ESG, IDMA roll out new digital plan for precision engineering industry

Around 2,700 businesses are expected to benefit from the guide.

Around 101,000 employees can now tap the Precision Engineering Industry Digital Plan (IDP) to drive productivity and transform through digitalisation.

Jointly led by Enterprise Singapore (ESG) and the Infocomm Media Development Authority (IMDA), in partnership with the Singapore Precision Engineering & Technology Association (SPETA), the IDP was launched by the Minister of State for Trade and Industry Alvin Tan at the Industrial Transformation Asia-Pacific event. The IDP aims to help PE enterprises assess their digital readiness and identify suitable digital solutions to accelerate their growth.

ESG director for advanced manufacturing, Anne Ho, said, "The precision engineering industry is being disrupted by new digital manufacturing technologies, rising competition, and shifts in consumer demand and supply chains. This has accelerated the push for PE enterprises to digitalise, not just to drive higher productivity but also to transform and innovate to adapt to the evolving business environment. Digital technology will enable our SMEs to operate more efficiently and make data-driven decisions to fuel their growth plans. This IDP can help companies kickstart their digital journey and take their transformation to the next level."

Enterprises can use an online self-assessment checklist to help them assess their digital maturity and readiness, as well as identify gaps in their current digital capabilities. The checklist considers factors such as the current business operations, stage of digitalisation, and business expansion plans.