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Singapore, a 2019 Innovation Champion: CES

According to the annual Consumer Electronics Show, CES, Singapore was among 16 countries recognised as a ‘2019 Innovation Champion’.

During the second edition of the International Innovation Scorecard developed by the Consumer Technology Association (CTA) and presented during the CTA’s State of the Industry Address at the CES, 16 countries were identified as innovation champions.

Out of 61 countries, the CTA’s International Innovation Scorecard listed Estonia, Switzerland and Finland as having the highest composite scores. Singapore came in fifth, just after the United States. The other 12 countries were Australia, Canada, Denmark, Germany, Israel, Luxembourg, the Netherlands, New Zealand, Norway, Sweden and the United Kingdom.

The CTS assessed the countries across 28 indicators to determine whether they stifle progress or work to fuel innovation and improving lives.

The CTA rates each country on the Scorecard ranks in one of four tiers: Innovation Champions excel in almost all areas, followed by Innovation Leaders, which earn high scores in most. Behind the Leaders are Innovation Adopters, which promote innovation in some areas but not others. Finally, Modest Innovators may support innovation in one or more areas, but they show the greatest room for improvement.

The International Innovation Scorecard considers a range of indicators, including whether or not publicly available, verifiable and independent third-party data exists; if comparable data across nations exists; and if governments can influence public policy.

According to its scorecard, Singapore scored highly for being open to innovation and was the first country to test self-driving taxis. It noted that over 50% of the workforce is highly skilled and almost half of all college degrees granted are in science, technology, engineering and mathematics (STEM) fields.

The report stated that the city-state passed clear guidelines for ride-sharing operators, which helped to improve its ride-sharing grade from C to B.

Another area where Singapore ranked well was its monthly fixed broadband cost – 0.5% of gross national income (GNI) per capita that is notably lower than countries like Australia at 1.1 % and New Zealand at 1.8%.

The country also has a high new business entry rate of over eight per 1,000 people, and one of the lowest corporate tax rates of any country (only 17%). Streaming services are also not subject to tax.

The CTA noted Singapore’s mean download speed for fixed and mobile data was 60.4 megabytes per second (Mbps). This is also considerably higher than that in Australia (11.7 Mbps) and New Zealand (23.8 Mbps).

It also topped the diversity scorecard, with immigrants making up a large chunk of the country’s population (46%) and an above-average level of gender parity among workers that fall between the ages of 25 to 54.

Singapore also stands out for its notably welcoming approach toward drones. In 2018, the country’s Transport Ministry, Civil Aviation Authority and the real estate company JTC Corporation announced plans for a new drone research initiative. The centre will house five projects involving drones, ranging from delivery to search and rescue and emergency response applications

Although Singapore did well, the report said there are areas the country could do better in. It suggested that Singapore can improve its levels of both personal and political freedom. Also, it could lift its three-month threshold for private rentals and ease strict fines imposed on short-term rental hosts.

Singapore scored A for 10 out of 14 categories measured.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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