Singapore firms staggered by costs and training needs in digital push

Quick Summary:

These challenges are hampering Singapore companies in adopting new technology.

The survey also showed that SMEs plan to spend 11 per cent of their annual budget on digitalisation in 2024 while large companies are earmarking 8 per cent.

The committee, newly established by the SBF and tech trade association SGTech, wants to sharpen the focus on what businesses need and consolidate resources to better help them.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Need Business Technology Firms Companies Huang Challenges Singapore Tech Businesses Survey

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-26 @ 14:04:21 (1 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 808 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 22721845

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

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Year Established: 1845

Headquarters: Singapore

News Last Updated: 8 hours ago

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Publisher ID: #25

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