SAP SE SAP recently announced that it is expanding new solutions on SAP Analytics Cloud Platform to handle business processes along with offering augmented analytics, cloud-computing, machine-learning, enterprise planning workflows and data-analysis services.
The announcement was made at the Gartner Data & Analytics Summit, which was held between Mar 1 and Mar 21, in Orlando, FL. The new offerings will help in creating best-in-class systems, scalable digital platforms and productivity systems.
This move of SAP will augment artificial intelligence (AI) accessibility across companies. This will also aid the companies in application of the meaningful data insights generated structurally to transform business. The clients will also benefit from the new platform’s data security feature.
According to Gerrit Kazmaier, senior vice president, SAP HANA and Analytics. "With SAP Analytics Cloud, our focus is continuous innovation in a unified solution that is intuitive, powerful and designed for the business user."
Notably, powered by augmented analytics, the SAP Cloud Platform enables users to add Internet of Things (IoT), Big Data, Machine Learning, Analytics and artificial intelligence capabilitiesto their business workflow. The solution has been witnessing traction of late.
SAP Cloud Platform is now offering three integrated services based on comprehensive Kubernetes, Knative and Kubeless platform designed for multi-cloud deployments. These services enable customers to deploy and administer applications and clusters across the cloud platforms in real time.
SAP’s new class of solutions that power the next generation of business applications – SAP HANA (High-Performance Analytic Appliance) – has been driving growth since its inception.
Consequently, we are of the opinion that the company’s initiatives in this regard are likely to be extremely beneficial to its top line going forward.
The company is also anticipated to strengthen its foothold in the customer relationship management market against peers including salesforce.com CRM, Oracle ORCL, among others.
Additionally, continued market traction of the SAP S/4HANA platform is proving to be a robust growth driver. During the last reported quarter, S/4HANA adoption surged 33% from the year-ago quarter to 10,500 customers, which includes BlackRock, Kellogg, Microsoft MSFT, Mastercard and Under Armour.
SAP HANA Cloud Platform and its partners have been gaining rapid popularity, assisting clients extend their functionalities, building new applications, and integrating across cloud and on-premise platforms, in turn fueling growth. It has been acting as a catalyst since its introduction. The company constantly upgrades existing products and launches fresh ones to gain customers.
Cloud still remains an expanding market with high growth prospects. In a recent report, Gartner projected the public cloud market to reach $411.4 billion by 2020. According to International Trade Administration, the Chinese cloud market is likely to touch $20 billion mark by 2020 at a CAGR of 40%.
We believe that SAP, with its ongoing initiatives, is well poised to capitalize on potential of the market. In fact, the cloud computing is likely to be one of its major growth drivers in the long run.
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