“Industry 4.0 will fundamentally alter the way companies and sectors work – increasing productivity, reducing costs, enhancing industrial growth, and eventually redefining the competitiveness of businesses and economies.”
The Industry 4.0 Startup Program: A Call to Innovate
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By Steven Tong, Head, SAP.iO Foundry Singapore
Why Industry 4.0 is important
The Industry 4.0 revolution is well under way.
Describing the trend where smart and autonomous manufacturing systems – fueled by data and machine learning – optimize manufacturing processes, this transformation is enabling higher quality, more personalized goods at lower costs. But the fourth industrial revolution affects not only manufacturers. It touches all aspects of the supply and value chain: From design to manufacturing to how a product gets into the hands of a customer.
When computerization – the third industrial revolution – began in the latter half of the 19th century, no one imagined a world where nearly 60% of its population are connected to the Internet. Or the possibilities associated with it – such as online shopping, digital banking or smart homes.
In that same vein, Industry 4.0 will fundamentally alter the way companies and sectors work – increasing productivity, reducing costs, enhancing industrial growth, and eventually redefining the competitiveness of businesses and economies.
The relevance to Southeast Asia
This manufacturing revolution is of particular importance to Southeast Asia.
According to McKinsey, Industry 4.0 is expected to drive productivity increases comparable to those generated by the introduction of the steam engine in the first industrial revolution. In $0.2 trillion to $0.6 trillion.
Furthermore, companies are increasingly looking to diversify their manufacturing operations owing to trade frictions. Southeast Asia’s adoption of Industry 4.0 can help the region shine as a data-driven manufacturing powerhouse – to attract MNCs and investment.
The region’s governments know that.
Singapore’s manufacturing sector had been gearing up to adopt the Industry 4.0 model. To help manufacturers transform, the Singapore Economic Development Board launched a Index in 2017. In 2018, Indonesia embarked on its Making Indonesia 4.0 roadmap with the intention of making Indonesia a smart manufacturing hub. In the same year, Malaysia launched Industry 4WRD, its national policy on Industry 4.0 with the aim of driving Malaysia as the Industry 4.0 hub. Vietnam too has plans to embrace Industry 4.0, recently signing Resolution 52 which will facilitate the country’s active participation in the fourth industrial revolution.
With strong government backing for Industry 4.0 initiatives in the region, opportunities abound for companies with the technologies to support them.
SAP.iO’s experience in Industry 4.0
This makes it an opportune time for SAP.iO to step in – given our experience in Industry 4.0 and the region. Our Foundry team in Berlin successfully concluded an Industry 4.0 startup program in July 2018.
Accelerating the future of Industry 4.0 in Southeast Asia: An opportune time now
Recently in November, the Foundry Singapore team also completed our first foundry program. The strong results – along with the traction of Industry 4.0 in the region – makes this an ideal time for the Foundry to initiate startup innovation in this area.
SAP has many customers in discrete industries in Southeast Asia. Many of them are seeing a need to transform in the way they manufacture, or in their supply chains. By helping Industry 4.0 startups integrate innovative solutions with SAP’s digital core platforms, we can help our customers realize additional value to the investments they have already made and be their innovation advisor. Startups also get valuable go to market assistance to help them scale across the region.
Open for applications: Industry 4.0 startup program in Singapore
As such, we are happy to announce that applications are open for the Industry 4.0 startup program in Singapore – which will focus on scaling Industry 4.0 startups across the Southeast Asia and India markets.
Like our global network of top-tier startup programs, this will be an exciting program for startups to scale via curated mentorship, exposure to SAP data and technologies, and opportunities to meet and collaborate with SAP global base of enterprise customers.
Startups interested in participating in SAP.iO Foundry Singapore Industry 4.0 program should apply via this website, by 21 January 2020.