May 20, 2020

Asia-Pacific leads the way to the cloud

Cloud
APAC
John Young
6 min
Asia-Pacific leads the way to the cloud

In late-1996, the term cloud computing was used for what may have been the first time, in a meeting at Compaq Computing offices, however, nobody can be sure who popularized the term. Regardless, twenty-two years’ later, cloud computing is a widely used technology, which is easily recognized and used across a wide range of sectors, including manufacturing. Here, John Young, sales director at industrial parts supplier EU Automation, explains how the APAC region is leading the way with cloud computing. 

 

Cloud computing, sometimes simply referred to as the cloud, is defined as an on-demand computing resource over the internet on a pay-for-use basis. This is becoming increasingly popular with industrial businesses looking to easily manage and access their data from anywhere in the world.  

 

The Asia-Pacific region has long been a world leader in export manufacturing, particularly in the electronics market. Although manufacturers are typically slow to use new technologies, those in the APAC region have been keen to take advantage of the benefits. Lim May-Ann, executive director for the Asia Cloud Computing Association (ACCA) explains "Use cases are becoming much more established and, with an appropriate regulatory framework in place, we envisage the migration of more business-critical processes and applications to the public cloud to become more prevalent and drive this upward growth trajectory into the coming years." 

 

The quick adoption of cloud computing in the APAC region is also demonstrated by the recent report carried out by Zebra. The report found nearly half of APAC manufacturers will have smart factories by 2022. 

 

Smart maintenance

Smart factories, which combine automation and data exchange using cyber-physical systems, have been increasing in popularity alongside cloud computing. The benefits of the smart factory are wide and varied, ranging from gathering and integrating direct data from sensors using the Industrial Internet of Things (IIoT), to wearable technologies and automated systems. 

 

The data collected from a smart factory can also be fed back into planned predictive maintenance (PPM) schemes and remote monitoring of equipment. Unlike reactive maintenance, which involves waiting for a piece of machinery to break, PPM can be used ahead of time to prevent breakdowns and downtime. 

 

In addition, remote monitoring means plant managers can get in touch with a parts supplier such as EU Automation before a breakdown occurs, drastically reducing the amount of associated downtime. 

 

Specifically, for manufacturers, who are often working on low margin, high volume goods such as automotive parts and electronics, cloud computing can analyze the wealth of data collected from a smart factory, while eliminating any need to purchase expensive licenses for industrial software.

 

It can also allow manufacturers to manage their partners. A ‘community cloud’ can be formed by third-party suppliers, logistics partners, manufacturers and even the client. For the manufacturer, this is an unprecedented opportunity to look at the entire supply chain, gaining insight and improving efficiency.  

 

Manufacturing markets

Capitalizing upon this opportunity, supplying cloud computing for businesses is now its own industry. This new industry has resulted in a 155 per cent increase in cloud-related job growth in Japan between 2012-2015. 

 

Cloud software providers can focus solely on producing cloud-enabled software that meets the specific needs of manufacturers. 

 

Because of this dedicated service, cloud-based platforms and applications typically provide a greater degree of precision, speed and meet customer requirements more specifically, than the old systems often built by the manufacturers themselves. 

 

The Asia Cloud Computing Association (ACCA) acts across the Asia-Pacific region to make cloud computing a reality, partially by ensuring that the needs of manufacturers are met. It provides a platform for debating strategies, sharing ideas and establishing policies, educates the business and consumer communities and encourages the rapid adoption of cloud standards. 

 

The work of the ACCA is crucial to overcoming some of the unique challenges posed in the APAC region, including a significant variation of regulations between countries, highly fragmented markets and the fact that key required technologies such as broadband aren’t yet ubiquitous. 

 

Reluctance

Despite these issues, Japan led the way for the region in the 2018 BSA Global cloud computing scorecard. The scorecard assesses the legal and regulatory framework of 24 countries in areas including data privacy, intellectual property (IP) protection and cybersecurity. This suggests that Japan, and other APAC nations that scored in the top ten such as Australia and Singapore, are in the ideal position to make the most of cloud computing. 

 

A recent IDC Manufacturing Insights survey elaborated on why manufacturers in the area are choosing to take advantage of the benefits. The ease and speed of deployment was the top reason why manufacturers have chosen to adopt cloud computing, while connection speed and cybersecurity continue to be the main barriers. 

 

In addition to concerns about the breach of sensitive data, APAC manufacturers are also anxious about the consequential loss of time and expenditure of resources involved in reproducing the data. 

 

Although the cloud is often perceived as less secure, in reality almost all security breaches are internal, so companies concerned about cybersecurity should focus on staff training and implementing policies on topics such as bring your own device (BYOD). 

 

Despite these concerns, cloud business intelligence (BI) adoption is soaring worldwide, with figures doubling from 2016 to 2018. 

 

Cloud computing is the future of manufacturing, with more businesses worldwide looking to the cloud to make use of the data pouring in from the proliferation of connected sensors throughout the supply chain. The Asia-Pacific region is wholeheartedly embracing the new wave of computing power, leading the way for the rest of the world. 

 

Although there remains much debate about the origin of the term cloud computing, it is becoming increasingly important, not just for consumers but in business, industry and manufacturing sectors, too. 

 

Just one way of using this wealth of data is through feeding it back into maintenance regimes, allowing manufacturers to order spare parts ahead of a breakdown. This is particularly important for the obsolete equipment that is often found in high volume, low margin manufacturing plants. 

 

To find out more about EU Automation’s obsolete parts service with under 24 hour shipping, visit www.euautomation.com.

 

About the Author

With a wealth of experience in sales and customer relations, John Young began working at EU Automation in 2015 where he helped to deliver and develop sales leads for the company in countries such as France, Africa and the Middle East. After his success at EU Automation’s UK office, John took the leap and moved over to Singapore, where he works as the sales director for the Asia-Pacific region.

For further information contact:

EU Automation 

Unit 3, Parker Court, Staffordshire Technology Park, Stafford, ST18 0WP

Telephone: You can find your country’s local number at https://www.euautomation.com/ 

www: http://www.euautomation.com

e-mail: [email protected] 

Twitter: http://twitter.com/euautomation

 

Press enquiries: Chris Brown or Courtney Cowperthwaite

1 St Mary’s Place, St Mary’s Grove, 
Stafford, Staffordshire, ST16 2AR

Telephone: +44 (0) 1785 225416

e-mail: [email protected] or [email protected]

www: www.stonejunction.co.uk  

Blog: www.stone-junction.blogspot.com 

Twitter: https://twitter.com/StoneJunctionPR

Facebook: http://www.facebook.com/technicalPR

LinkedIn: https://www.linkedin.com/company/stone-junction-ltd?

About EU Automation: EU Automation stocks and sells new, used, refurbished and obsolete industrial automation spares. Its global network of preferred partner warehouses, and wholly owned distribution centers, enables it to offer a unique service within the automation industry, spanning the entire globe.  It provides worldwide express delivery on all products meaning it can supply any part, to any destination, at very short notice.

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Jun 13, 2021

Seo JungJin: Who is EY’s World Entrepreneur of 2021?

EY
entrepreneurs
Leadership
celltrion
Kate Birch
3 min
From just US$45,000 capital in 2003 to a world-leading biopharma giant with revenues of US$1.69bn today, Seo JungJin is crowned EY World Entrepreneur 2021

Seo JungJin, founder of biopharma firm Celltrion, which most recently developed an antibody treatment for COVID-19, has been named the EY World Entrepreneur of the Year 2021, becoming the first South Korean in the award’s 21-year history.

Regarded as one of the world’s most prestigious business awards program for entrepreneurs, the EY Entrepreneur of the Year celebrates visionary and innovative leaders from across 60 countries who are transforming the world and fostering growth.

JungJin, who is now honoroary chairman of Celltrion Group, was up against a worthy cast of entrepreneurial competitors, taking the crown from among 45 award winners across 38 countries and territories.

Speaking during the virtual event, JungJin described his own interpretation of entrepreneurship as something that brings together “a group of people toward a common vision, embracing challenges as opportunities and committing oneself to contribute to the greater good”.

Why was JungJin crowned King Entrepreneur?

A South Korean native and now 63 years of age, JungJin founded biopharmaceutical firm Celltrion in 2003. In the nearly two decades since its founding, Celltrion has lived up to its goal of advancing health and welfare for all by developing ground-breaking drugs to treat autoimmune disease, various forms of cancer and, most recently, COVID-19.

The company, which JungJin started with just US$45,000 and five of his colleagues, has since growth to more than 2,1000 employees with sales permits in more than 90 countries and revenues exceeding US$1.69bn.

According to the panel, JungJin’s story is a shining example of the power of an unstoppable entrepreneur to change the world with the pandel moved by both his incredible story and his purpose-driven leadership, innovative mindset and entrepreneurial spirit.

Described by the chair of the EY judging panel Rosaleen Blair as “representing everything an unstoppable should be” from taking on the world’s biggest health care challenges to consistently creating long-term value for his company, JungJin’s story is one of incredible tenacity and perseverance that the judging panel felt most represented the entrepreneurial spirit.

“He’s taken breathtaking risks, both personal and professional, to found Celltrion and grow it into one of the world’s leading biopharmaceutical companies,” says Stasia Mitchell, EY Global Entrepreneurship Leader. “His passion for creating affordable, life-saving health care and flair for tackling global problems has led to many treatments that have helped millions of people worldwide and was especially evident this past year through the creation of a COVID-19 antibody treatment.”

How did JungJin get there?

JungJin's entrepreneurial journey started at an early age when he worked as a taxi driver to get himself through Konkuk University in Seoul, South Korea. After studying industrial engineering, he rose through the ranks of Daewoo Motor Co. before losing his job amid the carmaker’s financial troubles following the 1997 Asian economic crisis.

Following this, JungJin started collaborating with colleagues to explore business opportunities in different industries, though none delivered lasting success. The turning point came after he attended a talk hosted by renowned scholars, which inspired him to focus on the biopharmaceutical sector.

And so he founded Celltrion with just US$45,000 of his savings. The launch of Remsima, credited with being the world's first antibody biosimilar, quickly moved Celltrion up the ranks of the country's fairly underdeveloped pharmaceutical sector. Celltrion followed this success with the launch of drugs for breast cancer and lymphoma that today are being used worldwide.

With ambitions to be the world’s first in different areas, Celltrion has pioneered numerous uncharted areas to great success over the past two decades, most recently responding to the global pandemic by successfully developing an antibody treatment for COVID-19 and working to ensure a timely supply of the safe and effective treatment.

“When I first started, my vision was to help patients gain access to safe, effective and affordable medicines and thereby enhance the quality of people’s lives,” explains JungJin. “The success of Celltrion has enabled me to expand on this while finding new ways to fuel my entrepreneurial drive.”

 

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