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Singapore businesses 'unsure', 'pessimistic' on three-year outlook, hampering sustainability efforts: Paessler

Jovi Ho
Jovi Ho • 3 min read
Singapore businesses 'unsure', 'pessimistic' on three-year outlook, hampering sustainability efforts: Paessler
While sustainability is one of the top business priorities for the next three years, it does not even feature as one of the top five challenges for businesses across markets and sectors surveyed, says Paessler. Photo: Bloomberg
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Businesses in Singapore view sustainability and digital transformation in silos and not intertwined, says IT monitoring firm Paessler at the release of its new study on June 27, and as the market outlook darkens, firms are opting for one over the other.

The German multinational company’s Keeping Watch: Monitoring Your Path to a Sustainable IT report found that 58% of the businesses in Singapore already have a sustainable IT strategy in place, while 33% are expected to begin in the next one year.

While most businesses across Asean and the Australia and New Zealand region are optimistic about the business outlook over the next three years, businesses in Singapore, however, are most conservative, with 23% being unsure or pessimistic about their business outlook.

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