SINGAPORE – 3 OCTOBER 2024 – SAP today 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.
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 centre 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.
Read the following comments from SAP partners:
Accenture
“Through Accenture’s broader generative AI collaboration with SAP, we’re leveraging our technology and industry experience to help organisations in Singapore use SAP Business AI to address their most complex and pressing business needs and deliver real value across industries. The SAP Digital Innovation Accelerator expansion will provide new opportunities to work with SAP to help our joint clients in the region move from pilots to production and reinvent their core business process with AI,” said Salvatore Lo Presti, SAP Business Group Lead for Accenture in the APAC region
IBM Consulting
Over 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 SAP 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’s economic and business potential together,” said Abraham Thomas, Managing Partner, IBM Consulting, ASEAN
PwC Consulting
“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 GenAI to deliver business value, with our teams across the firm and in our AI factory developing new solutions and finding new ways to help our clients unlock a plethora of opportunities. Through our long-standing alliance with SAP, we are committed to driving the next phase of growth and prosperity in Singapore by helping clients adopt GenAI purposefully and responsibly, which will spur AI-powered business reinvention and drive sustainable outcomes for our clients,” said Dave Chen, SAP Leader, PwC South East Asia Consulting
About SAP
As a global leader in enterprise applications and business AI, SAP (NYSE:SAP) stands at the nexus of business and technology. For over 50 years, organizations have trusted SAP to bring out their best by uniting business-critical operations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit www.sap.com.
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