The next growth engine

AS FAR as nation states go, Singapore is relatively young at 60 years old but has achieved a lot in a short timeframe. It has emerged as a regional leader in business, financial services, shipping, air transportation and logistics, developing these advancements within a generation.

As the Republic celebrates its diamond jubilee this year, it is worth having a look at how Singapore proactively leveraged technology to drive its growth and leadership, and how it can continue to do so, especially with the advent of rapid improvements to artificial intelligence (AI).

Singapore’s transformation into a digital leader began decades ago with strategic economic planning. Following independence in 1965, the government prioritised industrialisation by focusing on creating a conducive business environment and building a manufacturing base for global export markets, leveraging the country’s strategic location as a free port.