Some 40 million people across Southeast Asia came online for the first time last year, according to a report from Google, Temasek Holdings and Bain & Company.
. IMDA is Singapore's regulator for the information, communication and media sector.
To tap into that opportunity, Singapore needs to ensure that it is always at the forefront of research and technology, he explained. The city-state needs to invest, it needs to ensure companies are adopting digital technologies rapidly and it has to make sure there is sufficient, skilled talent across the board to drive the transformation, the IMDA chief executive said.
Technology also cannot be viewed in isolation and the government has a role to play in exploring the intersection of business, society and tech, according to Lew, who is also the commissioner of the Personal Data Protection Commission, which enforces Singapore's personal data protection act. The central business district skyline from the Marina Bay Sands in Singapore, on Tuesday, Nov. 3, 2020.As far as data privacy goes, Lew explained that Singapore aims to be an "innovative regulator" that can balance protecting consumer interests and ensuring that companies can use data to drive innovation.
"Data is at the core of the digital economy and Singapore, we try and take a very practical and pragmatic approach," he said.
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