Empowering Singapore’s SMEs to Go Digital

SMEs represent 99 percent of all enterprises locally, contribute close to half of Singapore’s Gross Domestic Product (GDP) and provide seven in 10 local jobs. As a company with a mission to empower every person and organisation on the planet to achieve more, Microsoft is committed to helping SMEs  in Singapore realise their full potential through technology.

The opportunities in the digital economy are real. According to the Unlocking the Economic Impact of Digital Transformation in Asia Pacific study conducted by Microsoft in partnership with IDC Asia Pacific, digital transformation will add an estimated US$10 billion to Singapore’s GDP, and increase the growth rate by 0.6% annually, by 2021. Business leaders undergoing digital transformation are also already seeing improvements of between 17% to 20% from their digitalisation efforts today, and expect to see more than 40% improvements in the following areas by 2020, with the biggest jump expected in customer advocacy.

Whether you are looking to tap on the Enterprise Development Grant (EDG) by Enterprise Singapore to build capabilities, the Productivity Solutions Grant (PSG) by the Ministry of Trade and Industry’s Grants Management Office (GMO) to accelerate digitalisation, or ride on the newly-expanded Tech Skills Accelerator (TeSA) – an initiative driven by Infocomm Media Development Authority (IMDA), Workforce Singapore (WSG) and SkillsFuture Singapore (SSG) to upskill your employees, we believe that now is the time to start thinking, planning and actualising your digital transformation strategy, for it can bring tremendous value to your business now and in the future.

 


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Singapore SMEs who embrace digital transformation expect to see average revenue gains of 26%: ASME-Microsoft study
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