How SMEs can own their digitalisation journeys

WITH S$1 billion being set aside in the Singapore Budget 2021 to support mature enterprises' adoption of digital solutions and new technologies, the digital transformation of local mature enterprises including small and medium-sized enterprises (SMEs) is clearly a national priority.

The additional support would be widely welcomed by SMEs, where there is a growing appreciation of how digitalisation can improve productivity, create new opportunities, open up markets, speed up recovery from the pandemic and drive growth.

According to a survey by the Singapore Business Federation in January 2021, the pandemic has already accelerated digital transformation efforts for 84 per cent of the business respondents, by an average of two years.