Kyndryl, a US-based IT services company, said in a report that 72% of respondents in Singapore were running more AI pilots than their organizations could scale.

Another 74% said their companies needed to modernize IT infrastructure before AI investments could deliver returns.

Only 17% of business and technology leaders surveyed in Singapore said they were completely ready for external risks, below the global figure of 24%.

Separately, 64% of global respondents said they were seeing positive returns from AI investments. The study covered 21 markets.

The report suggests a gap between companies’ AI ambitions and their readiness to manage the risks and operational demands tied to wider deployment.

Singapore has governance tools that companies can use to test AI systems against governance and ethical standards.

The Infocomm Media Development Authority (IMDA) also said AI adoption among local businesses is rising as the digital economy expands.

🔗 Source: Kyndryl

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