This paper discusses the initial results of the investigations IT strategy in Singapore industry. Previous researchers have identified various barriers to exploitation of IT. These have been relevant to western industries. In this research the authors have undertaken the research to identify how Singaporean industries are looking at IT implementation. A series of interviews were conducted in Singapore SMEs. It was concluded typically small companies had misconceptions and misgivings about IT strategy. Current research mainly focusses on large companies and thus there was gap between existing approaches and those relevant to small companies. IT decisions were delegated to the middle management in a significant proportion of small companies that had a business-aligned IT strategy. Funding of IT remained elusive to small companies especially with emergence of new tools. This research has paved way for further research and analysis on the IT strategy and adoption in SMEs.