SAP AG (SAP) and the Chinese government are planning a strategic cooperation to develop intelligent transportation system that will manage the traffic in China’s expanding urban areas in the coming years.
SAP and the Chinese High-Way Group intend to form collaboration for research on integrated solutions for transportation communications and the development of intelligent traffic management systems. The Chinese High-Way Group plans to leverage SAP’s advanced software solutions for big data powered by the SAP HANA platform, cloud computing and mobile computing.
SAP HANA platform is a combination of powerful in-memory software and leading SAP partner hardware that can help query multiple types of data sources at a pace and volume never done earlier. This software not only enables smarter decisions for businesses but also gives real-time insights. In addition, the clients can accelerate key business processes reporting with fast and accurate analysis through this software.
An over €500 million investment annually into the intelligent transportation systems seems to be critical for sustainable economic growth and the long-term socioeconomic development in China. The amount of transportation data generated through the current means of transportation in China is remarkable. However, the existing IT environment is not developed enough to generate predictive and advanced data analysis.
Hence, with the implementation of SAP HANA Platform, which has the capability to manage the analysis of large volume of data, the Chinese government is confident that it can proactively manage different traffic and transportation scenarios to provide better services to China's citizens and urban planning.
Apart from this, SAP also plans to directly collaborate with the China Ministry of Transport (MoT) to bring together a comprehensive domain expertise for traffic, logistics and transportation of the MoT as well as cutting-edge research and technology for intelligent transportation.
SAP currently has a Zacks Rank #1 (Strong Buy). Other stocks operating in the same industry and worth reckoning at the moment are Aspen Technology Inc. (AZPN), Pegasystems Inc. (PEGA) and Scientific Learning Corp. (SCIL), all having a Zacks Rank #1 (Strong Buy).
More From Zacks.com