Small and medium-sized enterprises (SMEs) in Singapore are already grappling with numerous headwinds - rising inflation, supply chain disruptions, geopolitical tensions, and the lingering effects of the pandemic, have significantly increased costs for businesses. What’s more, 7 in 10 Singapore SMEs are also anticipating a potential recession,...
Every significant stride in human history has hinged on one key factor: communication. Our world, our societies, and our cultures have been shaped by our ability to connect and share ideas, stories, and knowledge. The advent of computers and the internet supercharged this exchange, facilitating unprecedented levels...
The prediction that 300 million jobs could potentially be lost or degraded due to Artificial Intelligence (AI) in the future is certainly cause for concern. However, for traditional SME’s still yet to fully embrace digital transformation, the rise of AI presents them with an opportunity to adapt...
As we continue to navigate the uncertain landscape left behind by the global pandemic and confront the rapid advancements in technology that are redefining the world around us, it is natural for employees across various industries to be experiencing a heightened sense of anxiety about the future...
Businesses today are in the midst of a hotly contested race to extract value from data. In fact, an IDC report commissioned by Alteryx finds that 73% of Singapore-based organisations expect analytics spend to outpace other software investments in the months ahead.
With this...
In a digital-first world where all our data, both personal and professional, is stored online, data protection is a crucial aspect that cannot be overlooked. Despite efforts to encourage businesses to prioritise data protection though cyber insurance, many small-to-medium-sized enterprises (SMEs) remain uninsured. Unfortunately, the common misconception...
Forming the backbone of the nation’s economy, Small and Medium-sized Enterprises (SMEs) are essential for Singapore and account for almost half (44%) of Singapore’s Nominal Gross Domestic Product (GDP), indicating the critical role they play in the country’s economic development. With over 288,000 SMEs in Singapore, SMEs...
Many of the macroeconomic headwinds which created turbulent operating environments for businesses in 2022 are forecasted to persist, with rising inflation, volatile monetary policies, supply chain disruptions and political conflict continuing to impact growth, certainty and stability.
In its recent Regional Economic Outlook Report...
With its current trajectory, cybercrime will cost the world $10.5 trillion USD annually by 2025. One key takeaway is this — cybercrime is big money, and this explains the growing threat of cyberattacks on a scale like never before.
In Singapore alone, organisations are...
