There has not too long ago been a cambrian explosion of recent AI alternatives, and right here’s yet one more instance. Final yr, I gave a 35 minute keynote on the Portuguese SAP Consumer Group (GUSP) Annual Congress, overlaying among the high expertise developments.

I simply tried out summarize.tech to sum up the session, and the outcomes are spectacular! It offers each an total abstract and section-by-section particulars, with direct video hyperlinks to any half that you just is likely to be excited about discovering extra about. I’m significantly impressed with how nicely it offers with the product names and firm names—with just one mistake that I’ve noticed to date: “Avan Grid” as an alternative of “Avangrid”.

On this video, Timo Elliott, an innovation evangelist for SAP, highlights three main alternatives for companies utilizing SAP expertise: sooner innovation, empowering enterprise individuals, and transferring from analytics to motion. He explains how companies can leverage AI and machine studying to show something right into a sensor, detect patterns in new methods, and increase human intelligence. Elliott additionally emphasizes the significance of empowering workers by offering them with needed instruments and knowledge, whereas sustaining a safe and compliant framework to keep away from chaos. Moreover, he discusses how SAP’s suite of merchandise might help organizations make sustainability actionable and worthwhile, whereas balancing profitability and the planet in win-win-win conditions.

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• • 00:00:00 On this part of the video, Timo Elliott, an innovation evangelist for SAP, discusses new alternatives in how prospects are utilizing SAP expertise to remodel the best way they do enterprise. He focuses on three massive alternatives: sooner innovation, empowering enterprise individuals, and transferring from analytics to motion. He explains that automation and innovation have develop into vital because the world experiences provide chain disruptions, inflation, excessive climate occasions, employee shortages, and uncertainty. Nevertheless, analysts say that 30% of digital transformation tasks fail to ship on their anticipated outcomes attributable to fragmentation in current programs. To deal with this, a digital enterprise platform is required, which is a stable basis of expertise to allow agile and versatile innovation. SAP goals to supply each the reliability of a digital core and the pace of a speedboat to ship fast returns to the enterprise.
  • 00:05:00 On this part, Timo Elliott talks about how the SAP Enterprise Know-how Platform might help corporations innovate sooner, citing using synthetic intelligence algorithms to create sensible pictures based mostly on descriptions. He offers examples of how companies are utilizing AI to show something right into a sensor and detect patterns in new methods, corresponding to within the case of Avan Grid growing the pace of energy grid restore by 30%. He additionally mentions ASR Group utilizing machine studying to optimize routes for sugar supply to their 600 prospects, decreasing logistics prices. Total, Elliott emphasizes the significance of tying AI programs to SAP expertise for production-ready enterprise purposes.
  • 00:10:00 On this part, Timo Elliott discusses some examples of how synthetic intelligence (AI) is getting used to reinforce human intelligence inside organizations. One instance is an organization that makes use of AI and machine studying fashions to foretell the affect of climate and exterior financial knowledge on their enterprise. The predictions are then exhibited to enterprise analysts utilizing SAP Analytics Cloud, which permits for even higher predictions as a result of people are nonetheless essentially the most highly effective expertise in a corporation. One other instance is Mercedes-Benz, which used SAP Money Utility and machine studying to mechanically match invoices with financial institution data, which led to a 58 p.c enhance in automated matching and vital time and price financial savings for the finance division. As extra non-technical individuals develop into concerned in Know-how Innovation, SAP is positioned to assist their companies develop into extra clever by making certain that knowledge is maintained, safe, and compliant.
  • 00:15:00 On this part, Timo Elliott talks about how companies can empower their workers to do extra innovation by offering them with the required instruments and knowledge. He gave an instance of a cellular utility utilized by a zoo in Sydney that brings collectively all the data workers want, from HR knowledge to emergency knowledge. Nevertheless, he additionally acknowledged the chance of chaos if companies give an excessive amount of energy to their workers. The answer, he stated, is to supply the framework and Lego bricks, then let the enterprise customers construct on high of that framework in a safe and compliant means. He highlighted applied sciences like SAP Knowledge Warehouse Cloud, SAP Course of Intelligence, and no-code enterprise purposes to allow enterprise individuals to create their very own workflows and automate processes, permitting them to work sooner and extra effectively.
  • 00:20:00 On this part, Timo Elliot discusses how the cloud has enabled companies to carry expertise to the information as an alternative of the opposite means round, making analytics way more tightly linked to enterprise processes. He offers examples of corporations, corresponding to a Swiss reinsurance firm and Freudenberg House and Cleansing Options, which have efficiently built-in SAP analytics cloud into their enterprise processes, permitting workers to have all the required data at their fingertips and enabling real-time state of affairs planning. By doing so, companies can flip analytics into motion and see quick outcomes. Timo urges companies to not solely present the expertise but in addition to assist individuals undertake it and ensure it wins them over.
  • 00:25:00 On this part, Timo Elliott discusses the advantages of recent applied sciences like enterprise course of intelligence. He compares it to a state of affairs the place a health care provider advises a affected person to have an MRI to diagnose their knee drawback which is a fancy system. He explains how instruments like Signavio might help enterprise organizations diagnose issues like a health care provider and suggest options. The instrument might help organizations observe variables that want enchancment and create an ROI case for innovation. Timo additionally talks about sustainability and the way corporations can contribute positively to the atmosphere by monitoring their carbon footprints. He advises corporations to take accountability for his or her vitality utilization and work in the direction of sustainability, citing examples of corporations like Walkers Crisps that launched the carbon footprint label on their merchandise.
  • 00:30:00 On this part, Timo Elliott talks about real-world tasks that leverage knowledge and analytics for sustainability. He shares examples corresponding to Walkers, a UK-based potato chip firm that was capable of scale back waste and carbon footprint by analyzing the end-to-end means of their potato manufacturing. He additionally mentions the Clever Infrastructure Management Heart within the UK, which makes use of machine studying to benchmark and monitor completely different transport tasks, and a Turkish firm that created a real-time carbon footprint calculation within the metaverse utilizing SAP Analytics Cloud. Elliott discusses how SAP’s suite of merchandise might help organizations make sustainability actionable and worthwhile, whereas additionally accelerating innovation by way of a robust platform and permitting enterprise individuals to do a lot of the work in a guided, structured strategy.
  • 00:35:00 On this part, Timo Elliott is seen discussing the idea of win-win-win conditions the place companies can enhance buyer outcomes, enhance income, and assist the world develop into a greater place on the identical time. He mentions that it’s all about balancing profitability and the planet and gives to assist with innovation. The viewers applauds him for his inspiring and helpful examples.