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Singapore Airlines has acquired a minority stake
in Australia-founded Data Republic.
The stake in Data Republic was acquired through
a placement of new shares.
Senate, Data Republic’s governance platform,
enables organisations to safely collaborate on shared data
projects in a secured environment, leveraging technology to
protect privacy, provide audit trails and ensure data security.
Singapore Airlines Senior Vice President
Information Technology, Mr George Wang, said, “Singapore Airlines recognises the increasing importance that data plays in allowing
organisations to have an enriched understanding of customers’
preferences. Our investment in Data Republic highlights our
commitment to data innovation through a platform which leverages
technology to ensure data security and privacy and further enhance
our digital capabilities.”
SIA has
been significantly enhancing its digital capabilities through a
multi-phased programme which encompasses company-wide training programmes and
participation by staff in innovation projects across the SIA
Group; building digital capabilities through extensive IT-related
recruitment and a shift to agile delivery of IT projects;
large-scale investment in IT infrastructure; and increased
collaboration with global tech leaders, start-ups and research institutes.
Details of the acquisition have not been
disclosed.
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