SMEs prioritising tech investments over other assets: survey
Typically cautious, they are curious about disruptive offerings such as robotics process automation but are not prioritising Software-as-a-Service and digital talent
SMALL and medium-sized enterprises (SMEs) in Singapore and across the region are prioritising tech investments over assets such as factories and machinery, according to a new survey.
The poll by United Overseas Bank (UOB), professional services firm EY and consultancy Dun & Bradstreet found that three in five Asean SMEs polled intend to focus on technology investments in the coming year, with the majority keen on investing specifically in software.
The study polled 1,235 SMEs across the six largest Asean countries - Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam - about their plans for participating in the region's growth. Among the companies surveyed, 203 were from Singapore.
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