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SAP shares reached a record high; restructures 8000 jobs and lures customers with Cloud ERP migration discounts.

Forrester IT

Existing SAP ECC customer or recent on-prem SAP S/4HANA customer? Take advantage of the new RISE migration discounts in 2024.

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SAP unveils tools to help enterprises build their own gen AI apps

CIO Business Intelligence

SAP has unveiled new tools to build AI into business applications across its software platform, including new development tools, database functionality, AI services, and enhancements to its Business Technology Platform, BTP. SAP is training its model on anonymized data from thousands of enterprises using its software, with their consent.

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SAP and Nvidia expand partnership to aid customers with gen AI

CIO Business Intelligence

SAP and Nvidia announced an expanded partnership today with an eye to deliver the accelerated computing that customers need in order to adopt large language models (LLMs) and generative AI at scale. Herzig notes that SAP has a large ecosystem of partners and various LLM providers, with new LLMs popping up seemingly every day. “We

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SAP names Philipp Herzig as chief artificial intelligence officer

CIO Business Intelligence

SAP is reorganizing its AI activities. Herzig now reports directly to CEO Christian Klein, and will oversee the entire value chain for SAP business AI from research and product development through to implementation at the customer. Herzig’s team will work closely with other innovators within SAP. percent of the total workforce.

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SAP user group: S/4HANA usage is growing, but still in the minority

CIO Business Intelligence

The German-speaking user group for enterprise software giant SAP says that customers’ willingness to invest in the company’s S/4HANA cloud product is rising, but still lags behind flagship ERP products like ECC 6, and some customers see the need for more discussion on SAP’s prolonged move to the cloud.

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SAP 2024 outlook: 5 predictions for customers

CIO Business Intelligence

SAP customers have a lot to navigate in 2024. Here are five predictions about what will play out for SAP customers as the year goes on, along with follow-on effects and questions SAP customers will have to address in their wake.

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SAP announces $2.2B restructuring program that’ll impact 8,000 jobs

CIO Business Intelligence

German tech major SAP has announced a 2 billion euro ($2.17 In 2024, SAP will further increase its focus on key strategic growth areas, in particular Business AI. Analysts believe the restructuring will help SAP find the right balance between experience and skills to grow in AI. billion Euros ($9.2 billion Euros ($2.72

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