As the appetite for Data Driven Governance, Risk Management, and Compliance (GRC) builds across organizations worldwide, it is becoming clear that Asia is on the way to being a huge adopter of cloud-based technology. Singapore is rapidly emerging as a cloud leader in Asia, much as it did as a leader in financial services decades ago.
The Singapore IDA (InfoComm Development Agency) recently published their annual view on Cloud Computing in Singapore that illustrates their leadership. Here are a few highlights:
- Singapore jumped from 10th place to 5th place out of 24 countries in the most recent 2013 BSA Global Cloud Computing Scorecard as a result of their recent introduction of regulation around data protection that is in line with what the EU, US, Canada and other countries have done.
- Singapore’s business cloud adoption is forecast to be at 33% by 2015 — wow!
- Medium and large businesses are adopting Software as a Service (SaaS) for both new applications and to enhance or simplify existing application deployments.
- The SaaS utility pricing model is perceived as having an average 10% savings in operating costs.
- The Singapore Government is aiming to provide cloud infrastructure for all agencies and moving away from traditional legacy IT.
- Singapore has been actively working to attract major cloud infrastructure players to establish data centers in Singapore and is a leader in Asia with the likes of global players Amazon, Fujitsu, IBM, Microsoft, Savvis and Tata active as well as many local players.
At the end of the document are 10 great case studies of the use of cloud technology in Singapore across government, manufacturing, real estate, finance, logistics, healthcare, construction, hospitality, education, and more.
This is a great illustration that cloud adoption in markets outside of North America and Western Europe is accelerating, and that SaaS products, like ACL™ GRC, are in the right place at the right time, being most adeptly positioned to “empower the next generation businesses.”
For those in developing economies: many governments are publicly sharing their cloud progress and strategies, and documents like these are commonplace. We encourage you to search the websites of or contact your local government agency for similar valuable and relevant market data for your region.
We’re excited about the opportunity for Data Driven GRC and the cloud to transform that way people work in Asia and around the world.
>> Read “Cloud Computing in Singapore”