CloudMile, a leading cloud and AI service provider, and YouBiz, a leading multi-currency corporate card and spend management platform for businesses by YouTrip, held a panel discussion about the potential and challenges of adopting automation and artificial intelligence (AI) to enhance Singapore businesses achieve sustainable growth.
According to Singapore’s Digital Enterprise Blueprint (DEB) by the Infocomm Media Development Authority (IMDA), nine in 10 enterprises have adopted at least one digital technology, boosting productivity and fostering innovation. YouBiz and CloudMile organized ‘The Balancing Act: Opportunities, Trends, and Costs in Today’s Tech Industry’ panel session at YouTrip’s office to share insights with enterprises looking to optimize their business operations and scale faster through integrated solutions.
CloudMile’s Southeast Asia Managing Director, Jeremy Heng, YouTrip’s Chief Operating Officer, Kelvin Lam, and AI-Commerce Search start-up ViSenze’s Head of Product & Engineering, Diogo Quintas, discussed the realities of adopting AI in today’s push towards accelerating digital transformation.
Kelvin Lam, Chief Operating Officer of YouTrip and YouBiz, said, “In the rush to adopt AI and automation, it’s easy to lose sight of the bigger picture. Businesses must prioritize strategic clarity. A clear vision and robust measurement framework are key to deciding which technologies to adopt, and when to pivot. Technology is just a tool, it’s your strategic vision and effective implementation that will drive sustainable business growth”.
Jeremy Heng, Southeast Asia Managing Director of CloudMile, commended, “AI is here to stay, embrace the technology, but it’s not the solution to everything. Find a balance to its application beyond using them as chatbots and always be convinced to the ‘Why’ we are adopting it”.
The companies can tap into CloudMile’s cloud and AI services to optimize operations and improve efficiency, and YouBiz’s expertise in cross-border remittance and integrated expense management to attain their business goals while effectively balancing costs and resources. At the event, CloudMile and YouBiz announced a new collaboration aimed at providing businesses access to the tools they need for success. The collaboration between the two digital-first companies encourages Singapore businesses to leverage AI and fintech solutions to enhance productivity and competitiveness in today’s digital age.
By providing technology adoption more affordable and accessible through the partnership, CloudMile, and YouBiz are committed to supporting local enterprises in riding the upcoming digital wave. As part of the partnership, CloudMile and YouBiz offer S$100 cashback on cloud subscriptions to Singapore businesses. The companies using a YouBiz corporate card for their CloudMile subscriptions will receive an additional discount of up to 5%, providing businesses with savings of up to 11% on their cloud costs.