- The Daily Scan (Singapore)
- Posts
- 94% of S'pore businesses use AI for customer data
94% of S'pore businesses use AI for customer data
Anand Srinivasan
June 09, 2025
Success is to wake up each morning and consciously decide that today will be the best day of your life. — Ken Poirot, motivational speaker
Top stories today:
S’pore ranks among top global hubs for tech talent
94% of Singapore businesses use AI to study customer data
Singapore retail vacancy rises to 6.8% in Q1
Motor insurance premiums expected to rise
S’pore ranks among top global hubs for tech talent
Singapore named one of 12 global technology “powerhouses”
24th out of 115 markets for software engineers’ wages
Office rents are second only to Paris
Ranked third after Ireland and Switzerland in education levels
Ranked after China and India in number of reported tech jobs
94% of Singapore businesses use AI to study customer data
90% of local businesses rate their customer engagement as 'good'
Only 57% of Singapore consumers agree
Use of AI among Singapore businesses:
Study customer data: 94%
Ensure brand consistency: 77%
Data privacy & compliance: 77%
Only 33% consumers think brands personalize their offering
Singapore retail vacancy rises to 6.8% in Q1
Up 0.6 percentage points from previous quarter
Attributed to completion of Punggol Coast Mall and revamp of The Cathay
Addition ot 323,000 sq. ft of retail space
Limited supply for luxury retail causing strong lease renewal demand
Q1 2025 - Gross written premiums increased 9.4%
Underwriting losses up 14% in the same period
Underwriting losses for 2024 was $33.8 million ($7.7 m in 2023)
Insurers grappling with more accident claims and cost of vehicle parts also up
Chart of the day
Upcoming and Ongoing events
June 06 - 09 2025
Unique B2B and B2C concept food exhibition
June 13 · 7 - 10pm
By Money Mastery (Singapore) Toastmasters Club
June 18 - 19 2025
50+ speakers and 500+ attendees