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Feb 2020

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Singapore: Island state aims to be global hub for AI solutions

Source: Asia Insurance Review | Jan 2020

Singapore has outlined plans to establish itself as a global hub for developing, test-bedding, deploying, and scaling AI solutions, as part of its National AI Strategy.
 
This was announced by Smart Nation Initiative minister-in-charge and minister for foreign affairs Dr Vivian Balakrishnan at an international congress. 
 
Singapore’s National AI strategy is a plan to enable the country to seize the new opportunities brought about by AI, and create value for citizens and also for the rest of the world. 
 
Singapore will adopt a human-centric approach to AI. The island state aspires to be the launch pad for businesses to test AI solutions and bring them to the rest of Southeast Asia, and beyond. 
 
Singapore says that its attraction as an AI partner is its effectiveness in deployment. As a city-state with a single layer of government, Singapore can be nimble in adapting regulations and processes to facilitate the testing and deploying of new technology and solutions. One example is in the development of platforms to share data securely and effectively across organisations, to facilitate the training and testing of AI algorithms. Singapore also has a technologically savvy population. 
 
Singapore will work closely with key international organisations and standard-setting organisations, to develop AI-related policies and standards to help promote the responsible and secure use of AI. A 
 
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