Manufacturing industries all around the world today face a period of great change brought about by the evolution of digital technologies. The Industrial Internet of Things (IIoT) trend is already sweeping the world. In order to maintain international competitiveness in manufacturing, a core industry that accounts for approximately 20 per cent of Singapore’s GDP, the public and private sectors are implementing initiatives to put the country at the forefront of innovation utilising cutting-edge IIoT.
In January 2016, Singapore announced the Research, Innovation and Enterprise (RIE) 2020 plan, which lays out the government’s research and development strategy and appropriated a budget of S$19.0 billion for the five-year period until 2020. This is the largest ever budget for an RIE plan. The government is prepared to provide an unprecedented level of support for enhancing the R&D capabilities of universities, government institutions, and private companies and plans to invest S$3.2 billion during the coming five years to support research in cutting-edge advanced manufacturing technologies such as IIoT, robotics, and cloud computing.
Supported by these government policies, IIoT solutions providers from around the world are gathering in Singapore one after another.
IIoT solution providers in Singapore
U.S.-based Emerson Electric Co. opened its first Pervasive Sensing Center of Excellence in the Asia region in Singapore in November 2014, investing US$10 million. The centre provides support for employee safety assurance and cost and risk reduction by analyzing data gathered from wireless sensors installed in every nook and corner of a manufacturing plant. Emerson is also providing an experimental project and training program relating to pervasive sensing in cooperation with the Singapore Economic Development Board (EDB).