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Cisco launches co-innovation centre and cybersecurity CoE in Singapore

Cisco announced the launch of its Co-Innovation Centre and Cybersecurity Centre of Excellence in Singapore last Friday (15 February).

Both centres are located at Cisco's new 80,000 square foot office space in Mapletree Business City II which is an open plan office designed to facilitate creative “accidental collisions”. In line with the focus areas of Singapore’s Digital Economy Framework for Action, the centres are designed to catalyse digital innovation and development.

The Cisco Co-Innovation Centre will provide physical and virtual laboratories for proof of concept development, experimentation and testing. The first in Southeast Asia, and 14th globally, it will bring together customers, industry partners, start-ups, application developers, accelerators, government organisations and universities to work on problems unique to the region, with a particular focus on cybersecurity and the internet of things (IoT).

At the same time, the Cisco Cybersecurity Centre of Excellence (CCX) will expand Cisco's threat intelligence research and security incident response capabilities in the Asia Pacific region. The CCX comprises a new Talos threat intelligence headquarters and Cisco Security Operations Centre (SOC) that will partner with government, industry, and universities to improve national cybersecurity posture and grow regional talent.

The launch was inaugurated by Chng Kai Fong, Managing Director of Singapore’s Economic Development Board. Cisco is a partner to governments and businesses driving innovation in cybersecurity and preparing local talent for IT jobs of the future. Recent partnerships include a Memorandum of Collaboration with the Cyber Security Agency of Singapore.

In line with the launch, Cisco highlighted findings from a recent study titled ‘Ready, Steady, Unsure - Technology Perspective into Asia Pacific’s Readiness for Digital Transformation’.

The study revealed, in Singapore, 60% of companies have adopted cybersecurity. Among those who have not adopted it, top reason was being unsure of the implications and impact of the technology on business(40%). This was followed by IT infrastructure (35%), lack of skilled staff (35%), and budget constraints (30%).

At the same time, 36% of companies have adopted IoT. Majority (50%) of those who have not adopted IoT said their current IT infrastructure wasn't capable of supporting new technologies (50%). Other reasons included budget constraints (41%), lack of skilled staff (34%), and uncertainties (27%).

Photo / Cisco Photo caption: (L-R) Cisco SVP and Chief of Operations Irving Tan, EDB Managing Director, Chng Kai Fong and Cisco President of APJC Miyuki Suzuki, and Cisco Singapore Managing Director Tay Bee Kheng

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