The Aboitiz Group on Thursday launched its new Singapore-based unit called Aboitiz Data Innovation (ADI), which will transform its collected data science and artificial intelligence into tangible outcomes for the conglomerate.
“Embracing data science and AI [artificial intelligence] opens us to new and bigger opportunities to accelerate productivity, drive business value, and generate new revenue streams. At the same time, it is a crucial step in preparing our team members for the future of work by equipping them with the knowledge and skills needed to be highly valued contributors to the fourth industrial revolution,” Sabin M. Aboitiz, the company’s president and CEO, said.
Aboitiz this year introduced data science, AI and machine learning courses to its groupwide learning and development curriculum with the goal of helping its people across all its strategic business units gain a better understanding of how these can move them closer to achieving set goals.
“Aboitiz Data Innovation’s key focus is to create competitive advantages for Aboitiz Group’s various business units through the adoption and application of data science and AI solutions,” David R. Hardoon, ADI managing director, said.
“The team is uniquely placed as we have access to and are already building solutions across the various industries that the group operates in, such as banking and financial services, manufacturing, power generation and distribution among others.”
Through the support of Singapore’s Economic Development Board (EDB), ADI will also deepen the group’s footprint in Southeast Asia by leveraging the diverse network of multinational businesses and organizations located in what is widely considered as the center of innovation in Asia.
“The Aboitiz Group’s decision to site ADI in Singapore is testament to our position as a hub for innovation in Asia, and deepens our talent and innovation linkages with the Philippines,” said Dino Tan, vice president and head (Family Businesses) at EDB.
“ADI will create opportunities for our local talent and research ecosystem to collaborate with Aboitiz in developing innovative solutions that will contribute to the growth of their businesses in the Philippines and across Southeast Asia.”
“By being located in Singapore, we also hope to tap on the local ecosystem and talent, seek out prospective partners, and become a major asset in the data science community,” Hardoon added.
The next phase in ADI’s development is to serve as a single contracting entity for collaborations with local and Singapore-based counterparts and, over the long-term, handle external products and services. For now, the company will take the lead in building the group’s capacity in data science.
Aboitiz said it is optimistic that data science solutions will empower communities towards achieving optimal business outcomes that will drive change for a better world.
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