Singapore has a well-deserved reputation as a dynamic global trading center and a first-class hub of financial and other services. But let’s not forget about manufacturing, which makes up around 20% of its economy.
The sector is essential to the city nation’s economic future and must push on with digital transformation to stay competitive, according to Microsoft Singapore Managing Director, Kevin Wo.
“As a company – with the mission to empower every organization and individual on the planet to achieve more – the manufacturing sector is one such community that we want to make a real and lasting impact in,” he writes in a new blog. “We have embarked on two initiatives that will help us cement our commitment to help the manufacturing sector in Singapore transform digitally and position the nation for the future; for the digital economy.”
Microsoft has become the first technology company to be part of A*STAR’s Advanced Remanufacturing and Technology Centre (ARTC). A key priority under the ARTC Model Factory program is the development of capabilities in cloud-based communication and processes, such as big data analytics and connectivity. Its focus is also on artificial intelligence (AI), the Internet of Things (IoT), and other immersive technologies.
Microsoft has also become a key technology member in an Industrial IoT Initiative led by A*STAR, which is an industry-led consortium to link research and industry needs for industrial IoT technologies.