Around the wort there has been astonishingly rapid digital transformation. Here’s a look at Singapore..:
[…] During the circuit breaker, you may have come across this meme: “Who led the digital transformation of your company? A chief executive officer, a chief technology officer or Covid-19?”
It may have been a light-hearted take on what is the biggest crisis we have faced in recent history, but there is some amount of truth in it.
The importance of digital transformation has been talked about for many years. It is also one of the key priorities of the Singapore government; many businesses across the country have been adopting technology and harnessing its power to overcome key challenges and unlock new growth opportunities.
The scale of the impact of technology adoption on businesses has never been more apparent than now. The circuit breaker measures to contain the spread of Covid-19 were heavily reliant on digital technology – right from collaboration platforms to cloud-based services and cybersecurity solutions. It became the lifeline of all businesses irrespective of their size or industry sector.
Even as the government starts to ease some restrictions in Phase Two of Singapore’s re-opening, the pace of technology adoption is unlikely to slow. This trend will be driven by three elements: cloud, caution, and collaboration.