During her acceptance speech for the Leading Actress Oscar at age 60, Michelle Yeoh said “Don’t let anybody tell you that you’re ever past your prime. ….
Tag: EDG
Digitalization is not something that started recently. Digital technology can make us more efficient. It is also a way to make our lives easier. One example is the application of digital ….
In the past, processes such as sales were mostly manual and labor intensive; therefore, companies did not have available digital tools to automate those tasks. The duplication of tasks and the time required for a process to be completed were frequent occur….
Each year, the number of cybercrimes grows. Organizations around the world are struggling to find ways to protect data and prevent privacy breaches because data breaches can result in heavy fines and
Each year, the number of cybercrimes grows. Organizations around the world are struggling to find ways to protect data and prevent privacy breaches because data breaches can result in heavy fines and
Digitalization goes hand-in-hand with digitization. While digitalization is often described as a positive development, digitization — or turning physical objects into digital files or data — does not have such positive connotations. Digitization is the process of making something digital. There is no digitalization without digitization. Digitalization and digitization are not new concepts — for example, it's been used to describe digital currency and digital humans. However, what does the term mean for your business? To understand the concepts of digitalization, let's first define digitization and digitalization. Digitization is the [...]
In Singapore, there are several different types of manufacturing companies in the markets. As information technology becomes more prevalent, manufacturers are starting to think that intelligent systems may be better at their jobs than conventional ones. Increasingly, enterprises in Singapore have adopted ERP systems to overcome common difficulties such as product delivery and workshop scheduling. Business process systemization and real-time control of order progress are made easier by adopting these tools. Choosing an ERP system for manufacturing is a challenge because there are so many options available. Manufacturers have many [...]
A bank is a financial institution that provides checking and savings accounts, loans, mortgages, and other services. Banks provide many related services, such as IRAs, CDs, currency exchange, and safe deposit boxes. Digital technologies are transforming the way that banks do business. This is particularly true of banks in Singapore, where the landscape of banking is rapidly changing. Banks need to adapt to these changes while also meeting the needs of their customers. In response to customer demands and new economic realities, banks are increasingly finding that they must leverage [...]
Clothing industry is an industry that produces clothing items and accessories made of textiles. It summarizes various elements of the production and value chain for clothing and …
GPT-4 is a revolutionary new artificial intelligence model that sets the standard for all future AI research. GPT-4 has been shown to give more accurate answers and fewer incorrect ones on standardised tests. GPT-4 has already shown its value in many different industries. The software has allowed us to do things that were previously thought impossible. It is capable of solving problems that would take human years to figure out, and it does so in just a few hours or days. Technological enhancements are affecting not only the field of [...]
Document management (often referred to as document management systems or DMS) is the use of a computer system and software to store, manage and track electronic documents. Document management software controls and organizes documents throughout an organization. The software allows users to organize, search and access their documents so they can be shared across organizations with ease. As a company grows or undergoes organizational change, the volume of documents and data to be organized usually increases. The time that could be spent working on a project is lost to the [...]
When your company faces difficult financial times, the easiest way to cut costs may be through layoffs. Although layoffs may reduce costs in the short term, they can create serious problems for long-term growth. These actions could result in severance payouts, higher unemployment insurance rates and lower morale. When business improves, a company may be compelled to rehire laid-off workers — and end up spending more than it anticipated. You may want to investigate some alternatives that could reduce your costs. For example, switching to an ERP system may save [...]
The textile industry, like many other industries in Singapore, is highly diversified. To succeed in the increasingly competitive textile industry, manufacturers must master supply chain management, omni-channel commerce and lean manufacturing. As more companies use information technology to improve their efficiency, textile manufacturers are considering intelligent systems as a way of increasing productivity. To meet these challenges, many textile manufacturers choose to improve their operations by implementing a textile manufacturing ERP system. Textile companies face challenges in choosing the best ERP system to remain competitive. The textile industry involves complex [...]
It is impossible to imagine what life would be like without technology. We have become so dependent on technology that our lives revolve around it. Technology has had a transformative impact on society. As the pace of innovation continues to accelerate, we can expect that impact to continue in the future. Technology has made possible many of the advances we enjoy today. For example, the invention of artificial intelligence (AI) has revolutionized the way people interact with chatbots and search engines. Increasingly, e-commerce business owners are using ChatGPT — an [...]
Analysts, vendors and marketers use confusing terms when they talk about HR software — such as Human Resources Information System (HRIS), Human Capital Management system (HCM) and Human Resource Management System (HRMS). Because the terms HRIS, HRMS and HCM are used interchangeably to describe a wide range of software applications designed to meet human resource management needs, it may be easy for you to overlook subtle differences between them. Depending on which functions a company chooses to enable, as well as its size and other factors, each system may be [...]
We live in the age of information. New technology is being developed every day to make life simpler, more advanced and better for everyone, for example Artificial Intelligence (AI), Machine Learning (ML), Blockchain, Internet of Things (IoT), etc. Technology is evolving so rapidly today that the change seems almost exponential. Experts share their insights on how to make challenging business transformations successful by embracing new technology. For businesses, new technology often reduces costs, enhances customer experiences and boosts profits. However, as new technologies are launched at breakneck pace — each [...]
You can be successful in your business in Singapore if you make a plan that will guide you. Your plan should include specific goals and business objectives, as well as a list of the steps that you will need to take in order to achieve them. It means that you need to stay one step ahead of your competitors. To stay ahead of your competitors, you need to brainstorm and stay informed about new ideas and emerging technologies. It is imperative to plan ahead for the benefit of your company, [...]
What words come to mind when you think about "technology"? Do thoughts of your smartphone, jet aircraft, and spacecraft come to mind? Or do you think of artificial intelligence, and the algorithms that enable robots to learn? No matter what you have visualized as the future of technology, we all know that it will continue to grow and change. We may use and abuse it, but we cannot imagine living without technology — no matter how simple the idea. Technological advances have improved the field of ERP systems, giving businesses [...]
When people talk about HR software in Singapore, they often use confusing terms — such as Human Resources Information System (HRIS), Human Capital Management system (HCM) and Human Resource Management System (HRMS). Each term has a distinct meaning, but they have something in common. Every business in Singapore has unique challenges, and every effective HR system should address them. Here are some of the most common ones: Data Privacy and Security: When managing HR system, one of the most important concerns is ensuring employee data privacy and security. HR system [...]
The most successful e-commerce firms in Singapore rely on ERP tools, which give them a competitive edge. ERP essentially unifies various procedures into a single system. ERP (short for enterprise resource planning) refers to software and systems that link all company activities — from production, supply chain management, sales and procurement. It provides enterprises with a predictive view of their future commercial activities by fusing together data from the financial, logistical and human resources sectors. By linking and synchronizing your ERP software with other business systems, you can capture, track, [...]
Many Singaporeans and enterprises welcome the Singapore Budget 2020 and the Supplementary Budget 2020 announced on the 18 February 2020 and 26 March 2020 respectively by Deputy Prime Minister and Minister for Finance Mr. Heng Swee Keat. For enterprises, the budget 2020 focuses mainly on a few aspects such as “Dealing with challenges”, “Preparing for Growth” and “Human Capital Initiatives”. In fact, besides adopting technology and going digitalisation to increase productivity, the human capital part becomes one of the essentials and precisely, one of the ways that enterprises can be [...]
In my previous article regarding the Singapore Budget 2020 and Supplementary Budget 2020 that was announced on the 18 February 2020 and 26 March 2020 respectively by Deputy Prime Minister and Minister for Finance Mr. Heng Swee Keat, I mentioned about the Enterprise Development Grant (EDG) which was enhanced from 1 April 2020 onwards to provide a higher support percentage to enterprises in Singapore. In fact, for enterprises, besides the enhanced EDG, Singapore Government announced the new enhanced Productivity Solutions Grant (PSG) as well during the Supplementary Budget 2020. Similarly, [...]
Singapore Budget 2020 was announced by Deputy Prime Minister and Minister for Finance Heng Swee Keat on the 18 February 2020. However, due to the COVID-19 ongoing pandemic globally, a special Supplementary Budget 2020 was announced on the 26 March 2020 which provides enhanced assistance to Singaporeans and enterprises in Singapore. Singapore Government is always advising enterprises in Singapore to be prepared for the upturn especially during the current COVID-19 downturn. Nobody knows when the upturn is coming but if you can catch the upturn wave as early as possible, [...]