Singapore came in third among the G20 economies in terms of enabling easy cross-border data flows, behind UK and Japan, according to Salesforce’s Data Beyond Borders 3.0 report.
Open cross-border data flows are crucial to the growth of digital economies as it helps increase competition and enhance opportunities for businesses and communities. Case in point: Cross-border e-commerce has had a 45-fold increase throughout the last decade, reaching an estimated $2.7 trillion in 2023.
