The Business Times
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Tech adoption linked to better performance in firms

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Published Tue, May 21, 2019 · 09:50 PM

    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.

    Singapore economySingapore SMEs

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