This framework expands upon previous initiatives by the Payments Council, recognising the crucial roles of both FIs and Telcos in preventing fund outflows resulting from digitally enabled scams that undermine confidence in digital banking systems.
Outlined duties for FIs and Telcos include sending transaction notifications and implementing scam filters, with breaches triggering a “waterfall approach” in which FIs and Telcos are held accountable for losses, with FIs bearing primary responsibility followed by Telcos as custodians of consumers’ money
The importance of fostering an ethical culture, where data fairness is paramount and values supersede profits is vital. The board and senior management must champion ethical principles, ensuring transparency and accountability in decision-making.
Insurance, as indeed all other sectors, would greatly benefit if they embrace technology as a catalyst for delivering superior customer outcomes. By leveraging digital innovations across all facets of their operations, organisations can enhance customer engagement, streamline processes, and foster trust in the digital age.
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In a bid to enhance brand visibility and tap into broader consumer markets, Vietnamese wood, furniture, and handicraft enterprises are urged to prioritise and systematically invest in online sales initiatives, diversifying their sales channels within their business frameworks.
Vice Chairwoman of the Handicraft and Wood Industry Association of Ho Chi Minh City, Duong Minh Tue, emphasised this crucial strategy during a workshop themed “Cross-border e-commerce – global growth opportunity for Vietnam’s furniture export” held in Ho Chi Minh City.
Tue highlighted Vietnam’s stature as one of the world’s leading wood exporting nations, noting its expanding market reach across key territories such as the US, the European Union (EU), the Republic of Korea (RoK) and Japan, as well as its growing presence in emerging markets like the UAE and India.
She underscored the significant success of Vietnam’s wood and wooden product exports in the global market, buoyed by favourable factors such as forestry development strengths, business incentives, and advantageous free trade agreements with foreign counterparts.
However, traditional export markets have encountered challenges in recent times due to sluggish global consumption demand, escalating protectionist measures, and the persistence of tight monetary policies in certain countries. Against this backdrop, Tue highlighted the rising prominence of e-commerce channels in driving sales growth for furniture and handicrafts, presenting a new avenue for Vietnamese wood businesses to explore.
A global e-commerce giant echoed this sentiment, highlighting the resilient growth trajectory of global e-commerce despite the lingering impact of global trade disruptions. The executive underscored cross-border e-commerce as a pivotal trend enabling small- and medium-sized enterprises (SMEs) to achieve robust expansion.
Looking ahead, strong growth in e-commerce has been projected within the furniture industry, particularly in the US, Vietnam’s largest export market. By 2027, e-commerce in this sector could soar to an estimated US$118.6 billion, presenting a lucrative opportunity for Vietnamese enterprises.
Another organisation stressed the direct access to a diverse global customer base facilitated by e-commerce platforms, noting the missed opportunity for Vietnamese manufacturers to harness cross-border e-commerce to market their products.
Crucial factors for effective online sales include focusing on customer comfort and actively addressing concerns related to product quality, customer service, and delivery. Recognising these challenges, e-commerce platforms now offer comprehensive business support services spanning product listing, packaging, shipping, and returns to enhance the overall shopping experience for customers.
The imperative for Vietnam’s wood and furniture industry to embrace e-commerce as a strategic growth driver is clear. By leveraging online platforms, Vietnamese enterprises can not only expand their market reach but also enhance brand visibility and tap into the burgeoning global e-commerce landscape, thus ensuring sustained growth and competitiveness in the digital era.
Vietnam is strategically leveraging digital technology, online platforms, and e-commerce to propel its wood and furniture industry into international markets. By embracing these digital tools, Vietnamese enterprises seek to amplify their global presence, reach new customers, and capitalise on the boundless opportunities offered by the digital marketplace.
In line with Vietnam’s thrust towards global market penetration through digital platforms and e-commerce, a new initiative is underway to establish clusters of IT parks and software chains.
Led by the Ministry of Information and Communications (MIC), aims to boost Vietnam’s digital ecosystem and competitiveness in the production value chain. Despite progress, challenges persist, such as connectivity gaps and limited collaboration among IT parks.
The MIC stresses strategic capital investment to integrate the initiative into national ICT infrastructure, advancing Vietnam’s digital transformation agenda. Informed by the Institute of Information and Communications Strategy, the plan focuses on creating ICT parks in vital economic zones, nurturing technical infrastructure and a conducive business environment, thereby enhancing the growth of the digital technology sector.
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The International Telecommunication Union (ITU), in collaboration with the Food and Agriculture Organisation (FAO) of the United Nations, recently organised a Workshop on “Cultivating Tomorrow: Advancing Digital Agriculture through IoT and AI.”
Held at the Telecommunication Engineering Centre (TEC) of the Department of Telecommunications (DoT) and the Indian Council of Agricultural Research (ICAR), Department of Agricultural Research and Education (DARE), Ministry of Agriculture and Farmers’ Welfare, Government of India, this event aimed to explore the transformative potential of emerging technologies in agriculture.
Participation was open to ITU Member States, Sector Members, Associates, ITU Academia, and individuals from countries that are members of the ITU, as well as members of international, regional, and national organisations in hybrid mode. The event drew around 200 delegates, including international participants, who shared their experiences in the emerging field of Agriculture 4.0.
In light of the challenges posed by a growing world population and climate change to traditional farming practices, the workshop underscored the importance of leveraging technology for sustainable food production. It delved into the application of the Internet of Things (IoT), Artificial Intelligence/Machine Learning (AI/ML), Unmanned Aerial Vehicles (UAVs), and other cutting-edge technologies across the agricultural value chain, from production to consumption, including post-harvest management and marketing.
The discussions focused on how these technologies can empower farmers with real-time data, predictive analytics, and actionable insights to optimise their operations and enhance productivity.
A highlight of the workshop was the release of the Technical Report on “Revolutionising Agriculture: The Digital Transformation of Farming.” This report serves as a valuable resource for stakeholders in the agricultural sector, providing guidance on harnessing the power of technology to drive sustainability, efficiency, and resilience in food production. Overall, the event emphasised the critical role of digital innovations in shaping the future of agriculture and fostering global food security.
The Ministry of Agriculture & Farmers Welfare in India is pioneering the integration of cutting-edge AI technologies to enhance farmers’ productivity and well-being. Championing the India Digital Ecosystem Architecture (InDEA) 2.0’s network approach, the Ministry has achieved significant milestones.
According to Union Minister of Agriculture and Farmers’ Welfare, Shri Arjun Munda, in a written reply in Rajya Sabha, the Ministry of Agriculture and Farmers Welfare in India has leveraged AI to tackle various challenges in the agricultural sector, aiming to support farmers.
Key initiatives include the implementation of ‘Kisan e-Mitra,’ an AI-powered chatbot designed to assist farmers with inquiries regarding the PM Kisan Samman Nidhi scheme, which supports multiple languages and is expanding to cover other government programmes.
The National Pest Surveillance System employs AI and Machine Learning to detect crop issues caused by climate change, enabling timely interventions for healthier crops. Furthermore, AI-based analytics are utilised for crop health assessment using field photographs, along with crop health monitoring through the integration of Satellite, weather, and soil moisture datasets for rice and wheat crops.
A tripartite Memorandum of Understanding was signed, paving the way for collaborative efforts between the National Farmers’ Welfare Programme Implementation Society, IndiaAI, and a foundation to establish India as a global leader in AI-driven digital agriculture transformation. This partnership signifies a crucial step forward in leveraging AI to revolutionise digital agriculture, ensuring a prosperous and food-secure future for India.
Following the workshop, the 9th meeting of the ITU/FAO Focus Group on “Artificial Intelligence (AI) and Internet of Things (IoT) for Digital Agriculture” (FG-AI4A) will take place on March 19, 2024, at the same venue.
The Focus Group on Artificial Intelligence and the Internet of Things for Digital Agriculture (FG-AI4A) has extensively explored the potential of emerging technologies such as AI and IoT. These technologies offer promising avenues for data management, model enhancement, and effective communication, thereby optimising agricultural production processes.
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The Cyber Security Agency of Singapore (CSA) is dedicated to securing Singapore’s cyberspace to support national security, power the digital economy, and protect the digital way of life. To reinforce national security, CSA continually monitors cyber threats, defends critical information infrastructure (CII), and implements mitigation measures to safeguard essential services.
The Singapore Cyber Emergency Response Team (SingCERT) responds to cybersecurity incidents for its Singapore constituents. It was set up to facilitate the detection, resolution and prevention of cybersecurity-related incidents on the Internet.
Singapore, represented by the CSA has been working closely with ASEAN Member States (AMS) to establish the ASEAN Regional Computer Emergency Response Team (CERT) to promote and facilitate information-sharing related to cyber incident response, and to complement the operational efforts by individual national CERTs in each AMS.
Singapore had made the recommendation for a single AMS to host the ASEAN Regional CERT and proposed to host and fund its physical activities in Singapore at the 14th ASEAN Network Security Action Council in August 2023.
The ASEAN Regional CERT will enable stronger regional cybersecurity incident response coordination and critical information infrastructure (CII) protection cooperation, including for cross-border CII such as banking and finance, communications, aviation and maritime.
The 4th ASEAN Digital Ministers Meeting (ADGMIN) convened in Singapore in February, to address the multifaceted challenges and opportunities in the digital realm, particularly amid the ongoing COVID-19 pandemic.
The meeting recognised advancements in implementing the ASEAN Digital Masterplan 2025 (ADM 2025) despite the pandemic and stressed the need for a robust and inclusive digital ecosystem. The ADM 2025 Mid-Term Review (MTR) assessed progress in key areas including trusted digital services, consumer protection, and broadband infrastructure
The meeting highlighted the need to set governance standards for emerging technologies like AI, based on recommendations from the ADM 2025 MTR. It also emphasised the importance of collaborating on digital infrastructure and fostering trust among users for secure data sharing.
The endorsement of the ASEAN Guide on AI Governance and Ethics marked a significant milestone, reflecting the region’s commitment to harnessing AI technologies responsibly. The guide, which includes practical use cases for trustworthy AI deployment, is poised to serve as a valuable tool for promoting the responsible and ethical utilisation of AI solutions across ASEAN.
Additionally, the meeting welcomed initiatives aimed at enhancing regional cybersecurity capabilities, such as the establishment of the ASEAN Regional CERT. This initiative is expected to bolster incident response capabilities and facilitate timely information sharing and best practice exchange among ASEAN member states.
Moreover, the meeting acknowledged the importance of data governance and privacy protection in fostering digital trust. Efforts to promote the adoption of the ASEAN Model Contractual Clauses and facilitate seamless data transfers between ASEAN and the European Union were commended as significant steps towards enhancing regional data governance frameworks.
The meeting also highlighted the significance of digital infrastructure development, including the advancement of 5G networks and the establishment of frameworks to facilitate cross-border data flows, particularly in areas such as disaster management and logistics for rural areas.
In the realm of international cooperation, the meeting affirmed ASEAN’s commitment to deepening collaboration with dialogue and development partners, including China, Japan, the Republic of Korea, India, the United States, the European Union, ITU, and APT. These partnerships are crucial for advancing digital transformation, cybersecurity, and capacity-building efforts across the region.
Overall, the 4th ADGMIN underscored the collective resolve of ASEAN member states to navigate the evolving digital landscape, fostering innovation, inclusivity, and resilience to realise the full potential of the digital economy for the benefit of all stakeholders.
Following the endorsement of the financial model, Singapore will continue to work closely with AMS to operationalise the ASEAN Regional CERT to enhance collective cybersecurity within the region.
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In a significant stride towards fostering digital innovation within in the Fast-Moving Consumer Goods (FMCG) sector, the Technology Development Board (TDB) has joined hands with a Delhi-based company in a strategic agreement. Under this collaboration, TDB has approved a Conditional Grant of ₹1.22 crores (approximately US$162,000) to support its groundbreaking project titled “Digital Financial Solutions for Last Mile FMCG Value Chains in Emerging Markets”.
The initiative has been facilitated through the ‘INDIA-ISRAEL INDUSTRIAL R&D AND TECHNOLOGICAL INNOVATION FUND (I4F)’. Spearheaded by a company from Israel, the project sets out to revolutionise last-mile FMCG value chains in emerging markets through the implementation of cutting-edge digital finance solutions.
This partnership underscores the robust technological cooperation between India and Israel, highlighting their joint commitment to driving innovation in industrial research and development.
At its core, the project focuses on developing an integrated digital finance platform tailored specifically for last-mile FMCG value chains. Leveraging the Delhi company’s expertise in human-centred design, the project places a strong emphasis on enhancing user experience and ensuring alignment with diverse consumer needs. With a prestigious client portfolio that includes industry giants, the company brings invaluable insight and innovation to the project.
Upon completion, the platform is poised to seamlessly embed financial services across FMCG value chains, with particular attention to enhancing last-mile distribution networks. Drawing from the Delhi company’s extensive experience in managing branchless banking networks and B2B commerce platforms, the project aims to empower businesses and consumers alike, driving financial inclusion and fostering sustainable economic growth in emerging markets.
Speaking on the significance of this partnership, the Secretary of the Technology Development Board, stressed its pivotal role in addressing real-world challenges through innovation-driven solutions. As the inaugural agreement signed under the Bilateral India-Israel call, the initiative lays the groundwork for future collaborations.
Moreover, it signifies a commitment to transformative agreements that will drive progress and innovation in the near future. This partnership stands as evidence of technological advancement and cooperation between India and Israel, poised to deliver tangible benefits to both nations and beyond.
India is recognised as a burgeoning powerhouse in the global technology and digital space, with a commitment to innovation and leadership that extends beyond its borders. As the world witnesses an increasingly interconnected digital landscape, India is keen to leverage its expertise and resources to collaborate internationally.
OpenGov Asia highlighted the Indo-French Joint Committee of Science and Technology’s (JCST) recent meeting, emphasizing the efficacy of the Indo-French Centre for the Promotion of Advanced Research (CEFIPRA) in boosting collaboration. Talks centred on advancing research in key areas such as Interdisciplinary Cyber-Physical Systems (ICPS), health, clean energy, artificial intelligence (AI), quantum technologies, and advanced materials.
Emphasising the significance of fostering connections among innovators and entrepreneurs from both nations, the meeting underscored the importance of leveraging collaborative efforts for mutual benefit. Dr Claire Giry, Director General for Research and Innovation at the French Ministry of Higher Education and Research echoed these sentiments, stressing the need to reinforce ties between researchers from India and France, with a specific focus on sustainable technologies, applied mathematics, health, and ocean research.
With a commitment to inclusive and sustainable development, India’s endeavours in the tech and digital space aim not only to drive economic growth but also to empower communities worldwide, cementing its position as a beacon of technological leadership and cooperation on the international stage.
Through partnerships, knowledge exchange, and collaborative initiatives, India seeks to not only showcase its technological prowess but also to extend a helping hand internationally. By fostering innovation, promoting digital inclusion, and championing technological solutions to global challenges, India aims to demonstrate leadership in the tech arena while making meaningful contributions to the international community.
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A collaboration between the Postgraduate School of Geological Engineering at Bandung Institute of Technology (ITB), the Geological Engineering Student Association “GEA” (HMTG “GEA”), and the Indonesian Association of Geologists (IAGI) recently showcased the advancements in sensing technology at a seminar entitled “Remote Sensing Technology for Exploration, Inventory, and Management of Natural Resources in Indonesia”.
Led by Professor Dr Ir. Indroyono Soesilo, M.Sc., the seminar highlighted remote sensing’s pivotal role in a data-driven and tech-enabled world. It has become an indispensable tool in the scientific field, providing researchers and practitioners with valuable data and previously unattainable insights.
As humanity transitions into the “imagination society” of era 5.0, remote sensing emerges as a crucial tool in providing information and knowledge to address contemporary and future challenges, underlining its significance in digital transformation and problem-solving endeavours. Its continued development and integration into various industries promise to revolutionise further how humans interact with and understand the world.
According to Prof Indroyono, remote sensing is observing an object without direct contact using specialised sensors mounted on various platforms such as drones, aircraft, satellites, etc. Multiple sensors used for remote sensing operate at different wavelengths, ranging from visible light, infrared, and radar to seismic waves, providing flexibility in obtaining data needed for geology.
Since its inception in 1960 with NASA’s TIROS-1 project, remote sensing technology has undergone significant evolution, transitioning into a service-oriented industry in Indonesia by 1993. This transformation has been propelled by government support and infrastructure development efforts. The trajectory of remote sensing underscores its vital role in facilitating Indonesia’s exploration, inventorying, and management of natural resources.
The evolution of remote sensing technology is evident from the launch of the first satellite platform in 1960 to the subsequent deployment of Landsat-1, an earth monitoring satellite, 12 years later. Prof. Indroyono and other professionals have played a pivotal role in Indonesia’s remote sensing advancement, leveraging their international educational backgrounds. Initially, their focus was on fostering Indonesia’s remote sensing service sector, encompassing data providers, information service providers, knowledge service providers, and initiatives for market expansion.
Currently, many high-resolution satellites are used for commercial purposes. The images of the earth produced by these satellites are also real-time and directly collected in the extensive data system for inventory, monitoring, analysis, and prediction purposes.
In a previous article, OpenGovAsia reported that Indonesia was deploying remote sensing to estimate oil palm productivity using satellite imagery from Sentinel-2. The National Research and Innovation Agency (BRIN) established a collaborative remote sensing research project with Lamandau Polytechnic from Lamandau Regency, Central Kalimantan.
Through remote sensing data, this research collaboration aims to establish a comprehensive understanding and accurate prediction of oil palm productivity in Bulik District, Lamandau Regency. Furthermore, remote sensing has also been used for conservation, explicitly focusing on monitoring water quality and addressing marine waste. Plastic and other waste materials discharged into the oceans pose severe global challenges.
Prof. Indroyono stresses the necessity of strengthening regulations to ensure the ethical use of remote sensing technology, despite its industry’s current robustness in adhering to rules. He advocates for continuous research and development efforts to maintain competitiveness, stressing the importance of exploring new sensor technologies and refining data processing techniques. Additionally, he underscores the pivotal role of collaboration between government, industry, and academia in driving innovation and addressing challenges in remote sensing technology and applications.
While significant progress has been made, Prof. Indroyono believes there is still untapped potential in the remote sensing industry. By bolstering regulatory frameworks, investing in R&D, and fostering collaboration among stakeholders, the industry can continue its growth trajectory and realise its full potential in the years ahead.
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In a strategic move to bolster innovation and technology (I&T) ecosystems, the Hong Kong Science and Technology Parks Corporation (HKSTP) recently concluded an impactful visit to the Middle East, solidifying various strategic partnerships across Saudi Arabia, Qatar, and the UAE. This landmark initiative aimed to reinforce the world-class I&T ecosystems of both Hong Kong and the Middle East, leveraging digital advancements to propel global progress and collaboration.
Led by Professor Sun Dong, the Secretary for Innovation, Technology, and Industry, the delegation comprised representatives from eight park companies, showcasing Hong Kong’s prowess in innovation at the prestigious LEAP 2024 event.
These partnerships mark significant milestones in HKSTP’s mission to cultivate a truly global innovation community, seizing opportunities for multilateral technology collaborations and fostering cross-border innovation networks.
Among the standout achievements was Halo Energy Limited (Halo), a leading provider of electric vehicle (EV) charging solutions, securing two major partnerships in the UAE and Qatar. These strategic collaborations aim to explore opportunities for EV charging deployment and investment in the Middle East, laying the groundwork for sustainable transportation solutions in the region and driving the adoption of clean energy technologies.
A biotech company, a subsidiary of an HKSTP park company, inked a trilateral agreement with the Dubai Economic Development Corporation and another HK business. This partnership will expand the biotech research and development (R&D) footprint in the UAE, focusing on advancements in human and veterinary diagnostics and lab testing.
The collaboration underscores the commitment to technology exchange and innovation-driven solutions, fostering a dynamic ecosystem for biotech and green tech investments in the Middle East.
Furthermore, a pioneer in smart building solutions forged a strategic partnership with a Dubai-based company. This collaboration aims to promote energy-saving and green building solutions, with plans to implement its innovative platform in 100 commercial buildings across the region over the next 18 months. By harnessing the power of digital technologies, the partnership seeks to drive sustainable urban development and enhance the efficiency of built environments in the Middle East.
Albert Wong, CEO of HKSTP, emphasised the transformative potential of these partnerships in propelling both regions into a new era of innovation and collaboration. The strategic MoU signed with the King Abdulaziz City for Science and Technology (KACST) in Riyadh, Saudi Arabia, represents a pivotal step towards technology exchange and startup support between the two ecosystems, fostering an environment conducive to groundbreaking initiatives in technology and industry practices.
The delegation also explored strategic partnerships with another group, facilitating startups’ market expansion efforts in the Middle East, and engaged with leading innovation hubs such as Masdar City, Hub 71 in Abu Dhabi, and the Sharjah Research Technology and Innovation Park (SRTIP). These interactions fostered discussions on fostering innovative ecosystems and promoting collaboration across government, industry, and academia to drive research and development initiatives in key sectors.
HKSTP was optimistic after showcasing its vibrant I&T ecosystem at the Hong Kong Pavilion during LEAP 2024 in Riyadh, Saudi Arabia. With meaningful synergies anticipated between the two regions, the event provided a platform for HKSTP to highlight Hong Kong’s technological strengths and solidify its position as a gateway to the Greater Bay Area. T
Through demonstrations by eight Science Park tech ventures and a panel discussion moderated by CEO Mr Albert Wong, the event aimed to uncover new commercial opportunities and foster international partnerships for a prosperous I&T future.
The HKSTP’s Middle East delegation exemplifies the power of international collaboration in driving digital transformation and innovation. By forging strategic partnerships and fostering cross-border innovation networks, HKSTP is at the forefront of propelling global progress and shaping a future where technology transcends borders to address complex challenges and unlock new opportunities for all.