"We’re building on a foundation of the different schemes [for SMEs] that were put in place over the years like SMEs Go Digital, chief technology officer as-a-service (CTOaaS), and chief information officer as-a-service (CISOaaS) programmes. [The DEB will encourage the] next round of digitalisation and we expect it to benefit about 50,000 SMEs," says Tan Kiat How, Senior Minister of State, Ministry of Communications and Information (MCI), during DEB's launch at the ATxEnterprise event earlier today.
Singapore’s digital economy generated a value-add of $106 billion in 2022, contributing to 17% of the country’s nominal GDP.
To drive further growth, the city-state has launched a Digital Enterprise Blueprint (DEB) to help small and medium-sized enterprises (SMEs) accelerate their digital transformation. At least 50,000 SMEs are expected to benefit from the DEB over the next five years.
