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SG50: What does the future hold?

Richard Spence, Managing Director, ASEAN, Avaya | Aug. 13, 2015
As Singapore celebrates a milestone, and contemplates the next 50 years, here are three ways in which businesses can achieve future success.

This vendor-written piece has been edited by Executive Networks Media to eliminate product promotion, but readers should note it will likely favour the submitter's approach.

Richard Spence, Avaya
Photo: Richard Spence

As Singapore turns 50, a nation reflects on its achievements over the past half a century. Over the years, Singapore has built a strong name globally, topping ranks such as the Business Environment Risk Index (BERI) Report for cities with the best investment potential and placing a close second in the World Economic Forum Global Competitiveness Report. While celebrating its successes, Singapore is already looking to the future in its pursuit of excellence.

Having recently launched its 10 year plan to be the world's first truly Smart Nation, the Info-Communications Development Authority (IDA) of Singapore has already achieved a solid tech infrastructure and accolades from the World Bank as the easiest place in the world to do business. 2015 has seen the rapid adoption of technology innovation that we have come to expect, with the Internet of Things (IoT) and transition of business communications solutions to the Cloud enabling increased workforce mobility and cost-effective business solutions.

Effective communication is vital for both government and businesses alike, but to truly enable growth, communication needs to deliver real engagement between stakeholders. As a nation celebrates a milestone, and contemplates the next 50 years, here are three ways in which businesses can achieve future success:

Addressing the very fabric of our network infrastructure
With over 7.4 billion mobile connections made in 2014 and a predicted US$59 billion to be spent in Asia to enable IoT, the bottleneck for businesses is no longer the access to information but the ability to connect people with the right information at the right time. To accommodate this ultra-mobile, apps-driven, hyper-connected generation, business networks and data flow architectures need to be brought into the 21st century. The need for a robust infrastructure with the ability to integrate applications and devices has never been greater.

With the explosion of devices, systems and communication channels, businesses need to look for solutions that bring benefits of simplicity, agility and extensibility to improve workforce productivity and reduce operational expenses. An example of such an infrastructure evolution was seen last year at the Sochi 2014 Olympic Winter Games. As the official supplier of network equipment, Avaya supported the collaboration and communications needs of some 40,000 members of the Olympic family — officials, athletes and their teams, volunteers and the world's media, each of whom brought an average of three devices to connect to the network — much like the modern Singaporean who has multiple wirelessly connected devices at any given time. As Singapore's Budget 2015 called for increased innovation and greater business agility, the ability to enable IT departments to connect anything, anywhere with secure, elastic services becomes key for continued success in the decades to come.

 

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