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Local businesses hoping to digitalise and adopt artificial intelligence (AI) can find tailored solutions with support from the Infocomm Media Development Authority (IMDA) and partnerships with industry stakeholders.Speaking at the inaugural SMEs Go Digital DaSMEs see 52% cost savings from using AI; IMDA to offer more tailored support
Local businesses hoping to digitalise and adopt artificial intelligence (AI) can find tailored solutions with support from the Infocomm Media Development Authority (IMDA) and partnerships with industry stakeholders.Speaking at the inaugural SMEs Go Digital Day held at the Suntec Singapore Convention & Exhibition Centre on Tuesday (Oct 7), Senior Minister of State for Digital Development and Information, Tan Kiat How said that «SMEs can punch above their weight» with the effective use of AI.«We cannot stand still. Technology developments, especially AI is advancing rapidly. Customer expectations are increasing, demanding quicker responses and more personalised services,» he said.According to the Singapore Digital Economy (SGDE) report by the IMDA, the number of local SMEs adopting AI has tripled to around 15 per cent between 2023 and 2024 — resulting in cost savings of 52 per cent on average.Go Digital AdvisorAt the event, Tan launched Go Digital Advisor, a new tool in the IMDA's Chief Technology Officer-as-a-Service (CTO-as-a-Service). Read more