Digitalisation of local SMEs could add up to US$24b to GDP by 2024: survey

Singapore

HIGHER revenue and productivity gains from digital transformation by small and medium-sized enterprises (SMEs) could add as much as US$24 billion to Singapore's gross domestic product (GDP) by 2024, helping the country rebound from the Covid-19 pandemic.

This is according to a survey of 1,400 small and medium businesses (SMBs) across the Asia-Pacific region, commissioned by Cisco and conducted by International Data Corporation (IDC).