The Singapore Economic Development Board has published findings from its first Smart Industry Readiness Index (SIRI) Manufacturing Transformation Insights Report 2019, highlighting manufacturers in the semiconductor and pharmaceutical industries as frontrunners in their adoption of Industry 4.0 in Singapore.
Based on data collected from 200 manufacturers across 12 major industries in Singapore who have undergone the SIRI Assessment, the SIRI Manufacturing Transformation Insights Report analyses how much industries have progressed in their 4.0 transformation journey. These findings allow manufacturers to benchmark themselves against peers within their own industries and with the broader manufacturing sector.
“For the first time, we are able to obtain a snapshot of the current state of industrial transformation across multiple manufacturing industries, well supported by real-world, industry-based data. With this information, manufacturers, governments, technology providers and stakeholders driving industrial transformation will have the necessary knowledge to develop the appropriate interventions and catalyse the transformation of the manufacturing sector,” said Chng Kai Fong, Managing Director, EDB.
Key observations in semiconductor and pharmaceutical manufacturers
Manufacturers within the semiconductors and pharmaceuticals industries are the most progressive and holistic in their transformation, scoring well across all 16 dimensions measured in the SIRI Assessment. They demonstrated improvements in key capabilities such as processes, technology adoption and change management, thus ensuring a uniform acceptance and adoption of Industry 4.0 in their organisations.
Within pharmaceuticals, it was noted that industry platforms such as the Biopharmaceutical Manufacturers’ Advisory Committee (BMAC) are strong catalysts driving transformation in the sector. Leveraging SIRI as a common framework, BMAC companies banded together to consolidate their SIRI 2 scores, identify common problem statements and prioritised areas they could work on collectively. This not only enabled the group to gain deeper insights into industry challenges, but also facilitated discussions with vendors to develop meaningful solutions that would benefit all BMAC members. Advancing connectivity to intelligence.
The report also revealed that manufacturers advanced in their transformation ensured a higher level of interconnectedness across their physical assets and software systems, allowing the real-time exchange of data. However, the report recommended that manufacturers in Singapore take the next step to implement not only connected, but intelligent systems. This will allow them to more effectively process and analyse the data generated from connected systems for actionable insights, such as predicting equipment failures and adjusting production in real-time to meet demand.
The SIRI Manufacturing Transformation Report 2019 analyses data from 200 funded SIRI Assessments of Singapore-based manufacturing facilities from 12 manufacturing industries, conducted between March 2018 and August 2019. These facilities belong to companies from 14 countries across Europe, North America and Asia Pacific, ranging from small, family-owned enterprises to large, multinational corporations. EDB commenced the development of the report in July 2019 and validated the report’s findings with key industry leaders like SAP, Siemen, McKinsey & Company and TÜV SÜD.