In challenging times, organisations need not be forced into a dilemma between resiliency and the pursuit of innovation. Resilience entails being antifragile – the ability to resist shocks to improve, evolve, become stronger, and recover quickly. While our natural inclination is to scrutinise finances and tighten corporate spending, reducing innovation budgets instead of eliminating them will allow organisations to continue to take advantage of new opportunities.
It is an open secret that technology can help companies weather an economic downturn by playing a major role in enabling businesses to increase resiliency. As such, tech industry leaders are hoping the Singapore Budget 2023 will include measures that will further encourage businesses in the country to digitally transform. Here’s what they hope to hear during the announcement next Tuesday.
Remus Lim, vice president for Apac, Cloudera
