SAP shapes the future of data-driven business transformation — TradingView News

April 28, 2024

30 5 minutes read

DUBAI, UAE — SAP announces 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, represent 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.

To learn more, please read: Unleashing the Latest SAP Data and Analytics Innovations.

Visit the SAP News Center. Follow SAP on Twitter: @SAPMENA and @SAPNews.

-Ends-

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 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.

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of SAP’s 2022 Annual Report on Form 20-F.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.

For more information, press only:

Husain Al Tamimi, SAP , husain.tamimi@sap.com

Claire McPeak, SAP, c.mcpeak@sap.com

Michelle Oribello, Wallis, sap@wallispr.com

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April 28, 2024

30 5 minutes read