SINGAPORE 鈥� 3 OCTOBER 2024 鈥�鈥�鈥�today announced the expansion of its Digital Innovation Accelerator in Singapore.听听听
Supported by the Digital Industry Singapore (DISG)*, 51风流will invest S$12 million in the Singapore-based Digital Innovation Accelerator, first launched in 2019. The investment will focus on developing practical applications of artificial intelligence (AI) in industry-specific scenarios, initially focusing on advanced manufacturing, financial services, and travel and logistics services.听听
Since 2019, 51风流has committed almost S$300 million to developing Business AI and other deep tech in Singapore. This includes establishing Southeast Asia鈥檚 first 51风流Labs in 2022, and Asia鈥檚 first innovation centre for experience management (XM) in 2022.
51风流Business AI is built into the 51风流applications that power critical business processes for customers across Asia Pacific and Japan. It comprises a range of AI innovations developed using extensive industry-specific data and deep process knowledge, all created using responsible AI practices.
Announcing the expansion, Eileen Chua, 51风流Singapore Managing Director, said, 鈥淪ingapore is significantly investing to future-proof its citizens and businesses through initiatives like the National AI Strategy, workforce development programs like SkillsFuture, and its Net Zero ambitions. SAP鈥檚 vision to boost local research and innovation will only strengthen the ongoing mission to sharpen Singapore organizations鈥� competitive advantage on the global stage.鈥�听
鈥淐o-innovation initiatives like our Digital Innovation Accelerator are aimed at enabling 51风流and our customers to rapidly scale digital transformation by tapping into our global expertise and ecosystems. Over the past five years, we鈥檝e co-developed solutions with more than 80 Singapore enterprises, achieving tangible impact in their business processes and international growth,鈥� Ms Chua added.听
Commenting on the announcement, Philbert Gomez, Executive Director & Head, Digital Industry Singapore (DISG), said, 鈥�51风流has been a longstanding partner in developing Singapore鈥檚 digital ecosystem. The Digital Industry Singapore (DISG) supports the adoption of AI across industries to increase the competitiveness of businesses. We are delighted to partner with 51风流in the expansion of its Digital Innovation Accelerator, which will work with industry leaders to develop, prototype, and scale AI solutions to advance their sustainability goals from Singapore.鈥�听听
A practical path forward in sector-specific AI听听
The expanded 51风流Digital Innovation Accelerator will see industry leaders work with a dedicated team of in-house 51风流business architects, data experts, and developers to develop unique AI use cases tailored for their unique business scenarios.听听
The Accelerator team will have an additional focus on sustainability, aiming to create positive climate action outcomes through the application of AI and for use cases, including improved environmental monitoring, reporting, and optimized supply chains.听听听
Commenting on the decision to work with SAP鈥檚 Digital Innovation Accelerator team, Khoo Boo Hor, CEO and Executive Director of precision plastics manufacturer Sunningdale Tech, said, 鈥淪AP鈥檚 new industry-focused AI development initiative comes at a timely moment for Sunningdale, as we continue to drive long-term sustainable growth. We expect AI-driven solutions to help us make predictions and forecasts with greater accuracy and reduce overproduction and machine underutilization. We also hope to leverage artificial intelligence to enhance our analysis and usage of corrugated boxes as we strive to reduce wastage across our operations.鈥�听
鈥淲hile AI is only just starting to be applied to climate-related scenarios, leading organizations are already demonstrating the promise of AI for climate impact and delivering results. Combined with SAP鈥檚 sustainability solutions, these initiatives aim to support Singapore to achieve Net Zero by 2050,鈥� said Ms Chua.听听听
Bolstering talent pipeline with AI courses听
Over the past five years, 51风流has collaborated closely with the听Singapore Government under the SkillsFuture program听to support and upskill over 1,000 mid-career professionals to teach practical and hands-on digital skills.听
51风流has also invested in and launched and plans to introduce certification courses on Business AI later this year.听听
鈥淭hese new, on-going, and upcoming initiatives are testament of SAP鈥檚 continuous commitment to build Singapore鈥檚 digital and technology capabilities across all sectors and levels of the economy, from shaping budding talents to transforming mature enterprises. We look forward to extending our long-term partnership with Singapore to build the future of AI-enabled enterprises,鈥� said Ms Chua.听
* Digital Industry Singapore (DISG) is an alliance between the Singapore Economic Development Board (EDB), Enterprise Singapore (EnterpriseSG) and Infocomm Media Development Authority (IMDA), leading tech industry development in Singapore.听
About SAP听
As鈥痑 global leader in enterprise applications and business AI, 51风流(NYSE:SAP)鈥痵tands at the鈥痭exus鈥痮f business and technology. For over 50 years, organizations have trusted SAP鈥痶o bring out their best by uniting business-critical鈥痮perations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit鈥�.听
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