Digital transformation to contribute US$10 billion to Singapore GDP by 2021

https://news.microsoft.com/en-sg/2018/02/21/digital-transformation-contribute-us10-billion-singapore-gdp-2021/

IDC study commissioned by Microsoft predicts that approximately 60% of Singapore’s GDP will be derived from digital products or services by 2021

By 2021, digital transformation is expected to add 0.6% CAGR GDP growth annually

Digital transformation has increased profit margins, productivity, revenue from new products & services, customer advocacy, and more cost reduction. These benefits will also improve by at least 40% in three years.

Leaders in digital transformation reap double the benefits compared to followers.
Digital transformation in Singapore will benefit citizens with more educational and training opportunities as well as creation of higher value jobs

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