DemystData has opened an office in Singapore to meet our clients rapidly expanding needs. We’ve set up shop at the Arcc Offices: 11F Straits Trading Building 9 Battery Road, Singapore 049910.

The government and private sector’s active investment in using digital technology to solve a vast array of problems, ranging from traffic congestion to market discovery, has resulted in an onslaught of data assets ripe to be cultivated into a usable form.

Over the past decade the financial sector of Singapore has grown to global prominence. According to the Global Financial Centres Index (GFCI) released this April, it has recently emerged as Asia’s top financial center, ahead of Hong Kong, and the third most important center globally.

This isn’t shocking considering that over 200 banks have a presence in the country and the banking sector has a total asset size of around US $2 trillion.

In fact, Singapore has consistently ranked by The World Bank as the easiest place in the world to do business. However, business could be made even easier by harvesting these data assets into money saving and money generating predictive models. Doing so would allow institutions to further capitalize on Singapore’s growing consumer base.

Further Reading:

http://www.mas.gov.sg/Singapore-Financial-Centre/Overview/Asian-Dollar-Market.aspx
http://www.cnbc.com/2016/04/08/singapore-ranks-third-globally-in-the-global-financial-centres-index-beats-hong-kong.html
http://www.dawn.com/news/1251404/singapore-becomes-worlds-third-top-financial-centre
http://www.bloomberg.com/news/articles/2016-04-08/singapore-overtakes-hong-kong-as-world-s-no-3-financial-center
http://data.worldbank.org/indicator/IC.BUS.EASE.XQ
http://www.straitstimes.com/singapore/big-data-set-for-big-growth-in-spore
https://www.techinasia.com/singapore-big-data-utopia-2020

By Barbara Bridges, Associate Counsel

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