During his first National Day Rally address as Prime Minister, PM Lawrence Wong unveiled plans to ease the regulatory load on businesses in Singapore. This recent move by the government is a welcome step towards creating a more business-friendly environment for all, but it also serves as a call...
In Singapore's dynamic business landscape, small and medium-sized enterprises (SMEs), which account for 99% of businesses and 71% of employment in the city-state, are leading the charge in terms of innovation and economic growth. However, as the workforce evolves and employee expectations shift, SMEs must overcome a significant obstacle:...
In the ever-changing digital environment, small and medium-sized enterprises (SMEs) in Singapore face opportunities and challenges in their quest for growth and efficiency. Recognising this, the Singapore government has rolled out several schemes to help SMEs embrace digital transformation.
A key programme that the government developed is the new blueprint,...
AI is the most transformational technology of our time—it has the potential to add meaningful value into almost every facet of our lives and is also capable of tackling some of humanity’s most challenging problems. Turning this potential into reality will mean carefully navigating the evolution of AI so...
Singapore has taken another leap forward as a Smart Nation with a pioneering view on artificial intelligence (AI). The government unveiled the National AI Strategy (NAIS 2.0) in December last year, along with a broader pledge of over SGD 1 billion towards AI computing, talent, and industry development in...
Artificial Intelligence (AI) has transformed from a niche technology into a powerful tool that promises to revolutionize industries across the globe. However, its widespread adoption has been hindered by complexity and accessibility issues, limiting its benefits to only the most technically proficient or resource-rich organizations.
The concept of democratizing AI...
In the past, large enterprises were cybercriminals’ primary focus. However, this is no longer the case with Small and Midsize Enterprises (SMEs) accounting for nearly half of all attacks in 2023.
SMEs store valuable data similar to their larger counterparts, but budgetary constraints and a lack of internal expertise make...
According to a recent study published in March this year, Singapore small and medium business (SMBs) cited rising costs as one of their top business challenges. Recent guidelines announced by the government under new Tripartite Guidelines on Flexible Work Arrangement (FWA) Requests have added an additional challenge, where SMB...
In an era of rapid innovation and entrepreneurship, startups find themselves at a crossroads in seeking financial backing to fuel their growth. Traditionally, the paths available to these fledgling companies have largely been through securing venture capital or pursuing traditional bank loans. However, both routes come with distinct challenges...
The world has become increasingly interconnected, and in an era marked by internationalization, e-commerce businesses are inevitably looking beyond their domestic markets to seize opportunities for growth on the global stage. However, shopping behaviors are changing worldwide as costs of living remain a top consumer concern. As such, consumers...
