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Singapore’s IMDA introduces Digital Economy Framework for Action to promote collaboration

On 21 May, the Infocomm Media Development Authority (IMDA) introduced the Digital Economy Framework for Action to build Singapore’s competitive edge in the digital era through promoting collaboration and building vibrant ecosystems.

The Digital Economy Framework for Action seeks to enable businesses to transform to digital businesses, empower workers with technology, and create connected citizens. It encourages collaboration and partnership to strengthen digital capabilities across the nation.

The Framework for Action comprises three thrusts:

1.       Accelerate digitalisation journeys of industries and companies

To accelerate the digitalisation of existing sectors, IMDA is introducing three major programmes. They are the launch of:

(1) A nationwide e-invoicing standard as a first step to get all businesses to start their digitalisation journey. Singapore will adopt the Pan-European Public Procurement On-Line (PEPPOL) e-invoicing standard and will become the first national authority in Asia to do so.

(2) A Federated Lockers and Collection Points Network to boost Singapore’s e-commerce sector. BluPort and SingPost have been awarded the Federated Locker operators for the pilots at Bukit Panjang and Punngol respectively. A tender has been awarded to Parcel Perform to develop and run an open, interoperable nationwide platform that allows different parcel operators to deliver to the federated lockers, thus benefiting e-commerce businesses and consumers.

(3) the Digital Project Management Services to enhance the SMEs Go Digital programme to help SMEs with the implementation of their digital plans through a pool of digital project managers. The Singapore Manufacturing Federation (SMF) has been appointed as the first operator of these services.

2.       Strengthen Singapore’s ability to compete internationally

To grow Singapore’s competitiveness by integrating ecosystems and fostering new ecosystems, the IMDA will launch the Open Innovation Platform, a virtual crowd-sourcing platform to connect and match problem owners and solution providers, in June 2018.

3.       Transform the infocomm and media (ICM) sector

To deepen capabilities in frontier technologies and nurture the next generation of globally competitive digital champions, IMDA seeks to help local media enterprises and professionals acquire new capabilities, and partner new digital content platforms and integrated ecosystem players through the Future of Media programme.

One of the frontier technologies that have been identified to transform Singapore’s ICM sector is immersive media. As such, IMDA will support the construction sector’s first pilot digital shared platform incorporating multi-user VR environment. This is expected to improve communications across the construction value chain resulting in cost saving and shortened project delivery.

IMDA also launches the GoSecure initiative to offer 200 ICT companies Security by Design Consultation and Vulnerability Assessment at a nominal fee.

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