On 24.01.2019 Singapore Economic Development Board (EDB), McKinsey & Company, SAP, Siemens and TÜV SÜD announced a collaboration to support companies, both big and small, scale the adoption of Industry 4.0 technologies.
The collaboration aims to develop tools and offerings that can accelerate the digital transformation of manufacturers in Singapore and internationally. This is achieved by leveraging the collective expertise of:
EDB will focus on industry development and ecosystem building to transform its industries and create good job opportunities for Singaporeans
McKinsey & Company will serve as a Knowledge Partner with its experience in helping companies undertake process redesign, technology road-mapping and organisational capability development
SAP helps manufacturing companies become more intelligent with end-to-end process agility and business innovation
Siemens provides a holistic and industry-specific portfolio for the digital transformation of the discrete and process industries. It comprises automation as well as Industrial Software, Industrial Communication, Industrial Security and Industrial Services including consulting over the entire lifecycle to support manufacturers to implement their individual digital transformation project
TÜV SÜD ensures Industry 4.0 solutions are safe, secure and reliable
Launch of the Smart Industry Readiness Index
In 2017, EDB and TÜV SÜD launched the Smart Industry Readiness Index, which is a diagnostic tool to help companies assess their readiness for transformation. The Index has been substantially applied in Singapore and is being rolled out in Indonesia, Thailand, India, USA, Europe and Japan.
The Smart Industry Readiness Index is a world-first Industry 4.0 tool developed by the Singapore Government to enable the transformation of industrial sectors, at both the enterprise and national levels. Created in partnership with global testing, inspection, certification and training company TÜV SÜD and validated by an advisory panel of industry and academic experts, the Index has been designed as a comprehensive tool to help companies across all industries and sizes to harness the value of Industry 4.0 in a systematic and comprehensive way.
At the enterprise level, the Index lays outs a 4-step approach to help manufacturing firms learn about Industry 4.0 concepts, evaluate the current state of their facilities, architect a transformation roadmap, and deliver sustained value for their businesses. At the national level, the Index has the potential to serve as a metric for Industry 4.0 benchmarking within and across industries, enabling government bodies to better design sector-specific policy interventions to accelerate the transformation of industrial sectors.
The Index comprises three layers. At the top are the three fundamental building blocks of Industry 4.0: Process, Technology, and Organization. Underpinning these building blocks are eight pillars of focus, which then map onto 16 dimensions of assessment. For each of the 16 dimensions, the Index provides an assessment matrix which companies can use to evaluate their current processes, systems and structures. The assessment matrix also doubles as a step-by-step improvement guide, as each dimension provides intermediate steps needed for companies to progress.
Provision of Public Workshops and 300 Funded Assessments on 22.03.2018
Since the launch of the Index in 2017, strong momentum and interest from both the local and international communities could be seen. To-date, more than 2000 business executives from over 500 companies have attended the public workshops and conferences hosted by the Government on the Index.
To support the industrial sectors to leverage on the Index to initiate or accelerate their transformation, Dr Koh Poh Koon, Senior Minister of State for Trade and Industry and National Development, announced the provision of 300 funded assessments of the Index to help SMEs and MNCs across all industries kick start their Industry 4.0 transformation. To further amplify the reach and use of the Index, an accreditation programme will also be developed to train and qualify assessors.
“Prioritisation Matrix” to be launched at Hannover Messe 2019
As a next step, EDB in collaboration with McKinsey & Company, SAP, Siemens, and TÜV SÜD will enhance the Index with a computational tool that helps companies identify and recommend focus areas and digital initiatives to prioritise based on their individual readiness score and current financial performance. This “Prioritisation Matrix”, will be launched at Hannover Messe 2019, alongside a white paper detailing its concept and development.