Today's global leaders are dealing with huge problems like post-pandemic health care, energy transition, and economic recovery. Asia's leaders also need to identify ways to harness the power of technology to deal with changes that affect their nations and their people. In such a situation, the upcoming Asia Tech x Singapore event is being organized at the right time.
This flagship
event will bring together leaders and innovators from industry and government
to discuss different ways in which technology will shape the shared digital
future. The event's location is Singapore,
which seems to be the right choice as it's the gateway to the world's fastest-growing
digital economies. It is also a country at the forefront of innovation and tech
adoption.
The regional
progress in making the most of opportunities presented by technology is
amazing. About 40 million new internet users came online last year. Now, the
internet penetration rate in South-Ease Asia is 75%. So, the region has 440
million internet users.
Tech
advancements and rising digital adoption have also led to a growing digital
divide and massive variation in digital inclusion levels. It's time for leaders
to harness the potential and benefits of digital transformation and close the
digital divide as well as the economic gaps this creates for individuals.
One of the
things leaders should remember is that they shouldn't work alone or
individually. The countries shouldn't adopt different approaches to regulating
technology as it won't lead to the growth of an inclusive digital economy.
The leaders need
to ensure regional cooperation and exchange to maximize the benefits of tech. Regional
coherence on strategies, systems, and policies can play a key role in boosting
cross-border public services and e-commerce in the region.
The leaders also
have a clear incentive. It is estimated that if there is an increased
investment in digital integration, which is backed by a consolidated and
coordinated Association of South-East Asian Nations (ASEAN) approach, it could
add up to $0.8–$1 trillion to the region's GDP by 2025.
Metaverse
Will be Highlighted
Another thing
you need to look forward to at the Asia Tech x Singapore event is Metaverse. Even
the buzzword, Web 4, is something people need to look forward to. This buzzword
is fueled by the pandemic and Facebook.
Nina Xiang, who
is the co-founder, and CEO of China Money Network, a platform following China's
smart investments and technology innovation, thinks that we will see the Metaverse
riding on the tailcoats of the internet. Eventually, we will also see Metaverse
mirroring the characteristics of the internet's power map of today.
During the Asia
Tech x Singapore event, some other interesting and attention-worthy topics
would be cyber security, artificial intelligence, data, and the cloud. The
focus will also be on the inaugural Asia Satellite Business Week.
Have you heard
of the Asia Tech x Singapore event? Which topics of the event interest you the
most, cyber security or Metaverse, or something else entirely? Share your views
in the comments section below.
Sources:
https://institute.global/policy/bridging-digital-divide-asia-tech-x-singapore
https://www.manilatimes.net/2022/05/22/business/sunday-business-it/asia-tech-x-singapore-future-of-metaverse/1844515
https://latestnews.upexampaper.com/bridging-the-digital-divide-at-asia-tech-x-singapore-institute-for-global-change-more-news-today-live/