9 May 2005 - Speech By Mr Chan Yeng Kit, Chief Executive Officer, Infocomm Development Authority of Singapore At IDA-Oracle Enterprise-G @ Singapore Update Press Conference, Oracle Office, Suntec Tower Four.

Speech By Mr Chan Yeng Kit, Chief Executive Officer, Infocomm Development Authority of Singapore At IDA-Oracle Enterprise-G @ Singapore Update Press Conference on 9 May 2005, Oracle Office, Suntec Tower Four.

Good afternoon, members of the press, ladies and gentlemen.

1. First, let me congratulate Stanley and his team on Oracle's official opening of its Singapore office. It demonstrates Oracle's continued commitment in Singapore. Over the years, Oracle has been a friend to Singapore's Infocomm industry. Oracle is one of Singapore's largest software company today in terms of employee size. It has been running its Asia-Pacific business from here since 1988, and is also a long-time and active member of IDA's iLIUP program. It has also placed significant investment into Singapore, most recently, two multi-million dollar centres last year to help drive emerging technologies. One is the Oracle Advanced Technology & Solutions Centre, or ATSC, and the other is the Oracle-Red Hat Linux Enterprise Applications Porting, or LEAP, Centre.

2. Just last year, Oracle shared its technology leadership in enterprise Grid with the local industry through the three-year IDA-Oracle Enterprise-g @ Singapore collaboration. The collaboration succeeded in extending Grid to the government sector with a proof-of-concept established with Singapore Land Authority's Land Data Hub project.

3. Riding on the success of this POC is yet another win for the Enterprise-g @ Singapore collaboration. This time round, we are collaborating to develop Grid capabilities through g-MAP, a pioneering enterprise grid certification programme, and to set up the Enterprise-g Center, Oracle's first enterprise grid-focused centre in Asia. The press conference will unveil to you the details of this certification programme.

4. But for now, I thought I'd share with you the importance of Grid to the growth of Infocomm in Singapore, and how companies can benefit from Grid.

5. Grid Computing brings a paradigm shift in basic IT practices - from the ownership of computational assets to the buying of compute services. This shift changes business models and opens the door for greater ICT growth opportunities. It impacts immediately the business of ICT outsourcing, and in the longer term, strengthens Singapore as an ICT hub. Recognising that the industry can benefit from embracing Grid, Singapore also recently announced at GridAsia, Phase 2 of the National Grid project that aims to bring the benefits of Grid from the R&D community to the industry. Enterprise-g @ Singapore supports this national effort.

6. There is optimism in the growth of grid. According to an IDC report released in April 2004, the global Grid market is estimated to be worth US$12 billion by 2007. Singapore wants to be ready for a slice of this lucrative pie, and we have been actively promoting Grid efforts for the benefit of the industry.

7. Firstly, by collaborating with MNCs at the forefront of technologies, we hope to co-create a pool of knowledge and expertise that will spur local Grid innovation, adoption, capability and market development. For instance, through efforts such as IDA-Oracle's Enterprise-g @ Singapore collaboration, we will train Infocomm professionals, drive Grid R&D through Singapore for Asia, and catalyse adoption in industry clusters.

8. Also, we are encouraging the industry to band together to trial and co-create grid-enabled solutions that will revolutionise the way things are done in key growth sectors in Singapore. Already we are seeing initial progress in sectors such as Construction and Manufacturing, as well as Digital Media.

9. Through IDA's Collaborative Engineering Programme (CEP), a set of collaborative tools that enable designers and engineers to better integrate their work processes from conceptualisation to delivery, will be ready in 2006. The result is some 4 to 7 per cent of cost savings for the Construction and Manufacturing companies. In the Digital Media space, IDA has also banded together industry players to successfully put in place a prototype environment that allows local and international 3D animation players to remotely submit their projects for rendering.

10. We encourage the industry to participate and tap on these trials to find out how you can leverage on Grid for competitive advantage.

11. For the Infocomm professional, such Grid activities will continue to ramp-up over the next three to five years, and so will the demand for grid-skilled professionals. That is why it is important to prepare for the future now, and the launch of g-MAP today can help you get there.

12. I thank Oracle for their support of local Grid developments and their continued friendship and presence in Singapore.