Technology and innovation efforts are driven both at the Group and business unit (BU) levels.
Keppel Technology & Innovation (KTI), which was established in 2018, serves as the Group’s platform to sharpen its focus on innovation, provide technology foresight in a rapidly evolving environment, and identify long gestation opportunities in collaboration with BUs. BUs also have dedicated innovation teams that, working in collaboration with KTI, identify, scope and pursue ideas and projects within their respective segments, such as Keppel Infrastructure’s Keppel Energy Transition Centre (KETC) or Keppel Land’s Innovation Agile Team (IAT).
Beyond in-house capabilities, the Group also has a Keppel Technology Advisory Panel, comprising eminent business leaders and industry experts from across the world, which guides the Group’s innovation journey and provides technology foresight.
With effect from 1 March 2022, Keppel has appointed a Chief Digital Officer (CDO), and also established a Group Digital Office – a newly created department to drive digital transformation, as well as a Digital Transformation Steering Committee, which will be chaired by the CDO.
TECHNOLOGY & INNOVATION MANAGEMENT
Keppel looks at technology and innovation across three lenses: business segments, time horizon and key technologies.
Energy & Environment: We are collaborating with upstream, midstream and downstream partners to develop decarbonisation solutions and new energy systems. We are leveraging Keppel’s energy systems engineering expertise to develop new infrastructure, power systems and carbon capture technologies.
Urban Development: We are focusing on smart, sustainable buildings and cities, new services to enhance the live-work-play experience, as well as innovative climateresilient nearshore urban developments, which can help to mitigate the impact of climate change and rising sea levels.
Connectivity: We are focused on delivering new generations of energy-efficient and green data centres, including energy-efficient floating data centre parks, to meet the global IT demand sustainably. We are also rolling out M1’s 5G Standalone network and developing the world’s first subsea cable system that directly connects Singapore to the west coast of North America via Indonesia.
Asset Management: We are building the digital foundation to connect our assets around the world, enabling more streamlined operations and optimised decision making.
We are exploring opportunities across three time horizons:
Engine 1: Current businesses
Our focus is on driving efficiencies and continued expansion through digitalisation and advanced analytics, to reduce cost, deepen customer engagement and centricity and accelerate growth.
Engine 2: Existing or new businesses that we are scaling up
We seek to unlock applications for new and disruptive technologies through an ecosystem approach involving in-house as well as external expertise from industry, research centres and academia.
Engine 3: Longer term opportunities
These are high-potential opportunities which we are exploring for the long term, but with limited impact expected within the next three years.
Digitalisation & Automation: We are driving digitalisation across the Group to streamline operations and create new products and services for our customers. These solutions can be applied across Keppel’s different facilities.
Advanced Analytics: We are investing to build an integrated digital backbone across the Group, aimed at better leveraging the abundant data that our businesses continuously generate, with the objective to enhance our operations and decision making, as well as build new platforms such as a B2C ecosystem.
New Energy Systems: Amidst the energy transition, we are researching and developing the technologies required to enable new energy value chains. Hydrogen is expected to be a critical energy vector and we are exploring solutions for multiple carrier forms. We are also building new energy systems and creating new business models such as Energy-as-a-Service to meet our customers’ needs.
Smart Engineering: We are building on our engineering capabilities and collaborating with partners on the newest design, engineering and manufacturing technologies. We aim to increase energy efficiency, reduce time to market, cost to build and operate, and the environmental footprint of our projects.
5G & IoT: With the world seeing a multitude of applications of 5G and IoT applied to smart buildings and cities, autonomous vehicles, advanced robotics etc., we continue to build connectivity, IoT, analytics, cloud and edge computing solutions to meet future demands.