Singapore Airlines said on Tuesday that it acquired a minority stake in Australia-based Data Republic via a placement of new shares.
Data Republic provides a governance platform, called Senate, which lets organizations collaborate on shared data projects in a secured environment to protect data security and privacy as well as provide audit trails, SIA said in a filing to SGX before the market open on Monday.
The Singapore air carrier said it would work with Data Republic and its Singapore and Australia partners to use the data-sharing technology.
George Wang, senior vice president for information technology at Singapore Airlines, said in the statement that the investment was part of the carrier’s efforts at data innovation.
“Singapore Airlines recognizes the increasing importance that data plays in allowing organizations to have an enriched understanding of customers’ preferences,” Wang said.
The carrier has been working to improve its digital abilities, with a program that has included company-wide training programs, extensive IT-related recruitment, large-scale IT infrastructure investment and collaboration with technology companies, it said in the filing.
This article was originally published on Tuesday 4 December 2018 at 8:58 A.M. SGT; it has since been updated.