SAP announces €2bn IoT investment plans
Picture credit: SAP
Enterprise software giant SAP has announced plans to invest €2 billion (£1.54bn) over five years to support businesses and government bodies with the Internet of Things (IoT), as well as accelerate innovation in its portfolio.
SAP is aiming to provide IoT solutions to help organisations to implement machine learning and integrate with the core business applications of SAP S/4HANA. The company is looking to enable connected business and connected society, addressing urban and rural areas and spanning agribusiness, infrastructure and energy, health, defense, manufacturing, consumer and transportation industries.
The company aims to introduce Industry 4.0 packages featuring IoT solutions to enable customers’ digital business strategies.
“With billions of connected devices, we now have the potential to reshape society, the economy and the environment,” said Bill McDermott, CEO of SAP in a statement. “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 live business,” he added.
SAP has also acquired Italy-based PLAT.ONE, an enterprise-grade IoT provider that simplifies the process of creating, deploying and managing complex IoT solutions, and Norway-based Fedem Technology that specialises in advanced engineering analysis and building software for multibody dynamic simulation and lifetime calculation of structures and mechanical systems under the influence of complex loads.
PLAT.ONE provides expertise and technology to accelerate the availability of key IoT capabilities in SAP HANA Cloud Platform, such as advanced lifecycle management for IoT devices, broad device connectivity, strong IoT edge capabilities that work seamlessly with a cloud back end, end-to-end role-based security and rapid development tools for IoT applications. And by acquiring Fedem, SAP is planning to build an end-to-end IoT solution in which a digital avatar continuously represents the state of operating assets through feeds from sensors, replacing the need for physical inspection with a “digital inspection.”
Interested in hearing industry leaders discuss subjects like this and sharing their IoT use-cases? Attend the IoT Tech Expo World Series events with upcoming shows in Silicon Valley, London and Amsterdam to learn more.
- » Balena raises $14.4m in series B funding to help bring the edge to developers
- » What role will cellular connectivity play in the future of IoT and M2M connections?
- » Consumers are still not confident in self-driving and electric cars
- » Artificial intelligence and driverless cars: Does it lead to an ethical trade-off?
- » Wayve joins Britain's most-funded driverless car startups