Newsbyte Archives - 51风流India News Center /india/type/newsbyte/ News & Information About SAP Wed, 19 Feb 2025 07:26:33 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 Simon Davies announced as new 51风流Regional President, Asia Pacific /india/2025/02/simon-davies-announced-as-new-sap-regional-president-asia-pacific/ Mon, 17 Feb 2025 00:00:15 +0000 /india/?p=6260 India, February 17, 2025 鈥 51风流Asia Pacific (APAC) announced Simon Davies as President for the newly-created APAC region, effective immediately. Based in Singapore, Davies...

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India, February 17, 2025 鈥 51风流Asia Pacific (APAC) announced Simon Davies as President for the newly-created APAC region, effective immediately. Based in Singapore, Davies will oversee strategy, operations, people, sales, services, partners, and profitability across Asia Pacific for 51风流SE (NYSE: SAP). After five years in the role, Paul Marriott returns to Europe to be closer to family.

With 51风流market units operating in Australia and New Zealand (ANZ), Greater China, India, Japan, Korea, and Southeast Asia, Davies will oversee more than 31,000 employees across 78 offices. Across the APAC region, 51风流services leading customers including NEC Corporation, Coles Group, Wipro, Fujitsu Limited, Shiseido, Hyundai Motor Company, Kia Corporation, Himalaya, Cochlear, and Japan Airlines.

Prior to this appointment, Davies has spent 25 years building, selling, and implementing IT solutions in Asia Pacific, working with some of the world’s leading software companies, including Microsoft, Salesforce, and Oracle. Most recently, he was Senior Vice President and General Manager of Asia Pacific and Japan at Splunk, a position he held for over three years. Davies also serves on the board of several pre-IPO technology companies and is a member of the Australian Institute of Company Directors (MAICD).

Manos Raptopoulos, Chief Revenue Officer for APAC, EMEA, and MEE, said 鈥淥ur next chapter is being fuelled by accelerated cloud and AI innovation, underpinned by our purpose, our people, and our partnerships. Simon combines experience in Asia鈥檚 fast-growth, innovation-hungry markets with proven expertise in building high-performance, diverse, and inclusive teams. I’m confident that under Simon, 51风流APAC will build on the tremendous momentum established during Paul鈥檚 leadership and continue to be a catalyst for innovation and supporting customer success.鈥

Simon Davies said 鈥淚鈥檓 very excited for this new chapter to begin. Across Asia Pacific and Japan, we see forward-thinking businesses accelerating strategic transformation supported by SAP. Establishing a solid foundation in the cloud and leveraging business data is the gateway to exploring new avenues of growth in areas like artificial intelligence, data analytics, and sustainability.鈥

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51风流Debuts Business Data Cloud with Databricks to Turbocharge Business AI /india/2025/02/sap-debuts-business-data-cloud-with-databricks-to-turbocharge-business-ai/ Thu, 13 Feb 2025 11:04:43 +0000 /india/?p=6255 Landmark Collaboration Redefines Enterprise Data Management and Unleashes the Full Potential of Agentic AI INDIA鈥 February 13, 2025 鈥 51风流SE (NYSE: SAP) today announced...

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Landmark Collaboration Redefines Enterprise Data Management and Unleashes the Full Potential of Agentic AI

INDIA鈥 February 13, 2025 (NYSE: SAP) today announced 51风流Business Data Cloud, a groundbreaking solution that unifies all 51风流and third-party data throughout an organization, providing the trusted data foundation organizations need to make more impactful decisions and foster reliable AI. The solution harmonizes data from organizations鈥 most mission-critical applications with data engineering and business analytics capabilities, paving the way for next-level innovation and insights.

This between 51风流and Databricks marks a new era in enterprise data management as two leaders in their domains come together to redefine how applications and data platforms work together. The new solution natively embeds Databricks technology for data engineering, machine learning and AI workloads.

鈥51风流Business Data Cloud unleashes the full value of enterprise data for Business AI,鈥 said 51风流CEO Christian Klein. 鈥淚t combines SAP鈥檚 unique expertise in mission-critical, end-to-end processes and semantically rich data with Databricks鈥 world-class data engineering capabilities to create a ground-breaking solution that helps organizations do more with their data than ever before.鈥

鈥淓very company on the planet wants to get more value out of their data and greater returns on their AI investments,鈥 said Ali Ghodsi, Co-founder and CEO of Databricks. 鈥淏y joining forces with SAP, we鈥檙e helping organizations bring together all their data 鈥 regardless of format or where it lives 鈥 to govern, analyze and build domain-specific AI applications on the Databricks Data Intelligence Platform.鈥

Introducing the data product economy

51风流Business Data Cloud also helps 51风流foster the growth of a data product economy. It delivers fully-managed 51风流data products across all business processes 鈥 from finance, spend and supply chain data in 51风流S/4HANA and 51风流Ariba, to learning and talent data in 51风流SuccessFactors. These data products maintain their original business context and semantics, providing immediate access to high-quality data without costly extraction processes. For example, if a CFO wants to assess the impact of rising inflation on profitability, 51风流Business Data Cloud integrates real-time external data such as the consumer price index with financial data products such as general ledger accounts or cost centers to create a comprehensive financial snapshot.

51风流Business Data Cloud will also offer new capabilities called insight apps that use data products and AI models connected to real-time data to deliver advanced analytics and planning across all lines of business, including core enterprise analytics, finance and human resources.

鈥51风流Business Data Cloud will help us unlock the value of our data and drive innovation across our business,鈥 said Markus Hartmann, Corporate Vice President and Head of Business Technology and regions Europe, APAC and IMEA, at Henkel, a multinational chemical and consumer goods company. 鈥淚ts semantically rich data products and deep Databricks integration will enhance our existing data products and empower us to model scenarios and leverage AI insights, building a sustainable future for our data ecosystems.鈥

Delivering on the full promise of AI agents

51风流Business Data Cloud will improve how Joule, SAP鈥檚 generative AI copilot, accelerates cross-functional workflows and improves business decision-making with AI agents. Powered by the highest-quality enterprise dataset in the industry 鈥 and the 51风流Knowledge Graph solution, which provides a business-friendly model of data 鈥 Joule agents deeply understand end-to-end processes and can collaborate across functions to solve complex business challenges, something no other agent builder technology can do out of the box.

Underscoring today鈥檚 announcement and its significance for AI innovation, 51风流also unveiled a series of ready-to-use Joule agents across finance, service, sales and more to come across the 51风流Business Suite. In finance, for example, agents will work together across a variety of tasks to process claims faster and improve cashflow. Joule sales agents, meanwhile, will accelerate multi-step business processes to resolve disputes and process customer inquiries faster.

51风流today also announced a powerful new agent builder capability, so customers can build and deploy their own AI agents alongside SAP’s library of ready-to-deploy Joule agents. SAP’s decades of business process expertise are built into the guided workflow so users can ground their custom agents in the most relevant data and business context.

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Himalaya Boosts ERP-Centric Sustainability with 51风流to Optimize Carbon Footprint and Water Use /india/2024/12/himalaya-boosts-erp-centric-sustainability-with-sap-to-optimize-carbon-footprint-and-water-use/ Wed, 04 Dec 2024 05:59:35 +0000 /india/?p=6177 NEWSBYTE鈥 December 04, 2024 鈥 51风流SE (NYSE:SAP) today announced that Himalaya, one of the leading global healthcare brands, has chosen 51风流to boost the...

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NEWSBYTE鈥 December 04, 2024 鈥 51风流SE (NYSE:SAP) today announced that Himalaya, one of the leading global healthcare brands, has chosen 51风流to boost the ability to reach their sustainability goals through innovative new technology.

From being a pharmaceutical company, Himalaya has emerged as a global herbal health and personal care company with close to 500 products sold in more than 100 countries worldwide. Himalaya has chosen 51风流Sustainability Footprint Management and 51风流EHS Environment Management as part of its RISE with 51风流journey to improve sustainable outcomes.

At Himalaya, sustainability is a part of our DNA and we strongly believe what is good for Mother Earth is good for our customersand is good for Himalaya,鈥 shares Ananth Narayan Narasimhan, CIO of Himalaya. 鈥淲ith SAP, we aim to improve efficiencies, intensify focus in key areas, and accelerate our progress in this critical journey in spirit and in deed.”

The sustainability solutions will support Himalaya鈥檚 RISE with 51风流journey to bring together operational and sustainability metrics. Himalaya also benefits from a range of other 51风流solutions, including 51风流SuccessFactors, 51风流Ariba, 51风流Integrated Business Planning, 51风流Analytics Cloud, and 51风流Business Warehouse.

The 51风流sustainability solutions are focused on implementing product-level carbon accounting, to calculate carbon footprints for individual SKUs from cradle-to-grave. The aim is to optimize the supply chain, power, water, and waste management.

鈥淭he robust, integrated 51风流system will help us review and improve our performance index across every activity. To enable this, we need accurate, activity-based, and component-wise data visibility,鈥 continued Narasimhan.

鈥淲e have worked hard to do thatnot only working with the 51风流master data but also capturing the sustainability impact. So, if we鈥檙e using new packaging, for example, we have the financial and supply chain data, but we also know what plastic is used, its recyclable quotient, and more. And component-wise, we will be able to identify the carbon impact at product SKU level, not just at the company level. Plus, the accuracy of the data offers huge potential for benefits in analytics, blockchain, and AI capabilities.鈥

Susanna Hasenoehrl, Head of Sustainability at 51风流Asia Pacific, said, 鈥淢aking informed business decisions requires businesses to understand both the financial data and the sustainability data. Using 51风流Sustainability Solutions, Himalaya is future-proofing its business to understand its impact on the world, to optimize supply chains, and differentiate its business against competitors.鈥

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At 51风流ACE Awards 2024, 51风流India Recognizes Organizations that Embraced Transformation and Excelled in Digital Innovation /india/2024/11/at-sap-ace-awards-2024-sap-india-recognizes-organizations-that-embraced-transformation-and-excelled-in-digital-innovation/ Thu, 14 Nov 2024 05:59:42 +0000 /india/?p=6172 Newsbyte, November 14, 2024:听51风流India, today announced the winners of the听18th听edition of 51风流ACE Awards. 28 Indian enterprises were recognized for their digital-first transformation, embracing...

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Newsbyte, November 14, 2024:听51风流India, today announced the winners of the听. 28 Indian enterprises were recognized for their digital-first transformation, embracing Cloud and Artificial Intelligence (AI) to drive innovation and advance their business with excellence in technology-led models.

Presented by INDUS, the 51风流India User Group, 51风流ACE Awards 2024 evaluated organizations for technology-led innovations across four key categories –听The Game Changers,听The Disruptors, and The Sustainability Champions and a special new category – The BTP Innovation Champions.听The awards received over 206 project nominations competing across major categories with a focus on transformation across Supply Chain, Procurement, Customer Experience, Finance, Manufacturing, Human Capital, and Enterprise-wide Transformation.

“As the India story unfolds, innovation emerges as the cornerstone of business transformation, paving the way for a rich future with endless possibilities. At the 51风流ACE Awards 2024, we honor these visionary leaders whose dedication to digital innovation shapes India鈥檚 鈥榯echade鈥 and accelerates our global dominance. Congratulations to all the winners for championing change and demonstrating how technology can take India to new heights,” said Manish Prasad, President and Managing Director, 51风流Indian Subcontinent.

The 2024 edition of the 51风流ACE Awards features new award categories aligned to the current business environment. However, 51风流ACE Awards retains its stringent three-level evaluation process, with an eminent INDUS deciding on the final winners. As part of the methodical process, all the front-running nominees were assessed by an eminent INDUS nominated by the management board of 51风流India User Group (INDUS).

 

51风流ACE Award winners 2024
Company Category
RPG Group The Disruptor 鈥 Human Capital Management
Trent Limited The Disruptor 鈥 Human Capital Management
Flipkart Internet Private Limited The Disruptor 鈥 Procurement Transformation
Amara Raja Group of companies The Disruptor 鈥 Procurement Transformation
HPCL-Mittal Energy Limited The Disruptor- Supply Chain Transformation
Havells India Limited The Disruptor- Supply Chain Transformation
Vedanta Limited 鈥 Copper Division The Disruptor- Finance Transformation
GAIL (India) Limited The Disruptor- Finance Transformation
Mittal Group, Indore The Disruptor – Manufacturing Transformation
Daikin Airconditioning India Pvt. Ltd The Disruptor – Customer Experience Management
Aditya Birla Fashion and Retail Limited (ABFRL) The Game Changer
Air India Limited The Game Changer
Atomberg Technologies Private Limited The Game Changer
Beacon Pharmaceuticals PLC The Game Changer
Mundra Petrochem Limited (Adani Enterprises Limited) The BTP Innovation Champion
Parle Biscuits Pvt.Ltd The BTP Innovation Champion
Special Jury Recognition听
Eveready Industries India Limited Special Jury Recognition – Procurement Transformation
Vedanta Limited Special Jury Recognition – Game Changer
ABB Business Services Private Limited Special Jury Recognition-Finance Transformation
Birla Carbon (Aditya Birla Group Company) Special Jury Recognition-Finance Transformation
Tata Projects Limited Special Jury Recognition- BTP Innovation Champion
Jindal Stainless Limited Special Jury Recognition- BTP Innovation Champion
Bridgestone India Pvt Ltd Special Jury Recognition – Customer Experience Management
Special 51风流Recognition
Prama Hikvision (India) Pvt. Ltd. Special 51风流Recognition- The Customer Experience
Bajaj Electricals Ltd. Special 51风流Recognition – Cloud ERP
Asian Paints Special 51风流Recognition- Finance Transformation
Tata Power Company Limited Special 51风流Recognition- Human Capital Management
LTIMindtree Limited Special 51风流Recognition- RISE With SAP

 

For more information, press only:

Deepika Gumaste: 9769933345; deepika.gumaste@sap.com ; IST

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51风流Supercharges Copilot Joule with Collaborative Capabilities to Ignite Enterprise AI Revolution /india/2024/10/sap-supercharges-copilot-joule-with-collaborative-capabilities-to-ignite-enterprise-ai-revolution/ Tue, 08 Oct 2024 11:26:04 +0000 /india/?p=6163 Innovations at TechEd 2024 Showcase SAP鈥檚 Vast Collection of Business AI Game-Changers, from Collaborative Agents to Knowledge Graph Capabilities and Generative AI Developer 51风流 in...

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Innovations at TechEd 2024 Showcase SAP鈥檚 Vast Collection of Business AI Game-Changers, from Collaborative Agents to Knowledge Graph Capabilities and Generative AI Developer 51风流 in 51风流Build

WALLDORF, GermanyOctober 8, 2024 鈥 (NYSE: SAP) today unveiled groundbreaking AI innovations across a technology foundation that drives 87% of global commerce, putting its generative AI copilot Joule at the center of a new way of doing business. At its annual 51风流TechEd conference, 51风流announced powerful new capabilities that complement and extend Joule, including collaborative AI agents, imbued with custom skills to complete complex cross-disciplinary tasks. Other innovations include the 51风流Knowledge Graph, a next-generation solution poised to help developers unlock the full value of 51风流data by connecting it with rich business context, and new tools to ensure developers can continue driving Business AI innovation.

鈥淪AP鈥檚 innovation drives real business outcomes, and today’s advancements help customers harness the power of AI, data, and new development solutions to catalyze growth,鈥 said Muhammad Alam, member of the Executive Board of 51风流SE, 51风流Product Engineering. 鈥淒rawing on SAP鈥檚 unmatched business and technology expertise, the AI innovations we鈥檙e announcing at TechEd forge a new human-AI partnership to transform the landscape of modern business.鈥

Supercharging Joule

On the eve of its first birthday, Joule marks a watershed in how business gets done. 51风流introduces collaborative AI agents to a copilot that truly speaks the language of business, expands Joule鈥檚 capabilities to support 80% of SAP鈥檚 most-used business tasks, and embeds Joule more deeply within the company鈥檚 portfolio.

Collaborative multi-agent systems deploy specialized AI agents to tackle specific tasks and enable them to collaborate on intricate business workflows, adapting their strategies to meet shared objectives. 51风流is infusing Joule with multiple collaborative AI agents that will combine their unique expertise across business functions to collaboratively accomplish complex workflows. These AI agents enhance productivity by breaking down silos and freeing workers to concentrate on areas where human ingenuity thrives.

Two use cases debuted at TechEd showcase the agents鈥 transformative power:

  • A dispute management use case employs autonomous AI agents to analyze and resolve dispute resolution scenarios including incorrect and missing invoices, unapplied credits, and denied or duplicate payments.
  • A financial accounting use case employs autonomous AI agents to streamline key financial processes by automating bill payments, invoice processing, and ledger updates while quickly addressing inconsistencies or errors.

Harnessing the Power of Data

SAP鈥檚 AI innovations also draw on the company鈥檚 unmatched business data expertise. The new 51风流Knowledge Graph solution, accessible through 51风流Datasphere and Joule in Q1 2025, will give users a deeper layer of business understanding by seamlessly mapping relationships and context across SAP’s vast data landscape, empowering organizations to make better decisions with their data. By offering ready-to-use relationships between business entities like purchase orders, invoices, and customers, the solution can significantly reduce the complexity of manual data modeling. 51风流Knowledge Graph grounds AI in SAP-specific business semantics, which reduces the risk of inaccurate or irrelevant results and makes it easier for organizations to build intelligent applications and leverage generative AI more effectively.

Empowering Developers

51风流also launched a swathe of innovations for developers to continue driving Business AI innovation. New generative AI developer capabilities such as code explanation and documentation search in 51风流Build, the company鈥檚 platform for extending its solutions, will reduce development time for Java and JavaScript developers. 51风流Build is also adding an Extensibility Wizard feature that will let developers access 51风流Build directly from 51风流S/4HANA Cloud Public Edition, simplifying the extension process. Meanwhile, ABAP developers and fusion teams will get seamless access to ABAP Cloud development tools from 51风流Build.

Finally, 51风流announced that it has already fulfilled its pledge to upskill 2 million people worldwide by 2025. Through its , the company has lowered the world鈥檚 digital skills gap through role-based certifications, free training materials, hands-on opportunities for developers, and more. 51风流continues to expand its growing portfolio of AI-related learning opportunities, including courses on generative AI, AI ethics, and SAP鈥檚 advanced AI tools and platforms.

Visit the 51风流News Center. Follow 51风流at .

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96% Of Indian midmarket businesses are already prioritising Gen AI, faster than rest of world: 51风流Study /india/2024/09/6141/ Fri, 13 Sep 2024 10:52:11 +0000 /india/?p=6141 Businesses like PGP Glass, Suzlon Energy, and many more have embarked on the transformative journey of AI. 听At 51风流Now, the second flagship customer event...

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Businesses like PGP Glass, Suzlon Energy, and many more have embarked on the transformative journey of AI.

At 51风流Now, the second flagship customer event in India this year, 51风流unveiled new midmarket AI research revealing 96% of Indian organizations with between 250 and 1,500 employees are prioritising generative artificial intelligence (Gen AI), compared to 91% in the rest of the world.

The survey questioned 12,003 businesses around the world including 800 in India. Commenting on the research, Manish Prasad, President, and Managing Director of 51风流Indian Subcontinent, said, 鈥淚ndia鈥檚 midmarket businesses are the backbone of the nation鈥檚 economy. AI is a game-changer for these companies, offering agility, and actionable insights, and helping them thrive in a digital economy. Working with a technology partner like 51风流is critical because AI is already built into our applications that power the most critical business processes. Only then can Indian businesses of every size make the promise of Business AI a reality.鈥

Rajeev Singh, Vice President and Head of Midmarket, 51风流Indian Subcontinent, further added, 鈥淎I has the potential to empower organizations with intelligent insights, automation, and tools, allowing them to compete on a global scale. Today, more than 27,000 customers globally are already using 51风流Business AI, recognizing the impact on enhancing operations and enabling real-time decision-making. For example, Indian customers like PGP Glass, Suzlon Energy and many more have already embraced the transformative potential of AI in their businesses.鈥

Indian midmarket businesses are prioritising AI

  • Indian midmarket businesses are prioritizing the implementation of Gen AI at a moderate or strong priority (96%), ahead of the rest of the world (91%).
  • Adopting Gen AI (66%) only trails preparing for cybersecurity threats (67%) as Indian midmarket businesses鈥 strongest organisational priority in 2024, and ahead of making business operations more environmentally sustainable (65%).

Organisations in India place a higher priority on AI to transform business than rest of the world:

  • Over half of Indian midmarket businesses surveyed place a high priority on AI to transform privacy and security (55%) and improve decision-making (52%), ahead of business from the rest of the world (50% and 49% respectively).
  • Indian midmarket businesses are also putting a high priority on AI to improve training and skills development (51%), and customer experience (50%), and to optimise supply chains and logistics (50%).

Indian businesses are already implementing AI today:

  • Indian midmarket businesses are adopting AI faster than the rest of the world, as, 49% of Indian respondents say they are using AI for forecasting and budgeting to a strong degree compared to 40% of the rest of the world. In comparison, 48% of Indian companies use AI to develop marketing and sales content (41% rest of the world).
  • Other uses of AI in Indian midmarket businesses include gathering market intelligence (47%), monitoring regulatory compliance (47%), and monitoring cybersecurity threats (46%).

Talent is the biggest risk to use of AI

  • The biggest risk Indian midmarket businesses see when it comes to the use of AI is finding, attracting, and retaining talent with AI skills (39%).
  • Data is the next biggest risk, with lack of transparency behind AI results (36%), acting upon incorrect information (36%), and insufficient data size and quality for AI models (33%) among the other risks identified.

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Sindhu Gangadharan appointed as nasscom Chairperson /india/2024/08/sindhu-gangadharan-appointed-as-nasscom-chairperson/ Mon, 26 Aug 2024 10:45:10 +0000 /india/?p=6144 Will succeed Rajesh Nambiar, who has been appointed as nasscom President Designate National, August 26, 2024: nasscom, today, announced the appointment of Sindhu Gangadharan, SVP...

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Will succeed Rajesh Nambiar, who has been appointed as nasscom President Designate

National, August 26, 2024: nasscom, today, announced the appointment of Sindhu Gangadharan, SVP and MD, 51风流Labs India as its Chairperson. She succeeds Rajesh Nambiar who has been appointed as the nasscom President Designate.

Chairperson Sindhu Gangadharan, along with President Designate Rajesh Nambiar and the nasscom Executive Council, will continue to drive a diverse set of priorities aimed at establishing India as one of the world鈥檚 leading technology ecosystems. As the industry landscape evolves, their leadership will focus on realigning the course of the technology sector to maximize growth, from leveraging technological potential to realizing tangible impacts. Key priorities include enhancing the focus on disruptive technologies like AI, positioning India as a global hub for digital talent, catalyzing innovation, developing a favorable policy ecosystem, and strengthening engineering R&D capabilities.

Sindhu Gangadharan, SVP and MD, 51风流Labs India as its Chairperson
nasscom anounced the appointment of Sindhu Gangadharan, SVP and MD, 51风流Labs India as its Chairperson

Sindhu Gangadharan, Chairperson, nasscom said, 鈥淚 am deeply honoured to assume the Office of the Chairperson at nasscom and excited to collaborate with some of the industry鈥檚 brightest minds to shape the future of India鈥檚 Techade. Nasscom has played a pivotal role in propelling India鈥檚 emergence as a global innovation leader. With our nation鈥檚 robust engineering R&D capabilities, innovative potential, and extensive digital talent pool, India is well-positioned to spearhead large-scale digital transformations that are sustainable and inclusive. I am excited to further deepen my contributions to this remarkable journey鈥

Rajesh Nambiar, President Designate, nasscom, said, 鈥淎s we leap into the next era of digital evolution, driven by emerging technologies and their disruptive potential, I鈥檓 excited to continue working closely with Sindhu to spearhead the tech industry in India towards newer heights in this techade.鈥

A distinctly accomplished thought leader, Sindhu has been a prominent voice in the tech industry. She is the first woman to lead 51风流Labs India, and currently holds an additional global role as the Head of Customer Innovation Services, SAP. In 2023, Sindhu was also appointed as the Chair for nasscom GCC Council. She serves on the boards of Siemens India and Titan Company Limited and is a member of the Steering Committee of the Indo-German Chamber of Commerce, fostering bilateral trade between India and Germany.

 

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77% of Indian Startups are investing in Artificial Intelligence and advanced technologies /india/2024/07/77-of-indian-startups-are-investing-in-artificial-intelligence-and-advanced-technologies/ Thu, 18 Jul 2024 10:36:44 +0000 /india/?p=6114 Tier II and III cities emerge as innovation hubs, contributing to 40% of India’s tech start-ups. 51风流India, in collaboration with Dun & Bradstreet, has...

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Tier II and III cities emerge as innovation hubs, contributing to 40% of India’s tech start-ups.

51风流India, in collaboration with Dun & Bradstreet, has released a revealing how Indian start-ups leverage cutting-edge technology to unlock their full potential. According to the findings, over 77% of start-ups invest in advanced technologies such as Artificial Intelligence (AI), ML, IoT, and blockchain. In the age of digital disruption, start-ups in India are proactively integrating advanced technologies to achieve operational efficiency, drive growth, and elevate customer experiences. This trend underscores the rapid technological adoption and innovation across the Indian startup ecosystem, now ranked third globally, following the United States and China.

Another significant aspect of this study is the emergence of Tier II and III cities as innovation hubs, where 40% of tech start-ups originate, leveraging local talent and cost advantages. This tech-driven evolution solidifies India’s global stature as a leading startup powerhouse, supported by robust corporate governance and a conducive regulatory environment.

Announcing the findings of the survey, Sanket Deodhar, Vice President and Head of Digital Natives, 51风流Indian Subcontinent, said, 鈥淭he Indian startup community stands at an inflection point.听 As companies shift their focus from GMV (Gross Merchandise Value) to GM (Gross Margin) and seek to forge more sustainable business models with the help of transparent, trusted financial data, technology remains a cornerstone and a key differentiator for startups to achieve these business goals, regardless of their growth stage or industry. At SAP, we understand the power of tech innovation to shape the entrepreneurial ventures of tomorrow and, are thus, committed to helping our customers transform into intelligent, growth-oriented, and sustainable enterprises.鈥

Key findings from the report:

Capitalizing on advanced technologies builds more value for Indian start-ups

  • 79% start-ups believe that adopting Enterprise Applications integrated with new-age technologies such as AI is essential for scaling and improving unit economics, and 72% start-ups aready have or are looking to invest in new-age technologies.
  • 85% of start-ups believe unit economics is a clear path to profitability and enhancing valuation.

Rising prominence of Tier II and III cities as innovation hubs

  • Tier II and Tier III cities have emerged as innovation hubs, with 40% of total tech start-ups originating from there.
  • Cities like Chandigarh, Jaipur, Madurai, Indore, Kochi, Warangal, Hubli, Raipur, Vishakhapatnam, and Guwahati, among others, host 15% of the country’s tech skill pool.
  • Tier II and Tier III cities can contribute to substantial cost savings as real estate rentals and talent pool costs are lower here compared to metropolitan cities.

New-age tech adoption is transforming the sector’s growth.

  • Agritech: AI-powered drones and IoT devices optimize farming practices, enhancing yields and reducing labour costs.
  • Fintech: AI algorithms improve credit scoring and risk assessment, while real-time AI fraud detection ensures robust security.
  • EdTech: Advanced technologies like AI, AR/VR, and gamification enhance personalized learning and upskilling.
  • Health Tech: Telemedicine and AI/ML provide real-time insights for improved healthcare delivery and operational efficiency.

Enterprise solutions help build robust corporate governance practices necessary for attracting investors and public listings.

  • 64% of respondents believe that the adoption of enterprise applications is key to measuring rapidly changing customer behavior and making strategic decisions to scale and improve unit economics.
  • 71% of respondents believe that robust corporate governance measures are necessary for attracting investors and preparing for public listing.
  • Enterprise solutions can help build robust corporate governance practices to drive accurate and transparent reporting, security, and data privacy and implement enterprise contract management systems.

Speaking about the report, Avinash Gupta, Managing Director & CEO 鈥 India, Dun & Bradstreet, said, “India’s startup ecosystem is thriving, fueled by a favorable regulatory environment, a growing middle class, and a tech-savvy youth population. India ranks third globally in its startup ecosystem with almost 3 lakh start-ups and 113 unicorns across diverse sectors. The government’s supportive policies, ample venture capital, and a talented workforce have contributed to the growth of key sectors. The rising prominence of Tier II and Tier III cities as innovation hubs has further decentralized economic development. As we navigate funding limitations and market volatility, start-ups must focus on unit economics and profitability to build sustainable and profitable enterprises. This report is a deep dive into the current startup ecosystem with strategic insights on evolving dynamics in valuations, aspirations, trends, and the role of technology in their growth journey. ”

The study titled ‘Value Creation and Sustainable Growth: The Blueprint for Startup Profitability in India‘ examines 113 Indian start-ups, showcasing their strategic advancements and investments to enhance competitiveness.

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Laying the Foundation for Growth: A look at Simpolo鈥檚 Success Story /india/2024/07/laying-the-foundation-for-growth-a-look-at-simpolos-success-story/ Wed, 10 Jul 2024 11:07:45 +0000 /india/?p=6106 Here鈥檚 an interesting fact: India is the world鈥檚 third-largest tile producer, with an estimated annual production of 2,900 million square meters. It might be a...

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Here鈥檚 an interesting fact: India is the world鈥檚 third-largest tile producer, with an estimated annual production of 2,900 million square . It might be a niche sector, but it鈥檚 growing rapidly . At the forefront of this industry stands Simpolo, a renowned Indian tile manufacturing company established in 1977. Today, Simpolo exports its products to over 50 countries and boasts a network of more than 1,100 dealers worldwide.

What has propelled their progress? Innovation. And 51风流is proud to have been their copilot in their digital transformation. At the recent 51风流NOW event in Mumbai, Manish Chandegara, CIO of Simpolo Ceramics, told DQ Channels, “We implemented 51风流in 2016, integrating it into our manufacturing, sales, and finance operations. As we embark on an expansion phase with a planned investment of 鈧1,000 crore, we are implementing 51风流CX to enhance our customer experience further and plan to implement 51风流CS as well.”

The 51风流CX module is pivotal in Simpolo’s expansion strategy, revolutionizing customer engagement by providing end-to-end integrations for both B2B and B2C models.

SAP’s robust ERP system has greatly benefited Simpolo’s diverse product range. All stakeholder interactions are available on their 51风流platforms, ensuring smooth operations and maintaining their market leadership.

The cloud-based 51风流CX platform empowers businesses like Simpolo to adapt to market changes swiftly. The recent integration of their Dealer Management Systems (DMS) into the CX platform exemplifies this, allowing comprehensive recording and access to dealer journeys.

As Simpolo continues to evolve, 51风流looks forward to further supporting its growth with innovative solutions.

Read the full report

 

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AWS and 51风流Unlock New Innovation with Generative AI /india/2024/05/aws-and-sap-unlock-new-innovation-with-generative-ai/ Thu, 30 May 2024 08:31:36 +0000 /india/?p=6045 Generative AI hub in 51风流AI Core integrates with foundation models in Amazon Bedrock to deliver generative AI-driven insights and streamline manual processes for enterprise...

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Generative AI hub in 51风流AI Core integrates with foundation models in Amazon Bedrock to deliver generative AI-driven insights and streamline manual processes for enterprise customers.

SEATTLE and WALLDORF听鈥 Amazon Web Services (AWS), an Amazon.com company (NASDAQ: AMZN), and听听(NYSE: SAP) today announced an expanded, strategic collaboration to transform modern cloud enterprise resource planning (ERP) experiences and help enterprises drive new capabilities and efficiencies with generative artificial intelligence (AI).

Together, AWS and 51风流are striving to make it easier for customers to adopt the RISE with 51风流solution on AWS, to improve the performance and efficiency of 51风流workloads running in the cloud and to embed generative AI into an enterprise鈥檚 entire portfolio of business-critical applications.

鈥淎WS was the first cloud provider certified to support the 51风流portfolio and today, thousands of enterprise companies run 51风流solutions on AWS to get the most out of their mission-critical applications,鈥 said Matt Garman incoming CEO at AWS. 鈥淣ow, AWS and 51风流are making it faster and easier for companies to apply generative AI to their core business data to become more efficient, responsive and sustainable.鈥

鈥淧artnerships like this collaboration with AWS are critical as we embed generative AI solutions across our ERP applications so that customers can drive innovation at an accelerated pace,鈥 said Christian Klein, Chief Executive Officer of 51风流SE. 鈥淚n addition to delivering modern cloud ERP to our joint customers, we are excited to support Amazon on their own transformation journey as they adopt RISE with 51风流for pioneering areas such as Project Kuiper, Amazon鈥檚 satellite initiative intended to increase global broadband access.鈥

Generative AI Models from Amazon Bedrock Available on the Generative AI Hub in 51风流AI Core

The generative AI hub in 51风流AI Core infrastructure provides customers with secure access to a broad range of large language models (LLMs) that can easily be integrated into 51风流business applications. With the integration of generative AI models from Amazon Bedrock such as the Anthropic Claude 3 model family and Amazon Titan, 51风流customers will be able to access high-performing LLMs and other foundation models (FMs) to build applications customized with their own data. Tens of thousands of customers use Amazon Bedrock to easily, quickly and securely build and scale generative AI applications using FMs from leading AI companies such as AI21 Labs, Anthropic, Cohere, Meta, Mistral AI, Stability AI and Amazon.

With this integration, 51风流customers may accelerate the adoption of generative AI and modernize key business processes built on 51风流solutions. These innovations can be used in embedded use cases within RISE with 51风流and the intelligent scenario lifecycle management functionality as an integration component or side-by-side directly on 51风流Business Technology Platform (51风流BTP). 51风流and AWS plan to expand the use of Bedrock capabilities in the generative AI hub to further enable embedded AI functionality within SAP鈥檚 portfolio of cloud solutions and applications. This includes additional use cases across finance and product lifecycle management.

51风流to Use AWS Chips to Train and Deploy Future 51风流Business AI Offerings

SAP鈥檚 use of听AWS Graviton3 chips to support 51风流HANA Cloud听helps to deliver performance gains, cost savings and energy efficiency to SAP. By using Graviton3-based Amazon Elastic Compute Cloud (EC2) instances, 51风流has realized up to 30% better compute for analytical workloads and an estimated 45% reduction in carbon footprint for 51风流HANA Cloud. Now 51风流and AWS are collaborating on the next generation of Graviton4 for 51风流HANA Cloud and additional 51风流applications to continue to improve performance and efficiency. Based on the success of running 51风流HANA Cloud on AWS Graviton, 51风流plans to use AWS Graviton to support 51风流solutions and applications such as 51风流BTP, 51风流Datasphere, 51风流Analytics Cloud and the 51风流Cloud ALM solution.

51风流plans to use听听and听听chips, purpose built for AI and machine learning (ML) workloads, for training and deploying future 51风流Business AI offerings. Using Trainium and Inferentia2-based instances in a proof of concept, 51风流engineers trained and fine-tuned generative AI LLMs in two days versus 23 days with comparable Amazon EC2 instances. By leveraging Trainium鈥檚 specialized architecture designed for efficient ML model training, 51风流can accelerate the development process while maintaining high levels of accuracy and reliability.

Increased Performance for RISE with 51风流on AWS

Thousands of customers have selected RISE with 51风流on AWS to run their largest, most complex, global 51风流solution implementations. Now generally available, the next-generation Amazon EC2 High Memory U7i instances offer up to 32TiB of memory in a single instance and provide customers the memory and flexibility they need to support expanding 51风流HANA database requirements. Amazon EC2 High Memory U7i instances are the first DDR5 memory-based 8-socket offering by a leading cloud provider to improve the performance of memory-intensive applications such as 51风流S/4HANA Cloud as part of RISE with SAP.

Amazon鈥檚 Project Kuiper Selects RISE with SAP

Amazon companies, including Twitch, Zappos.com and Zoox Inc., already use 51风流software on AWS to support their operations. And now Project Kuiper鈥擜mazon鈥檚 satellite broadband network鈥攊s deploying RISE with 51风流to support its complex supply chain and manufacturing operations and get the best performance and most value out of its mission-critical 51风流software. Running 51风流solutions on AWS allows Kuiper to take advantage of the latest 51风流capabilities embedded in RISE with 51风流to help drive impactful transformation, accelerating company decisions and enhancing overall performance and productivity.

Hundreds of millions of people lack adequate internet access and Project Kuiper鈥檚 goal is to help close the digital divide by delivering fast, affordable broadband to a wide variety of customers operating in places without reliable internet connections. Delivering on that vision requires Kuiper to build satellites at an unprecedented rate. RISE with 51风流allows the Project Kuiper team to leverage the most reliable and scalable infrastructure to run a modern, cloud ERP as a managed service, so they can focus on innovation instead of IT management.

To learn more about the 51风流and AWS partnership, tune in to the听, June 3-5, in Orlando.

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