What is the Index Partners Network? What is Smart Industry Readiness Index? If this sudden flood of terms sound alien to you, don't worry because we'll explain it simply in this post!
In a bid to catalyse the transformation of industrial sectors during the 4th Industrial Revolution today, the Singapore Economic Development Board (EDB) had developed a Smart Industry Readiness Index, launched last year. This index is the world's first Industry 4.0 diagnostic tool to assess the readiness of firms for industrial transformation across three building blocks: process, technology and organisation.
The Smart Industry Readiness Index framework by EDB (Source: Singapore Economic Development Board Whitepaper)
To complement SIREX and help manufacturers plan and execute Industry 4.0 technologies, EDB recently launched the Index Partners Network a few days ago at the Industrial Transformation Asia-Pacific (ITAP) 2018 event, the Asia-Pacific edition of Hannover Messe (a leading trade show for industrial technologies). Along with members like Siemens, SAP and McKinsey, Auk Industries is honoured to be recognised as an official member of the existing 11-member network.
Samuel Tan, CEO of Auk Industries at the launch of the Index Partners Network during Industrial Transformation Asia-Pacific 2018, with DPM Tharman Shanmugaratnam
In a recent press release by EDB, Samuel Tan, CEO of Auk Industries, highlights our excitement, as a member in the Index Partner Network, in building on the foundation for the Industry 4.0 journey. He believes that through our practical end-to-end approach, akin to "Fitbit-for-machines" and "Lean-ops-in-a-box", we will bring Enterprises, regardless of size or complexity, forward to the next level.
Have you assessed your company's readiness for Industry 4.0? If not, do check out (https://www.edb.gov.sg/en/news-and-resources/news/advanced-manufacturing-release.html) and let us know so we can help accelerate your digitalisation journey!