SMEs are at the heart of Singapore’s economy, representing 99 percent of all enterprises locally. While SMEs contribute nearly half of the city-state’s Gross Domestic Product (GDP), the SME Digital Transformation study conducted by Microsoft Singapore in partnership with the Association of Small and Medium Enterprises (ASME) revealed that many SMEs still face barriers in their digital transformation journey.
Nonetheless, the opportunities that digital transformation presents to SMEs are wide-ranging. In fact, the Study revealed that Singapore SMEs who are actively implementing digital initiatives projected that their investments will deliver an average of 26 percent in revenue gains and achieve an average of 22 percent in cost savings.
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. In the last five years alone, Microsoft has reached over 100,000 unique SME customers through over 1,000 business partners, who are often SMEs themselves. Microsoft is also working with the Infocomm Media Development Authority (IMDA) and ASME to further accelerate SMEs’ digital transformation in the city-state.
Staying Ahead in an Age of Disruption
Singapore SMEs: Are you ready for a digital future?
Digital transformation has dominated conversations among business and government leaders in recent years. Today, there is little doubt that in the near future every organisation will be a digital one.The opportunities in the digital economy are real. According to the Unlocking the Economic…
Doing away with paper and queues at modern clinics transformed by the cloud
The healthcare sector is at an inflection point today. On one hand, standard operating procedures and a risk-averse culture are yielding predictable, high-quality care for patients. On the other hand, healthcare costs continue to rise and new models of care are now required to address the increased burden of chronic diseases on our modern…
HOYA Surgical Optics – Setting a clear vision for human resource operations
When HOYA Surgical Optics (HSO) first began manufacturing intraocular lenses (IOL) in 1987, the company had its eye firmly set on becoming the leading IOL company in the world. Today, HSO has crossed the 30th anniversary mark and is now the third largest in terms of IOL revenue…
Abrasive Engineering: Embracing Industry 4.0 with smart IoT-based monitoring system
As today’s businesses continue their march to the drumbeat of Industry 4.0, new and innovative solutions continue to be developed around emerging technologies such as the Internet of Things (IoT), artificial intelligence (AI) and cloud computing, by companies that recognise the potential that these technologies offer…
ConnectedLife & Aviva: Caring for an ageing population with IoT
Singapore is rapidly ageing as a society. With the number of seniors expected to double to over 900,000 by 2030, the need to prepare for an ageing population has emerged as one of the key priorities for the city-state. Earlier this year, Budget 2018 unveiled plans to ensure that citizens can age healthily, purposefully and gracefully in an ageing country…
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