Small Businesses Must Go Digital in Order to Survive
Small and medium-sized businesses are increasingly finding that digitalization may help them increase their efficiency and competitiveness. Prior to the epidemic, we explore the situation of digitization among SMEs and businesses in general in Singapore. Although it is widely assumed that Covid-19 has ushered in a shift toward digitization, there are still several obstacles that SMEs must overcome. Government and policy interventions can help to speed up this process, and we propose a few initiatives that can be implemented to help SME digitization.
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