Singapore companies increase use of AI: CPA Australia survey

Singapore AI adoption successful concern continues to grow, with precocious uptake of AI and information analytics tools among companies, arsenic reported by CPA Australia’s Business Technology Survey.

Despite this progress, astir organisations person yet to afloat integrate cybersecurity into their operations.

The CPA Australia survey notes that 95% of Singapore companies usage information analytics and visualisation bundle specified arsenic Python, Power BI, and Excel.

This is somewhat supra the survey’s mean complaint of 93%.

AI is besides wide adopted, with 92% of businesses implementing immoderate signifier of AI, compared to the survey mean of 89%.

Around 1 successful 5 of Singapore organisations person integrated AI profoundly crossed their concern processes, according to the survey.

However, occasional oregon ad-hoc deployment remains the main signifier for AI usage.

This attack is seen successful 44% of companies, often involving tools specified arsenic ChatGPT, Microsoft Copilot, Google Gemini, oregon AI-enabled assistants wrong platforms including Microsoft 365 and Google Workspace.

Cybersecurity integration is little precocious successful Singapore arsenic lone 23% of surveyed companies person embedded cybersecurity measures into some their strategy and operations.

This fig sits beneath the wide survey mean of 28%.

CPA Australia Singapore divisional president Greg Unsworth said: “Singapore’s beardown foothold successful AI reflects the nation’s continued propulsion towards integer translation and operational excellence. However, businesses indispensable determination beyond experimentation and strategically integrate AI crossed functions to unlock its afloat value.

“The emergence of AI-enabled threats, from blase phishing to deepfake impersonation, makes it captious for businesses to fortify their cyber resilience. Trust indispensable beryllium earned and reinforced done each integer interaction.”

Additionally, 69% usage cybersecurity software, trailing the mean usage complaint of 81% reported elsewhere.

The survey revealed that implicit 17% of companies instrumentality a reactive stance to cyber threats, meaning actions are taken lone erstwhile incidents hap alternatively than done planned prevention.

Furthermore, 11% bash not cognize however their institution manages cybersecurity internally, indicating imaginable gaps successful oversight oregon communication.

Over the past 12 months, these tools are said to person helped automate repetitive duties, streamline workflows and enactment quicker decision-making.

Despite these advantages, challenges remain. Relying much connected AI prompts questions astir quality oversight and decision-making responsibility, particularly wherever judgement oregon morals are involved.

Some businesses study occupation losses among roles involving repetitive tasks and look difficulties connecting caller AI systems to older bequest platforms.