Singapore's digital economy: disruption is here to stay

AS the year draws to a close, businesses in Singapore are taking stock of how the economic landscape has turned out in 2016. While a lot of companies are now aware of the importance of digital transformation, many more are grasping with the realities of the digital era and taking early steps to incorporate digital in their operations.

Next year is expected to be the year when digital transformation moves deeper into organisations from conceptualisation and early implementation stages this year.

Singapore Inc must transform and innovate in order to sustain long-term growth. While recommendations from the Committee on the Future Economy and support from public agencies will help companies build new capabilities for the digital economy, Singapore's business leaders must take steps to reinvent their operations for the digital era.