The Singapore Government has launched the Government Technology Agency (GovTech) to spearhead its digital and data strategy, saying it will partner public agencies, industry and citizens to transform public service delivery through the use of technologies such as data science and analytics, artificial intelligence and machine learning.

Read more: New Singapore Government agency to oversee digital strategy

IDC says it expects spending on IoT by Chinese manufacturing enterprises to reach $US127.5 billion by 2020, a compound average growth rate of 14.7 percent from 2016 to 2020.

IDC says software and services between them will account for 60 percent of expenditure. It notes that IoT has been enshrined in China's 13th Five-Year Development Plan and has become a strategic emerging industry in the country.

Read more: Chinese manufacturers tipped to spend $127b annually on IoT

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