RECENT STORIES:

Addressing digital sovereignty in a data-driven world
China Accreditation Test for Translators and Interpreters Becomes the ...
China Accreditation Test for Translators and Interpreters Becomes the ...
Keep Inc. Announces 2025 Interim Results
Sigenergy’s Modular C&I Solar-Storage Solution Drives Sustai...
OneConnect Named to IDC China FinTech Emerging 50 for Sixth Consecutiv...
LOGIN REGISTER
DigiconAsia
  • Features
    • Featured

      Studies show AI and automation the way forward for finance

      Studies show AI and automation the way forward for finance

      Wednesday, August 20, 2025, 10:07 AM Asia/Singapore | Features, News
    • Featured

      India’s healthcare AI adoption faces hurdles in data, trust, equity, and workforce readiness

      India’s healthcare AI adoption faces hurdles in data, trust, equity, and workforce readiness

      Monday, August 18, 2025, 11:43 AM Asia/Singapore | Features
    • Featured

      Software quality in the AI era

      Software quality in the AI era

      Thursday, August 14, 2025, 5:17 PM Asia/Singapore | DevOps and AppDev, Features, Newsletter
  • News
    • Featured

      Indonesia’s largest private hospital network modernizes operations with cloud migration  

      Indonesia’s largest private hospital network modernizes operations with cloud migration  

      Wednesday, August 20, 2025, 5:25 PM Asia/Singapore | Case Studies, News, Newsletter
    • Featured

      Studies show AI and automation the way forward for finance

      Studies show AI and automation the way forward for finance

      Wednesday, August 20, 2025, 10:07 AM Asia/Singapore | Features, News
    • Featured

      China scoffs at America’s surprise offer to offloading downgraded AI tech

      China scoffs at America’s surprise offer to offloading downgraded AI tech

      Tuesday, August 19, 2025, 4:26 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

Australia’s air navigation provider continues ERP support via a third party vendor

Australia’s air navigation provider continues ERP support via a third party vendor

July 17, 2020

Have humans (Qu)bit off more than we can chew from quantum computing exploration?

Have humans (Qu)bit off more than we can chew from quantum computing exploration?

February 18, 2025

Data-driven approach to resilience in uncertain times

Data-driven approach to resilience in uncertain times

November 25, 2020

Automating Accounts Payable tops list of priorities in digital transformation: study

Automating Accounts Payable tops list of priorities in digital transformation: study

October 29, 2021

Leave a reply Cancel reply

You must be logged in to post a comment.

Awards Nomination Banner

gamification list

PARTICIPATE NOW

top placement

Middle Placement

Bottom Sidebar

  • 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.