UNEVEN AI ADOPTION AND EXPOSURE
With limited AI adoption among firms, Singapore trails behind other economies like China, Denmark, Hong Kong, Finland and Sweden on this measure, according to the report.
The survey found that AI adoption is uneven among firms of different sizes and among different sectors.
Adoption rates ranged from 23.9 per cent in smaller firms with fewer than 25 employees, to 76.4 per cent in larger firms with 501 or more employees. Larger firms also had deeper levels of AI integration.
Smaller firms cited high implementation costs and lack of skilled personnel or expertise as key obstacles to adoption.
There were also sectoral differences, with AI adoption rates highest in digitally intensive and knowledge-based sectors like information and communications, professional services, and financial and insurance services.




