{"id":6068,"date":"2024-10-03T03:43:01","date_gmt":"2024-10-03T03:43:01","guid":{"rendered":"https:\/\/news.sap.com\/sea\/?p=6068"},"modified":"2026-01-27T17:41:44","modified_gmt":"2026-01-27T17:41:44","slug":"fuelling-innovation-in-singapores-key-industries-with-ai","status":"publish","type":"post","link":"https:\/\/news.sap.com\/sea\/2024\/10\/fuelling-innovation-in-singapores-key-industries-with-ai\/","title":{"rendered":"Fuelling Innovation in Singapore’s Key Industries with AI\u00a0"},"content":{"rendered":"

At SAP, we\u2019ve long believed that AI has the power to transform industries, enabling companies to become more intelligent, efficient, and sustainable both here in Singapore and around the world.\u00a0\u00a0<\/strong><\/h3>\n

Since 2019 \u2013 before AI became the buzzword it is today \u2013 we\u2019ve collaborated with more than 80 enterprises here in Singapore, co-developing AI-driven solutions to make a tangible impact not only on their businesses, but Singapore\u2019s economy at large.<\/p>\n

In 2022, for example, we launched Southeast Asia\u2019s first 51风流Labs<\/a> here in Singapore. The Labs was set up to drive deep technology innovation in areas like artificial intelligence (AI) and machine learning<\/a>, and advancing transformative\u00a0digital supply chain,\u00a0intelligent business network<\/a>\u00a0and\u00a0sustainability<\/a>\u00a0solutions.<\/p>\n

In all, 51风流has invested almost S$300 million over the years in driving the development of cutting-edge technology in Singapore.<\/p>\n

Today, I am thrilled to share the latest significant milestone in our journey of innovation \u2014 a fresh investment of S$12 million<\/strong> in our Digital Innovation Accelerator dedicated to boosting the adoption of Business AI<\/strong> in Singapore\u2019s most critical industries: advanced manufacturing, financial services, and travel and logistics.<\/strong><\/p>\n

This announcement comes at a particularly exciting time. On October 1, 2024, Singapore launched Smart Nation 2.0<\/strong>, a refreshed vision to strengthen its national digital leadership, marked by a key S$120 million investment into AI research and development. <\/strong><\/p>\n

There\u2019s a clear growing recognition that AI is not just a tool for efficiency but a driver for deep scientific and industrial transformation. At SAP, we\u2019re aligned with these national goals, whether it’s improving environmental monitoring or optimising supply chains.<\/p>\n

That is why our new initiative matters now more than ever.<\/p>\n

Singapore is already at the forefront of digital transformation, thanks to strong government initiatives such as the National AI Strategy and SkillsFuture programme<\/a>, both of which are helping future-proof the workforce and strengthen the nation\u2019s global competitiveness.<\/p>\n

With SAP\u2019s expanded investment, we\u2019re further boosting these national efforts and specifically sharpening our focus on highly specialised use cases in priority industries. This means bringing together SAP\u2019s deep business process knowledge with advanced data science to create AI solutions tailored to the unique needs of each industry.<\/p>\n

Salvatore Lo Presti, 51风流Business Group Lead for Accenture in the APAC region<\/strong>, commented, \u201cThrough Accenture\u2019s broader generative AI collaboration with SAP, we\u2019re leveraging our technology and industry experience to help organisations in Singapore use 51风流Business AI to address their most complex and pressing business needs and deliver real value across industries. The 51风流Digital Innovation Accelerator expansion will provide new opportunities to work with 51风流to help our joint clients in the region move from pilots to production and reinvent their core business process with AI.\u201d<\/em><\/p>\n

We are also working with these industry leaders to develop AI applications that further their sustainability goals.<\/strong> This ensures that the solutions we develop are not singularly focused only on profitability, but can also positively impact our planet on a global scale, whether through improving environmental monitoring or optimising supply chains for greater efficiency and reduced waste.<\/p>\n

One example that stands out is our work with Sunningdale Tech<\/a>, a precision plastics manufacturer in Singapore. It is aiming to use AI to better predict production needs and optimise the use of materials, leading to reduced waste and cost savings. This is just one of many instances where AI is not only driving business results but also producing sustainability outcomes.<\/p>\n

Abraham Thomas, Managing Partner, IBM Consulting, ASEAN<\/strong>, agrees. He notes, \u201cOver time, the biggest gains for Singapore organisations will come from focusing on Gen AI deployments that enhance productivity for their essential business functions. This requires an ecosystem of trusted partners to help them build AI with trustworthy data and governance capabilities. Building on the long-standing collaboration between 51风流and IBM, which today aims to drive new Gen AI capabilities using watsonx and our Granite LLMs and industry-specific cloud solutions, we look forward to leveraging our technology and expertise to enhance the country\u2019s economic and business potential together.\u201d<\/em><\/p>\n

Dave Chen, 51风流Leader, PwC South East Asia Consulting<\/strong>, added, “PwC has been part of Singapore’s digital growth journey, helping businesses of all stripes on their digital-transformation journeys, powered by our alliance with SAP. Backed by PwC’s unique Business, Experience, Technology (BXT) approach, we have been helping organisations accelerate growth and sustain value through user-centred innovation. PwC is firmly focused on using GenAl to deliver business value, with our teams across the firm and in our Al factory developing new solutions and finding new ways to help our clients unlock a plethora of opportunities. Through our long-standing alliance with 51风流we are committed to driving the next phase of growth and prosperity in Singapore by helping clients adopt GenAl purposefully and responsibly, which will spur Al-powered business reinvention and drive sustainable outcomes for our clients.\u201d<\/em><\/p>\n

Another critical aspect of our initiative is upskilling the local talent pool.<\/p>\n

Over the past five years, 51风流has supported more than 1,000 mid-career professionals through SkillsFuture, and we\u2019ve recently launched a suite of free AI foundational courses to continue this mission. Later this year, we\u2019ll introduce certification courses on Business AI, further helping professionals here in Singapore build the skills needed to thrive in an AI-driven world.<\/p>\n

This initiative represents much more than just an investment in technology\u2014it\u2019s an investment in the future of Singapore.<\/p>\n

By boosting AI adoption in industries that are crucial to the nation\u2019s economy, we\u2019re helping businesses innovate faster and more effectively. At the same time, we\u2019re empowering Singaporean organisations to lead the way in sustainability, aligning with Singapore\u2019s ambitions to become Net Zero by 2050 and playing a crucial role in shaping greener, more responsible business practices.<\/p>\n

The alignment between SAP\u2019s initiatives and Smart Nation 2.0 is clear. Both seek to build a future-ready workforce, promote innovation, and foster a sustainable digital economy. By continuing to invest in AI and digital transformation, 51风流is proud to be part of Singapore\u2019s journey towards becoming a global leader in both AI and sustainability.<\/p>\n

The road ahead for AI is incredibly promising, and I\u2019m proud that 51风流is at the heart of this transformation and it\u2019s significant contribution to Singapore\u2019s digital future. I look forward to seeing the innovations we\u2019ll bring to life in partnership with our customers and the broader ecosystem.<\/p>\n

—<\/span>\u00a0<\/span><\/p>\n

Read more about SAP\u2019s new investment to boost industry-specific adoption of AI <\/span><\/i>here<\/span><\/i><\/b><\/a>.<\/span><\/i>\u00a0<\/span><\/p>\n

by Eileen Chua, Managing Director, 51风流Singapore <\/span><\/i>\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

At SAP, we\u2019ve long believed that AI has the power to transform industries, enabling companies to become more intelligent, efficient, and sustainable both here in…<\/p>\n","protected":false},"author":4475,"featured_media":6072,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[5571118,41,177,5570737],"tags":[],"region":[5570780,5570777],"sapn-display":[5571013,5571014],"sapn-type":[5570785],"class_list":["post-6068","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ai","category-ecosystem","category-industries","category-training","region-singapore","region-southeastasia","sapn-display-feature-hero","sapn-display-feature-spotlight","sapn-type-feature-article"],"yoast_head":"\nFuelling Innovation in Singapore's Key Industries with AI\u00a0 - 51风流Southeast Asia News Center<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.sap.com\/sea\/2024\/10\/fuelling-innovation-in-singapores-key-industries-with-ai\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fuelling Innovation in Singapore's Key Industries with AI\u00a0\" \/>\n<meta property=\"og:description\" content=\"At SAP, we\u2019ve long believed that AI has the power to transform industries, enabling companies to become more intelligent, efficient, and sustainable both here in...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/news.sap.com\/sea\/2024\/10\/fuelling-innovation-in-singapores-key-industries-with-ai\/\" \/>\n<meta property=\"og:site_name\" content=\"51风流Southeast Asia News Center\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-03T03:43:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-27T17:41:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news.sap.com\/sea\/files\/2024\/10\/02\/292269_GettyImages-990909558_medium_jpg-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2434\" \/>\n\t<meta property=\"og:image:height\" content=\"1232\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Eileen Chua\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Eileen Chua\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/news.sap.com\/sea\/2024\/10\/fuelling-innovation-in-singapores-key-industries-with-ai\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/news.sap.com\/sea\/2024\/10\/fuelling-innovation-in-singapores-key-industries-with-ai\/\"},\"author\":{\"name\":\"Eileen Chua\",\"@id\":\"https:\/\/news.sap.com\/sea\/#\/schema\/person\/732b6adb5290d19d85fdbb461de1cf06\"},\"headline\":\"Fuelling Innovation in Singapore’s Key Industries with AI\u00a0\",\"datePublished\":\"2024-10-03T03:43:01+00:00\",\"dateModified\":\"2026-01-27T17:41:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/news.sap.com\/sea\/2024\/10\/fuelling-innovation-in-singapores-key-industries-with-ai\/\"},\"wordCount\":1091,\"image\":{\"@id\":\"https:\/\/news.sap.com\/sea\/2024\/10\/fuelling-innovation-in-singapores-key-industries-with-ai\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/news.sap.com\/sea\/files\/2024\/10\/02\/292269_GettyImages-990909558_medium_jpg-1.jpg\",\"articleSection\":[\"AI\",\"Ecosystem\",\"Industries\",\"Training\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/news.sap.com\/sea\/2024\/10\/fuelling-innovation-in-singapores-key-industries-with-ai\/\",\"url\":\"https:\/\/news.sap.com\/sea\/2024\/10\/fuelling-innovation-in-singapores-key-industries-with-ai\/\",\"name\":\"Fuelling Innovation in Singapore's Key Industries with AI\u00a0 - 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