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In Singapore, the challenges of operating small-medium enterprises (SMEs) routinely come down to doing more with less. Often lacking the resources that their multi-national counterparts might have, SMEs have to get creative to compete on equal footing. While various government schemes exist to lend SMEs a helping hand, there are also measures that SMEs can take to help maximise their performance.
As the demand for technology grows, it’s increasingly essential for small and medium-sized enterprises (SMEs) to stay agile and informed to remain competitive. The evolution of technology presents both opportunities and challenges, making it crucial for businesses to keep up with the latest IT trends.
As the de-facto productivity enhancer, cloud solutions have become truly indispensable. Adopting the right crowd solutions in today’s business climate has become vital for businesses large and small, with a 2024 study stating that 94% of companies worldwide will utilise some sort of cloud platform as part of their operations on a day-to-day basis. This number has grown since 2020, when only 80% of companies leveraged cloud solutions as part of business workflows.
In line with Singapore’s Digital Enterprise Blueprint (DEB), the Infocomm Media Development Authority (IMDA) has recently launched two new solution categories under the Advanced Digital Solutions (ADS) scheme – Omnichannel Retail Management (OCRM) and Integrated Security Management (ISM). These two schemes are targeted at small and medium-sized enterprises (SMEs) from the retail and security industries and aim to equip SMEs with solutions to deepen their digital capabilities and build business resilience for growth in a digital economy.
Artificial Intelligence (AI) has become increasingly integrated with cybersecurity, both as a threat vector and a means for defence. This was the core message shared at the inaugural Singapore AI Security Summit held by the Association of Information Security Professionals (AiSP) on 3rd July 2024. Attended by stakeholders of the cybersecurity industry, the AI Security Summit served as a gathering of minds for members to discuss the future and outlook of Singapore’s cybersecurity environment in relation to AI.
Within these ads, however, lie wolves in sheeps’ clothing. Armed with nefarious intent, a rising trend of malvertising has emerged where cyber criminals spread malware through digital ads on reputable websites. These ads, which exploit the user’s trust in familiar brands, steal sensitive information by luring victims to deceitful websites and directing them to download malware disguised as harmless content.
In the early 1980s, the Open System Interconnection (OSI) model was devised to outline the seven layers of network communication. It served as the early model for network communications and paved the way for modern Transmission Control Protocol/Internet Protocol (TCP/IP) systems, which were developed in the 1970s and upon which the 21st-century Internet is founded. Within the OSI model, Layer 2 specifically refers to how data links are set up and defines the data format on each network.
In the latest addition to the concerning trend of local cyberattacks, well-known F&B brand Jumbo Group has reportedly fallen victim to a ransomware attack. This marks the second consecutive month a notable Singaporean company has been targeted by cyber criminals.
The advent of cloud computing has changed how we approach technology, offering unprecedented scalability, flexibility, and cost-efficiency. By providing on-demand access to computing resources via the internet, cloud services eliminate the need for businesses to handle physical resources themselves, reshaping the management of IT resources for businesses. In this article, we discover the three key types of cloud computing services that are transforming IT infrastructure management.
Singapore has emerged as the undisputed regional headquarters of choice in Southeast Asia, according to a 2024 report by the Business Times. Home to approximately 4,200 multinational firms, Singapore has sailed ahead of long-time rival Hong Kong to establish itself as the business gateway to the region. With many businesses choosing the Little Red Dot as their homestead to build an international presence in neighbouring countries, cross-regional collaboration has become a hot topic for many key decision-makers.
The Internet of Things (IoT) is a network that links physical devices embedded with sensors, software, and diverse technologies to collect and exchange data over the internet. It has reshaped our lifestyles and industries by opening up a new era of convenience and efficiency across our daily lives. Within the IoT ecosystem, a diverse array of objects and devices work to collect data to improve processes, operations, and quality of life. In this article, we delve into the profound impact of IoT solutions, exploring how they have revolutionised modern lifestyles.
Earlier this year, the Singapore Tourism Board projected that tourism receipts for 2024 would hit a record high of $29 billion. Driven by events like Formula 1 and concerts by star performers such as Taylor Swift, Coldplay, and Ed Sheeran, tourists worldwide continue flocking to local shores in droves. This influx of visitors has also had the added benefit of contributing to Singapore’s gross domestic profit by the way of spending. The biggest beneficiaries? Companies in retail, hospitality and F&B industries.
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