SINGAPORE--(BUSINESS WIRE)--Antuit, a global Big Data solutions company, and A*STAR’s Singapore Institute of Manufacturing Technology (SIMTech) today announced the formation of the Antuit-SIMTech Supply Chain Analytics Lab, a two-year research collaboration to develop analytics-based solutions for emerging supply chain problems. With an investment of US$1.8 million from the two organizations, the Lab will develop new tools and technologies to help companies manage their supply chains more efficiently and enable supply chain leaders to make data-led decisions.
Housed at SIMTech, the Lab will focus on areas such as the application of data sciences in supply chain planning, supply chain risk mitigation, the use of Internet and communication tools to improve supply chain visibility, yield prediction in precision farming and agriculture, and disruption prediction and demand forecasting through the use of big data and social media. It will provide collaborative workspace for research, experimentation and innovation, leveraging Antuit’s analytics services expertise and SIMTech’s capabilities in research and development.
“Technology is a key driver for productivity improvement, catalyzing the development of solutions that provide industry with a competitive edge,” said Dr. Lim Ser Yong, Executive Director of SIMTech. “A*STAR research institutes such as SIMTech are avenues for SMEs to effectively use technology to improve productivity and capture business opportunities.”
By bringing together business practitioners and leading academics to work on real business problems, Antuit and SIMTech have taken a step towards creating long-term business benefits and outcomes that can deliver as much as 5-10 times more benefit than traditional supply chain solutions deliver today.
“The quality and diversity of available data, when coupled with new tools and greater expertise, will fundamentally transform data-led decision making in the next three to five years,” said Arijit Sengupta, founder and CEO of Antuit. “This is particularly true in the supply chain arena where approaches and technologies have not evolved significantly over the last five years. Together with SIMTech, we are investing in R&D to build next-generation methodologies and tools that link supply chain analytics into Big Data. At the same time, we are establishing a platform for Antuit and SIMTech to emerge as innovators in the analytics space.”
The Lab will be managed and supervised by co-directors Orkan Akcan and Dr. Zhang Nengsheng Allan, from Antuit and SIMTech, respectively.
Antuit is an execution-oriented Big Data solutions firm that enables enterprise clients to unlock business value from "big and little data" through a spectrum of data management, visualization, predictive and optimization solutions. Antuit aligns its solutions to each customer's business needs, budget constraints and data context, and offers an Analytics-as-a-Service model which integrates people, products and methodologies seamlessly. Today, Antuit delivers solutions in two core areas: Supply Chain & Operations and Sales & Marketing. Founded in 2013, Antuit has operations in Singapore, New York, Seattle, Auckland and Bangalore. The company is led by a senior team of former management consultants, industry specialists and analytics veterans.
For more information, please visit www.Antuit.com
About the Singapore Institute of Manufacturing Technology
The Singapore Institute of Manufacturing Technology (SIMTech) is a research institute of the Science and Engineering Research Council (SERC) of the Agency for Science, Technology and Research (A*STAR). SIMTech develops high value manufacturing technology and human capital to contribute to the competitiveness of the Singapore industry. It collaborates with multinational and local companies in the precision engineering, electronics, semiconductor, medical technology, aerospace, automotive, marine, logistics and other sectors.
For more information, please visit: www.SIMTech.a-star.edu.sg
About the Agency for Science, Technology and Research
The Agency for Science, Technology and Research (A*STAR) is Singapore's lead public sector agency that fosters world-class scientific research and talent to drive economic growth and transform Singapore into a vibrant knowledge-based and innovation-driven economy.
In line with its mission-oriented mandate, A*STAR spearheads research and development in fields that are essential to growing Singapore’s manufacturing sector and catalyzing new growth industries. A*STAR supports these economic clusters by providing intellectual, human and industrial capital to its partners in industry.
A*STAR oversees 18 biomedical sciences and physical sciences and engineering research entities, located in Biopolis and Fusionopolis, as well as their vicinity. These two R&D hubs house a bustling and diverse community of local and international research scientists and engineers from A*STAR’s research entities as well as a growing number of corporate laboratories.
For more info, please visit www.a-star.edu.sg