Singapore Govt. to allocate $288M to Businesses to Focus on Digital Transformation

Singapore, government, digital transformation, COVID-19, crisis, funding, digitalization, digital tools, enterprises
Singapore Govt. to allocate _288M to Businesses to Focus on Digital Transformation

The Singapore government is allocating more than SG$500 million ($288.26 million) to support local businesses in their digital transformation efforts. The initiative is aimed at helping enterprises that deal with the fallout of the COVID-19 crisis.

COVID-19 Impact – Gartner Lowers Global IT Spending Projection for 2020

The funds will go towards facilitating companies in their adoption of e-payments, e-invoicing, as well as more advanced digital tools. In addition, businesses that already have basic digital capabilities and want to deepen their digitalization will get support to make use of advanced digital tools in an integrated way.

Source: https://www.zdnet.com/article/singapore-puts-288m-focus-on-digital-transformation-to-help-firms-cope-with-pandemic-fallout/

IDC: Global Cloud IT Infrastructure Exceeded Spending on Non-cloud IT Infrastructure