DBS is a subsidiary of Enterprise Singapore (EnterpriseSG) and Infocomm Media Development Authority (IMDA), recently launched the Spark GenAI program.
The initiative, announced by Senior Minister for Digital Development and Information Tan Kiat Hau, is in line with the Digital Enterprise Blueprint and aims to encourage widespread adoption of generative artificial intelligence (Gen AI) solutions among Singapore’s SMEs. is intended to promote.
Gen AI has great potential to revolutionize business operations, using AI to create text, images, and other media, automate workflows, and create personalized content. Only 4.2% of Singapore’s SMEs have adopted AI technology.
Spark GenAI seeks to address this gap by providing small and medium-sized businesses with the knowledge and resources they need to effectively integrate Gen AI.
The program offers a structured approach through four main pillars.
This includes resources and workshops to help companies understand Gen AI applications, identify relevant solutions, access grants to support implementation, and address cybersecurity considerations. Masu.
To strengthen your digital resilience, Spark GenAI also includes an online cyber wellness course developed by DBS’s cybersecurity team.
DBS aims to reach 50,000 SMEs over the next two years, with workshops scheduled to begin at the end of 2024.
Koh Kar Siong, Group Head of Corporate and SME Banking at DBS, said:
“The digital economy, predicted to reach S$352 billion in Southeast Asia by 2024, presents immense growth opportunities, but small businesses need to adapt and upskill to stay competitive. There is a need.
Through this program, DBS is leveraging our expertise to future-proof small and medium-sized enterprises by helping them deploy Gen AI solutions that improve productivity, reduce costs, and drive innovation. We aim to ensure that. ”
Geoffrey Yeo, Assistant Managing Director, Capabilities, EnterpriseSG, said:
“The Spark GenAI program enables our small and medium-sized businesses to further increase their technological capabilities by harnessing the power of Gen AI solutions to optimize and streamline processes.
It provides a one-stop channel for SMEs to access relevant resources and support schemes and leverage Gen AI solutions to accelerate business growth and increase competitiveness in the evolving AI-driven future. ”
Featured image credit: Edited from freepic
