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Pandemic accelerated digital adoption for corporates and small biz, finds survey

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MUMBAI : The global pandemic and the subsequent lockdowns have accelerated the digital journey for corporates, and small and medium enterprises in India, according to the DBS Digital Readiness Survey.

Small and medium-sized enterprises (SMEs) make up more than 96% of all Asian businesses and are integral to the success of the region’s economy.

To better understand their needs, the survey was expanded this year to garner insights from more than 1,000 small and medium-sized enterprises across six APAC markets, including India, on where they are in terms of digitalization. “In terms of digital progression, SMEs in Singapore are the pacesetters with 72% having a digital transformation strategy in place, followed by Hong Kong (47%), China

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