WingArc1st's business alliance with Stemly selected in IMDA's Open Innovation Platform Call 11

TOKYO & SINGAPORE, July 28th, 2022 -- WingArc1st Inc., through its subsidiary in Singapore (WingArc Singapore), and Stemly, a SaaS startup providing a decision intelligence platform for data driven and timely decision making in supply chain and financial processes, are pleased to announce that their business alliance matched by the Infocomm Media Development Authority (IMDA)'s Open Innovation Platform (OIP) in Singapore. In this partnership, seamless connectivity between Stemly's decision intelligence platform, and WingArc's BI dashboard (MotionBoard) and data analysis platform (Dr.Sum) will be developed.

Stemly has created a state-of-the-art decision intelligence platform, that delivers AI/ML powered autonomous forecasting and optimization to help enterprises make better and faster interconnected decisions in supply chain and finance, while integrating sustainability into strategy and planning.

Stemly was selected as a "Problem Solver" in the Data Empowerment Solution category of the Open Innovation Platform Call 11, sponsored by Infocomm Media Development Authority (IMDA) in Singapore. WingArc1st participated as a "Problem Owner" to extend its highly differentiated data visualization solution and database technology to the ASEAN market, by partnering with existing technology solutions in the region. As the winner of the program, Stemly has gained access to the IMDA's technology resources and facilities for prototyping.

The Open Innovation Platform (OIP) by the Infocomm Media Development Authority is Singapore's national platform for digital innovation. OIP provides corporates with business challenges with a structured, high-touch support to define their problem statement, crowdsource innovative solutions from a network of over 11,000 tech solution providers, and evaluates their proposals to ensure an impactful outcome.

Since 2018, OIP has facilitated over 300 challenges worth more than $8.5M in prize monies covering sectors such as financial services, healthcare and manufacturing. It has covered tech domains such as AI, the Internet of Things, and AR/VR.

(*1) ITR Market View: DBMS/BI Market 2021, Data analysis/reporting market: Sales and market share trends of vendors

Quotes

・ Shuhei Yamamoto, Managing Director, WingArc Singapore

"We are very excited to collaborate with Stemly and bring our data visualization, database technology and highly differentiated solution to the ASEAN market. Stemly is an innovator in supply chain and finance planning, and we are confident that our partnership, including our technology contribution, will enable both companies to grow together in the ASEAN market."

・Sanjay Saini, co-founder and CEO, Stemly

"We are thrilled to be partnering with WingArc1st to offer our customers with their data visualization and database technology. Seamless integration between WingArc's solution and our decision intelligence platform will allow us to deliver greater value to joint customers such as in consumer goods and retail, and to extend our autonomous forecasting and optimization capabilities to WingArc's customers."

・Ng Kaijie, Director, Infocomm Media Development Authority (IMDA)

"The Open Innovation Platform (OIP) is Singapore's national platform for digital innovation. It plays a key role in helping corporates digitalise by matching their needs for innovative digital solutions with start-ups. We are encouraged that leading international companies, such as WingArc1st, have successfully used OIP to crowdsource innovative solutions tailored to one of the fastest growing regions that is Southeast Asia. We look forward to deepening our collaboration with WingArc1st and contributing to their growth in Singapore and the region."

WingArc1st will continue to contribute to the growth of the ASEAN market by playing a part in the "Business Hub" in Singapore through collaboration with Singaporean government agencies and startups.

■ Stemly Pte Ltd.

Stemly's decision intelligence platform delivers AI/ML powered autonomous forecasting and optimization, empowering enterprises to make better and faster interconnected decisions in supply chain and finance, while integrating sustainability into strategy and planning. We specialize in supporting executives with on-time, data-driven decisions to deliver clear business outcomes by improving predictions and optimal allocation of resources.
https://www.stemly.ai/

■ WingArc1st Inc.

WingArc1st Inc. develops solutions that hold the largest share*1 of the Japanese market in the data-empowerment fields of form solutions and business intelligence. We have positioned the expansion of our overseas business as one of our growth strategies and have strengthened our business in the ASEAN region by opening a subsidiary in Shanghai, China in 2009, a subsidiary in Singapore in 2014, and a subsidiary in Melbourne, Australia in 2017. https://www.wingarc.com/en/index.html

■ Infocomm Media Development Authority

The Infocomm Media Development Authority (IMDA) leads Singapore's digital transformation by developing a vibrant digital economy and an inclusive digital society. As Architects of Singapore's Digital Future, we foster growth in Infocomm Technology and Media sectors in concert with progressive regulations, harnessing frontier technologies, and developing local talent and digital infrastructure ecosystems to establish Singapore as a digital metropolis.