DR CHONG YOKE SIN
Chief, Enterprise Business Group,
Dr Chong Yoke Sin
Everybody is talking about going wireless and cashless. However, what are the implications of embracing these “less” other than the promised higher efficiency and greater simplicity? Dr Chong Yoke Sin, Chief of Enterprise Business Group from StarHub, weighs in on these trends and shares the opportunities wireless and cashless bring to both users and the technology community.
What are the implications as wireless becomes pervasive?
With increasing adoption of wireless, the Internet of Things (IoT) will foreseeably also become more popular. After all, IoT presents a neat way to collect data subtly.
What do you think is fuelling the growth of the wireless trend?
As chips become cheaper, more powerful and more compact all at once, the implication is that people can now do more with less. What used to be possible only with mainframes can now be done on our mobile gadgets
Compared to China, cashless has not caught on as quickly in Singapore. What do you think is the reason?
It may sound controversial. But in part, I believe this has to do with the trust Singaporeans have in our banking system and financial institutions. The value of our currency and the reputation of our banks are both highly regarded, which is great; but it also means that people are in less of a hurry to go towards cashless.