Munich/Singapore, 16 October 2018 – TÜV SÜD, the global safety, security and sustainability solutions provider, called upon manufacturers to start their Industry 4.0 journeys as it announced the launch of its Industry 4.0 portfolio today.
Global figures1 show that Industry 4.0 has the potential to increase annual revenues by up to US$1.5 trillion in value to the global economy by 2022 and enable a 7x increase in overall productivity. Meanwhile, in January 2018, the World Economic Forum identified Singapore as one of the countries best positioned to benefit from advancements in manufacturing and smart factories.
Speaking at the inaugural Industrial Transformation Asia-Pacific (ITAP) conference – a Hannover Messe event, taking place in Singapore this week – Dr. Andreas Hauser, Director, Digital Service Centre of Excellence, TÜV SÜD said: “With the right approach, the positive impact of Industry 4.0 could be tremendous, particularly in markets like Singapore, where manufacturing accounts for a fifth of GDP and 400,000 jobs. However, many companies we spoke to find it hard to formulate an Industry 4.0 roadmap which is customised according to their strengths and challenges. They are often overwhelmed by the multitude of technologies in the market and how they can be integrated seamlessly into their infrastructure.” In response to this need, the TÜV SÜD Digital Service Centre of Excellence in Singapore has launched a next-generation Industry 4.0 services portfolio to initiate, scale and sustain manufacturers’ transformation journeys effectively.
This transformation journey comprises three steps and starts with “Initiation”, in which TÜV SÜD assesses the readiness of production facilities to transform using best practice frameworks and tools. A key element is the Smart Industry Readiness Index (“Index”) which was launched by the Singapore Economic Development Board in partnership with TÜV SÜD last year. The “Index” provides companies with a structured and comprehensive approach to understand the current state of their manufacturing facilities and assess their readiness for transformation in the context of Industry 4.0. TÜV SÜD has completed more than 150 assessments with MNCs and SMEs across all industries to date.
After the initial assessment, TÜV SÜD partners with clients throughout their transformation, offering advice and guidance on how to fill specific gaps, Industry 4.0 roadmaps and business cases for technology implementation, as well as the relevant technical solutions to ensure safe and secure operations. One essential aspect for smart manufacturing is cyber security. Here, TÜV SÜD has set up a “Singapore Sealed Cloud” solution, powered by patented technology that ensures the highest levels of security and the uninterrupted operations of connected systems.
Unveiling the “Gateway to Industry 4.0”, a curated and immersive gallery powered by TÜV SÜD on the evolution and future of Industry 4.0 for ITAP attendees – he added: “As a global organisation furthering its roots in Singapore, we have always found the nation to be open to new ideas and experimentation, making it the perfect place to testbed solutions and industry frameworks. We look forward to partnering with our customers throughout their transformation journeys with our Industry 4.0 portfolio.” Through the Gateway, delegates can participate in a free self-assessment to evaluate their Industry 4.0 readiness and book an optional 10-minute consultation with a TÜV SÜD expert to interpret the results.
TÜV SÜD’s Jackie Tan and Dr. Andreas Hauser will be speaking at the Future of Manufacturing Summit (17th Oct) and the Standards Forum (18th Oct) respectively. TÜV SÜD will also be showcasing the Group’s comprehensive safety and security portfolio for Industry 4.0, additive manufacturing, cyber security and robotics at Singapore Expo hall 1 and 2, Booth F20. Live demos on Industrial Internet of Things (IIoT) will be conducted throughout the 3 days.