Tech adoption linked to better performance in firms

Singapore

THE adoption of more digital technologies by firms, including small and medium-sized enterprises (SMEs), is linked to better performance in terms of value-added and productivity, according to a study by economists from the Ministry of Trade and Industry (MTI).

At the same time, it was found that the pick-up of advanced tools such as e-commerce, data analytics and the Internet of Things (IOT) remains low, with SMEs the main cause for this phenomenon.