Friday, September 30, 2016

SAP Plans to Invest €2 Billion in Internet of Things by 2020

SAP announced investment plans of €2 billion over five years to help business and government entities benefit from the transformation enabled by IoT. The company plans to accelerate innovation in its IoT solution portfolio, increase sales and marketing, scale service, support and co-innovation, and grow its ecosystem of partners and startups.

SAP seeks to make sense of data from IoT devices through IoT solutions that apply machine learning and integrate with core business applications of SAP S/4HANA.

SAP is also introducing so-called Industry 4.0 packages that feature IoT solutions to enable customers’ digital business strategies. An example of the packages is SAP’s “jump-start package” that is designed to initiate operational and business system connectivity to monitor equipment effectiveness and provide insight into shop floor operations.

SAP has also acquired PLAT.ONE, which is an enterprise-grade IoT provider that simplifies the process of creating, deploying, and managing complex IoT solutions. PLAT.ONE will boost multiple capabilities of SAP HANA Cloud Platform, including lifecycle management of IoT devices, device connectivity, edge capabilities, e2e security, and development tools for IoT applications.

SAP recently announced an IoT partnership with Bosch.

Source: SAP IoT Connects the World to Enable Live Business, http://news.sap.com/sap-iot-connects-world-to-enable-live-business/?url_id=banner-us-homepage-row1-iot-live-business-oct16r1

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