Singapore must put people at the heart of how it uses technology, stay open and connected to global developments, and ensure good governance in the use of emerging technologies, said Deputy Prime Minister Heng Swee Keat yesterday.
Speaking at the Singapore FinTech Festival at the Singapore Expo, Mr Heng said all technology, no matter how sophisticated, has to be applied with the user in mind."Otherwise, we will end up with exclusive products that only the highly educated can access, or the wealthy can afford," he added.For example, the Republic aims to train 25,000 professionals in basic AI coding and implementation by 2025 to grow the talent pool that can support the newly announced national AI strategy.
THE BIG STORY: Singapore’s new national AI strategy | The Straits Times A key part of this dynamic is the collaboration between the research community, industry and the Government in what is known as the triple helix model of innovation. GOOD GOVERNANCE CRITICAL Singapore is committed to working with researchers and innovators from around the world through a range of open innovation initiatives."Engineers tend to ask 'Can it be done?', while entrepreneurs and venture capitalists ask 'Can it make money?'," said Mr Heng.He singled out cyber security and AI as two emerging areas where good governance is critical.
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