Singapore is one of the most technological countries in Southeast Asia. According to the consultancy group SGTech, in 2022, large companies scaled and sought to increase their technology involvement in this country. Although there is a demand for high-skilled professionals, enterprises are also looking into other forms of productivity. Let’s take a look into these and other recent trends taking Singapore by storm.
Artificial Intelligence & Machine Learning
Singapore has seen an increase in advanced automation technologies and artificial intelligence, the product being more automated processes and a more efficient workplace. Several organizations use AI and automation to transform current systems and get better customer engagement, build resilience, improve productivity, and reduce costs. According to Accenture, the AI application in Singapore will create a gross value of USD 215 billion in the country. Also, 27% of companies in the country adopted disruptive technologies, cloud automation, and chatbots. 24.6% are adopting these technologies, and 6.6% of businesses intend to adopt them in the following year. Although most people think AI will take away jobs from people, it’s creating new opportunities for people looking for a job change or wanting a career switch.
Data Analytics
Enterprises are using big data and analytics to check insights into business data and make decisions based on them. Beroe Inc, a provider of procurement intelligence, estimates that this market will reach USD 30.9 billion this year, with a key feature in big data analytics. Therefore, companies are taking data and analytics into their business functions and procedures. It will help them learn about market trends, analyze consumer behavior and work more efficiently. The data analytics services will reach USD 37 billion with government incentives and investments. Urban services, retail, finance, and healthcare companies are likelier to take on these services. In the process, Singapore is looking to upskill 2,500 people as experts in the sector.
Cybersecurity
Cybersecurity has become a massive concern in companies due to the digitized economy. Most enterprises have increased their cybersecurity budgets by 86%. Also, the government has introduced courses in this domain for schools and higher education. The revenue of the cyber security market in Singapore in 2022 was USD 889 million. Budgets usually go to data protection, data governance, and risk management. Cybersecurity is based on endpoint security, network security, and vulnerability management.
Singapore eVisa
Singapore is the land of technology. If you want to see how new technologies are taking the country by storm, you should plan a visit to this beautiful destination. Depending on your nationality, you would need the [Singapore eVisa], an official travel document to access Singapore. Fortunately, [iVisa] offers a trustworthy platform to process your digital application for this electronic visa. Just complete an online form with your data, receive an email with the travel documentation, and show it to immigration authorities in Singapore. In case you have questions, communicate with their customer service agents, available 24/7. You won’t need to worry about anything given experts will guide you through the digital process, and the best part is you won’t need to visit an embassy either to get this travel document given everything is made online!