“While interest in Industry 4.0 has caught on, many companies are now experiencing a ‘pilot trap’ where transformation activities may be underway but have yet to scale beyond proofs of concept to yield meaningful bottom-line benefits. The collaboration will enable us to establish a neutral, open and qualified Industry 4.0 ecosystem which will facilitate the transformation of companies’ processes, technologies and organization globally and at scale.”

 

The Singapore Economic Development Board (EDB)

The Singapore Economic Development Board (EDB), a government agency under the Ministry of Trade and Industry, is responsible for strategies that enhance Singapore’s position as a global center for business, innovation, and talent. EDB undertake investment promotion and industry development, and work with international businesses, both foreign and local, by providing information, connection to partners and access to government incentives for their investments. Their mission is to create sustainable economic growth, with vibrant business and good job opportunities for Singapore.

“Our global survey shows most manufacturing companies consider digital manufacturing a priority and see themselves ahead of the game. We are encouraged that a clear majority have also embarked on their Industry 4.0 journey by piloting digital solutions. However, for most companies, advancing beyond the pilot stage to broader rollout within the organization is still a big challenge, and this platform has been designed with this challenge in mind. Through this powerful collaboration, we are excited to provide a holistic Industry 4.0 ecosystem that will help our clients win the Digital Manufacturing race.”

 

McKinsey’s Digital Capability Centers (DCC) are a global network of Industry 4.0-focused capability centers to drive digital transformation of companies around the world. Offering services from experiential learning and capability-building to piloting new technologies, the DCCs support companies at every stage of their digital transformation journey. The DCC network includes facilities in Aachen/Germany, Beijing, Chicago, Singapore and Venice/Italy. Each center has been founded in partnership with a leading industry consortium, government organization, or research institution.

“This collaboration aims to create an intelligent, networked, data-driven model to help manufacturers realize their Industry 4.0 vision. SAP is proud to be part of this collaboration and is committed to helping our industrial customers identify digital transformation opportunities from the factory floor to the board room. We strongly believe that enhancing the Smart Industry Readiness Index will help businesses enhance productivity by leveraging Industrial IoT and Digital Supply Chain solutions.”

 

SAP

As market leader in enterprise application software, SAP helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 404 000 business and public sector customers to operate profitably, adapt continuously, and grow sustainably.