Chng Kai Fong, Managing Director, EDB
"While interest in Industry 4.0 has caught on, many companies are now experiencing a 'pilot trap' where transformation activities may be underway but have yet to scale beyond proofs of concept to yield meaningful bottom-line benefits. The collaboration will enable us to establish a neutral, open and qualified Industry 4.0 ecosystem which will facilitate the transformation of companies' processes, technologies and organisation globally and at scale."
About the Singapore Economic Development Board (EDB)
The Singapore Economic Development Board (EDB), a government agency under the Ministry of Trade and Industry, is responsible for strategies that enhance Singapore's position as a global centre for business, innovation, and talent. We undertake investment promotion and industry development, and work with international businesses, both foreign and local, by providing information, connection to partners and access to government incentives for their investments. Our mission is to create sustainable economic growth, with vibrant business and good job opportunities for Singapore.
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About McKinsey & Company
McKinsey & Company is a global management consulting firm, deeply committed to helping institutions in the private, public and social sectors achieve lasting success. For over eight decades, our primary objective has been to serve as our clients' most trusted external advisor. With consultants in more than 100 offices in 60 countries, across industries and functions, we bring unparalleled expertise to clients anywhere in the world. We work closely with teams at all levels of an organization to shape winning strategies, mobilize for change, build capabilities and drive successful execution.
Christoph Schmitz, Senior Partner and Global Leader for Manufacturing & Supply Chain, McKinsey & Company
"Our global survey shows most manufacturing companies consider digital manufacturing a priority and see themselves ahead of the game. We are encouraged that a clear majority have also embarked on their Industry 4.0 journey by piloting digital solutions. However, for most companies, advancing beyond the pilot stage to broader rollout within the organization is still a big challenge, and this platform has been designed with this challenge in mind. Through this powerful collaboration, we are excited to provide a holistic Industry 4.0 ecosystem that will help our clients win the Digital Manufacturing race."
About McKinsey’s Digital Capability Centers (DCC)
McKinsey’s Digital Capability Centers (DCC) are a global network of Industry 4.0-focused capability centers to drive digital transformation of companies around the world. Offering services from experiential learning and capability-building to piloting new technologies, the DCCs support companies at every stage of their digital transformation journey. The DCC network includes facilities in Aachen (Germany), Beijing, Chicago, Singapore and Venice (Italy). Each center has been founded in partnership with a leading industry consortium, government organization, or research institution.
Deepak Krishnamurthy, Executive Vice President, Chief Strategy Officer, SAP SE
"This collaboration aims to create an intelligent, networked, data-driven model to help manufacturers realize their Industry 4.0 vision. SAP is proud to be part of this collaboration and is committed to helping our industrial customers identify digital transformation opportunities from the factory floor to the board room. We strongly believe that enhancing the Smart Industry Readiness Index will help businesses enhance productivity by leveraging Industrial IoT and Digital Supply Chain solutions."
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 404,000 business and public sector customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit
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Klaus Helmrich, Member of the Management Board of Siemens AG
"Digitalization and Industry 4.0 initiatives take center stage in many manufacturing firms today. Regardless of company size, the digital transformation reshapes every business aspect and also brings along exciting developments, new opportunities and new business models. To achieve this, collaboration is the catalyst of success. Within the framework of this collaboration Siemens provides a holistic portfolio for the digital transformation of the discrete and process industries. This includes consulting for manufacturers, supporting them in implementing advanced engineering, manufacturing and IoT solutions."
About Siemens AG
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. The company is active around the globe, focusing on the areas of electrification, automation and digitalization. One of the largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of efficient power generation and power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. With its publicly listed subsidiary Siemens Healthineers AG, the company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2018, which ended on September 30, 2018, Siemens generated revenue of €83.0 billion and net income of €6.1 billion. At the end of September 2018, the company had around 379,000 employees worldwide. Further information is available on the Internet at
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Prof Dr-Ing Axel Stepken, Chairman of the Board of Management, TÜV SÜD AG
"Being part of this Network allows us to collaborate closely with the Index partners, leveraging on the evolving ecosystem to most effectively help companies start, scale and sustain their Industry 4.0 transformation from initiation and solutioning to operation. Having developed the Smart Industry Readiness Index together with EDB, and currently rolling it out globally, this engagement synergises with the implementation and operation phase of our manufacturing clients to scale Industry 4.0 solutions. We believe that this ecosystem has the potential to become best practice with an impact on a global scale."
About TÜV SÜD AG
TÜV SÜD is a trusted partner of choice for safety, security and sustainability solutions. It specialises in testing, certification, auditing and advisory services. Since 1866, the company has remained committed to its purpose of enabling progress by protecting people, the environment and assets from technology-related risks. Through more than 24,000 employees across over 1,000 locations, it adds value to customers and partners by enabling market access and managing risks. TÜV SÜD is on the forefront of the fourth industrial revolution. The Industry 4.0 services comprise consultancy, maturity assessments and roadmapping, training, as well as testing and certification of digital twins and connected industrial systems. TÜV SÜD’s experts ensure that smart solutions are safe, secure and reliable. By anticipating technological developments and facilitating change, TÜV SÜD inspires trust in a physical and digital world to create a safer and more sustainable future.
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