Singapore Exchange Limited – Digital Transformation Strategies
All the vital news, analysis, and commentary curated by our industry experts.
SGX Digital Transformation Strategies Report Overview
Singapore Exchange Limited uses emerging technologies as a part of its digital transformation strategies. The annual ICT spending of SGX was estimated at $53.6 million in 2022. A major share of this spending is earmarked for acquiring software, network and communications, and ICT services from vendors. Singapore Exchange Limited (SGX) is a financial market “infrastructure,” operating equity, derivatives, and fixed-income markets. It offers trading, listing, settlement, clearing, depository, and data services, with approximately 80% of listed bonds and 40% of listed companies and originating outside Singapore. SEL is a liquid offshore market for the benchmark equity indices of ASEAN members and non-members, including India, Japan, and China; and provides currency and commodity derivatives products. The company also offers data and market connectivity services.
|Total ICT Spending 2022||$53.6 million|
|ICT Spend by Function||Communications, Data Center, Network, Application, End-User Computing, Service Desk, and Management|
|ICT Spend by Channel||Internal Development and Maintenance, Technology Vendors (Direct), Local Resellers, Telcos, ICT Services Providers/Consulting Firms, Specialist Outsourcers, and Systems integrators|
|External ICT Spend by Segment||ICT services, Software (including Cloud SaaS), Hardware (including Cloud Iaas), Network and communications, Consulting, and Others|
|Technology Theme Focus||Artificial Intelligence, Big Data, Blockchain, Cloud, and Robotic Process Automation|
The SGX digital transformation strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. The information included in these reports is sourced from a mix of our very own internal database and authentic secondary research links such as the company’s annual report, presentations, press releases, etc. The report covers an overview of the company, its digital transformation strategies, technology focus areas, technology initiatives, technology introductions, partnerships, investments, acquisitions, and ICT spending among others.
Digital Transformation Strategies
SGX is leveraging AI, ML, and big data technologies to improve operational efficiency and help traders trade fast and securely, by reducing latency rates and introducing data tools. For instance, SGX RegCo uses an AI-powered, real-time surveillance system to monitor trade transactions. Along with its partners, SGX is embracing blockchain technology to develop innovative digital platforms for payments and asset transactions. For instance, it collaborated with HSBC Singapore and Temasek on leveraging distributed ledger technology (DLT) for the issuance and servicing of fixed-income securities.
Buy The Full Report to Gain More Insights on The Digital Transformation Strategies and Initiatives Of SGX, Download A Free Report Sample
SGX Technology Theme Focus
SGX is utilizing many emerging technologies including artificial intelligence, big data, cloud, blockchain, and robotic process automation to enhance operational efficiency and product offerings.
SGX Technology Theme Focus
Buy The Full Report to Know About Other Technology Themes Under Focus for The Company, Download A Free Report Sample
SGX Technology Initiatives
SGX has been involved in several strategic technology partnerships and collaborations, technology developments, and rollouts over the past few years. For instance, SGX selected AI/ML-enabled document analytics company Impactsure’s SaaS platform to extract structured corporate financial data from its data repository. Impactsure deployed its SureXtract solution at SGX, which is powered by the Secured Unified Responsive Engine (SURE). The platform leverages AI, ML, and NLP technologies to derive insights from structured and unstructured data in printed documents, contracts, scanned images, pictures, handwritten notes, IoT sensor data, and many other applications. SureXtract data extraction platform supports SGX in extracting financial statement data of SGX-listed companies from unstructured PDFs efficiently and reliably.
Buy The Full Report for More Insights on Other Technology Initiatives Of SGX, Download A Free Report Sample
SGX ICT Spend by Function
- End-user computing
- Service desk
SGX ICT Spend by Function, 2022 (%)
Buy The Full Report for More Insights on ICT Spending by Function, Download A Free Report Sample
SGX ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- ICT services providers/Consulting firms
- Specialist outsourcers
- Systems integrators
SGX ICT Spend by Channel, 2022 (%)
Buy The Full Report for More Insights on ICT Spending by Channel, Download A Free Report Sample
SGX External ICT Spend by Segment
- ICT services
- Software (including Cloud SaaS)
- Hardware (including Cloud Iaas)
- Network and communications
SGX External ICT Spend by Segment, 2023 (%)
Buy The Full Report for More Insights on External ICT Spending by Segment, Download A Free Report Sample
This report provides:
- Insight into SGX’s technology activities.
- Insights of its digital transformation strategies and technology center & innovation program.
- Overview of technology initiatives covering product launches, partnerships, investments, and acquisitions.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets and major ICT contracts.
Reasons to Buy
- Gain insights into SGX’s technology operations.
- Gain insights into its technology strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into its various product launches, partnerships, investments, and acquisitions.
Table of Contents
– Brief information about the company, its business divisions and its financials
Digital Transformation Strategy
– A summary of key digital strategies/implementation efforts of the company
Accelerators, Incubators, and Other Innovation Programs
– Discusses the company’s key strategic units, innovation labs, incubation and accelerator programs dedicated to technology innovation
– Lists the technology themes pertinent to the industry the company operates in and highlights the themes adopted by the company
– Discussion about all the technology introductions & partnerships the company has entered
– Brief discussion about the investments made by the company to acquire new technologies
– Brief discussion about the acquisitions by the company
Partnership, Investment & Acquisition Network Map
– A bird’s eye view of all the partnerships/investments/acquisitions that the company has made in the last 3-5 years
ICT Budget and Contracts
– The company’s ICT budget segregated into hardware, software, and managed IT services
– Lists key executives and Digital Transformation Executives of the company, typically the key decision makers/influencers
Frequently asked questions
What was the total ICT spending of SGX in 2022?
The annual ICT spending of SGX was estimated at $53.6 million in 2022.
Which is the leading ICT spending category by function for SGX?
Datacenter is the leading ICT spending category by function for SGX in 2022.
Which is the leading ICT spending category by channel for SGX?
Internal development and maintenance is the leading ICT spending category channel for SGX in 2022.
Which is the leading ICT spending category by segment for SGX?
Software (including cloud SaaS) is the leading ICT spending category by segment for SGX in 2022.
What are the key technology themes in focus for SGX?
The key technological themes in focus for SGX are artificial intelligence, big data, blockchain, cloud, and robotic process automation.
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.
Business Intelligence & Marketing Manager, SAL Heavy Lift
“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.
GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”
Market Analyst & Management, Liebherr-Werk
“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”
Head of Key Accounts, Saab AB
Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.
Marketing Intelligence Manager, Portugal Foods
Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.
Head of Customer Insight and Research, Standard Chartered
Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.
I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.
I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.
Head of Consumer Sensory Insights, Givaudan
“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.
Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”
Senior Account Manager, TSYS
GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise. The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.
I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.
One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.