In a partnership with the Agency for Science, Technology and Research (A*Star), the Government’s Infocom Development Authority (IDA) is set to adopt the cloud-computing technology to aid them to be more efficient in their business operations.
Together, the partners will develop a customized cloud-computing solutions as agreed and signed through A*Star’s Institute of High Performance Computing (IHPC). With this kind of capability, it is anticipated to incorporate cloud-based data analytics, social-media analysis and modeling systems. These kind of technology aims to tap on the Next Generation Nationwide Broadband Network (NGNBN) infrastructure.
The executive director of IHPC, Professor Alfred Huan, envisions that capital investment’s entry barrier will lower and that there will be a shorter idea-to-market implementation because what it can offer will enable businesses to evaluate data through the cloud-based data analytics, and will also help shorten the turnover period among companies that would utilize the social-media analysis and modeling systems. All these are to be of significant contribution to more convenient yet cost-effective tools compared to traditional systems in achieving the various needs of diverse companies in the country.
Cloud-based technology refers to applications, services or resources via the Internet from a cloud computing provider’s server made available to users on demand. It increases storage capacity, enhances functionality or adds additional services on demand without having to commit to potentially costly communications or transportations, which has previously been a major barrier to development.