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How Singapore Enterprise Association Helps Small and Medium Enterprises to Succeed in this Digital World?

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Singapore Enterprise Association Review

Each day, we are experiencing something new and in this ever-evolving world, everything is possible when combined with dedicated efforts, newer technology, and expert guidance. The Singapore industrial market is not an exception to this trend and more companies are joining hands together to help make Singapore – one of the best countries to set up a start-up. Rapid globalisation, technological advancement, and automation are changing the face of modern business and encouraging new business strategies to step in.

Singapore offers plenty of business opportunities and help start-ups to enjoy endless support until their establishment. Singapore Enterprise Association (SEA) is a private organisation which helps Small and Medium Enterprises (SMEs) togrow exponentially. The organisation also promotes entrepreneurial activities, shares ideas to enjoy better business growth, and offers business advice and encouragement to SMEs to ensure that Singapore's enterprises touches new horizons of success.

Singapore Enterprise Association reviews and evaluates SMEs and their performance over the years, and then awards them with Singapore Enterprise Medal of Honour to celebrate their success and contribution towards Singapore’s growing economy. SEA has always been known for taking active part in the digital transformation journey and they organised Digital Transformation Dialogue to help businesses in learning things about newer technologies and strategies that can help them to grow.

What was the idea behind Digital Transformation Dialogue?

The Digital Transformation Dialogue organised by the Singapore Enterprise Association focussed on sharing the scope of digital development across traditional industries in Singapore and how various businesses can help in bridging the gap within. The session also detailed about how SMEs can focus on improving their customer experiences by adopting digital transformation.

How to Begin a Digital Transformation Journey?

Singapore is counted among one of the most technologically advanced nations in the world but is important to understand that adopting the newer technology is one of the solutions to encourage competitiveness and well-being. Some government’s digital initiatives to rely on for starting the digital transformation journey are the Industry Transformation Programme and SMEs Go Digital Programme.

SMEs can get help from the Industry Transformation Programme by adopting roadmaps, Industry Transformation Maps (ITMs), developedfor 23 industries covering manufacturing, trade & connectivity, built environment, modern services, essential domestic services and many others. Another efficient programme named SMEs Go Digital Programme was launched to boostSMEs’ digital readiness. The programme was focussed on advising businesses about technologies they can use at each stage of their digitalisation journey to contribute towards a better customer servicing experience.

Some crucial tips to adopt right now to take first step towards digitalisation:

• Incentivise ideas that can help in innovating with the current business processes and contributing towards higher customer satisfaction.
• Make companies digitally-enabled and organise trainings for workers to make them digital-savvy and skilled.
• Overcome the global skills gap challenge by reskilling the Singaporean workforce.
• Encourage employees to make use of the SkillsFuture initiative for learning new skills and upgrading current skillsets.

Nothing in this world is impossible. Focusing on current business goals and making efforts today to overcome future challenges can help a business grow faster, stay stable and expand more. Explore the web to know more about digitalisation in Singapore, companies who have passed the Singapore Enterprise Association review and business tips to stay ahead of competition.

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