Nearly 75% of Singapore firms accelerating digitalisation due to Covid-19

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Nearly 75 per cent of Singapore firms are accelerating digitalisation due to Covid-19

SINGAPORE -The Covid-19 pandemic may have stopped mixed martial arts promotion One Championship from holding large scale fights but the company has figured out how the show can go on:Besides live-streaming fights so that fans can tune in from wherever they are, the Singapore-based firm is working on taking the digital experience to the next level by offering data-driven insights for viewers as they stream live shows.

These are just some of the benefits of digitalisation for One Championship that will help the company make its offerings more immersive in response to the coronavirus, which has halted live sporting events with spectator crowds. Respondents in the survey worked in various sectors, including healthcare, manufacturing, and banking and retail.

More than half of the companies said in July that they found it easier to drive innovation, up from the 31 per cent before Covid-19 hit. Some of the factors cited as major innovation blockers before the Covid-19 outbreak were culture, innovation mindset and fear of failure.

 

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