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Adapt to tech changes or risk becoming obsolete: Iswaran

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Published Mon, Aug 28, 2017 · 09:50 PM

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    Singapore

    NEW technologies and their applications in countries like China and India have effects on Singapore businesses, said Trade and Industry Minister S Iswaran at the 2017 MTI Economic Dialogue held on Monday.

    Speaking on how technological disruptions affect traditional business models in the transport and retail sector - with the rise of digital platforms including Grab, Uber, DiDi Chuxing, Go-Jek, and Amazon Prime - Mr Iswaran said businesses have to be nimble and adapt to changes or risk becoming obsolete.

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