Dealing with digital disruption

AS DIGITAL technologies continue to reshape industries and companies in Singapore at an increasingly rapid pace, many business leaders here have put digital transformation at the top of their to-do list.

A recent survey by CPA Australia and PwC found that many organisations in Singapore are developing plans to address both the challenges and opportunities arising from the impact of digital disruption. Some 83 per cent of respondents indicate that their organisation has either been through a transformation journey or is in the midst of one. They also expect significant investments in transformation initiatives over the next three years and beyond.

The results of the survey are contained in the State of Digital 2018 Report, which aims to assess the current impact of disruption on their organisations and develop a sense of what the future could look like. The report's findings are based on the responses of 120 CEOs, CFOs, VPs, directors and finance professionals from more than 13 industries in Singapore.