HEALTHCARE and education may seem to be very different industries, but some key questions apply to both: How can quality be improved, while keeping services accessible and affordable? How can better processes and technology increase efficiency? And how can good jobs be created?
AS MODERN services transform, entire business models may change. In law, for instance, technology allows some services to be provided on a subscription basis rather than with per-hour billing or a fixed fee.
EVEN if manufacturers were once reluctant to change, they now know the need for Industry 4.0. Yet what exactly that means may be less clear.
TRANSFORMING the built environment sector isn't just about construction robots or prefab walls. It starts with early design efforts, and continues after a building is completed. This holistic view is clear in the industries overseen by the Future Economy Council's built environment subcommittee: not just construction and real estate, but also environmental services and security.
INSTEAD of a collection of five discrete industries, the trade and connectivity cluster - one of six Future Economy Council groupings - is better seen as a web. As the name suggests: "Everything is about interconnection," says cluster subcommittee co-chair Koh Poh Koon, Senior Minister of State for Trade and Industry.
WITH consumers going digital, the lifestyle sector must keep up. Online retail insights can spur offline gains; a Web presence can snare new customers; and cold hard technology can enable warmer service. In fact, it "actually allows more human touch at the points that matter", says Future Economy Council lifestyle subcommittee co-chair Sim Ann.