Singapore Economic Development Board pledges to support the success of the newest SAP Labs Singapore anticipated to upscale the digital skills of the local IT professionals.
The enterprise software giant is reinforcing its digital innovation investment in Asia with the launch of SAP Labs Singapore established to accelerate research and development for SAP key solutions in the region. The opening ceremony held on the 23rd of March was graced by esteemed SAP leaders: Thomas Saueressig, Member of the Executive Board of SAP SE for SAP Product Engineering, Eileen Chua, Managing Director, SAP Singapore, and Manik Saha, newly appointed Managing Director for SAP Labs Singapore; and Singapore’s Minister for Trade and Industry Gan Kim Yong and Singapore Economic Development Board (EDB) Managing Director Jacqueline Poh.
SAP Labs Singapore joins the global SAP Labs Network comprised of 20 labs in 17 countries including China, India, Japan, and South Korea. As the pioneer SAP Labs in Southeast Asia, the digital innovation facility is strategically located in the city-state, one of the world’s leading technology hubs and a country that has been significantly contributing to SAP’s regional achievements. SAP in Singapore currently employs over 1,100 professionals and caters to large and global enterprises such as Changi Airport Group, Hilleman Laboratories, JUMBO Group, Love Bonito, Singapore LNG Corporation, and Sunningdale Tech Ltd., among many.
“SAP Labs Singapore joins a network of strategic high-tech clusters, reinforcing SAP’s strong confidence in Singapore as an innovation and investment hub, its highly educated and skilled talent, and its position as a regional beacon of excellence in technology innovation and a digital future,” stated Saueressig.
Partnering with Singapore Economic Development Board
Aside from driving innovation on deep technologies such as AI and machine learning, SAP Labs Singapore is also anticipated to accelerate digital supply chain transformation, strengthen the intelligent business networks and develop sustainability solutions. In addition, the newest innovation hub in Asia fosters digital talent and bolsters the SAP ecosystem and community engagement in Singapore.
Furthermore, SAP has garnered the support of EDB, a government agency under the Ministry of Trade and Industry responsible for enhancing the nation’s position as a global centre for innovation, business, and job opportunities for Singaporeans. Under the SAP Labs investment, tech multinational will be doubling its existing product engineering with the addition of over 500 highly skilled digital professionals locally by 2025. The massive team of SAP professionals will be located at the company’s regional headquarters in Pasir Panjang.
Commenting on the latest SAP venture in Singapore, Jacqueline Poh, Managing Director, EDB, said that having the SAP Labs in the country demonstrates SAP’s confidence in Singapore as a strategic centre for enterprise software product development and innovation. She added:
“SAP Labs Singapore will create exciting job opportunities here in areas such as Artificial Intelligence and Machine Learning that will further deepen the skills of our workforce. We look forward to its continued growth as we work together to enrich our digital ecosystem.”
Deepening Innovation Alliances
SAP Singapore MD Chua stressed that gaining the support of EDB on top of the recently launched Centre for XM Innovation in Asia strengthens the position of the nation not only as a leader in innovation but also a collaborative partner helping customers, partners, and the community achieve success in the digital economy leveraging cloud technology.
“SAP has a deep history in Singapore, and we recognise its status as a regional economic, financial, technology and innovation powerhouse, and its embodiment of a skilled population and a leader in cutting-edge innovation, which has helped propel the nation to the global stage,” said Chua.
“As companies look towards a new era of growth, businesses need to be agile and continually re-invent themselves. In a digital-first future, organisations must rapidly develop an innate ability to innovate – not just to adapt to the changing customer landscape, but to also create new sources of value and competitiveness as they consider broader challenges like sustainability. We aim to empower all organisations to embrace an innovation mindset,” SAP Labs MD Saha stressed.
