Singapore AI returns lag global peers: survey
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A survey by Snowflake reveals that while Singapore organizations are adopting generative AI at the same rate as global peers (39%), they lag in achieving measurable returns, with only 33% quantifying ROI compared to 49% globally. AI is expected to comprise 15% of tech budgets in Singapore, below the global average of 23%. Challenges include identifying specific use cases, with 32% of Singapore respondents citing this issue. Despite lower operational efficiency gains (79% vs. 89% globally), AI adoption is still linked to positive job creation effects across markets.
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