HomeMarket NewsExpanding Horizons: SAP & NVIDIA's Dive into AI for Business Growth

Expanding Horizons: SAP & NVIDIA’s Dive into AI for Business Growth

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The Marriage of Innovation: SAP SE and NVIDIA have entered into an extended partnership to revolutionize the integration of artificial intelligence (AI) in enterprise solutions. This collaboration aims to provide a powerful AI toolset to business users, enhancing their data analytics capabilities and fostering creativity across SAP’s cloud platform.

Empowering AI Deployment

The main focus of this partnership is the development of SAP Business AI, featuring scalable, industry-specific generative AI functionalities within SAP’s cloud infrastructure. This augmented AI environment is embedded with large language models (LLMs) and ensures the ethical use of AI in business operations. The joint efforts between SAP and NVIDIA aim to launch SAP Business AI, inclusive of NVIDIA’s generative AI foundry service by the close of 2024.

Strategic Integration Overview

One of the principal goals of this collaboration is to seamlessly integrate generative AI into SAP’s cloud solutions, including key offerings like SAP Datasphere, SAP Business Technology Platform (SAP BTP), and RISE with SAP. Efforts will also be made to enhance the SAP BTP with NVIDIA’s generative AI foundry service, paving the way for the effective development and deployment of generative AI models within SAP’s ecosystem.

Innovative Use Cases

To facilitate digital transformation, SAP and NVIDIA are exploring over 20 potential use cases for generative AI. These include leveraging generative AI functionalities in SAP SuccessFactors to enhance human resources processes and automating enterprise resource planning through intelligent invoice matching in SAP S/4HANA Cloud. The partnership also aims to expedite generative AI insights from SAP Signavio and consolidate AI data sources via SAP Datasphere for improved access to high-quality data models using AI and machine learning.

Looking to the Future

Both SAP and NVIDIA envision a future where generative AI is ingrained in the fabric of enterprise applications. As a result, the partnership is geared towards enabling enterprises to deploy generative AI at scale effectively. This strategic alliance aims to synergize the data prowess of SAP with the AI capabilities of NVIDIA, driving innovation and operational efficiency across diverse business verticals.

SAP’s optimistic outlook on the potential of generative AI indicates a promising revenue stream on the horizon. The company’s strategic alignment towards Business AI signifies a crucial growth area for SAP in the coming years.

Currently holding a Zacks Rank #3 (Hold), SAP has seen a stock appreciation of 55.8% over the past year, outperforming the sub-industry’s growth of 51.1% during the same period.

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NVIDIA Corporation (NVDA) : Free Stock Analysis Report

SAP SE (SAP) : Free Stock Analysis Report

Woodward, Inc. (WWD) : Free Stock Analysis Report

Perion Network Ltd (PERI) : Free Stock Analysis Report

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These views are articulated by the author and might not necessarily mirror the views of Nasdaq, Inc.

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