SAP, announced the launch of two new Internet of Things (IoT) solutions, SAP® Connected Goods software and the SAP Dynamic Edge Processing server. These IoT innovations allow SAP customers to connect large volumes of IoT devices and real-time sensor data to core business processes for improved business outcomes including reduced bandwidth costs, greater visibility and insight, and enhanced revenue opportunities.
“With these new IoT solutions, we are enabling a new level of business innovation and operational value from IoT devices practically anywhere, on a mass-market scale, across industries,” said Tanja Rueckert, executive vice president, Digital Assets and IoT, SAP. “By extending SAP’s digital core and processing capabilities to the intelligent edge, where device sensor data originates, enterprises can minimize latency, enhance operational efficiency and accelerate decision making to optimize data-driven insights.”
SAP Connected Goods
Trade associations estimate the number of vending machines across Europe alone to exceed 3.74 million, with assets and revenue potential worth billions of euros. With such staggering numbers, companies cannot afford the costly expense of lost sales, missed revenue opportunities or dissatisfied customers resulting from underutilized, inoperable or misplaced devices.
SAP Connected Goods is a cloud-based solution delivered on SAP HANA® Cloud Platform that is designed to maximize the value of mass-market devices, such as coolers, vending machines or power tools, through remote monitoring, management and central control. It optimizes device availability, utilization and performance by helping ensure adequate stock levels and proper storage. SAP Connected Goods identifies relevant device trends and usage patterns, relies on rule-based alerts for replenishment of goods, and creates customized dashboards with built-in integration to the SAP BusinessObjects™ Cloud solution. It addresses a wide range of mass-market devices across outlets ranging from gas stations to retail stores, pharmacies and constructions sites, and enables alternative business models such as product-as-a-service (PaaS) to attract new customers based on product usage preferences and consumer behavior insights.
SAP Dynamic Edge Processing
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