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.
Staying Ahead in an Age of Disruption
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…
Singapore SMEs who embrace digital transformation expect to see average revenue gains of 26%: ASME-Microsoft study
While only 57 percent of Singapore SMEs polled in the SME Digital Transformation Study said they have heard of the term ‘digital transformation’, those who are actively implementing digital initiatives are optimistic about the potential impact that digital transformation will bring to…
At Rajah & Tann, digital is a critical part of the future for the legal sector
In today’s business environment, disruption has become the norm for every industry, and the legal sector is no exception. Along with the rise of office automation and the use of communications and productivity software, there is a wave of legal technologies sweeping across the sector offering intelligent tools to assist with the review of legal…
New research uncovers impact of owning an old PC on SMBs in Asia Pacific
Still own a PC or laptop older than four years old? You may be spending more on its upkeep than buying a new modern device. Microsoft and Intel today unveiled new research from Techaisle, a leading global SMB IT market research and…
More Digital Transformation Stories:
If you wish to be updated on SME-related news and activities by Microsoft, join our mailing list here.