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Singapore loses top spot to US in global ranking of digital competiveness

Singapore loses top spot to US in global ranking of digital competiveness

SINGAPORE – Singapore lost the top spot and dropped to second place in a digital competitiveness ranking of 63 economies, pipped by the United States in a move up from third place last year.

In the ranking by Swiss business school IMD, Singapore topped the knowledge and technology categories, but came in only 15th for future-readiness.

Despite its digital-friendly environment and high levels of training and education, Singapore society’s attitude towards the adoption of technologies and the agility of businesses here to transform digitally scored relatively low, coming in at 20th and 18th place respectively, said the report.