Industry Cloud Archives - �鶹ԭ�� Southeast Asia News Center

Why Cloud Networks Are Shaping the Strongest Future of Every Industry

Susan Galer — Fri, 02 Jul 2021 05:36:51 +0000

The COVID-19 pandemic has sped up life science co-innovation as never before, revealing how the future of every industry’s digital transformation is literally in the cloud. During the past year, pharmaceutical and chemical organizations, government policymakers and regulators, transportation and distribution companies, healthcare providers, and citizens united to usher in the next golden era of digitalization.

“The number of interconnected processes and people involved in the vaccine supply chain, from R&D through getting shots in people’s arms worldwide, is mind-boggling,” said Peter Maier, president of Industries and Customer Advisory at �鶹ԭ��. “Cloud-based co-innovation is the only way organizations can sustainably get faster access to best and next industry practices for innovation.”

Cloud Platform Supports Business Resilience

Every industry consists of an interconnected ecosystem of suppliers and partners across complex networks, from product and service design through sourcing, production, and delivery. This is why �鶹ԭ�� launched its last year as the co-innovation space for partners and customers to shape the future of industry practices and business models.

“With �鶹ԭ��’s deep business domain and process expertise across 25 industries, industry cloud is our next stage,” Maier said. “Having strong partnerships to co-innovate on provides customers with industry-specific solutions they can use immediately to address their unique business priorities to optimize and differentiate. Our customers and partners are on an incredible digital transformation journey to run as .”

Indeed, a commissioned by �鶹ԭ�� showed that partners that joined the company’s industry cloud gained 38% to 125% in first-year revenues, increasing the overall size of contracts and closing up to 150% more deals faster.

Co-Innovating in the Cloud for Business Results

Partners of all sizes are discovering the benefits of co-innovating on a cloud platform. For example, leading car manufacturers and supplier partners are exploring innovations in �鶹ԭ��’s industry cloud to create an automotive network that’s redefining e-mobility. Fashion and other retailers are finding better ways to manage excess inventory for more sustainable business in volatile markets.

“From small, boutique partners to the largest global consultancies, they’re all joining the cloud party, complementing our innovation portfolio to develop services, tools, and applications for the benefit of our shared customers’ digital transformation,” said Maier. “Companies can’t make it on their own anymore. They need to know how peers and other industries are innovating so they can apply it to their business.”

Networks Connect Blurred Industry Boundaries

The pandemic accelerated digitalization that was already shifting traditional sector boundaries.

For example, as sustainability becomes the de facto standard for business excellence, regulatory compliance, and consumer uptake, CPG companies are creating business networks to connect numerous entities for managing the circular economy. This spans suppliers and partners involved with the full product lifecycle, including sourcing recycled materials, sustainable production and transportation, customer delivery, and managing reuse and recycling. Expert partners can more quickly innovate on cloud-based platforms, connecting data and processes that deliver on sustainability promises.

“Market leaders are co-innovating in consortia of peers, experts, and consultants on cloud-based networks to establish next industry practices supported by hyperscaler-agnostic platforms,” said Maier. “The network connects everyone on one industry cloud so they can extend innovation using the latest technologies like machine learning, artificial intelligence (AI), the Internet of Things (IoT), and blockchain to reimagine how business processes run and create new business outcomes.”

Cloud Delivers Transparent Innovation Framework

Even when major disruptions occur, organizations can’t just hit pause on their core business to step back and innovate. Being able to collaborate in the cloud gives companies the agility to adapt processes quickly for groundbreaking industry transformation.

“The beauty of working together in �鶹ԭ��’s industry cloud is that companies can iterate solutions fast and seamlessly integrate them with their existing landscapes,” said Maier. “Partners can build extensions to business processes quickly, freeing up resources to drive further innovation. This is a huge part of , providing partners and customers with a new innovation framework to drive business transformation.”

He added that, “After all, change is only disruptive if it happens faster than companies can adapt.”

Speed and Agility Through Simplification

Getting new products and services to customers quickly is increasingly complex in unpredictable markets. When it comes to software applications for industry-specific differentiation, organizations need to simplify with modular strategies to co-innovate with partners without sacrificing integration. Cloud-based platforms foster this kind of step-by-step iteration with harmonized data across typically hybrid systems that might include both cloud and on-premise application environments. As fast as the pandemic upended business during the past year, it heralded the beginning of a new age of digitalization, taking all of us into the next evolution in business agility.

This blog also appeared on .

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�鶹ԭ�� CEO Christian Klein at �鶹ԭ��PHIRE NOW: Together We Are Reinventing How Businesses Run

�鶹ԭ�� News — Thu, 10 Jun 2021 09:20:44 +0000

�鶹ԭ�� CEO Christian Klein kicked off Americas, showcasing how �鶹ԭ�� is helping organizations worldwide become by connecting with a community of networks and running sustainable business. Above all, Klein expressed his gratitude to customers, partners, and employees for their commitment throughout the pandemic.

“Together, we are reinventing how businesses run and also demonstrating the big heart of our community. Our thoughts go out to everyone affected by the pandemic, and our thanks to all those who are making extraordinary contributions in our community,” Klein said. “Technology has helped communities and families, and helped business quickly adapt. �鶹ԭ�� has been working hand-in-hand with you, our customers around the globe, whether it was helping you to make your supply chains more resilient, reimagining your business model to create new customer experiences, or to enable remote work. Together, we’ve got this.”

�鶹ԭ��’s premiere customer event is being held virtually this year throughout June across regions worldwide. During his fascinating keynote, Klein unveiled a series of announcements that included the global industry expansion of the company’s business network strategy for fast innovation, sustainability tracking solutions, and industry-specific additions to the company’s popular business transformation-as-a-service offering,��. He and special guests welcomed a plethora of customers who demonstrated how they were already relying on �鶹ԭ�� to become intelligent enterprises.

Business Networks and Sustainability Drive Growth

Klein announced the next phase of �鶹ԭ��’s strategy to create world’s largest and most comprehensive business network, along with upcoming sustainability reporting standards and tools. He put both announcements in business context, based on learnings from companies that have weathered a storm of challenges encompassing the pandemic, geopolitical tensions, social injustice, inequality, loss of biodiversity, and climate change.

“The most resilient companies were those that embraced technology to transform their business processes. COVID has underscored the urgent need for every company to become an intelligent enterprise,” he said. “Insight number two was that no business does business alone. We win together as a community. But the value comes from the network and millions of interconnections it facilitates in real time. The third insight is that we must act now on sustainability with the goal of zero emissions, zero waste, zero inequality.”

Announcing that will bring together ,��, and , Klein predicted that industries will be revolutionized as businesses turn into communities across entire supply chains, able to respond to any disruptions in real time. He said that sustainable business was equally important as he announced the company’s portfolio of upcoming sustainability-specific solutions.

“We already run the world’s largest supplier network with more than 5 million connected enterprises. And because our applications run supply chains across every industry, we have the most relevant data and expertise,” said Klein. “It’s time to build sustainability into the fabric of how we do business to make sustainability a standard dimension of corporate management. The �鶹ԭ�� community has the power to protect our planet and create a future our children want to be part of. We have created a new sustainability portfolio to help you drive sustainable practices inside your organization and across your entire value chain.”

How �鶹ԭ�� Customers Are Digitally Transforming

In a series of fascinating conversations featuring real-world �鶹ԭ�� customers and solution demonstrations, Julia White, chief marketing and solutions officer and member of the Executive Board of �鶹ԭ�� SE, and Paige Wei-Cox, senior vice president and global head of �鶹ԭ�� Business Network, shared the Intelligent Enterprise in action.

One retailer used to deliver an omnichannel shopping experience for consumers, with embedded artificial intelligence (AI) for personalized offerings based on a 360-degree view of customer data, including social sentiment and purchase history. capabilities integrate data across supply chain planning, inventory, ordering, and invoicing for real-time visibility and faster delivery.

A global leader collaborated in �鶹ԭ��’s industry cloud to develop an advanced track and trace solution for sustainable medicine returns and launch a single platform for data sharing across partners. Another �鶹ԭ�� customer, a large agribusiness organization, used �鶹ԭ��’s business network to find 140 new suppliers in a few days when the pandemic disrupted supply chains last year. Executives from two ��Ի�� organizations shared how they’ve collaborated with �鶹ԭ�� to launch an industry-wide clinical trial network to connect seamlessly across complex supply chain partners for faster time-to-market.

RISE with �鶹ԭ�� Expands with Industry Expertise

Responding to high customer interest, Klein said that �鶹ԭ�� has expanded its transformation-as-a-service offering RISE with �鶹ԭ�� beyond �鶹ԭ�� S/4HANA Cloud to ��Ի��, as well as a dedicated package for human experience management (HXM).

“Many customers want a holistic, modular cloud ERP solution,” he said. “All of this is delivered with one data and security model, and business process intelligence to ensure your processes are fully optimized and running industry best standards.”

In addition, White announced RISE with �鶹ԭ�� for industries focused on retail, consumer products, automotive, utilities, and industrial machinery and components (IM&C).

“We’re bringing together the best of �鶹ԭ��’s 50 years of deep industry expertise and the best of our partner ecosystem to provide industry-specific cloud-based solutions as-a-service,” she said. “These solutions are built on to give you the benefits of integration, extensibility, analytics, and one data model. They work natively with �鶹ԭ�� S/4HANA Cloud so every customer can get the full set of industry-specific solutions needed in their cloud deployment.”

Connected Insights Speed Up Digital Transformation

White also had a candid conversation with Hasso Plattner, chairman of the Supervisory Board of �鶹ԭ�� SE, about how organizations can use �鶹ԭ�� technology to bring people, processes, systems, and data together for transformational business results. Plattner advised companies to explore transformation using simulations with active data models, which is now possible using experience information from , the , and process management and mining from

“The whole notion of cloud systems is such a gigantic improvement,” Plattner said. “With new ways to visualize business processes and to get feedback, we have a better chance to move forward faster. We can monitor systems, and see what’s missing and make changes…even on the fly.”

Innovation Networks for Sustainable, Profitable Business

Klein’s vision for the future was clear: connected intelligent enterprises will reinvent how businesses run.

“We will jointly build networks with you that champion diversity, inclusion, and human rights. We will make carbon footprint tracking available in the business network so that you can go to true net zero,” he said. “Together, we can reinvent how industries run by connecting intelligent enterprises into an industry-wide business network, making profitability sustainable and sustainability profitable.”

�鶹ԭ��PHIRE NOW APJ runs from 21 – 24 June 2021. Register to reserve a place.

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