Singapore identifies generative AI as the core focus for its new phase of development, with humans playing a central role in every transformation strategy.
Prime Minister Lawrence Wong emphasized that applying AI in a way tailored to Singapore is essential to maintaining global competitiveness.
Approximately 80 percent of senior leaders in Singapore are increasing investments in AI within businesses and digital transformation activities.
45 percent of organizations have piloted or deployed Agentic AI in business and operational activities.
About 64 percent of leaders believe that Agentic AI will generate results significant enough to impact the board of directors within 12 months.
Only 15 percent of leaders think that the AI market is forming an investment bubble.
58 percent of businesses stated they would continue investing in AI even if an AI bubble bursts.
However, only 18 percent of organizations report that AI delivers sustainable, widespread business value.
The article suggests that many AI projects stall before scaling because companies merely add technology instead of redesigning how they work.
To avoid jobless growth, Singapore needs to translate productivity from AI into the genuine capabilities of workers and organizations.
📌 Conclusion: Singapore’s AI opportunity depends not only on technology but also on redesigning work and developing people. Although 80 percent of leaders are increasing AI investments, 45 percent have deployed Agentic AI, and 64 percent expect quick results, only 18 percent of businesses have generated sustainable value. Success will depend on combining AI with skills, mindsets, and capabilities that machines cannot replace.
