Singapore Businesses See Big Potential in New AI Technology
Singaporean companies are preparing for a major shift in how they use technology. According to a recent report by SAP, local businesses expect to see a return on investment (ROI) of US$9.8 million from "agentic AI" over the next two years. This new form of artificial intelligence is designed to perform tasks and make decisions independently, rather than just assisting human users.
Agentic AI is considered a significant step forward from the AI tools many companies currently use. While traditional AI often requires constant human guidance, agentic AI can manage complex workflows and solve problems on its own. This capability is expected to increase productivity and efficiency across various industries in Singapore.
However, the report also highlights that many local businesses still face challenges. Even though companies are excited about the financial benefits, there are noticeable "readiness gaps." This means that some organizations may not yet have the necessary digital infrastructure or skilled employees to fully adopt this advanced technology.
To succeed, experts suggest that businesses must focus on preparing their teams and updating their systems. Closing these readiness gaps will be essential for companies that want to stay competitive in the global market. As Singapore continues to push for a digital-first economy, the successful integration of agentic AI could play a key role in the nation's future growth.