Pitch
New companies would emerge where office spaces are no longer required and work can be done anywhere. Our economy would move to IT-centric.
Description
Make life easier/more difficult for Singapore?
Easier
Describe the change
As Singapore moves towards a smart nation, advances in technology have enabled more Singaporeans to work from home or co-share work spaces.
Workers are able to carry out their work online, engaging in online meetings/discussions and being able to do the work from home, increasing efficiency and productivity. Workers are able to engage in more freelance work and many find opportunities to work with global counterparts and MNCs. The rise of co-sharing work spaces has also led to greater creativity and increased innovation.
Additionally, more Singaporeans are able to engage in e-commerce from their homes which has resulted in a burgeoning economy online. This has helped to negate high rental costs as well as manpower problems common to many brick and mortar shops. Singaporeans have also capitalised on the ecommerce trend, developing many internationally recognised products/shops.
How will this change impact Smart Nation Singapore in 2030?
Singaporeans will be able to remain at home more often and as a result, being able to have more freedom and leeway to engage in more recreational activities. As workers find more freedom in their jobs, more time is devoted towards family and has resulted in a slight increase in fertility rates.
There has also been an increase in the number of Singaporeans engaging in community programs and taking part in community work.
However, as Singaporeans become more reliant on technologies, it has become more apparent that cyber security is an issue. While Singapore has been able to maintain a decent level of cyber security on a national level, individuals are still prone to practising poor internet security and there has been a drastic spike in the number of cyber-security issues like hacking and phishing schemes.
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