SAP investing €2 billion in Internet of Things business that will develop solutions and capitalize on growing IoT market

Briefing

SAP investing €2 billion in Internet of Things business that will develop solutions and capitalize on growing IoT market

December 5, 2016

Briefing

  • €2 billion investment – Invests in its Internet of Things business over next five years to develop enterprise solutions, intensify marketing and sales efforts, and build IoT labs around the globe
  • Industry 4.0 solutions– Include jump-start package which connects business equipments to monitor efficiency, accelerator package that includes features of jump-start service plus automated executions and advanced controls, and a third being planned that will add machine learning and predictive analysis
  • IoT labs– To be built possibly in Berlin, Johannesburg, Munich, Palo Alto, São Leopoldo and Shanghai, which will be open to customers, partners and startups interested in Industry 4.0 and IoT technologies
  • IoT market forecast – Estimated to have value of €250 billion by 2020

Accelerator

Sector

Industrial Manufacturing, Information Technology

Organization

SAP SE

Source

Original Publication Date

September 28, 2016

Leave a comment