Adapt to tech changes or risk becoming obsolete: Iswaran

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.