Singapore companies are increasingly adopting AI and data analytics tools, with 95% using software like Python, Power BI, and Excel. 92% have implemented some form of AI, higher than the survey average of 89%. However, only 23% have integrated cybersecurity measures into both strategy and operations, below the 28% average. Businesses are urged to strategically integrate AI and strengthen cyber resilience to combat AI-enabled threats. Challenges like job losses, human oversight, and legacy platform integration hinder wider AI adoption. Additionally, 17% take a reactive stance to cyber threats, potentially leaving gaps in oversight or communication.

Read more at Yahoo Finance: Singapore companies increase use of AI: CPA Australia survey