RECENT STORIES:

Addressing digital sovereignty in a data-driven world
Hotels weigh Wi-Fi 7 upgrades as benefits, costs, and guest security n...
Illegal content streaming syndicates involve much deeper criminal acti...
Fall of Mongolian coalition government could lead to severe economic d...
Expanding External Opening-Up and Deepening Exchange and Cooperation
Open Cooperation and Development Conference of “Nanjing Tour of ...
LOGIN REGISTER
DigiconAsia
  • Features
    • Featured

      Illegal content streaming syndicates involve much deeper criminal activities than you think

      Illegal content streaming syndicates involve much deeper criminal activities than you think

      Monday, June 2, 2025, 1:48 PM Asia/Singapore | Features, Newsletter
    • Featured

      NRF 2025 APAC to showcase top innovations transforming regional retail

      NRF 2025 APAC to showcase top innovations transforming regional retail

      Friday, May 30, 2025, 11:58 AM Asia/Singapore | Features, Newsletter
    • Featured

      Surviving and thriving in the era of AI-driven automation

      Surviving and thriving in the era of AI-driven automation

      Thursday, May 29, 2025, 2:35 PM Asia/Singapore | Case Studies, Features, Newsletter
  • News
    • Featured

      AI model o3 defies shutdown commands autonomously, with code tampering

      AI model o3 defies shutdown commands autonomously, with code tampering

      Friday, May 30, 2025, 6:07 PM Asia/Singapore | News, Newsletter
    • Featured

      AI “inbreeding” crisis looms as their models spiral into irrelevance, warns expert  

      AI “inbreeding” crisis looms as their models spiral into irrelevance, warns expert  

      Friday, May 30, 2025, 2:45 PM Asia/Singapore | News, Newsletter
    • Featured

      Drone industry’s bold projections tempered by regulatory, technical, and public acceptance barriers

      Drone industry’s bold projections tempered by regulatory, technical, and public acceptance barriers

      Tuesday, May 27, 2025, 4:54 PM Asia/Singapore | News, Newsletter
  • Perspectives
  • Tips & Strategies
  • Whitepapers
  • Awards 2023
  • Directory
  • E-Learning

Select Page

News

Additional S$12 million investment in Business AI for Singapore

By DigiconAsia Editors | Tuesday, October 8, 2024, 4:39 PM Asia/Singapore

Additional S$12 million investment in Business AI for Singapore

The South-East Asia region’s industries to benefit from expanded investments into AI at SAP Labs and other AI-related programs.

Companies like precision plastics manufacturer Sunningdale Tech have decided to work with SAP’s Digital Innovation Accelerator team – for good reasons.

SAP has recently announced the expansion of its Digital Innovation Accelerator in Singapore. Supported by the Digital Industry Singapore (DISG), SAP 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.

Khoo Boo Hor, CEO and Executive Director of Sunningdale Tech, said: “SAP’s 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 over-production and machine under-utilization. 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.”

Since 2019, SAP has committed almost S$300 million to developing Business AI and other deep tech in Singapore. This includes establishing Southeast Asia’s first SAP Labs in 2022, and Asia’s first innovation center for experience management (XM) in 2023.

SAP Business AI is built into the SAP 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.

Practical path forward in sector-specific AI

The expanded SAP Digital Innovation Accelerator will see industry leaders work with a dedicated team of in-house SAP business architects, data experts, and developers to develop unique AI use cases tailored for their unique business scenarios.

The Accelerator team will have an additional focus on sustainability, aiming to create positive climate action outcomes through the application of AI and SAP’s sustainability solutions for use cases including improved environmental monitoring, reporting, and optimized supply chains.

Announcing the expansion, Eileen Chua, Managing Director, SAP Singapore, said: “Co-innovation initiatives like our Digital Innovation Accelerator are aimed at enabling SAP and our customers to rapidly scale digital transformation by tapping into our global expertise and ecosystems. Over the past five years, we’ve co-developed solutions with more than 80 Singapore enterprises, achieving tangible impact in their business processes and international growth.”

She added: “Singapore is significantly investing to futureproof its citizens and businesses through initiatives like the National AI Strategy, workforce development programs like SkillsFuture, and its Net Zero ambitions.”

While AI is only just starting to be applied to climate-related scenarios, some organizations are already demonstrating the promise of AI for climate impact, delivering some results. Combined with SAP’s own sustainability solutions, these initiatives are aimed at supporting Singapore to achieve Net Zero by 2050.

Commenting on the announcement, Philbert Gomez, Executive Director & Head, DISG, said: “SAP has been a longstanding partner in developing Singapore’s 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 SAP 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.”

Bolstering talent pipeline with AI courses

Over the past five years, SAP has collaborated closely with the Singapore Government under the SkillsFuture program to support and upskill over 1,000 mid-career professionals to teach practical and hands-on digital skills.

SAP has also invested in and launched eight free AI foundational courses and plans to introduce certification courses on Business AI later this year.

“These new, on-going, and upcoming initiatives are testament of SAP’s continuous commitment to build Singapore’s 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,” Ms Chua.

Share:

PreviousAI and digital transformation
NextMoomoo Launches Inaugural Global Paper Trading Challenge Powered by Nasdaq TotalView®

Related Posts

The role of tech vendors as ‘trusted advisors’ for sustainable partnerships

The role of tech vendors as ‘trusted advisors’ for sustainable partnerships

January 4, 2021

Shopping apps surge 40% in N. American purchase rates, but APAC region falters

Shopping apps surge 40% in N. American purchase rates, but APAC region falters

June 19, 2020

Spearheading sustainability in outer space: an urgent concern

Spearheading sustainability in outer space: an urgent concern

July 6, 2022

Financial literacy and inclusion initiative now extends to APAC

Financial literacy and inclusion initiative now extends to APAC

September 24, 2021

Leave a reply Cancel reply

You must be logged in to post a comment.

Awards Nomination Banner

gamification list

PARTICIPATE NOW

top placement

Whitepapers

  • Achieve Modernization Without the Complexity

    Achieve Modernization Without the Complexity

    Transforming IT infrastructure is crucial …Download Whitepaper
  • 5 Steps to Boost IT Infrastructure Reliability

    5 Steps to Boost IT Infrastructure Reliability

    In today's fast-evolving tech landscape, …Download Whitepaper
  • Simplify Payroll Setup for Your Small Business

    Simplify Payroll Setup for Your Small Business

    In our free guide, "How …Download Whitepaper
  • Overcoming the Challenges of Cost & Complexity in the Cloud-first Era.

    Overcoming the Challenges of Cost & Complexity in the Cloud-first Era.

    Download Whitepaper

Middle Placement

Case Studies

  • Tackling logistics and supply chain challenges with digitalization: Thanakorn Vegetable Oil Products

    Tackling logistics and supply chain challenges with digitalization: Thanakorn Vegetable Oil Products

    Implementing real-time shipment tracking, improved …Read More
  • Flying ahead with AI and automation

    Flying ahead with AI and automation

    Cathay scales up to meet …Read More
  • Surviving and thriving in the era of AI-driven automation

    Surviving and thriving in the era of AI-driven automation

    In the era of AI-driven …Read More
  • RHB Bank expands experience management for greater CX proficiency

    RHB Bank expands experience management for greater CX proficiency

    By analyzing customer experiences at …Read More

Bottom Sidebar

Other News

  • Fall of Mongolian coalition government could lead to severe economic downturn

    June 1, 2025
    Mongolia faces a crunch parliamentary …Read More »
  • Expanding External Opening-Up and Deepening Exchange and Cooperation

    May 31, 2025
    CHENGDU, China, May 31, 2025 …Read More »
  • Open Cooperation and Development Conference of “Nanjing Tour of German Enterprises” Convenes

    May 31, 2025
    NANJING, China, May 31, 2025 …Read More »
  • Arctech to Supply 175 MW of Solar Trackers for Landmark Green Hydrogen Project in Oman

    May 31, 2025
    DUQM, Oman, May 31, 2025 …Read More »
  • 9F Inc. Announces Receipt of Nasdaq Notification Regarding Late Filing of Form 20-F

    May 31, 2025
    BEIJING, May 31, 2025 /PRNewswire/ …Read More »
  • Our Brands
  • CybersecAsia
  • MartechAsia
  • Home
  • About Us
  • Contact Us
  • Sitemap
  • Privacy & Cookies
  • Terms of Use
  • Advertising & Reprint Policy
  • Media Kit
  • Subscribe
  • Manage Subscriptions
  • Newsletter

Copyright © 2025 DigiconAsia All Rights Reserved.