"This is not just because most of them have had to rely on technology to continue to deliver to their customers, but also because of their agility and adaptability to innovate. As the region starts to emerge from the pandemic, this trend will play a pivotal role in the economic recovery.
About 16 per cent of SMEs in the region are considered Digital Challengers or Digital Natives, having a strategy for the use of digital technology and being proactive in market responsiveness. Meanwhile, 31 per cent are still Digital Indifferents, or companies that are reactive to market changes and have not embarked on any digital initiatives.
However, they face challenges such as a shortage of digital skills and access to talent, lack of necessary technologies, and lack of commitment or budget from management. Mr Roy noted that governments, educational institutions, large corporations and industry bodies will have to come together to help SMEs seize digitalisation opportunities and derive the greatest long-term value from their transformations.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SMEs in Indonesia most confident of surviving Covid-19: surveySMALL and medium enterprises (SMEs) in Indonesia, Vietnam and Thailand are among those that are most confident of their ability to survive and thrive after the Covid-19 pandemic, according to a study by technology firm HP. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Certis to extend free temperature-tracking platform to SMEsSECURITY firm Certis announced on Monday that it will extend its temperature-tracking platform, iTemp, to over 270,000 businesses including small and medium-sized enterprises (SMEs) in Singapore, as a way togive back to the community amid the Covid-19 pandemic. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US sees manufacturing growth ahead of Federal Reserve meeting, GDP data[WASHINGTON] The Federal Reserve is set to meet this week ahead of a key GDP estimate as new data shows recovery in US manufacturing, although surging coronavirus cases threaten the economy's gains. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
SMEs in Indonesia most confident of surviving Covid-19: surveySMALL and medium enterprises (SMEs) in Indonesia, Vietnam and Thailand are among those that are most confident of their ability to survive and thrive after the Covid-19 pandemic, according to a study by technology firm HP. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US sees manufacturing growth ahead of Federal Reserve meeting, GDP data[WASHINGTON] The Federal Reserve is set to meet this week ahead of a key GDP estimate as new data shows recovery in US manufacturing, although surging coronavirus cases threaten the economy's gains. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »