Cellular phones or mobile phones are now smartphones. Televisions have become smart, automobiles are constantly getting smarter and even refrigerators have become smart. It is only fitting that our cities and entire countries become smart too. It may be a little farfetched to expect an entire country become smart but it is possible with the city-state of Singapore. That is what Prime Minister Lee Hsien Loong believes and there is no reason why Singapore cannot be a smart nation when major cities like New York, Hong Kong and Dubai have already achieved such a feat.
What is Smart Nation?
Many will remember Prime Minister Lee Hsien Loong’s emphasis during the National Day Rally on how Singapore must become a smart nation. A smart nation is simply one that makes good use of available technology. There are some technologies that cannot be put to use on streets or in houses. There are some technologies that can change every aspect of our lives, like internet. Incorporating internet and combining different available technologies can simplify our day-to-day life, help with information integration and surveillance, improve transportation and get rid of innumerable cumbersome tasks.
Singapore is one of the most advanced nations in the world. More than nine people out of ten use smartphones. Internet penetration is almost 90%. The broadband speed for computers in Singapore is the highest in the world. According to two different tests, one conducted by US based Ookla and the other by UK based Cable.co.uk, Singaporeans can download a 7.5 GB movie in less than nineteen minutes. The speed is unmatched, even for the likes of Japan, Germany and Sweden or the Netherlands, all of whom are larger and more advanced economies.
Just as Singapore has established itself as a leader in medical or biomedical technology, it must emerge as a smart nation, just like the smart cities of New York, Hong Kong and Dubai. Singapore still relies on cash and card as modes of payment whereas the world is moving towards a cashless society. India, with its limited internet penetration, has been able to encourage digital payments and even street vendors in several cities accept mobile wallets. China has managed to do the same. It is time Singapore achieves the same and more.
Benefits of being a Smart Nation
The full scope of benefits of being a smart nation is yet to be deciphered. No one really knows how multipronged and multipurpose technological innovations would be. For a starter, Singaporeans will be able to get relief from the hassle of parking coupons. There will be no need for motorists to chase parking coupons or worry about exceeding the allotted time. An app will be launched in October that can be used to set exact times, to extend parking sessions and to effectively take care of all parking needs. A smart nation will facilitate easy, safe and instant payments through smartphones with the help of multiple optional apps. Singaporeans will be able to choose apps to pay for anything from food to clothes, electricity bills to movie tickets. PayNow is being pegged as the natural choice. It is backed by seven banks. Such moves are a stepping stone to a cashless society.
About the Author
Morris Edwards is a content writer at CompanyRegistrationinSingapore.com.sg, he writes different topics like Singapore to Benefit from Danish Smart City Solutions and all topics related to Business and Economy, if you are interested about Business Registration Singapore visit our website.
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