WALLDORF, Germany, March 6,
2024 /PRNewswire/ -- SAP SE (NYSE: SAP) today
announced transformative data innovations that will help customers
harness the full power of their data to drive deeper insights,
faster growth and more efficiency in the era of AI. New
capabilities in the SAP Datasphere solution, including new
generative-AI features, transform enterprise planning through
simplified data landscapes and more-intuitive data interaction.
"Capturing data to make better decisions is an enterprise
technology imperative that's become increasingly critical as AI –
which relies on quality data – revolutionizes every aspect of
business," said Juergen Mueller, SAP
Chief Technology Officer and member of the Executive Board. "Our
newest SAP Datasphere innovations, as well as an expanded
partnership with Collibra, represents a quantum leap in our ability
to help customers drive intelligent business transformations
through data."
At the heart of these announcements is the business data fabric,
an architecture that helps ensure data is not just an asset but
also the core underpinning of strategic initiatives. The
innovations and partnership announced today equip organizations to
deliver meaningful data to data consumers – with business context
and logic intact.
"We have decided to leverage SAP Datasphere for a modern
business data fabric architecture in conjunction with our SAP
S/4HANA landscape. It allows us to effectively establish a modern
data analytics platform that enables a business self service
capability on the basis of trusted data and data models," said
Achim Welter, Senior Director ERP,
Digital & IT Strategy, Hershey's.
Today's SAP Datasphere innovations help customers achieve a
unified data view that simplifies their data landscapes while
retaining context and logic – enabling them to adapt faster to
market changes and make more-efficient decisions. From new copilot
and vector database capabilities that help ensure business context
remains constant in generative AI outputs to a new knowledge graph
that helps uncover insights and patterns in complex data, SAP's
data innovations help ensure customers have the full power of their
data at their fingertips.
Today's key innovations include:
Generative-AI Copilot and AI Governance
SAP's generative-AI assistant, the Joule copilot, is now coming
to the SAP Analytics Cloud solution to automate the creation and
development of reports, dashboards, plans and more. This automation
is enabled by the SAP HANA Cloud vector engine capabilities,
which combine the power of large language models with the relevant
data of your organization – helping ensure business context is a
constant for generative-AI outputs.
Incorporating generative AI across the business isn't possible
without trusted and governed data. To provide organizations with a
solution to govern the policies, processes and practices of AI, SAP
is announcing an expansion of our partnership with Collibra
to integrate Collibra's AI Governance with SAP data assets. This
can help provide transparency and accountability for organizations
and help ensure regulatory, compliance and privacy policies are
met.
Discover Hidden Insights and Patterns with Knowledge
Graph
With the new SAP Datasphere knowledge graph,
organizations can discover hidden insights and patterns across
their applications and systems. This enables both technical and
business users to deeply understand the relationships between data,
metadata and business processes, as well as boost the effectiveness
of machine learning and large language models.
Unified and Advanced Planning and Analytics
The new SAP Datasphere integration with SAP Analytics Cloud
offers a single data management system and advanced analytics to
power cross-organizational planning. Planners can leverage a single
flexible model to break down silos between planning using one tool
for data preparation, modeling and planning.
Additionally, business users can use the new compass
capability in SAP Analytics Cloud to realize better outcomes in
planning and analytics through data-driven simulation. It enables
organizations to run complex simulations using a chat interface to
evaluate predictive outcomes and continually adjust controllable
variables to find the optimal plan.
This supports customers to transform their planning by unifying
financial, operational, supply chain and workforce planning with
native connection to SAP applications and third-party data.
Learn more here.
Visit the SAP News Center. Follow SAP at @SAPNews.
About SAP
SAP's strategy is to help every business run as an intelligent,
sustainable enterprise. As a market leader in enterprise
application software, we help companies of all sizes and in all
industries run at their best: SAP customers generate 87% of total
global commerce. 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 26 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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