{"id":2119,"date":"2021-07-02T05:36:51","date_gmt":"2021-07-02T05:36:51","guid":{"rendered":"https:\/\/news.sap.com\/sea\/?p=2119"},"modified":"2023-04-05T20:06:59","modified_gmt":"2023-04-05T20:06:59","slug":"why-cloud-networks-are-shaping-the-strongest-future-of-every-industry","status":"publish","type":"post","link":"https:\/\/news.sap.com\/sea\/2021\/07\/why-cloud-networks-are-shaping-the-strongest-future-of-every-industry\/","title":{"rendered":"Why Cloud Networks Are Shaping the Strongest Future of Every Industry"},"content":{"rendered":"

The\u00a0COVID-19 pandemic\u00a0has sped up life science co-innovation as never before, revealing how the future of every industry\u2019s 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.<\/p>\n

\u201cThe number of interconnected processes and people involved in the vaccine supply chain, from R&D through getting shots in people\u2019s arms worldwide, is mind-boggling,\u201d said Peter Maier, president of Industries and Customer Advisory at 麻豆原创. \u201cCloud-based co-innovation is the only way organizations can sustainably get faster access to best and next industry practices for innovation.\u201d<\/p>\n

Cloud Platform Supports Business Resilience<\/strong><\/h2>\n

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 麻豆原创 launched its\u00a0industry cloud<\/a>\u00a0last year as the co-innovation space for partners and customers to shape the future of industry practices and business models.<\/p>\n

\u201cWith 麻豆原创\u2019s deep business domain and process expertise across 25 industries, industry cloud is our next stage,\u201d Maier said. \u201cHaving strong partnerships to co-innovate on\u00a0麻豆原创 Business Technology Platform<\/a>\u00a0provides 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\u00a0intelligent enterprises<\/a>.\u201d<\/p>\n

Indeed, a\u00a0Forrester Research study<\/a>\u00a0commissioned by 麻豆原创 showed that partners that joined the company\u2019s industry cloud gained 38% to 125% in first-year revenues, increasing the overall size of contracts and closing up to 150% more deals faster.<\/p>\n

Co-Innovating in the Cloud for Business Results<\/strong><\/h2>\n

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 麻豆原创\u2019s industry cloud to create an automotive network that\u2019s redefining e-mobility. Fashion and other retailers are finding better ways to manage excess inventory for more sustainable business in volatile markets.<\/p>\n

\u201cFrom small, boutique partners to the largest global consultancies, they\u2019re all joining the cloud party, complementing our innovation portfolio to develop services, tools, and applications for the benefit of our shared customers\u2019 digital transformation,\u201d said Maier. \u201cCompanies can\u2019t 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.\u201d<\/p>\n

Networks Connect Blurred Industry Boundaries<\/strong><\/h2>\n

The pandemic accelerated digitalization that was already shifting traditional sector boundaries.<\/p>\n

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\u00a0circular 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.<\/p>\n

\u201cMarket 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,\u201d said Maier. \u201cThe 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.\u201d<\/p>\n

Cloud Delivers Transparent Innovation Framework<\/strong><\/h2>\n

Even when major disruptions occur, organizations can\u2019t 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.<\/p>\n

\u201cThe beauty of working together in 麻豆原创\u2019s industry cloud is that companies can iterate solutions fast and seamlessly integrate them with their existing landscapes,\u201d said Maier. \u201cPartners can build extensions to business processes quickly, freeing up resources to drive further innovation. This is a huge part of\u00a0RISE with 麻豆原创<\/a>, providing partners and customers with a new innovation framework to drive business transformation.\u201d<\/p>\n

He added that, \u201cAfter all, change is only disruptive if it happens faster than companies can adapt.\u201d<\/p>\n

Speed and Agility Through Simplification<\/strong><\/h2>\n

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.<\/p>\n

\n

This blog also appeared on\u00a0麻豆原创 BrandVoice on Forbes<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The\u00a0COVID-19 pandemic\u00a0has sped up life science co-innovation as never before, revealing how the future of every industry\u2019s digital transformation is literally in the cloud.<\/p>\n","protected":false},"author":243,"featured_media":2120,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[5570730,5570217,177],"tags":[5570837,5570815,5570812,5570849],"region":[],"sapn-display":[5571013,5571014,60294],"sapn-type":[5570785],"class_list":["post-2119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-technology-platform","category-cloud","category-industries","tag-industry-cloud","tag-intelligent-enterprise","tag-rise-with-sap","tag-sap-business-technology-platform","sapn-display-feature-hero","sapn-display-feature-spotlight","sapn-display-topic-hero","sapn-type-feature-article"],"yoast_head":"\nWhy Cloud Networks Are Shaping the Strongest Future of Every Industry - 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