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Technology / Data

SAP to invest €2 billion in IoT by 2020

SAP has announced that it will invest plans of €2 billion over the next five years, in order to help businesses and governments transform with the Internet of Things.

The German software giant is to accelerate innovation within its IoT solution portfolio, adding to sales and marketing, scale service, support and co-innovation as well as the growth of its ecosystem of partners and start-ups within the IoT market.

One forecast for the Internet of Things market has it as a 250 billion euro market by 2020.

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SAP’s IoT strategy is to go big. It said its IoT aims to enable connected business and connected society with the addressing of both urban and rural areas, infrastructure and energy, health, manufacturing and consumer and transportation industries.

Bill McDermott, CEO of SAP said: “With billions of connected devices, we now have the potential to reshape society, the economy and the environment. SAP HANA is the data platform we knew would unlock the Internet of Things.”

SAP says it will make sense of Big Data with the use of its IoT solutions, it will apply machine learning and also integrate with the core business applications of SAP S/4HANA.

McDermott said: “Today SAP is making another bold investment to help our customers seize the benefits of live business. Only SAP empowers businesses to innovate from the core to the edges to the networks.”

The company has also confirmed it will be introducing Industry 4.0 packages, which feature IoT solutions to enable customers’ digital business strategies. Two packages will be included, the jump-start package and the accelerator package.

Both packages will be complemented by the SAP Distributed Manufacturing application, which is used for the manufacturing of 3D printing services.

SAP plans to release a third package, known as the advanced package, at a later date.
This article is from the CBROnline archive: some formatting and images may not be present.