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Business Times
5 days ago
- Business
- Business Times
RTX launches new Collins Aerospace facility with flexible manufacturing system in Singapore
[SINGAPORE] Defence conglomerate RTX launched its new Collins Aerospace facility at Seletar Aerospace Park in Singapore on Tuesday (Jul 15). This marks the beginning of construction at the aerospace park, part of RTX's US$250 million investment to expand its advanced manufacturing and maintenance, repair and overhaul (MRO) capabilities in Singapore. The event was officiated by Deputy Prime Minister (DPM) Gan Kim Yong, who joined Paolo Dal Cin, senior vice-president of RTX's operations and supply chain, and representatives from the Singapore Economic Development Board (EDB) to mark the start of construction on the future site. The current plant of Collins Aerospace in Bedok is the sole manufacturing site for complex gears used in a wide array of modern commercial aircraft platforms, where its major customers are key airframers such as Airbus, Boeing, Bombardier, Embraer and Gulfstream. New flexible manufacturing system (FMS) workflow As part of this venture, its new facility will adopt an entirely new workflow based on a FMS. This means that a new manufacturing engineering team of 60 persons in the new facility with deep manufacturing process expertise in FMS and Industry 4.0 technologies will be set up. It will be the first of such teams in Collins Aerospaces' global network. A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up The move will reportedly double its manufacturing volumes by 2033, and introduce high-value component assembly work to Singapore, said DPM Gan in his speech at the groundbreaking ceremony of the new manufacturing facility on Tuesday. In addition, the company will also upskill its existing workers at its Bedok plant, so that they will be prepared for the shift to the new facility. The launch of this new facility follows the recent agreement between RTX and EDB on Jun 18, which outlines a 10-year roadmap to strengthen Singapore's aerospace ecosystem. It focuses on digitalisation, efficiency, workforce development, and expanding high-value capabilities, with this new facility playing a key role in bringing that shared vision to life. Collins Aerospaces was one of the first aerospace companies to establish a presence in Singapore more than 50 years ago. Substantial gains in aerospace segment in May: EDB According to data from Singapore's EDB, the aerospace segment expanded by 43.6 per cent in May, as it was bolstered by higher production of aircraft parts and more MRO jobs from commercial airlines. This is up from 9.5 per cent year on year in April, and 30.9 per cent year on year in March. Transport engineering output on a whole rose 25.6 per cent year on year in May. As for the marine and offshore engineering segment, it increased by 5.3 per cent in May, on account of higher levels of activities in the shipyards. The land segment, however, declined 12 per cent. The transport engineering cluster cumulatively grew 18 per cent for the period January to May this year, compared to the same period a year ago. In 2024, Singapore's aerospace industry achieved an output valued at over S$18 billion, which represents a growth of more than 15 per cent year on year. 'Amidst the rise of technologies such as artificial intelligence and machine learning as well as automation and robotics, we want to keep Singapore competitive as a hub for advanced manufacturing,' DPM Gan said. 'We do not set out to compete on cost alone; instead, we differentiate ourselves through our emphasis on quality, innovation, reliability and long-term value,' he added.
FF News
11-07-2025
- Business
- FF News
Accenture and Microsoft Expand GenAI Cybersecurity Solutions
According to Accenture's State of Cyber Resilience 2025 report, the majority (90%) of organizations are not ready to protect against AI-augmented cyber threats. By combining Accenture's cybersecurity services, AI transformation expertise and industry experience with Microsoft's advanced security technologies, the companies are helping organizations protect against advanced threats through innovative cybersecurity offerings across four key areas. These include security operation center (SOC) modernization, automated data and AI security, security-centric cyber migration and consolidation, and enhanced identity and access management (IAM). 'Global cyber threats, now leveraging AI, are intensifying in speed, sophistication and scale. By adopting automation and gen AI solutions, organizations can reimagine their SecOps and outpace rising adversarial cyber threats,' said Paolo Dal Cin, global lead, Accenture Security. 'The combined power of Accenture and Microsoft will help clients future-proof against potential cyber threats, keep critical data secure and enhance business resilience. This expanded relationship signals to the industry that we can be stronger together.' The partnership combines Accenture's cyber skills with Microsoft's Security Copilot to make defences that can grow and learn across all industries. Accenture and Microsoft successfully completed a project with Nationwide Building Society (Nationwide), the world's largest building society with over 17 million customers in the UK, to build on its cybersecurity operations. Through a large-scale migration to Microsoft Sentinel, Nationwide achieved a streamlined, unified security infrastructure that accelerates cyber threat detection. Nationwide benefited from a gen AI security information and event management capability, co-developed by Accenture and Microsoft, that accelerated the migration of hundreds of terabytes of data. David Boda, chief security & resilience officer at Nationwide, said, 'In a dynamic and complex threat environment, it's important that we continue to build on our existing cybersecurity operations to stay ahead of the game. Accenture's support in our migration to Microsoft Sentinel has been invaluable to set us up for success. The use of generative AI to enable the migration allowed us to deliver the change more efficiently, in turn freeing up capacity for wider improvement activities.' The solutions Accenture and Microsoft are investing in co-developing include: SOC Modernization – Leveraging Microsoft Sentinel, Microsoft Defender and Accenture's Adaptive MxDR for Microsoft, this solution enhances threat visibility and strengthens response capabilities across hybrid environments. By integrating AI-driven tools like Microsoft Security Copilot, analysts can investigate threats faster, cut through alert noise and focus on what matters—reducing risk and improving SOC efficiency among security teams' limited staff and other resources. With the right combination of automation and intelligent tooling, organizations can boost SOC efficiency by up to 30% [1] , according to recent assessments. Leveraging Microsoft Sentinel, Microsoft Defender and this solution enhances threat visibility and strengthens response capabilities across hybrid environments. By integrating AI-driven tools like Microsoft Security Copilot, analysts can investigate threats faster, cut through alert noise and focus on what matters—reducing risk and improving SOC efficiency among security teams' limited staff and other resources. With the right combination of automation and intelligent tooling, organizations can boost SOC efficiency by up to 30% , according to recent assessments. Automated Data Protection and AI Security – Using Microsoft Purview and Accenture's data security framework, this solution automatically classifies and protects sensitive data across Microsoft 365—including SharePoint, Teams and Exchange. It supports regulatory compliance, reduces the risk of data exposure in generative AI use cases and enables secure collaboration at scale—critical in today's hybrid, AI-powered workplace. Using Microsoft Purview and Accenture's data security framework, this solution automatically classifies and protects sensitive data across Microsoft 365—including SharePoint, Teams and Exchange. It supports regulatory compliance, reduces the risk of data exposure in generative AI use cases and enables secure collaboration at scale—critical in today's hybrid, AI-powered workplace. Security-Centric Migration and Consolidation – Leveraging Microsoft's security suite, M365 E5 Security and integrated with Accenture's E5 Acceleration Playbook , this solution accelerates migration to modern platforms while streamlining operations and simplifying toolsets. By consolidating legacy security solutions and optimizing licensing, organizations can achieve between 35% to 50% cost savings , reduce vendor complexity and unlock the full value of Microsoft E5 [2] . Leveraging Microsoft's security suite, M365 E5 Security and integrated with , this solution accelerates migration to modern platforms while streamlining operations and simplifying toolsets. By consolidating legacy security solutions and optimizing licensing, organizations can achieve , reduce vendor complexity and unlock the full value of Microsoft E5 . Enhanced IAM – Powered by Microsoft Entra Suite, Accenture's enhanced IAM solutions accelerate the transformation of outdated Active Directory environments while augmenting workforce access management, enterprise identity governance and administration, and passwordless authentication. The result is better user experience, stronger security protection and simplified identity governance at scale, helping organizations achieve between 30% to 50% cost efficiencies through reduced infrastructure, licensing consolidation and helpdesk overhead[2]. 'We're proud to be shaping the future of cybersecurity alongside Accenture, combining their deep industry insights with the breadth and strength of Microsoft's security platform,' said Vasu Jakkal, corporate vice president of Microsoft Security. 'In today's fast-moving cyber threat landscape, organizations need solutions that simplify complexity and deliver end-to-end protection across on-premises and cloud environments. Security is a team sport–and together–Microsoft and Accenture are empowering customers with AI-driven, comprehensive solutions that help them stay ahead of evolving threats and unlock new levels of resilience.' Learn more about Accenture and Microsoft or find out more about the Nationwide project in this video here. With the Accenture Microsoft GenAI Cybersecurity expansion, both companies want to change the way businesses protect themselves from cyber threats by using smart, AI-enhanced protection.
Business Wire
10-07-2025
- Business
- Business Wire
Accenture and Microsoft Expand Collaboration on Gen-AI Powered Cyber Solutions
NEW YORK--(BUSINESS WIRE)--Accenture (NYSE: ACN) and Microsoft Corporation (NASDAQ: MSFT) are co-investing in the development of advanced generative AI-driven cyber solutions to help organizations mitigate threats and consolidate technology tools while optimizing operational costs. According to Accenture's State of Cyber Resilience 2025 report, the majority (90%) of organizations are not ready to protect against AI-augmented cyber threats. By combining Accenture's cybersecurity services, AI transformation expertise and industry experience with Microsoft's advanced security technologies, the companies are helping organizations protect against advanced threats through innovative cybersecurity offerings across four key areas. These include security operation center (SOC) modernization, automated data and AI security, security-centric cyber migration and consolidation, and enhanced identity and access management (IAM). 'Global cyber threats, now leveraging AI, are intensifying in speed, sophistication and scale. By adopting automation and gen AI solutions, organizations can reimagine their SecOps and outpace rising adversarial cyber threats,' said Paolo Dal Cin, global lead, Accenture Security. 'The combined power of Accenture and Microsoft will help clients future-proof against potential cyber threats, keep critical data secure and enhance business resilience. This expanded relationship signals to the industry that we can be stronger together.' Accenture and Microsoft successfully completed a project with Nationwide Building Society (Nationwide), the world's largest building society with over 17 million customers in the UK, to build on its cybersecurity operations. Through a large-scale migration to Microsoft Sentinel, Nationwide achieved a streamlined, unified security infrastructure that accelerates cyber threat detection. Nationwide benefited from a gen AI security information and event management capability, co-developed by Accenture and Microsoft, that accelerated the migration of hundreds of terabytes of data. David Boda, chief security & resilience officer at Nationwide, said, 'In a dynamic and complex threat environment, it's important that we continue to build on our existing cybersecurity operations to stay ahead of the game. Accenture's support in our migration to Microsoft Sentinel has been invaluable to set us up for success. The use of generative AI to enable the migration allowed us to deliver the change more efficiently, in turn freeing up capacity for wider improvement activities.' The solutions Accenture and Microsoft are investing in co-developing include: SOC Modernization – Leveraging Microsoft Sentinel, Microsoft Defender and Accenture's Adaptive MxDR for Microsoft, this solution enhances threat visibility and strengthens response capabilities across hybrid environments. By integrating AI-driven tools like Microsoft Security Copilot, analysts can investigate threats faster, cut through alert noise and focus on what matters—reducing risk and improving SOC efficiency among security teams' limited staff and other resources. With the right combination of automation and intelligent tooling, organizations can boost SOC efficiency by up to 30% [1], according to recent assessments. Automated Data Protection and AI Security – Using Microsoft Purview and Accenture's data security framework, this solution automatically classifies and protects sensitive data across Microsoft 365—including SharePoint, Teams and Exchange. It supports regulatory compliance, reduces the risk of data exposure in generative AI use cases and enables secure collaboration at scale—critical in today's hybrid, AI-powered workplace. Security-Centric Migration and Consolidation – Leveraging Microsoft's security suite, M365 E5 Security and integrated with Accenture's E5 Acceleration Playbook, this solution accelerates migration to modern platforms while streamlining operations and simplifying toolsets. By consolidating legacy security solutions and optimizing licensing, organizations can achieve between 35% to 50% cost savings, reduce vendor complexity and unlock the full value of Microsoft E5 [2]. Enhanced IAM – Powered by Microsoft Entra Suite, Accenture's enhanced IAM solutions accelerate the transformation of outdated Active Directory environments while augmenting workforce access management, enterprise identity governance and administration, and passwordless authentication. The result is better user experience, stronger security protection and simplified identity governance at scale, helping organizations achieve between 30% to 50% cost efficiencies through reduced infrastructure, licensing consolidation and helpdesk overhead [2]. 'We're proud to be shaping the future of cybersecurity alongside Accenture, combining their deep industry insights with the breadth and strength of Microsoft's security platform,' said Vasu Jakkal, corporate vice president of Microsoft Security. 'In today's fast-moving cyber threat landscape, organizations need solutions that simplify complexity and deliver end-to-end protection across on-premises and cloud environments. Security is a team sport–and together–Microsoft and Accenture are empowering customers with AI-driven, comprehensive solutions that help them stay ahead of evolving threats and unlock new levels of resilience.' Learn more about Accenture and Microsoft or find out more about the Nationwide project in this video here. For more information on Nationwide, please visit About Accenture Accenture is a leading global professional services company that helps the world's leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 791,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world's leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. Our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at Accenture Security is a leading provider of end-to-end cybersecurity services, including strategy, protection, resilience and industry-specific cyber services. We bring security innovation, coupled with global scale and a worldwide delivery capability through our network of Cyber Fusion Centers. Helped by our team of 27,000 highly skilled professionals, we enable clients to innovate safely, build cyber resilience and grow with confidence. Visit us at About Microsoft Microsoft (Nasdaq 'MSFT' @microsoft) creates platforms and tools powered by AI to deliver innovative solutions that meet the evolving needs of our customers. The technology company is committed to making AI available broadly and doing so responsibly, with a mission to empower every person and every organization on the planet to achieve more. Forward-Looking Statements Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as 'may,' 'will,' 'should,' 'likely,' 'anticipates,' 'aspires,' 'expects,' 'intends,' 'plans,' 'projects,' 'believes,' 'estimates,' 'positioned,' 'outlook,' 'goal,' 'target' and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance nor promises that goals or targets will be met, and involve a number of risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed or implied. These risks include, without limitation, that the use of AI could harm our business, damage our reputation or give rise to legal or regulatory action, as well as the risks, uncertainties and other factors discussed under the 'Risk Factors' heading in Accenture plc's most recent Annual Report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture's expectations. Copyright © 2025 Accenture. All rights reserved. Accenture and its logo are registered trademarks of Accenture.
Business Wire
26-06-2025
- Business
- Business Wire
Only One in 10 Organizations Globally Are Ready to Protect Against AI-Augmented Cyber Threats
NEW YORK--(BUSINESS WIRE)--As artificial intelligence (AI) radically reshapes business, a vast majority of organizations (90%) are not adequately prepared to secure their AI-driven future, according to a new report from Accenture (NYSE: ACN). Globally, nearly two-thirds (63%) of companies are in the 'Exposed Zone,' indicating they lack both a cohesive cybersecurity strategy and necessary technical capabilities. Accenture's 'State of Cybersecurity Resilience 2025' report is based on a survey of 2,286 cybersecurity and technology executives from large organizations around the globe. It reveals that the rapid AI adoption has dramatically accelerated the speed, scale and sophistication of cyber threats, far outpacing current enterprise cyber defenses. For example, more than three-quarters (77%) of organizations lack the essential data and AI security practices needed to protect critical business models, data pipelines and cloud infrastructure. "Rising geopolitical tensions, economic volatility and increasingly complex operational environments, coupled with AI-augmented attacks, are leaving organizations more vulnerable to cyber risks. This report serves as a wake-up call that cybersecurity can no longer be an afterthought. It must be embedded by design into every AI-driven initiative,' said Paolo Dal Cin, global lead, Accenture Security. 'Taking this proactive approach will help ensure a competitive edge, strengthen customer loyalty and turn cybersecurity into a business enabler.' Despite the rapid growth of AI enterprise adoption, only 22% of organizations have implemented clear policies and training for gen AI use. Furthermore, very few maintain a comprehensive inventory of AI systems, which is crucial for managing supply chain risks. Additionally, data protection remains inadequate, with only 25% of organizations fully leveraging encryption methods and access controls to protect sensitive information. "The rapid advancement of gen AI represents a profound paradigm shift in cybersecurity, bringing unique challenges and opportunities. By designing AI systems with security at their core and continuously monitoring and updating them, organizations can stay ahead of the most critical threats,' said Daniel Kendzior, global Data and AI Security Lead at Accenture. 'Business resilience requires readiness to quickly response to disruptive forces and confidence in your organization's ability to act effectively.' The research also reveals widespread cybersecurity immaturity across regions, highlighting a critical gap between ambition and readiness. Only 14% of North American and 11% of European organizations have mature postures. In Latin America, 77% lack basic strategies and capabilities, while 71% of Asia-Pacific organizations remain in the 'Exposed Zone,' facing serious operational and financial risk. The research identifies three distinct security maturity zones based on an organization's cybersecurity strategy and technical capabilities. The top group—which Accenture calls the 'Reinvention Ready Zone' comprising only 10% of organizations—have an adaptive resilient security posture that continuously evolves to counter emerging threats. The middle 27% in the 'Progressing Zone' show strength but struggle with defining strategic direction or implementing defenses. The most at-risk group, in the 'Exposed Zone,' makes up 63% of organizations characterized by limited cyber readiness and a reactive posture to threats. These conditions are exacerbated by today's complex AI environment and global risk factors. Reinvention Ready companies, however, are 69% less likely to face advanced attacks and are 1.5 times more effective at blocking them. They also have 1.3 times greater visibility across IT and OT environments, have reduced technical debt by 8% and see a 15% boost in customer trust, demonstrating how stronger cybersecurity practices drive both resilience and business value. Four critical actions necessary to reach the "Reinvention Ready Zone" are: Develop and deploy a fit-for-purpose security governance framework and operating model accounting for the realities of an AI-disrupted world to establish clear accountability and align AI security with regulatory and business objectives. Design a digital core to be generative AI secure from the outset by embedding security into AI development, deployment and operational processes. Maintain resilient AI systems with secure foundations that proactively address emerging threats, enhance detection capabilities, enable AI-model testing and improve response mechanisms. Reinvent cybersecurity with gen AI by leveraging it to automate security processes, strengthen cyber defenses and detect threats sooner. You can explore the State of Cybersecurity Resilience 2025 report in Accenture Foresight, Accenture's thought leadership app, which provides a personalized feed of all our latest reports, case studies, blogs, interactive data charts, podcasts and more. Download the app at Methodology Accenture Researched surveyed 2,286 executives—comprised of 80% chief information security officers and 20% chief information officers—from large organizations (revenues of >US$1 billion) in 24 industries across 17 countries in North and South America, Europe, Asia-Pacific, the Middle East and Africa. The survey was conducted online from end of October to December 2024. For more information on the methodology, including the development of the Security Posture Maturity and defining Security Zones, read the full report here. About Accenture Accenture is a leading global professional services company that helps the world's leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 791,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world's leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. Our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at Accenture Security Accenture Security is a leading provider of end-to-end cybersecurity services, including strategy, protection, resilience and industry-specific cyber services. We bring security innovation, coupled with global scale and a worldwide delivery capability through our network of Cyber Fusion Centers. Helped by our team of 27,000 highly skilled professionals, we enable clients to innovate safely, build cyber resilience and grow with confidence. Visit us at
Straits Times
18-06-2025
- Business
- Straits Times
Aerospace company RTX to make more investments in S'pore under new pact with EDB
The agreement outlines a road map lasting 10 years for further long-term strategic collaboration in Singapore. PHOTO: PRATT & WHITNEY Aerospace company RTX to make more investments in S'pore under new pact with EDB SINGAPORE - Global aerospace company RTX will be looking to make more investments in Singapore under a new pact signed with the Economic Development Board (EDB), the firm said on June 18. The agreement outlines a road map lasting 10 years for further long-term strategic collaboration in the Republic. 'This agreement reaffirms RTX's longstanding commitment to Singapore and its role as a key hub for RTX's global operations, particularly in aerospace maintenance, repair and overhaul, advanced manufacturing and innovation,' RTX said in a statement. It added that the agreement also sets the stage for investments and collaborations across areas such as advanced manufacturing; maintenance, repair and overhaul activities; artificial intelligence and innovation; talent and skills development; and foundational technologies for next-generation platforms. EDB executive vice-president Cindy Koh said: 'Singapore's longstanding partnership with RTX, a globally leading aerospace company, bears testament to our standing as Asia's leading aerospace hub. 'We are heartened to see RTX's growth in Singapore to capture aerospace and aviation growth opportunities in the Asia-Pacific region.' She added: 'We are excited to witness the build-out of new capabilities in advanced manufacturing and innovation in the coming years, which will bring significant value to the ecosystem.' Mr Paolo Dal Cin, senior vice-president for RTX's operations and supply chain, said the agreement also builds on the company's decades-long partnership with Singapore. 'It represents our shared vision for building a strong future focused on technology, advanced manufacturing and talent development in the Asia-Pacific region,' he said. RTX, which is headquartered in Virginia, has more than 185,000 global employees and racked up over US$80 billion (S$102 billion) in sales in 2024. Singapore is its third-largest commercial footprint outside the United States, which RTX said is a result of strong support from the Singapore Government and its strategic location near major markets in the region. The Republic also serves as RTX's commercial aviation operational hub in the Asia-Pacific, which RTX notes is the fastest-growing region in the aviation industry. RTX has been in Singapore for over 50 years, with more than 4,300 employees across 12 factories here currently. The company added: 'RTX continuously invests in strategic partnerships to design, develop and produce innovative solutions that support the growing defence and commercial aviation customer base in Asia-Pacific.' Its businesses include Collins Aerospace, Pratt & Whitney and Raytheon, through which it works to advance aviation, engineer integrated defence systems and develop next-generation technology solutions and manufacturing for global customers. Sue-Ann Tan is a business correspondent at The Straits Times covering capital markets and sustainable finance. Join ST's Telegram channel and get the latest breaking news delivered to you.
