Perceived success of digitalisation stays moderately lowest despite higher understanding and use among smaller than average medium sized businesses (SMEs)

SINGAPORE, 22 OCT 2020 – While 83 per cent of small and average businesses (SMEs) in Singapore will have digital improvement strategies set up, more than half (54 percentage) reported delays in their digitalisation methods considering COVID-19. In addition, despite greater adoption of electronic change, just two in five SMEs view their initiatives to be successful.

The commercial uncertainties brought about by the worldwide pandemic bring made worse a number of the problems that SMEs face in terms of digital transformation. Expense stays a top buffer, in just over half (56 percent) of Singapore SMEs saying that they found it too expensive to digitalise as a result of higher implementation bills – in addition to other factors such an electronic digital expertise space, and low understanding of federal government initiatives to aid firms inside their digital transformation journeys. Read More