Upskilling: An Important Currency That Buys SMEs a Future in the Digital Age
Upskilling is the key investment that empowers SMEs to fully leverage technology, stay competitive, and thrive in ASEAN’s fast-evolving digital economy.
The pandemic has had widespread impact on the operations of home-based and other micro-businesses in Singapore, with six in 10 reducing, halting or had no technology adoption in the past year. This is despite reports of how COVID-19 has accelerated digital transformation, which holds true only for the larger corporations.
In our From Disruption to Transformation report, we look at the impact of the pandemic on Singapore’s home-based and other micro-businesses, with targeted focus on if and how they have adopted technology to overcome recent challenges and accelerate transformation in their businesses. Through primary research conducted with 250 home-based and other micro-businesses in Singapore, we explore their challenges, needs and preferences in the current climate of rapid digitalisation and change, to give you a well-rounded perspective on the status of the local business ecosystem.
Download the report to read more.
Upskilling is the key investment that empowers SMEs to fully leverage technology, stay competitive, and thrive in ASEAN’s fast-evolving digital economy.
Digitalisation works best when guided by strategy. SMEs that align tech with business goals see real impact. UOB FinLab helps SMEs digitalise with purpose — through expert programmes, peer support, and sustainable solutions.
Continuing from last year, #UOBxWomenpreneurs series returns in 2025, organised by Business Banking Singapore (BBS), UOB FinLab, and Group Wholesale and Markets Marketing (GWMM) to engage and empower women entrepreneurs in Singapore. The initiative creates a strong platform for women-led businesses to access practical resources, mentorship, and a supportive network as they grow and lead with confidence.
Designed for business owners to enhance their digital capabilities through practical learning, this programme takes businesses to the next level.
Designed for business owners to enhance their digital capabilities through practical learning, this programme takes businesses to the next level.
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