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Lack of software developers hobbling growth

Study estimates Singapore economy losing S$1.6 billion annually in growth

Published Wed, Sep 12, 2018 · 09:50 PM
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Singapore

SINGAPORE'S economy could grow by an additional S$1.6 billion annually - if companies can harness their software developer resources more effectively, a study commissioned by San Francisco-based financial technology company Stripe has found.

The study, conducted independently by Nielsen, notes that access to developers is a major challenge faced by Singaporean businesses, 90 per cent of which are "reliant on software to launch products", and which are "increasingly technology companies".

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