(Summary) SAP to Introduce 30 AI Scenarios… Planning to Develop 100 Solutions,
Scott Russell, SAP Chief Revenue Officer (CRO), giving a speech at ‘SAP Now Korea’ held at Grand Intercontinental Seoul Parnas on the 9th./Photo provided by SAP Korea,
, “For companies using on-premises ERP, it takes a long time to adopt innovative functions. There is no longer time to wait 5-7 years for an upgrade.”,
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, “Scott Russell, SAP CRO, emphasized the efficiency of cloud ERP (Enterprise Resource Planning) at the annual event ‘SAP Now Korea’ press conference held at Grand Intercontinental Seoul Parnas in Gangnam-gu, Seoul on the 9th.”,
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, “In 2021, SAP launched ‘Rise with SAP,’ a cloud ERP, and declared a shift to the cloud from its previous focus on on-premises products. Currently, about 43% of SAP’s Korean customers such as Samsung C&T, LX Semicon, and Chang Shin have adopted Rise with SAP, and companies like BMW, Vodafone, and Nestle have adopted it overseas.”,
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, ‘According to SAP, Korean customers who chose cloud ERP experienced more than double the revenue growth compared to on-premises customers. The cash conversion cycle accelerated by 42%, and inventory levels decreased by 10%. Companies that updated to cloud ERP for the latest features and solutions instead of going through the typical 5-7 year cycle for the next ERP upgrade achieved better results.’,
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, ‘SAP pointed out AI capabilities as the differentiator of cloud ERP. The AI chatbot “Joule” provided across the cloud app product range is a prime example. Russell, CRO, said, “80% of transactions that users perform can now be handled by Joule this year,” and mentioned that Joule-related scenarios will continue to be introduced until early next year. SAP plans to develop over 100 new solutions following the introduction of 30 AI scenarios recently, with hints about the bidirectional integration of Joule and Microsoft 365.’,
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, ‘SAP also announced its support for customers to develop their own AI use cases by including major Large Language Models (LLMs) such as GPT, Gemini, Aleph Alpha, and Mistral AI as generative AI hubs. Madhur Mayank Sharma, Head of SAP Asia AI Product Engineering, stated, “Customers no longer need to seek separate hyper-scalers or integrate custom solutions as SAP already has collaborative relationships with many hyper-scalers.” ‘,
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, ‘Additionally, SAP expressed confidence in its higher prices. Russell, CRO, said, “Businesses do not only consider costs but also think about providing greater value through business apps.” Regarding security, he added, “We support access control and authentication mechanisms for users to access sensitive data such as financial and HR data only with AI models and embedded data encryption algorithms at the app level for security measures.”‘,
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, ‘In his keynote speech that day, Russell said, “AI investments in the Asia-Pacific region are expected to reach $28 billion over the next five years,” and stated that “Korean companies will play a significant role in the era of AI transformation at the center of change.” He added, “All solutions will be equipped with generative AI and machine learning,” and emphasized that “choosing SAP as a partner means investing in AI.”‘, ‘article_split’,
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