Singapore tops Asian Digital Transformation Index

Adding another feather to its cap, Singapore has topped the list of Asian Digital Transformation Index that measures the ability of Asian economies to transform themselves in the face of digital transformation.

Singapore has emerged top on the Asian Digital Transformation Index: Photo courtesy : Singapore travel guide

This new index considers the overall environment for digital transformation in organisations based on three pillars: infocomm technology infrastructure, human capital and industry connectedness. This index has been developed by Economist Intelligence Unit(EIU) under commission from Australia’s largest telco Telstra.

In its report, EIU has mentioned that Singapore’s top position in the region is primarily due to its well-developed digital infrastructure, which is made easier by its being a small island country with a concentrated population. In addition to this, it has a highly supportive and coordinated set of government policies to boost infrastructure development, the business use of technology and entrepreneurship.

Singapore’s top position in the list is primarily due to its well-developed digital infrastructure. Photo courtesy: Singapore attractions

Singapore is second only to Japan in industry connectivity, which is the ability to draw on resources external to the organization, such as digital partnerships with other companies, networks or communities.

However, Singapore ranked below in human capital as it came on the fourth position. EIU has observed in its report that the country continues to face the challenge of building talent pools with advanced digital skills and expanding data sharing to enrich digital partnerships.

The Asian Digital Transformation Index was compiled based on a survey of 870 executives in 11 major Asian markets- across six industries: manufacturing, financial services, media, healthcare, professional services and logistics.

Author
Ashraf Jamal
Ashraf Jamal – Senior Writer

Ashraf Jamal brings a rare depth to writing equipped with a degree in journalism, a postgraduate degree in political science, and a degree in law from the Allahabad University. His experience includes editing and publishing the Northern India Patrika and writing for Times of India for almost a decade covering just about any topic under the sun including NRIs and Indian diaspora.

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