Exploiting Technology for Business Transformation

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Lynne Hodge
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1 Exploiting Technology for Business Transformation 9 Oct 2014 Liau Eng Soon, Director, SERC, A*STAR

2 Even the best business models can be disrupted every few years Why? Information Technology Speed and Degree of Change Competition Why Change? Consumer Tastes and Expectations Past performance of a business model is no longer a guarantee of future success

4 Population Boom Global MegaTrends Ageing population Urbanisation Rise of the Digital World Why Change? Mass Customisation Individual Empowerment Economic Instability Resource Scarcity

making and process optimisation A world where just about anything can be

5 Rise of the Digital World What is Internet of Things Networks of low-cost sensors and actuators for data collection, monitoring, decision making and process optimisation A world where just about anything can be connected and communicate in an intelligent fashion. Source:

FOSTA PTE LTD Productivity Improvement Machine-to-machine communication over Internet Automated Noise and Vibration Monitoring System Real-time noise and vibration monitoring Automated data

6 FOSTA PTE LTD Productivity Improvement Machine-to-machine communication over Internet Automated Noise and Vibration Monitoring System Real-time noise and vibration monitoring Automated data collection Improved operational efficiency with technology Without Automation Worker needs to physically travel down to site to collect data Manual data-entry and report generation With Automation Manpower savings of 50% Reduction in processing time by 88% Real time data allows for real time alerts

7 What is Augmented Reality Individual Empowerment A type of virtual reality that aims to duplicate the world s environment in a computer. Interactive, Virtual Try-On Experience

hairstyles in less than 30 minutes Improved Customer Experience

8 Gamurai Industry Gamechanger Individual Empowerment A*STAR s/i2r s 3DFace Modeling (3DFM) Technology Try on more than 50 different hairstyles in less than 30 minutes Improved Customer Experience Innovation & Productivity Tools Appointment System, Sales Report, CRM, Inventory Management, etc

9 It allows hairstylists to take a single frontal photograph of a customer and create a virtual 3D avatar on which different hairstyles can be superimposed.

10 Video

JCS-Echigo (JE) Business Innovation & Sustainability Economic Instability Specializes in the design and manufacture of

core cleaning competency, JE has ventured into the design and manufacture of small stand-alone dishwashers, as well as

Expanded into F&B industry Now, through A*STAR s T-Up programme, JE has embarked on a programme to design, develop and

11 JCS-Echigo (JE) Business Innovation & Sustainability Economic Instability Specializes in the design and manufacture of precision cleaning equipment for hard disk drive, industrial electronics, optics and medical industries Leveraging on its core cleaning competency, JE has ventured into the design and manufacture of small stand-alone dishwashers, as well as customised warewashing equipment for handling huge volumes/ specific kitchen wares. Expanded into F&B industry Now, through A*STAR s T-Up programme, JE has embarked on a programme to design, develop and commercialise a Multi-Robot Sorting System that is capable of sorting different types of table wares using enhanced 3D perception technology and be integrated with JE s warewashing systems.

12 About A*STAR

13 A*STAR Standards, Productivity and Innovation Board Jurong Town Corp Energy Market Authority Sentosa Development Corp Economic Development Board International Enterprise Singapore A*STAR s role is to be the engine for transforming the economy into a knowledge-based and innovation-driven one. Competition Commission of Singapore Singapore Tourism Board

14 A*STAR Biomedical Research Council (BMRC) Joint Council Office (JCO) Science & Engineering Research Council (SERC) ETPL A*STAR Graduate Academy 10 Research Units Interdisciplinary Research 8 Research Units Commercialisation Scholarships >5,300 Staff >4,300 Researchers, Engineers and Technical Support Staff

15 From Mind to Market How A*STAR can help What do I need? Grow your business with technology Go to market Identify technology needs Operation and Technology road mapping ( OTR ) Five Facilitated workshops Defined technology roadmap created by management of companies with the support from OTR specialists Ris Use of Innovation and Capability voucher allowed Improve productivity Technology Adoption Program (TAP) 12 Ready-To-Go packages o Item Management & Tracking System o Snap-to-Tell o Calsoft Growth Projects with RI o One-to-one o CIP / value chain projects Gap-funding Technology licensing Headstart Program Simplified Licensing Terms Tech transfer / support Technical advisory / consultancy T-UP

16 Resources Centre of Innovation Where? Aim Precision Engineering SIMTech Sustain and Advance local Industries and value chain companies Materials IMRE Translate material technologies into applications A*STAR website ETPL website Quarterly letter i alert i SME newsletter address: Communication Channels By ETPL By A*STAR A-STAR_TAP@a-star.edu.sg A-STAR_GET-UP@a-star.edu.sg Tech-offer@etpl.sg