Verizon and SAP co-developing next gen IoT analytics solutions

Written by Customer Service on . Posted in Public Companies.

LOS ANGELES, Oct. 23, 2019 (GLOBE NEWSWIRE) — Verizon (NYSE: VZ) and SAP SE (NYSE: SAP) today announced a collaboration that will enable applications to process data where it is generated – from an assembly line to a retail store shelf, helping businesses save time and increase productivity. The companies are partnering to create enterprise solutions that use Verizon’s network and platform capabilities integrated with SAP’s software and services, particularly the SAP® Leonardo Internet of Things (IoT) solution, SAP Edge Services and analytics, computing and data management capabilities. This announcement was made at Mobile World Congress Americas, being held in LA October 22-24.
With the new partnership, SAP’s customers are poised to benefit from Verizon’s new technologies, such as 5G, software defined networking (SDN) and its Intelligent Edge Network capabilities, to accelerate their digital transformation and unlock the power of the Intelligent Enterprise.Verizon and SAP Uniquely Positioned to Unlock Business Models, Monetization Strategies“We are unleashing the next generation of cloud capabilities through global data centers, across the edge of the network,” said Eric Stine, Chief Customer Innovation Officer, SAP North America. “With data volumes growing exponentially and the capabilities of new wireless technologies like 5G to further expand the reach of IoT and enterprise computing, SAP and Verizon are uniquely positioned to drive a new class of data analytics, management and services at scale to help the world’s great companies create amazing customer experiences, and unlock new business models and monetization strategies.” “Our ability to integrate our ThingSpace platform into the SAP Cloud portfolio provides a secure and agile way to deliver instantaneous, end-to-end operational analytics at the edge while lowering the cost of IoT management,” said George Fischer, president, Global Enterprise, Verizon Business Group. “This combined solution is not just about massive IoT. We are also enabling computer vision, augmented reality, blockchain and machine learning using Verizon’s network. These are a truly comprehensive set of capabilities to help our customers better manage critical functions including asset lifecycles, supply chains, customer experiences, human capital and plant operations.” Accelerating Enterprise Customers’ Digital TransformationsTo help organizations and developers accelerate their digital transformation, companies are highlighting how SAP Edge Services coupled with Verizon’s 5G network can drive business outcomes in real-time.  At Mobile World Congress Americas this week, a demonstration at Verizon’s booth shows how this joint solution provides the ability to leverage edge computing. It demonstrates the condition of assets within a warehouse or factory and executes critical business processes locally while providing visibility across the supply chain.  Environmental conditions such as location, temperature, humidity and vibration are processed and analyzed at the edge by Verizon’s ThingSpace-enabled Critical Asset Sensor (CAS) and SAP Edge Services, generating real-time insights. Together with SAP Leonardo IoT, this enables aggregate time series analysis contextualized with master data, geo-location and condition-based monitoring for outbound logistics business processes. These insights trigger two outcomes: the SAP Field Service Management solution generates an automatic service call, driving recommendations for the right technician to service mal-functioning assets, and the SAP Global Track and Trace solution which enables the fulfillment of goods from the warehouse to the end customer, dramatically streamlining business processes. Additionally, Verizon’s ThingSpace platform provides developers with the tools to build and deploy connectivity and manage data capture for CAS and hundreds of other certified IoT devices for the enterprise.  The Verizon and SAP partnership stems from a solid foundation built over several years. Verizon has several company-wide transformations underway, and is a great resource for enterprises of all sizes to help with their digital transformations to better serve their customers. Verizon’s goal is simplification and unification as it looks to consolidate more than eight ERP systems across business units and geographies. Verizon selected the SAP S/4HANA® Finance solution and SAP S/4HANA® for central finance foundation as its foundational platform, as well as SAP Cloud Platform, SAP Digital Boardroom and SAP HANA® Enterprise Cloud.SAP Chooses Verizon’s global networkSAP has chosen Verizon to build its next-generation global network, consolidating and streamlining SAP’s global network infrastructure for easier and more cost-effective network management, improved internal connectivity and collaboration, a secure stable platform to support customer-facing applications, and a better experience for employees and customers around the world. Verizon was chosen due to the company’s global reach, its expansive, secure and high capacity global network capabilities, and its technical expertise.

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.