Singapore—30 October 2014—Research sponsored by NetSuite Inc. (NYSE: N), the industry's leading provider ofcloud-based financials / ERP and omnichannel commerce software suites, has revealed that 37 percent of Singapore executives surveyed believe the rate of change to their industry is intensifying, largely driven by digitalisation, new disruptive competitors, servitisation and new business models. The 'Disrupt, Collapse, Transform' study, conducted by Frost & Sullivan, indicated that Singapore organisations are responding by adopting cloud computing at a greater rate than other markets, due to its greater adaptability to rapid industry transformation—63 percent of Software-as-a-Service (SaaS) users surveyed indicated that cloud has helped them react more effectively.
Greater Adaptability to Rapid Industry Transformation is Driving Cloud Adoption in Singapore
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