Small and medium-sized enterprises (SMEs) in Singapore are the pacesetters within the Asia-Pacific (APAC) region in terms of digital progression, with 72% having a digital transformation strategy in place according to the 2021 DBS Digital Readiness Survey.
Hong Kong came in second place at 47%, followed by China (44%), Taiwan (38%), India (25%) and Indonesia (20%).
However, the survey also found that the region’s SME segment lags behind large corporates and middle-market companies in terms of digital readiness with only 41% of SMEs having a digital transformation plan in place, and 12% with a clearly defined digital strategy.
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