Orient Magazine Issue 86 - April 2022 - Page 34

STERLING MEMBERS
CORPORATE MEMBERS
WELCOMING NEW MEMBERS
STERLING MEMBERS
HAYS SPECIALIST RECRUITMENT PTE LTD
Hays Specialist Recruitment Pte Ltd , Singapore (" Hays Singapore ") is one of Singapore ' s leading recruitment companies in recruiting qualified , professional and skilled people across a wide range of industries and professions .
We operate across the private and public sector , dealing in permanent , temporary and contracting positions in more than 15 different specialisms , including Accountancy & Finance , Banking & Financial Services , Engineering , Human Resources , Legal , Life Sciences , Marketing & Digital , Office Professionals , Procurement , Supply Chain , Sales and Technology . Representative Member : Ryan Kealey
CORPORATE MEMBERS
FNZ ( SINGAPORE ) SERVICES PTE LTD
FNZ partners with the entire wealth industry to make wealth management accessible to more people . We combine technology , infrastructure and investment operations in a single state-of-the-art platform . Today , we partner with over 650 financial institutions and 8,000 wealth management firms , enabling over 20 million people across all wealth segments to invest in the things they care the most about , on their own terms . We work with trusted wealth management brands who share our ambition to create digital , hyper-personalized and innovative products for every investor .
Visit https :// www . fnz . com / contact for more . Representative Member : Wanying Lim
UNIVERSITY OF STRATHCLYDE
We ' re a leading international technological University , inspired by our founder ’ s vision of a ‘ place of useful learning ’. Together with our partners , we ' re at the forefront of international research and development in our strategic themes . The seven themes bring together our research , teaching and innovation strengths from the whole University . Modern complex challenges need multi-disciplinary approaches , and our thematic approach enables us to bring the right teams together . Visit https :// www . strath . ac . uk / for more . Representative Member : Julian Taylor
COMMITTEE CONTENT: WHAT ARE THE BUSINESS OPPORTUNITIES IN ICT ENABLED WATER RESILIENCY FOR SMES IN SINGAPORE? What are the business opportunities in ICT enabled water resiliency for SMEs in Singapore? Tim Rockell Managing Director & Founder, EnergyStrat Asia, Consultant for KPMG, and Chair, BritCham Energy & Utilities Committee Derek Murray Digital Advisory Lead - Asia, Mott MacDonald and Chair, BritCham ICT Commitee Ismail Weiliang Civil Engineer (Water) Mott MacDonald Two existential water challenges of water scarci- ty and flooding amplified by climate change, are faced by Singapore’s National Water Agency, PUB. It is taking significant efforts to build capabilities and deploy technology to be a smart, net-zero and cyber-secure water utility provider in Singa- pore and to be a beacon for the region. With one of the strongest IP enforcement regimes and a healthy start-up ecosystem, what are the related ICT enabled opportunities for small medium en- terprises (SMEs) in Singapore? Furthermore, with the signing of the UK-Singapore Digital Economy Agreement, what are the opportunities for SMEs and corporates in both countries to learn, scale and apply such ICT innovations together? The ICT Committee and Energy and Utilities Committee share their insights here.target to reduce per capita consumption to 130 litres per day by 2030 (at 2018 consumption was 141 litres per person per day). Water Resilience ChallengesTechnology enablers are being deployed across Singapore’s entire water sector’s value chain as part of the current SMART PUB Roadmap, a 5-year plan unveiled in 2018. Five technology enablers identified to be deployed are Artificial Intelligence, Internet of Things, Data Analytics, Autonomous Vehicles, and Digital Twins (IWA, 2020). The 2015 World Resource Institute report states that Singapore is at the highest risk of becom- ing severely water stressed by 2040. To address these challenges, Singapore closed the water loop, long before it became fashionable to talk about circularity. Singapore’s water, drainage and sewage system are integrated with its de- salination plants plugged into the cycle. From a consumption perspective, Singapore has set a In addition, 30% of Singapore's land is less than five metres above mean sea level and sea level is expected rise close to one metre by the end of the century. In 2019, the Prime Minister of Singa- pore, Lee Hsien Loong, announced that Singapore would need to spend $100 billion or more over the next century to protect itself from rising sea levels. ICT innovations are needed to support the changes needed across supply, demand and future adaptation. A Beacon for the Region – A Smart, Net-Zero and Cyber-resilient Water Utility Achieving Net-Zero is also significant for Singapore’s national agenda on sustainable de- 35 velopment. The Singapore Green Plan 2030, launched in 2021, looks to achieve long-term net zero emissions as soon as viable. This strengthens Singapore’s commitments under the United Nations’ 2030 Sustainable Devel- opment Agenda and Paris Agreement. PUB has launched its Carbon Zero Grand Chal- lenge which seeks to help Singapore achieve net-zero emissions by mid-century. It is seeking carbon capture, utilisation, removal, and other solutions at all technology read- iness levels that can be integrated with its operations and reach commercial scale within a decade or sooner. Such technologies are needed on existing infrastructure and new, such as Tuas Nexus, Singapore’s first integrated water and solid waste treatment facility. Tuas Nexus will con- nect energy and water needs, it began con- struction in 2020 and is set to be completed in phases from 2025 onwards. The nexus will optimise land use, maximise energy and re- source recovery and will be energy self-suffi- cient by harnessing synergies from two mega treatment plants. Integrating both facilities will result in land savings of up to 2.6 hect- ares. Additionally, the by-product of one facil- ity such as food waste slurry can be combined with sludge from the other to produce biogas which becomes an energy resource within the nexus. The resulting carbon savings will over 200,000 tonnes of CO2 annually, equivalent to taking 42,500 cars off Singapore’s roads. Singapore is open to understanding more on ‘nexus’ technologies and how ICT can be used to enable them. Cybersecurity is a corner stone for Singa- pore’s authorities (IWA, 2020) and the nation is ranked 4th globally in the UN Global Cyber Security Index (GCI) 2020, an index which measures the commitment to cybersecurity of each country. Singapore’s Water Industrial Control Systems (ICS) are considered safe from cyber-attacks as they are segregat- ed from the internet and are not accessible remotely over public networks. In addition, the digital twins that PUB uses for remote monitoring and asset management functions are on a separate network from the critical operational systems that provide the delivery of essential services. Nevertheless, there may be other attack vectors which could inad vertently impact the systems, such as while doing system maintenance. Readiness and resilience – in all aspects – must remain the keystone of risk management, incident re- sponse, and recovery, especially for the criti- cal water sector (CSA, 2019). These are areas with great potential business opportunities for ICT enabled water resilien- cy. UK-Singapore Digital Economy Agreement The UK-Singapore Digital Economy Agree- ment (UKSDEA) signed in 2022 is Singapore’s third DEA, and the United Kingdom’s first, and as noted by H.E. Kara Owen, British High Commissioner to Singapore, "Singapore is a prime mover in the digital economy, and it is a natural partner for the UK to have its first DEA". The DEA includes binding disciplines on cornerstones of the digital economy. Three Memoranda of Understanding (MOUs) were signed in the agreement for Cyber Security Cooperation, Digital Trade Facilitation and Digital Identities. Additionally, SME cooper- ation is supported in order to promote jobs for SMEs and facilitate their connection with suppliers, buyers and business partners (MTI, 2022). Such support will enable SMEs in UK and Singapore’s ICT and water sectors to real- ise wider business opportunities than previ- ously possible. Healthy Start-up Ecosystem Relating to support for SMEs, Singapore es- tablished a dedicated facility “Singapore Wa- ter Exchange (SgWX)” in 2018 to specifically house a vibrant ecosystem of water COMMITTEE CONTENT: WHAT ARE THE BUSINESS OPPORTUNITIES IN ICT ENABLED WATER RESILIENCY FOR SMES IN SINGAPORE?