Digitalisation paying off for Singapore corporates
Countering the impact of Covid-19 on bottom lines, a study by UOB has found that digital initiatives enabled over 40% of small- and medium-sized enterprises (SMEs) to be more profitable in 2020.
Roughly two in five (41%) SMEs that implemented digitalisation initiatives in 2020 experienced stronger revenue growth than non-adopters, according to a UOB SME Outlook 2021 study.
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