Photo from Envato Elements

Singapore companies adopt AI widely with limited oversight: report

Only 53% of Singapore leaders reported having moderate to strong safeguards to protect AI systems from risks.

Despite the near-universal adoption of artificial intelligence (AI) amongst Singapore companies, only 43% are actively investing in frameworks to govern the risks of next-generation AI technologies, according to a new EY survey.

The 2025 EY Responsible AI Pulse Survey, which polled 975 C-suite leaders globally, including 30 from Singapore, found that whilst 100% of Singapore respondents say their organisations have already integrated or are in the process of integrating AI into core business functions, oversight is not keeping pace.

The survey highlighted a significant governance gap. Only 53% of Singapore leaders reported having moderate to strong safeguards to protect AI systems from risks like data corruption or unauthorized access, well below the global figure of 71%.

Furthermore, 67% admitted their organisation’s current risk approaches are not equipped to handle the challenges posed by emerging technologies such as agentic AI and multi-modal AI.

Despite 90% of Singapore executives expecting to deploy agentic AI, systems capable of making decisions independently, within the next two years, just over half (55%) said they understand the associated risks.

Risk awareness is even lower for multi-modal AI, with only 43% familiar with the potential downsides, despite plans for widespread adoption.
 

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Top News

Access Partnership closes $16.6m raise with Mayfair and Kartesia
The firm plans to use the capital for acquisitions and to deepen its global footprint.
Saudi Arabia may set up crude oil storage in Singapore
The joint venture will commence in Jurong Island in the second half of 2027.