This contrasts with how much SMEs adopted AI in 2023 according to the Infocomm Media Development Authority (IMDA)’s Singapore Digital Economy Report released last October. The report found that SMEs had an AI uptake of 4.2%, as compared to non-SMEs at 44% in 2023.
More than 70% of small and medium enterprises (SMEs) from Singapore intend to invest in generative artificial intelligence (Gen AI) solutions in order to stay competitive this year, according to DBS’s Business Pulse Check survey conducted earlier this year.
The annual survey engaged more than 110 SMEs across various industries.
