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Independent Singapore
6 days ago
- Business
- Independent Singapore
Singapore ranks 2nd worldwide in AI readiness but falls behind in AI innovation
Photo: Freepik/ (for illustration purposes only) SINGAPORE: Singapore ranked second globally for artificial intelligence (AI) readiness, based on Salesforce's Global AI Readiness Index, which looked at 16 countries across five key dimensions: enabling AI regulatory frameworks, AI diffusion and adoption, AI innovation, AI investment, and human capital, AI talent, and skills. Singapore received an overall index score of 26.5 out of 50, above the global average of 22.1. Each of the five dimensions was equally weighted at 10 points. The city-state also kept its lead in the Asia Pacific after ranking as the region's most AI-ready nation in Salesforce's 2021 and 2023 Asia Pacific AI Readiness Index, Singapore Business Review reported. Singapore ranked highest in enabling regulatory frameworks, scoring 9.8, backed by its Model AI Governance Framework and National AI Strategy 2.0. Meanwhile, it scored 8.0 in AI diffusion and adoption, driven by its Smart Nation vision and Public Sector AI Playbook, which guides AI use in transport, urban planning, and public services. For AI investment, Singapore scored 2.3, higher than the global average but way behind the US, which scored 8.8. The city-state also scored above the global average in terms of fostering AI talent; however, it trails behind Germany (6.2) and the US (6.0). Interestingly, Singapore scored weakest in AI innovation with only 0.7, below the global average of 1.7. The report noted that while the city-state has a largely enabling environment for AI, its innovation remains concentrated, with less focus on emerging areas like agentic AI. It added that Singapore is taking a lighter-touch approach by encouraging voluntary guidelines, industry self-regulation, and ethical AI principles to strike a balance between innovation and responsible AI use. Photo: salesforce /TISG Read also: Microsoft cuts jobs again as AI costs climb, to let go of about 9,000 employees () => { const trigger = if ('IntersectionObserver' in window && trigger) { const observer = new IntersectionObserver((entries, observer) => { => { if ( { lazyLoader(); // You should define lazyLoader() elsewhere or inline here // Run once } }); }, { rootMargin: '800px', threshold: 0.1 }); } else { // Fallback setTimeout(lazyLoader, 3000); } });
New Indian Express
15-05-2025
- Business
- New Indian Express
Adoption of AI & cloud to continue at rapid pace
With rapid digitalisation and increasing demand for artificial intelligence (AI) and cloud-based solutions, APAC's (Asia Pacific) software market will continue to see expansion this year and Forrester expects software spending to surge by 10.4% with cloud-native development taking centre stage as businesses migrate operations to the cloud. The research & advisory firm estimates that spending on technology (software, services, communications equipment, tech outsourcing and hardware maintenance, and computer equipment) in Asia Pacific will grow by 6.5% in US dollar terms in 2025. It says the highest tech spending growth in the Asia Pacific region in 2025 will be in India (11%), followed by Vietnam (10%), and the Philippines (9.4%). In India, the technology sector has entered 2025 on a wave of momentum, fuelled by strong enterprise investment, the government's push for digitalisation, and a surge in venture capital, it stated. 'India's technology landscape is entering an unprecedented phase of growth and innovation,' said Ashutosh Sharma, vice-president and research director at Forrester. 'The rapid adoption of emerging technologies like generative AI will not only enhance productivity but also position India as a global leader in AI and tech talent,' Sharma said. However, navigating workforce upskilling, regulatory frameworks, and potential tariff implications will be critical to harnessing AI-driven opportunities, he added. According to Forrester's Asia Pacific Tech Market Forecast, 2024 To 2028, the software market is set to grow 10.4% in 2025, with AI and cloud services dominating demand. It also pointed out that APAC's tech industry in 2024 faced a wave of government interventions aimed at shaping the development and use of AI. In March, India's Ministry of Electronics and Information Technology issued an advisory requiring platforms and intermediaries to ensure that AI models do not facilitate unlawful content. In May, Singapore introduced the Model AI Governance Framework for Generative AI to promote responsible AI development. China focused on domestic innovation in AI and semiconductors, driven by national security .concerns and competition with the US. Australia increased its investment in technology and policy development, allocating more than $2.8 billion to this over the next four years. It said these varying approaches reflected diverse priorities of governments.
