The company wants to help organisations make sense of big data from IoT solutions that apply machine learning
Enterprise application software maker SAP plans to invest €2bn over the next five years to help businesses and government entities benefit from the surge of sensors, smart devices and big data that is transforming business with the Internet of Things (IoT).
The German company wants 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 start-ups in the IoT market, which it estimates to be worth €250bn by 2020.
According to SAP, while business and public sector entities have “unprecedented access” to more information and real-time feeds, they still have difficulty tying it all together across operating locations, business units and functional teams.
SAP IoT aims to make sense of big data from the multitude of things through IoT that apply machine learning and integrate with the core business applications of the SAP S/4HANA data platform.
By connecting people, partners, things and the physical environment, SAP said it is enabling organisations to extend and enrich business processes with real-time, live intelligence so that they can see where opportunities exist, achieve new operational efficiencies, and reimagine business models, products and services to deliver customer and stakeholder value more rapidly.
“With billions of connected devices, we now have the potential to reshape society, the economy and the environment,” said Bill McDermott, CEO of SAP. “SAP HANA is the data platform we knew would unlock the Internet of Things. Today SAP is making another bold investment to help our customers seize the benefits of live business.”
SAP also announced two Industry 4.0 packages incorporating IoT solutions to help further customers’ digital business strategies.
‘Jump-start’ is designed to initiate operational and business system connectivity as a foundation to monitor equipment effectiveness and provide insight into shop floor operations. Meanwhile, the ‘accelerator’ package also offers this functionality, and adds an automated, paperless, manufacturing execution and control environment by supporting manufacturing planning and execution, performance analytics and advanced plant maintenance, said SAP.
Both packages are complemented by its distributed manufacturing application for additive manufacturing 3D printing services. The jump-start and accelerator packages are available immediately.
SAP plans to introduce a third Industry 4.0 solution package at a later date. The so-called “advanced” package is intended to provide advanced manufacturing insight and controls, machine learning functionality and predictive analysis for quality and maintenance operations. In addition, it plans IoT package solutions to address the digital operations of cities, agriculture and energy industries.
SAP also announced its intention to establish locations around the world to collaborate on Industry 4.0 and the IoT with customers, partners and start-ups. SAP IoT labs are intended as lighthouse locations and primary access points for IoT research, development, proof-of-concept modeling and incubation, with IoT showcases, thought leadership, expertise and infrastructure for strategy and product co-innovation.
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