Derrick Loi

5G drives $788B China economic outputChina’s Ministry of Industry and Information Technology reportedly noted 5G commercialisation directly contributed to a total economic output of CNY5.6 trillion over the past five years, arguing the country has claimed leadership in the advanced network’s infrastructure and in key technologies.

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Singapore has recently passed a bill allowing local authorities to oversee critical computer systems at risk of cyberattacks, even if located overseas. Ken Soh, Chair of SGTech's Cyber Security Chapter and CEO of Athena Dynamics Pte Ltd, discusses the importance of this development and the role of the Cyber Security Agency in protecting Critical Information Infrastructure (CII). He emphasises the need for Singapore to stay ahead of evolving threats by enhancing cyber security measures. SGTech's Cyber Security Chapter is dedicated to fostering industry collaboration and innovation to tackle these challenges. As an industry advocate, SGTech continues to support businesses, promoting digital transformation, and extending its expertise to non-tech industries to help them strengthen their cyber security posture. These achievements are made possible through the collaborative efforts and contributions from SGTech's Cyber Security Chapter, Cloud and Data Chapter, and Data Center Chapter. For more insights, check out Ken Soh's interview with CNA here: https://lnkd.in/guEHyGHR #SGTech #CyberSecurity #TechTrends

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Hybrid cloud solutions are driving innovation and digital transformation in Singapore's smart nation initiatives. This approach combines the best of private cloud, public cloud, and on-premises infrastructure to optimise performance and cost-effectiveness while addressing concerns about data sovereignty and regulatory compliance. Sensitive data may stay on-premises while taking advantage of the scalability and innovation of cloud platforms, all while addressing concerns about data sovereignty and regulatory compliance. Know more about how to leverage Hybrid Cloud in shaping Singapore's digital future In the Conversation With industry leaders:  Siew Kit L., Vice President (Technology & IT) at Singapore Cruise Center   Dr Ravi Sachdev, Chief Clinical Informatics Officer at Tan Tock Seng Hospital More information on the event: https://lnkd.in/gr76Ctnx #OGLF2024 #informandempower #singapore #digitaltransformation #leadership Mohit Sagar, Ellen Quek, Vivek Dharmaraj, Vasanthi Tamil Kalanathan, Thin Yadi (Helen), Kania Aurelia, Bashar Habeb (Jack), Filipus Dimas Kamaragil, Azizah Liyana Saffa

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Barkah Yusuf Elan Hakim This is what we talked about during lunch in TTDI. Malaysia is building a tech based economy based on sound manufacturing and infrastructure. Indonesia has been trying to sell a dream based on platforms and software made by overvalued startups. When the VC money dried up, there was no real sector left to build on. But Malaysia, with real money, kept building. #indonesia vs #malaysia #economy #technology

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The emergence of the SIJORI Growth Triangle laid the foundation for increased economic integration and collaboration among Singapore, Johor, and Riau. The collaborative efforts attracted significant investment interest from various sectors, including digital infrastructure. As the SIJORI Growth Triangle gained momentum, it became evident that digital infrastructure was a crucial component for sustaining and enhancing economic growth. Read the story behind the SIJORI Growth Triangle: https://lnkd.in/g8fJRSQJ #collaboration #digitalinfrastructure #investments #economicgrowth #digitalsector #singapore #johor #riau #region

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AWS's new region in Malaysia now available 🎇It’s crucial to carefully evaluate how this affects your current cloud strategy, especially if Singapore has been your predominant region. Here are some key factors to consider: 1. **Data**: Assess data residency and sovereignty requirements. Determine if storing data in Malaysia offers any regulatory advantages or compliance benefits compared to Singapore. Evaluate how the data movement between regions may impact your applications. 2. **Network Ingress and Egress**: Analyze the impact on network performance. Consider latency, bandwidth, and the cost of data transfer between regions. Ensure that the new region aligns with your application's performance requirements and connectivity needs. 3. **Application Criticality, Functionality, and Operability**: Base your decision on the criticality of your applications, their functionality, and how they operate across regions. Prioritize factors such as resilience, high availability, and disaster recovery over cost alone. Ensure that the new region supports your application's operational needs effectively. Evaluate these aspects carefully to make an informed decision that aligns with your business goals and technical requirements. The right choice can enhance performance, compliance, and operational efficiency. #AWS #CloudComputing #DataStrategy #NetworkPerformance #ApplicationDesign #TechStrategy #CloudMigration #AWSMalaysia

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The message is very clear here. The cyber threats are increasing and yet the ecosystem for cyber crimes is also growing. So the cybersecurity should be more comprehensive and more thorough with the understanding of the cyber crime ecosystem. It’s a profitable business, not some lunatics’ hacking spree.

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Had the privilege of sharing with Senior Minister of State for the Ministry of Communication and Information & Ministry of Health, Dr Janil Puthucheary and industry leaders how SailPoint, the Leader in Identity Security, is leveraging AI to power our intelligent, unified Identity Security Cloud Platform, helping organizations manage and secure real-time access to critical data and applications for all enterprise identities. https://slpnt.co/45Tkj8R #SailPoint #IdentityManagement #IdentitySecurity #DigitalTransformation #ZeroTrustSecurity #Cybersecurity #DigitalIdentities #AI #Automation #NonEmployees #MachineIdentities #JoinerMoverLeaver #IdentityLifecycle #NonEmployeeRiskManagement #AccessRiskManagement #sailpointatlas #MaintainCompliance #ImproveEfficiency #ImproveSecurityPosture #NonEmployeeManagement #ThirdPartyRisk #3rdPartyRisk #DataAccessSecurity #adaptiveIdentity

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Mr Percival Goh Beng Ngan, Executive Vice President / Head, Deep Cybersecurity Capabilities / Group CISO (Covering) at ST Engineering was in the panel discussion "Securing Operational Technology and Building a Sustainable Resilient Strategy: Expert Insights" at GovWare 2024. Find out more: https://jo.my/yvw4ih In an increasingly interconnected world, the security of operational technology (OT) systems is critical to safeguarding essential infrastructures. This panel discussion brings together cybersecurity experts to delve into the complexities of OT security and strategies for building resilient frameworks in the face of evolving threats. #CyberResilience #CyberSecurity #SecureWhatMatters #Innovation #AI #Quantum #DigitalTransformation #STEngineering #OperationalTechnology

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As an advocate for gender equality and more opportunities for women in tech, I’m encouraged that 70% of respondents surveyed by BCG and Singapore’s Infocomm Media Development Authority across Southeast Asia say their companies have initiatives to support women, a whopping 20-point leap since the last survey in 2020. However, only 34 to 40% of tech roles in the region are held by women, just on par with global averages, and women account for only 23% of senior leaders in the top 50 tech companies, with just 8% in technical leadership roles. More can be done. As leaders, we can help break down barriers and create a more diverse and inclusive tech industry. Increasing the representation of women in tech is not just a moral imperative; it also drives innovation and growth in the economy. By modelling inclusive practices and engaging in active mentorship and sponsorship, we can build a brighter, stronger, and more innovative future that benefits everyone. Read the report in the link below. https://lnkd.in/gDFMHK2i #WomenInTech #GenderEquality #Leadership #Innovation #DigitalTransformation #SoutheastAsia #BCG #IMDA

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Proud to partner CTOS Data Systems Sdn Bhd, a subsidiary of CTOS Digital Berhad, to enhance access to #creditinformation and #credithealth for Atome customers in #Malaysia. Our strategic MoU will streamline access to customers' #creditscores and provide consumers with valuable financial insights to make informed decisions regarding credit applications and loans, including gaining a deeper understanding of their credit standing and the factors influencing credit scores and best practices for managing credit responsibly. “Globally, fintechs, e-commerce and e-wallets have transformed the way consumers manage their finances. At CTOS, we are committed to leveraging these platforms to empower as many people as possible with access to their credit health,” said Chiam Hsing Chee, Group CFO of CTOS Digital. “Our partnerships with these leading fintech platforms will enable millions of users to conveniently and seamlessly access and understand their credit health, marking a significant step forward in our mission to promote #financialinclusion and literacy.” ”Providing consumers with easy access to their credit health reports through CTOS is key to advancing #financial and #digitalliteracy in Malaysia. It also underlines Atome’s commitment to easier, simpler and more affordable access to digital-first financial services, while also leveraging our unique expertise in #riskmanagedcredit and #responsiblefinancing," said Daphne Lourdes, General Manager, Atome Malaysia. #financialliteracy #credithealth #creditscore #AtomeMalaysia

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1st half data breach notification report from OAIC. Notifications up 9% and a record May with 112 notifications. 67% of those were a malicious or criminal attack with 30% being caused by Malware or #Ransomware, top verticals targeted Health, Government FSI, Education & Retail. Good insights and advice on cyber hygiene with the ACSC #essentialeight #patchmanagement #allowlisting #cybersecurity https://lnkd.in/gZ-WjBH7

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Singapore and the U.K. are taking commendable strides towards improving cybersecurity in the realm of Internet of Things (IoT) devices. Singapore's Cybersecurity Labelling Scheme (launched October 7, 2020) empowers consumers to make informed decisions by clearly labelling devices based on their security features. The U.K.'s new minimum standards for IoT device passwords address the security risk of weak passwords. This policy enforces the use of unique passwords or user-set ones, along with mandatory disclosure of security update procedures. #cybersecurity #IoT #Singapore #UK #consumers #IoTsecurity #CLS

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🎟️ Concluded two great days at the STACK Conference 2024 in Singapore - gained valuable insights & reconnected with friends and experts. Here are a few key takeaways🚀that resonated with me (more of my notes documented in the Medium post link): 🌟Platform Engineering: A well-designed platform can abstract complexities to drive productivity🛠️for engineers and unlocking scalable growth. 🌟Building organizational culture as a catalyst for innovation💡 🌟Securing the software supply chain🔒is hard but there are many best practices, standards and tools to support the management of the security, integrity, and provenance of our software. 🌟Exciting new SG digital offerings: I'll be keeping tabs on tools like Plumber, GCC Marketplace, AISAY🤖, and GovWallet. A big thank you to the GovTech Singapore organizers and speakers for an insightful and well-organized event👏! #SingaporeTech #PlatformEngineering #Digital #GovTechSTACK #STACK2024

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THE Monetary Authority of Singapore (MAS) will commit an additional S$100 million to help financial institutions build capabilities in quantum and artificial intelligence (AI) technologies. This will include supporting manpower costs and technology solutions in these areas. Classified under the Financial Sector Technology and Innovation Grant Scheme (FTSI 3.0), the funds are also expected to help advance quantum and AI-related innovation and adoption in financial services. FSTI 3.0 had an initial commitment of S$150 million, and currently consists of six tracks including artificial intelligence, regulatory tech and environmental, social and governance fintech.

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The notion of moving to the cloud is no longer just a familiar refrain. It's now imperative for organizations to embrace a proactive "cloud-first" strategy. A well-defined roadmap outlining the path to cloud adoption, along with specific milestones and timelines, is essential for unlocking the full potential of the cloud and ensuring the success of your digital transformation journey.

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Beyond the realm of technology and the capabilities of #MicrosoftAzure, these narratives resonate deeply with me—they're about unleashing the limitless potential of Malaysians. They're driven by an earnest longing for transformation and a beacon of hope. It's the transformative power of innovation that sparks aspirations and uplifts communities, forging paths towards a brighter future. These stories are a testament to the resilience of the human spirit, embodying boundless passion, creativity, and determination as we embark on this collective journey towards a better tomorrow. Love it when stories are told from customer perspectives! It adds depth to storytelling by sharing real experiences, emotions, and challenges.

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Dr Timothy Low ,PBM,Author,CEO,Board Dir will explore how Artificial Intelligence (#AI) is transforming #Singapore's small and medium-sized businesses (#SMBs), particularly in healthcare. In Track 2.2 on October 10 of SMEICC https://smeicc.org he will demystify AI, sharing real-world examples of how it addresses consumer challenges, improves patient outcomes, and fosters growth. Dr. Low will provide actionable insights on AI adoption, highlighting its flexibility, scalability, and potential for seamless integration, enabling SMBs to enhance operations, reduce costs, and stay competitive in a fast-evolving digital landscape. SCCCI Chris Foo Shilpa Karkeraa Michelle Lim, ChangeMaker, MADEducator, Impact Builder Howie Lau How Sin 刘浩新 Association of Small & Medium Enterprises David Isaac Mathews causality M.A.D. School by Chatsworth Medi@rt Academy Graphen Galvin Choo Singapore Business Federation Low Irene NCS Group FlocCare Myraa Technologies Eugene Fidelis Soh Ministry of Manpower Ministry of Digital Development and Information Kiat How Tan Josephine Teo Sutowo Wong Ministry of Health (Singapore) Singapore Indian Chamber of Commerce & Industry Singapore Malay Chamber of Commerce & Industry (SMCCI) Enterprise Singapore IMDA

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🖊️ 𝐒𝐮𝐛𝐬𝐢𝐝𝐢𝐬𝐞𝐝 #𝐒𝐌𝐄 𝐑𝐚𝐭𝐞𝐬 𝐟𝐨𝐫 #𝐌𝐢𝐜𝐫𝐨𝐬𝐨𝐟𝐭𝐂𝐨𝐩𝐢𝐥𝐨𝐭! On 21 May, Enterprise Singapore (EnterpriseSG) signed a memorandum of understanding (MOU) with AI Singapore for SMEs to enjoy subsidised rates for Microsoft Copilot, an #artificialintelligence (#AI) tool embedded in Microsoft 365 applications such as Word, Excel, PowerPoint, Outlook and Teams.   The tool can answer queries, summarise data and create content for its user.   💰 EnterpriseSG will defray 50% of Copilot’s licensing costs for a 12-month period. More than 1,000 SMEs will be eligible to purchase up to 50 user licenses at a subsidised rate. 👨‍🏫 In another MOU signed between Microsoft and IMDA, Microsoft will be conducting workshops to help companies identify cases for generative AI.   ➡️ Many companies are slowly incorporating AI tools into their operations. Which one is most suitable for your business? Discover now: https://lnkd.in/gHuaqpcK

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