Singapore govt spending on emerging technology projects to more than double to S$2b in FY2022 & More News Here

The Government will spend up to an estimated S$3.8 billion on infocommunications technology procurement in Financial Year 2022. — Christina Morillo / Pexels pic through TODAY

Friday, 10 Jun 2022 10:59 AM MYT

SINGAPORE, June 10 — The Government will more than double its spending on projects adopting emerging applied sciences corresponding to machine studying, sensors and the Internet of Things (IoT), and knowledge science this monetary yr, because it “looks to harness the potential of such technologies to a greater degree”.

The worth of such projects will go up from S$790 million (RM2.5 billion) in Financial Year 2021 to S$2 billion Financial Year 2022, mentioned the Government Technology Agency (GovTech) on Friday (June 10) in an announcement in conjunction with its annual Smart Nation and Digital Government trade briefing.

Among a number of the examples GovTech gave of how these applied sciences can be utilised is an automatic speech-to-text audio providers that the judiciary is exploring as a way to enhance the transcription course of for judicial proceedings.

At current, transcription is finished manually by human operators, and GovTech mentioned that the audio service “could potentially complement the work of transcribers in some cases”.

Another instance GovTech gave is a Smart Facility Management system that the company is working with the Ministry of Education to implement in all faculties to enhance vitality and water effectivity.

When the system is prepared, GovTech mentioned will probably be not solely find a way to monitor utility consumption and enhance labour productiveness by means of automating services administration processes, however it’ll additionally find a way to acquire knowledge for bettering upkeep.

All in all, GovTech estimates that the Government will spend S$3.8 billion on data and communications technology (ICT) procurement this yr, which can be used to “re-engineer government digital infrastructure and build better digital services for citizens, businesses and public officers”.

GovTech mentioned that the spending for this monetary yr is comparable to final yr. For the 2020 monetary yr, the estimated sum was S$3.5 billion.

Almost 70 per cent (S$2.6 billion) of the Government’s projected ICT spending this monetary yr will go in the direction of software growth — to construct new functions and improve present ones.

In complete, GovTech mentioned the Government has invested about S$12.6 billion in ICT over the past 4 years.

“These investments have laid a firm foundation of common infrastructure and platforms for the Government to work more closely with industry to deliver better digital services and generate greater value for the digital economy.”

Government business cloud

Giving an replace on its “Cloud First” technique, which was introduced in October 2018, GovTech mentioned about 55 per cent of eligible authorities methods have been migrated to the Government on Commercial Cloud, and this implies its 2023 aim of getting 70 per cent of those methods on the cloud is inside attain.

In 2018, the Government introduced a five-year plan to migrate most of its data technology methods from on-premise infrastructure to the business cloud to velocity up the supply and enhance the standard of providers for residents and companies right here.

Among the advantages deploying functions on the cloud is that the Government’s ICT infrastructure has grow to be more agile and resilient, mentioned GovTech.

Moreover, it has additionally accrued common price financial savings of between 30 and 40 per cent for every system migrated to the cloud.

The Government has spent more than S$200 million since 2018 to construct up cloud infrastructure and capabilities.

For this monetary yr, about S$1 billion in procurement alternatives has been put aside for projects that can be developed on the cloud.

Turning to collaboration with the trade, GovTech mentioned that the proportion of projects co-developed with trade companions has elevated from about 11 per cent in Financial Year 2020 to 20 per cent the following monetary yr.

This is anticipated to go up to about 27 per cent (S$1.04 billion) in this monetary yr.

Small- and medium-sized enterprises will stand to profit from this, with virtually 80 per cent of ICT procurement alternatives going to them, a stage which GovTech described as “plentiful”. — TODAY

I’ve tried to give every kind of stories to all of you latest news today 2022 by means of this web site and you’re going to like all this information very a lot as a result of all of the information we all the time give in this information is all the time there. It is on trending matter and regardless of the newest information was

it was all the time our effort to attain you that you simply preserve getting the newest information and also you all the time preserve getting the data of stories by means of us free of charge and in addition inform you folks. Give that no matter data associated to different kinds of information can be

made out there to all of you so that you’re all the time linked with the information, keep forward in the matter and preserve getting today news all kinds of information free of charge until right now as a way to get the information by getting it. Always take two steps ahead