Singapore has been experiencing profound changes in recent times thanks to the digital revolution. It is actually a bit ironic to observe that this country was considered to represent little more than an agrarian economy only a century ago. Now, Singapore is an international powerhouse in regards to trade and commerce. This trend is expected to gain pace in the coming years and the younger generation is already reaping the numerous benefits. How has the Singaporean lifestyle changed over the past decade and why are online businesses proving to be extremely popular throughout the region? Let’s attempt to answer these two interesting questions.
Ablating Traditional Borders
Much like other nations in the past, those who were born in a rural area tended to remain within this region throughout their lives. Although there is no doubt that certain individuals were lucky enough to relocate to major urban centres, this tended to represent the exception as opposed to the rule.
The rise of the Internet has now provided an incredible amount of opportunities for those with the vision and motivation to succeed. This is particularly the case in reference to making powerful connections via social media circles. Interestingly enough, the most popular platform in Singapore is WhatsApp (followed closely by YouTube and Facebook respectively). The bottom line is that it has never been easier to connect with individuals associated with entirely different lifestyles. This is also the reason why the younger generation is now beginning to look abroad for professional opportunities.
We should also mention that the digital revolution has opened up numerous investment opportunities for international firms that are interested in what the Singaporean economy has to offer. In other words, many traditional geographic boundaries have been blurred while others have now disappeared entirely.
The Potential for Virtual Success
Another interesting trend which has taken hold of many budding Singaporean entrepreneurs involves the online retail community. It is now possible to establish a sizeable virtual presence with little initial capital and through the help of reliable e-commerce platforms such as www.shopify.com.sg. The main takeaway point here is that a great deal of experience is not required to enjoy substantial levels of success. Even those who possess only a basic level of technical knowledge can leverage the numerous benefits associated with modern e-commerce packages. It therefore stands to reason that the number of Singaporean businesses which choose to leverage the power of the online community is continuing to grow.
What does this signify for the future? Might we witness a day when the majority of transactions take place through online portals? Although there is no doubt that virtual success is entirely attainable, we also need to realise the simple fact that Singapore is a country steeped in pride and tradition. This is the reason why the underlying lifestyle is not likely to dramatically change in the coming years. However, the impact of the digital age upon this nation is undeniable and its influenced will continue to be felt.
*This post is written by my Guest Writer, Martha*