On 28 February 2017, French multinational IT consulting and outsourcing firm Capgemini launched its innovation lab, known as Applied Innovation Exchange (AIE), in Singapore. The exchange, is the company's 10th globally and the first in Southeast Asia.
They will work with corporate and government partners as well as universities to research into new technologies and how they impact organisations, build business models and product prototypes, and advise on best practices that help companies open up to new ideas. The aim is to help clients future-proof themselves, by proactively planning for disruptions and responding in an agile way that breaks away from traditional silo-ed models of research and development (R&D).
It already has ambitious plans to establish collaborations with 10 startups, institutes of higher learning, and research institutes to co-develop IT solutions in the next two years. For instance, the company has helped develop a virtual-reality-powered scenario for training clean energy windmill engineers in collaboration with the University of Munich.
Apart from contributing to Singapore’s innovation eco-system, the AIE will also be contributing to its talent eco-system. The AIE will employ and train local graduates to help build digital skills in areas such as data analytics, visualisation, artificial intelligence and cognitive computing.