Bain & Company will launch an AI innovation hub in Singapore. The hub, supported by the Singapore Economic Development Board (EDB), will serve as a regional center for developing and scaling AI solutions, helping companies move from experimentation to enterprise-wide transformation.
With more than a thousand AI start-ups in Singapore and SG$198.3 billion worth of economic benefits attributable to AI by 2030, the AI innovation hub is well-placed to leverage the growth of the industry in Singapore.
It will focus on developing production-level AI solutions for priority sectors such as advanced manufacturing, energy and natural resources, financial services, healthcare, consumer products and retail.
From predictive maintenance in manufacturing and regulatory support in financial services to personalization in consumer industries, the hub will deliver proofs of concept and minimum viable products for AI solutions.
It will also help companies strengthen their in-house capabilities, from setting up AI centres of excellence to embedding engineering excellence.
“Bain’s new AI innovation hub is an exciting addition to Singapore’s vibrant and growing AI ecosystem. By focusing on AI solutions that can be deployed and scaled in sectors from manufacturing to services, the hub can help more companies, and workers, adopt and benefit from AI,” said Junie Fo, VP for professional services at EDB.
Bain has worked with technology partners on more than 400 AI projects globally.
In the Asia-Pacific region and with an expanding presence in Singapore, Bain is focused on helping Southeast Asia companies turn AI pilots into successful enterprise-wide transformation.
