Modeling and Simulations to Investigate Congestion on Subway Systems

Professors Erika Legara and Christopher Monterola presented on leading research led by the Institute of High Performance Computing in the Agency for Science, Technology, and Research (A*STAR) in Singapore on use of big data to create simulations for the Singapore Rapid Transit System aimed to assess cost and convenience in the management of their transport systems. These models were used widely for scenario planning and disruption management, and were the basis of transport-related policy proposals of government.

Welcome Address - Financial Inclusion in the Digital Economy

Asian Development Bank’s Bambang Susantono in his welcome address at this conference highlighted how (i) a sharing economy gathers individuals, companies, governments, and policy makers to share information and resources, creating a network effect and impact that increases access and value for all involved; (ii) digital finance is changing the value proposition for customers and institutions, from microfinance to remittances to government to person payments; and (iii) digital technologies and big data now allow financial service providers to more effectively serve the financially excluded.