SAP to Deliver Deepest and Broadest Industry Cloud Solutions
SAP AG (NYSE: SAP), an enterprise application software service provider with the market cap of $90.44 billion, breaks new ground with their announcement of industry cloud solutions plans. These solutions are projected to run on SAP Cloud powered by SAP HANA through SAP HANA Enterprise Cloud. Customers nowadays use it to run this fully managed subscription based cloud service to run vital SAP applications and manage vast data on one real-time business platform. To develop prescriptive, industry-based cloud road maps, SAP has created a dedicated Industry Cloud organization led by Simon Paris.
“Working in industries with highly specialized challenges, we will focus on our customers’ most relevant business problems and then work creatively and collaboratively to develop industry cloud solutions. With SAP’s proven integration, consistency and coherency across all lines of business, mobile, analytics and technology, we are primed to deliver the deepest and broadest industry cloud solutions in the world, offering tremendous value to our significant customer base,” says Simon Paris.
The Germany headquartered SAP founded in 1972, empowers people and organizations to work together and operate profitably, adapt continuously, and grow sustainably. With the industry cloud solutions SAP envisages to co-innovate with customers, partners and third-party developers to solve industry challenges in cloud and to thrive across the 25 industries SAP serves. With SAP ecosystem’s industry expertise, they anticipate to offer customers specialized, next-generation business processes and intuitive interfaces that can be easily and quickly deployed across a public, private or hybrid cloud infrastructure.
SAP’s industry cloud model is already standing tall in numerous industries. In chemical industry SAP’s “chemical-company-in-a-box” solution offers pre-configured ERP in cloud. In corporate banking, the SAP Financial Services Network simplifies transactions between corporations and financial institutions. In healthcare, SAP HANA acts as a co-innovation platform and offers value-based services like personalized medicine and population health management. In higher education & research industry, SAP has undertaken multiple design thinking session with universities worldwide to develop a next-generation cloud-based student information system (SIS). SAP for Professional Services solutions link the bid management sales process directly with project execution. SAP has become a Code for America Brigade sponsor in 2014 for social services. In retail industry, SAP has launched the SAP Customer Activity Repository application, a retail data repository powered by the SAP HANA platform that serves as an underlying foundation for all operations.
In sports SAP’s event ticketing software helps in athletic event planning and SAP scouting solution helps in player management. The Société de transport de Montréal (STM) for the travel and transportation industry was recognized as an innovation leader with the Constellation Research SuperNova Award for redefining the passenger travel experience. In Industrial Machinery and Components vertical, SAP is working with leading manufacturers to build solutions based on SAP HANA Cloud Platform for predictive maintenance and service in a co-innovation approach. With this type of solution, companies are envisioned to be able to significantly improve their service model and ultimately move toward a usage-based business model with their customers.
“We intend to shake things up for ourselves and the market by asking a new generation of customers to help us solve their next-generation business problems. They can imagine forward-looking industry-specific use cases better than any team of in-house software developers. Industry IT leaders are going to embrace a partnership that brings together their needs with the deep industry expertise of SAP to co-innovate elegant, simple solutions for the cloud,” says Christoph Behrendt, Senior Vice President, Application Innovation & Head of Suite & Industry Platform Unit, SAP.