Enterprise solutions from companies will leverage 5G, IoT
SAP, fresh off of its expanded cloud partnership with Microsoft, is now teaming up with Verizon to develop solutions that will enable organizations to leverage such emerging technologies as 5G networking, analytics, software-defined networking (SDN), and machine learning at the edge.
The Lowdown: Announced this week at the Mobile World Congress LA 2019 in Los Angeles, the alliance will create enterprise offerings that use Verizon’s growing 5G network and Intelligent Edge Network platform integrated with such SAP software and services as Leonardo Internet of Things (IoT), Edge Services, and analytics.
The Details: The goal is to push more processing and analytics capabilities out to edge environments, closer to where data is being generated. Those environments can include such enterprise assets as warehouses and factories. At the Los Angeles show, the two companies demonstrated how their technologies work together to drive real-time business outcomes based on conditions across the supply chain. Data about such factors as location, temperature, humidity, and vibration at a site can be captured, processed, and analyzed by Verizon’s Critical Asset Sensors (CAS) supported by the carrier’s ThingSpace IoT platform and SAP Edge Service, creating real-time insights that can drive business decisions.
SAP’s Leonardo IoT, Field Service Management, and Global Track and Trace solutions come into play by driving further analytics and condition-based monitoring that can lead to automatic service calls and order fulfillment from the warehouse to the customer.
In addition, the ThingSpace platform gives developers the tools to build connectivity and manage data from the CAS and other enterprise IoT devices.
The Impact: Modern technologies like 5G are adding fuel to an already rapidly growing IoT environment. What started primarily in the consumer space is now moving quickly into the enterprise, where companies are leveraging IoT to improve efficiencies, develop more insights into their operations, and make better and faster business decisions. IDC analysts are predicting that global IoT spending will grow from $745 billion this year to more than $1 trillion in 2022, with industries like manufacturing, transportation, and utilities leading the way.
Background: The latest announcement from SAP and Verizon is an expansion of an ongoing partnership. Verizon is leveraging the SAP S/4HANA Finance solution and S/4HANA in-memory capabilities as it looks to consolidate more than eight ERP systems, and also is using SAP’s Cloud Platform, HANA Enterprise Cloud, and Digital Boardroom offerings. SAP is partnering with Verizon to build out its next-generation global network.
The Buzz: “We’re unleashing the next generation of cloud capabilities through global data centers, across the edge of the network,” said Eric Stine, chief customer innovation officer for 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 of global enterprise for the Verizon Business Group. “This combined solution is not just about massive IoT. We’re 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.”