How Singapore can lead the way on future-preparedness

cognizant Singapore's businesses need to plug gaps in talent and ESG to strengthen resilience A high digital quotient Data and digital are top business - critical priorities for Singapore's businesses . Percentage of respondents naming each as a strategic priority 62 % Medium / high priority Data - driven operations and mindset Big data analytics 33 % Core technologies Internet of Cloud things ( IoT ) computing 55 % 53 % 53 % Improve productivity Leverage data , boost D & I 40 % 30 25 20 15 10 Most businesses are not leveraging data to improve employee experience and productivity . 5 0 While they are deriving significant value from data technologies , many struggle with getting a high return on value from Al / machine learning and other emerging tech . Percentage of respondents reporting significant return on value Percentage of respondents leveraging data Percentage of respondents Singapore 45 % 59 % Tackle execution roadblocks New business generation or retention Blind application Specific review to recruitment eliminate bias targets / metrics Digital - first business model 32 % Insufficient time for implementation Business - critical priority 25 % 32 % 22 % 29 % 28 % 28 % Percentage of respondents citing each as a significant hurdle Incorporation into company strategy 32 % The views necessarily And few have policies in place to support workforce diversity and inclusion . Percentage of respondents using data Source : Economist and an Economist in early 2022 . Measure employee satisfaction 35 % Additionally , key areas , including employee - facing activities and new business generation , are yet to see significant benefits from technology adoption . reflect Percentage of respondents reporting significant impact 44 % Employee satisfaction Environmental sustainability being Double down on ESG opinions expressed the Impact executive Most Singaporean businesses are not taking a data - driven approach to monitoring and evaluating key ESG metrics . Water use 68 % Racial / ethnic pay gap 44 % 28 % Strategic alignment across the organization Impact Survey 2022 in this view and policies 5G 50 % Professional development activities of Advanced technologies 38 % Stipulations encouraging board diversity 39 % Employee engagement Three in 10 experience poor coordination , communication and tight timetables as hurdles to implementing new processes , products , services and technologies . 35 % Lack of effective coordination AI / ML 26 % Primed to outperform fronts as it A resolute focus on building and digital Singapore has a strong headstart on several prepares to be ready for anything . human capital capabilities has meant that well - placed to focus their proactive in a disruption - prone economic landscape . Filling management and sustainability will further strengthen their are businesses there attention on the gaps in talent future - preparedness . Social impact Measure employee performance 68 % 28 % Lack of comprehensive / established strategy and timeline Operational alignment between business lines and functions report are those of Cognizant and do not Economist is from Impact . Data presented survey , commissioned by Cognizant , conducted 24 % 40 % 39 % © 2022 Cognizant , all rights reserved www.cognizant.com Just about three in 10 have dedicated staff to promote environmental sustainability and social impact . Percentage of respondents taking each action 52 % Specific , measurable external commitments 26 % One or more employees holding board seats 38 % Cost 25 % 23 % 23 % 23 % management 15 % 64 % 36 % Robotics 46 % Automated and effective end to - end business processes Emerging technologies 24 % 32 % A plan to address existing gaps Blockchain 18 % 24 % Measure referral and / or attrition rates Stipulations for diverse candidate pools Land use 35 % Operational alignment across teams 33 % Lack of effective communication A Board of directors diversity around demographics , background , and skills / capabilities 28 % Lack of stakeholder support / buy - in 4 Gender pay gap 20 % 28 % Dedicated staff and resources cognizant Singapore's businesses need to plug gaps in talent and ESG to strengthen resilience A high digital quotient Data and digital are top business - critical priorities for Singapore's businesses . Percentage of respondents naming each as a strategic priority 62 % Medium / high priority Data - driven operations and mindset Big data analytics 33 % Core technologies Internet of Cloud things ( IoT ) computing 55 % 53 % 53 % Improve productivity Leverage data , boost D & I 40 % 30 25 20 15 10 Most businesses are not leveraging data to improve employee experience and productivity . 5 0 While they are deriving significant value from data technologies , many struggle with getting a high return on value from Al / machine learning and other emerging tech . Percentage of respondents reporting significant return on value Percentage of respondents leveraging data Percentage of respondents Singapore 45 % 59 % Tackle execution roadblocks New business generation or retention Blind application Specific review to recruitment eliminate bias targets / metrics Digital - first business model 32 % Insufficient time for implementation Business - critical priority 25 % 32 % 22 % 29 % 28 % 28 % Percentage of respondents citing each as a significant hurdle Incorporation into company strategy 32 % The views necessarily And few have policies in place to support workforce diversity and inclusion . Percentage of respondents using data Source : Economist and an Economist in early 2022 . Measure employee satisfaction 35 % Additionally , key areas , including employee - facing activities and new business generation , are yet to see significant benefits from technology adoption . reflect Percentage of respondents reporting significant impact 44 % Employee satisfaction Environmental sustainability being Double down on ESG opinions expressed the Impact executive Most Singaporean businesses are not taking a data - driven approach to monitoring and evaluating key ESG metrics . Water use 68 % Racial / ethnic pay gap 44 % 28 % Strategic alignment across the organization Impact Survey 2022 in this view and policies 5G 50 % Professional development activities of Advanced technologies 38 % Stipulations encouraging board diversity 39 % Employee engagement Three in 10 experience poor coordination , communication and tight timetables as hurdles to implementing new processes , products , services and technologies . 35 % Lack of effective coordination AI / ML 26 % Primed to outperform fronts as it A resolute focus on building and digital Singapore has a strong headstart on several prepares to be ready for anything . human capital capabilities has meant that well - placed to focus their proactive in a disruption - prone economic landscape . Filling management and sustainability will further strengthen their are businesses there attention on the gaps in talent future - preparedness . Social impact Measure employee performance 68 % 28 % Lack of comprehensive / established strategy and timeline Operational alignment between business lines and functions report are those of Cognizant and do not Economist is from Impact . Data presented survey , commissioned by Cognizant , conducted 24 % 40 % 39 % © 2022 Cognizant , all rights reserved www.cognizant.com Just about three in 10 have dedicated staff to promote environmental sustainability and social impact . Percentage of respondents taking each action 52 % Specific , measurable external commitments 26 % One or more employees holding board seats 38 % Cost 25 % 23 % 23 % 23 % management 15 % 64 % 36 % Robotics 46 % Automated and effective end to - end business processes Emerging technologies 24 % 32 % A plan to address existing gaps Blockchain 18 % 24 % Measure referral and / or attrition rates Stipulations for diverse candidate pools Land use 35 % Operational alignment across teams 33 % Lack of effective communication A Board of directors diversity around demographics , background , and skills / capabilities 28 % Lack of stakeholder support / buy - in 4 Gender pay gap 20 % 28 % Dedicated staff and resources