Companies worldwide face increasingly complex challenges, competition, and potential revenue loss as a result of unexpected machine failure. In fact, the world’s largest manufacturers are losing close to $1 trillion a year due to machine failure. This trend has been further exacerbated by the COVID-19 outbreak, which...
The Southeast Asian region has always been a critical cog in the global economic engine. Even amid the global health crisis, the region's economy has remained resilient and relatively composed, dropping only by 1.5 percent during the pandemic while the rest of the world dipped by 3.2...
Last December, many consumers suddenly found themselves unable to watch their favourite shows on popular streaming networks and unable to purchase goods from an e-commerce giant. These sites, hosted on the cloud, were likely out due to API issues, or application programming interface, a set of protocols...
Embracing lifelong learning is a must for business growth. In the last decade, upskilling has become an industry buzzword, especially so when COVID-19 hit the globe. Companies have jumped onboard the "upskill train," not only to keep up with the ever-changing business environment and market demands but...
Before the pandemic, mid-market companies in Southeast Asia were seen as major players in economic development, having delivered a rising trajectory for annual sales. In the 2018 EY Growth Barometer, 40% of companies in APAC were targeting double digit growth rates comparing to the projected global growth...
After the disruption that the pandemic caused for businesses globally, traditional business models have begun to gradually recover and adapt to the pressure of a rapid shift in the environment where everything is digital. As businesses are starting to re-emerge this past year, digital transformation is the...
The F&B industry is undoubtedly one of the hardest hit industries by COVID-19, resulting in a more challenging operating environment for many restaurants and eateries. Revenues have significantly dipped and recovery is slow with each phase of Singapore’s COVID-19 journey. Operational factors like steep fixed overhead costs...
The world has entered uncharted waters: COVID-19 has altered everything. Many of us have had to minimise physical interactions to live and work virtually. Companies and individuals have pivoted, reinvented, and transformed to meet the current demand.
COVID-19 is not over yet, and the need...
Small and Medium Businesses (SMBs) play an important role in the economy: according to the Asian Development Bank, SMBs account for an average 97 percent of all enterprises in the Asia Pacific region, meaning that they deserve top priority for protection against cyberattack.
However,...
