This article was last updated on April 16, 2022
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The Information and Community Technology (ICT) sector of the Singapore economy is going to experience a boost of S$46m investment to be injected in the economy over the span of next five years.
The injection of money is going to raise the performance and productivity of the sector to a significant level. Lui Tuck Yew, second minister of Foreign Affairs and the Minister of Transport expressed so while speaking to the media on Tuesday. He said that the roadmap will encourage local companies of the industry to expand themselves with better equipment, improved technology, advanced human resource, and product diversification. The improved infrastructure will thereon allow the companies a better local and international standing with exposure of a lot more new markets.
Mr. Lui made the announcement at the inaugural ceremony of the Asia-Pacific ICT summit where all information technology experts were present. These included big shot companies like Google, Skype, and Microsoft. The discussion topics at the two-day conference will include customer engagement via social media, online reputation management, and optimizing web performance.
He said, “The growth of ICT has also paved the way for a young but rapidly growing Interactive Digital Media, or IDM sub-sector, which includes mobile media, games and simulation. Combining strengths in ICT and digital media, Singapore is riding the wave of digital revolution and we expect to see sustained momentum in ICT and IDM growth over the next year”.
The infrastructure aims at achieving 10,000 information professionals, 1,100 local infocomm companies, and promoting value addition per working professional.
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