Eileen Yu
for By The Way
| November 8, 2021
| Topic: Artificial Intelligence
Singapore has unveiled two new programmes to drive the adoption of artificial intelligence (AI) in the government and financial services sectors. It also plans to invest another SG$180 million ($133.31 million) in the national research and innovation strategy to tap the technology in key areas, such as healthcare and education.
The fund is on top of SG$500 million ($370.3 million) the government already has set aside in its Research, Innovation and Enterprise (RIE) 2025 Plan for AI-related activities, said the Smart Nation and Digital Government Office (SNDGO) in a statement Monday. These investments have been earmarked to support various research in areas that address challenges of AI adoption, such as privacy preserving AI, and of societal and economic importance including healthcare, finance, and education. The funds also will facilitate research collaborations with the industry to drive the adoption of AI.
The two new AI schemes are part of Singapore’s national AI strategy, with the government programme aimed at advancing the sector’s digital transformation. “Through greater use of AI in government agencies, the government hopes to strengthen policymaking and planning, provide more personalised and responsive services, and optimise government processes for the benefit of citizens and businesses,” said SNDGO.
Banking
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Digital Transformation
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CXO
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Internet of Things
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Innovation
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Enterprise Software