WALLDORF, Germany, Oct. 22, 2020 /PRNewswire/ -- SAP SE (NYSE:
SAP) today announced the expansion of its industry cloud solutions
portfolio to serve the needs of three new industries: retail,
professional services and industrial machinery and components
(IM&C). SAP's industry cloud portfolio delivers specialized
applications designed to address specific industry needs.
Built by SAP and our partners on an open platform as a service,
these solutions help customers to rapidly adopt innovations as part
of their IT landscape. "The speed at which companies have to
operate today calls for technology-enabled agility," said
Peter Maier, president, Industries
and Customer Advisory, SAP. "Innovative companies successfully
strike the balance between optimizing their current business
operations and innovating at the 'vertical edge' to discover and
develop new revenue streams. Our industry cloud portfolio delivers
solutions to help drive business transformation profitably and
sustainably, enabling our customers to adapt to changing business
environments in their industries."
Continuing to Grow an Ecosystem for Innovation
Industry cloud solutions are built and run on the open
SAP® Cloud Platform. They use intelligent technologies
such as artificial intelligence and advanced analytics to create
compelling user experiences and to digitalize and automate
operations. SAP and partners focus on solutions for the core
business of our customers in their industries to help optimize
end-to-end processes and to enable the development of new and
differentiating business models. The three new industry cloud
offerings address each industry's unique challenges, such as:
- Retail: Retail brands are facing increased pressure to
invest in innovative business models and new ways of creating value
for their ecosystem, especially as consumers call for
purpose-driven retail and expectations of experience reach new
levels. Industry cloud solutions for the retail industry include,
for example, machine learning algorithms to uncover unspoken needs
and create more relevant, personalized offers. Read more about
application scenarios for retail.
- Professional services: Firms are often seen as the
vanguard of digital transformation for clients, but they are now
experiencing disruption themselves with major trends impacting how
they engage with clients, how they are structured and who they
compete against. Industry cloud solutions for the professional
services industry enable, for example, firms to
deliver services digitally through subscription platforms for
great client and employee experiences. Read more about
application scenarios for professional services.
- Industrial machinery and components: Leading
companies move to delivering tailor-made solutions at scale and as
a service to address global trends that are reshaping the
industrial manufacturing landscape. These trends include
digitalization, ever-more demanding customers, a changing playing
field and globalization and right-shoring. Industry cloud solutions
for the IM&C industry provide, for example, the ability to
interact with customers on a constant basis through multiple
channels, from Web to direct, and include Internet of Things (IoT)
connectivity. Read more about application scenarios for
IM&C.
"SAP's industry cloud provides a way to deliver
industry-specific extensions that complement its intelligent
enterprise strategy. With a robust ecosystem of partners that can
deliver innovative applications with SAP, this endeavor can help
customers be successful in growing markets," Leslie Hand, GVP, IDC Retail and Financial
Insights.
Partnering for Success
SAP partners are a vital component of the industry cloud
initiative. With open APIs, process and data models, as well as a
wealth of cloud native technologies to innovate at the vertical
edge, SAP's industry cloud is attracting partners who are looking
to accelerate solution innovation and development. SAP and partners
are jointly creating "next business practices" for enterprises and
business networks that will help accelerate the pace at which
customers can address shifting business demands. Read what SAP
partners have to say here and access the partner solutions in SAP
App Center.
Customer Success
SAP's customers are embracing the
industry cloud solutions and using these offerings to accelerate
their business transformation. Whether their end-user is a
consumer, an employee or another business, companies are using
technology to deliver experiences that are increasingly
user-oriented as digital interactions gain dominance in personal
and business lives. The industry cloud solutions allow businesses
to help digitally transform and deliver a better experience to the
user. Read what SAP customers have to say.
Learn More
Read "SAP's Industry Cloud – The Next Wave"
by Peter Maier, president,
Industries and Customer Advisory, SAP, and follow SAP Industries on
Twitter at @SAPIndustries.
About SAP
SAP's strategy is to help every business run
as an intelligent enterprise. As a market leader in enterprise
application software, we help companies of all sizes and in all
industries run at their best: 77% of the world's transaction
revenue touches an SAP® system. Our machine learning, Internet of
Things (IoT), and advanced analytics technologies help turn
customers' businesses into intelligent enterprises. SAP helps give
people and organizations deep business insight and fosters
collaboration that helps them stay ahead of their competition. We
simplify technology for companies so they can consume our software
the way they want – without disruption. Our end-to-end suite of
applications and services enables business and public customers
across 25 industries globally to operate profitably, adapt
continuously, and make a difference. With a global network of
customers, partners, employees, and thought leaders, SAP helps the
world run better and improve people's lives. For more information,
visit www.sap.com.
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