Monday, June 30, 2014

BWI: Singapore Creates Business Opportunities in Infocomm Services Sector: Singapore Incorporation

 
Source : Singapore Incorporation
Monday, June 30, 2014 3:00PM IST (9:30AM GMT)
 
Singapore Creates Business Opportunities in Infocomm Services Sector: Singapore Incorporation
 
Singapore

The announcement of implementing the TVWS regulatory framework and other Smart Nation technologies last week boosts Singapore’s infocomm industry. It also opens up business opportunities for tech companies, says Singapore Incorporation.

Singapore’s Infocomm Development Authority (IDA) has announced the implementation of a new regulatory scheme for the utilisation of TV White Space (TVWS) last week. This plan is set to increase the availability of bandwidth for faster Internet connection speeds, and create business prospects in this domain. Singapore Incorporation foresees the new plan as one of Singapore’s ongoing efforts to build the capabilities of the infocomm industry.
 
Singapore is one of the world’s pioneer nations to introduce a regulatory structure for TVWS, which are untapped radio spectrums in the TV broadcast bands. There are 24 untapped radio spectrums in Singapore, and they can be used for alternative wireless broadcast communications to transmit data.
 
These regulations are expected to come into effect in November this year and liberalise about 180 megahertz (MHz) of spectrum. Commonly acknowledged as Super Wi-Fi, TVWS operates on a lower frequency that enables it to permeate more obstructions and challenging landscapes over longer distances. In addition, Super Wi-Fi drains lesser energy to broadcast signals, thus saving operational costs for service providers and utility bills for consumers.
 
“There is a growing demand for data communication in Singapore. The TVWS regulatory groundwork will provide confidence and guidance to businesses to develop innovative applications and services over TVWS. These can include machine-to-machine communications and smart metering”, explained Ms. Jane Koh, Marketing Manager at Singapore Incorporation.
 
Singapore has also decided to allow businesses to deploy TVWS technology without having to seek approval from IDA, opening up a myriad of commercial opportunities. This contributes to the development of the Smart Nation Platform (SNP), and places the city-state one step closer to its vision of being the world’s first Smart Nation. Dr. Yacoob Ibrahim, Minister of Communications and Information, proclaimed at the Infocomm Media Business Exchange 2014 last week that the SNP is expected to enhance Singapore’s existing connectivity with technologies.

SINGAPORE BUILDS CAPABILITIES AS A SMART NATION
At last week’s CommunicAsia 2014 Exhibition, the IDA’s Executive Deputy Chairman Mr. Steve Leonard announced the launch of the Partnership for Capability Transformation for the Infocomm Sector (iPACT) programme. The iPACT programme, which is worth S$15 million, aims to unite Singapore’s technopreneurs with large companies to facilitate the co-development and test-bedding of Smart Nation technologies. Motorola, StarHub, Microsoft, and Razer have expressed their participation in this programme to assist local startups to establish.
 
The Exhibition also featured SNP applications such as data analytics solutions by Singaporean tech startups. The IDA promotes local startups to explore and develop innovative products and solutions in Big Data and Analysis that will empower businesses. One example of a local data analytics startup is Bimar, whose tracking technology called LBASense was showcased at the CommunicAsia 2014 Exhibition. Local Measure, an Australian tech startup has also opened office in Singapore last week to provide data and analytics to local businesses in order for them to better serve their market.
 
“Singapore’s IDA and their investment subsidiary Infocomm Investments Private Limited (IIPL) play an active role in grooming local tech startups to build innovation. On top of that, they also make registering a business in Singapore attractive to foreign tech companies by funding tech accelerator programmes”, said Ms. Koh.

About Singapore Incorporation (incorporation-singapore.com)

Singapore Incorporation is a one-stop solutions provider to companies and professionals who want to do business or work in Singapore. Other than incorporating companies, Singapore Incorporation also offers Singapore work pass, accounting and tax, as well as statutory compliance services.
 

 
Media Contact Details

Jane Koh, Singapore Incorporation, ,+65 6303 4614 , info@incorporation-singapore.com

 

KEYWORDS: Business/ Finance:Accounting & management, Business Services, Financial Analyst & Investors, Information Technology, Technology, Telecommunications;General:Economy, Govt. & Public Policy

 

If you wish to change your Business Wire India selection please visit on Business Wire India and use your personal username and password to login.

 
Submit your press release at http://www.businesswireindia.com
 
Note : This is system generated mail. Please do not reply to it.
 

No comments:

Post a Comment