Using technology to advance growth

TECHNOLOGICAL advances are changing the way businesses differentiate themselves. Enterprises need to embrace digital technologies to scale up, internationalise and outperform their competitors. Singapore, being at the forefront of digital transformation, is also seeing how digitisation is becoming increasingly relevant to each industry; financial services, healthcare and education are among the top 10 most likely to be disrupted digitally.

Digitisation is beginning to disrupt industries as it connects machines, assets and people across the business, and organisations need to put more emphasis on this. Singapore's 2016 Budget has indicated that healthcare spending in particular will continue to grow; digital innovations in healthcare such as data analytics will drive more digitally-enabled care.

Digital disruption has also transformed the classroom, bringing a shift to the whole experience and process of education and learning. New "digital institutions" digitise and transform the learning journey, leading to blended learning experiences, "flipped" classrooms models and mobile learning programmes.