SAP announces €2 billion investment plan for IoT

By : |September 29, 2016 0

SAP has announced investment plans of €2 billion over the next five years to help businesses and government organizations benefit from the proliferation and adoption of sensors, smart devices and Big Data that are transforming businesses with the Internet of Things (IoT).

“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 the live business. Only SAP empowers businesses to innovate from the core to the edges to the networks.”

The software company is launching a new product line- SAP IoT, which will combine large amounts of data from things connected to the Internet with machine learning and SAP’s real-time database S/4 HANA.

“It is a big and growing market and we think we can be a significant part of it,” said Tanja Rueckert, SAP’s executive vice president in charge of digital assets and Internet of Things.

“While business and public sector entities have unprecedented access to more information and real-time feeds, they still have difficulty tying it all together,” SAP said.

Along with this, SAP is also introducing Industry 4.0 packages that feature IoT solutions to enable customers’ digital business strategies- jump-start and accelerator packages. Both packages are complemented by the SAP Distributed Manufacturing application for additive manufacturing 3D printing services.

A part of the €2 billion investment plan would also be reserved for targeted acquisitions, typically small bolt-on deals that fit in SAP’s IoT portfolio.

SAP sealed a deal last week to work with German car parts maker Robert Bosch to connect everything from screwdrivers to cars to the Internet, and more deals could follow.

The company also announced it had bought Italy’s PLAT.ONE and Fedem Technology from Norway for an undisclosed amount. Both acquisitions will be integrated into SAP IoT.

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