February 28, 2024

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Empowering SMEs: Singapore’s GenAI Sandbox Initiative

Singapore is embarking on a groundbreaking initiative to democratise access to artificial intelligence (AI) technologies and drive digital transformation among its small and medium-sized enterprises (SMEs) with the launch of the GenAI Sandbox. Spearheaded by Enterprise Singapore (EnterpriseSG) and the Infocomm Media Development Authority (IMDA), this pioneering platform marks a significant milestone in Singapore’s journey towards becoming a leading AI hub in the region.

Unveiled on Wednesday, 7 February 2024, the GenAI Sandbox represents a concerted effort to empower SMEs with the tools and knowledge needed to harness the transformative power of generative artificial intelligence (GenAI). Positioned as the nation’s first GenAI Sandbox, this initiative underscores Singapore’s commitment to fostering innovation, enhancing productivity, and fostering a resilient digital economy.

At the heart of the GenAI Sandbox lies a curated selection of cutting-edge GenAI solutions tailored to the unique needs and challenges faced by SMEs across various sectors. From retail and F&B to education and hospitality, the Sandbox is designed to cater to the diverse needs of SMEs, offering a comprehensive suite of AI-driven solutions to address critical business objectives.

One of the key objectives of the GenAI Sandbox is to provide SMEs with hands-on experience and practical insights into the potential applications of GenAI in their respective industries. Through a structured trial program, participating SMEs will have the opportunity to test and evaluate GenAI solutions tailored to their specific use cases, gaining invaluable experience and expertise along the way.

The GenAI Sandbox is set to benefit approximately 300 SMEs, offering them access to a wide range of GenAI solutions spanning various categories, including Marketing and Sales and Customer Engagement. These solutions are carefully curated in collaboration with industry experts and technical specialists to ensure relevance, usability, and effectiveness in real-world business scenarios.

In addition to providing access to GenAI solutions, the GenAI Sandbox offers grant support from IMDA to eligible SMEs, enabling them to offset the costs associated with implementing and trialing GenAI technologies. This financial assistance aims to lower the barriers to entry for SMEs, making it easier for them to embark on their GenAI journey and explore the transformative potential of AI in driving business growth and innovation.

Leong Der Yao, Assistant Chief Executive of IMDA’s Sectoral Transformation Group, emphasised the strategic importance of GenAI in driving digital transformation and enhancing Singapore’s competitiveness on the global stage. He highlighted the Sandbox as a vital platform for SMEs to experiment with GenAI technologies, laying the foundation for future innovation and growth.

Similarly, Soh Leng Wan, Assistant Chief Executive Officer of Manufacturing & Engineering at Enterprise Singapore, underscored the collaborative nature of the GenAI Sandbox, highlighting the importance of public-private partnerships in driving AI ecosystem development and supporting SMEs on their digitalisation journey.

As Singapore continues to position itself as a global leader in AI innovation, the GenAI Sandbox represents a significant step forward in democratising access to AI technologies and empowering SMEs to thrive in the digital age. With its comprehensive suite of GenAI solutions and grant support program, the Sandbox promises to unlock new opportunities for SMEs, driving productivity, innovation, and competitiveness in Singapore’s dynamic business landscape.

For SMEs looking to embark on their GenAI journey, the GenAI Sandbox offers a unique opportunity to explore, experiment, and innovate with AI technologies. With registration now open, SMEs are encouraged to seize this opportunity and unlock the transformative potential of GenAI in their businesses.

For more information and registration details, visit the GenAI Sandbox for SMEs.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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