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SAP Receives 2016 IoT Evolution Product of the Year Award

Newsbyte | September 13, 2016 by SAP News

WALLDORFSAP SE (NYSE: SAP) announced today that it has received a 2016 IoT Evolution Product of the Year award from IoT Evolution and IoT Evolution World, the leading magazine and Web site respectively covering Internet of Things (IoT) technologies.

The award was given for a connected store solution. The omnichannel, cloud-based platform solution provides end-to-end, real-time consumer and operations management functions for consumer product, wholesale, retail, hospitality and telco companies who are looking to:

  • Extend their loyalty programs with an IoT-based omnichannel presence
  • Leverage the power of social, local and mobile channels to drive digital transformation and create new sales opportunities
  • Gain direct consumer insight and increase brand awareness through real-time data collection
  • Achieve operational excellence in managing large fleets of distributed, revenue-generating, IOT-enabled capital assets

“We see that when consumer categories reach the tipping point in digital transformation, growth accelerates across industries,” said Christian Busch, global head, IoT for consumer industries, SAP, on accepting the award on behalf of SAP and the whole team. “Companies can now orchestrate business processes across marketing, commerce, sales and service, while delivering a personalized experience on any channel and at any moment in the customer journey.”

SAP now has a connected store platform that is part of the IoT for consumer industries portfolio at SAP. It is driving the digitization of the point of sale and bringing in the next wave of automation and efficiency gains through the IoT. In addition to orchestrating a seamless, personalized customer experience, the platform solution is helping retailers to streamline operations and reduce costs through sensor technology to drive real-time, demand-based replenishment, truck scheduling and maintenance.

The concept for this platform solution originated from customer collaborations across the SAP Custom Development organization and the value prototyping services provided by SAP. After winning an initial customer contract and developing a pilot version in 2014, the concept was quickly adopted and evolved by leading customers in the retail, consumer packaged goods and wholesale categories. The innovation behind the platform solution was featured at more than 300 global trade shows, including Mobile World Congress 2015, and appeared on CNN’s “Quest Means Business.” In 2016 SAP decided to commercialize the solution in response to customer demand.

“Collaborative innovation with our customers allows them to get to market faster with SAP solutions that truly make the world run better,” said Klaus Weber, executive vice president and general manager, SAP Custom Development.

For more information on SAP Connected Retail software, visit http://go.sap.com/services/custom-app-development.html or www.sap.com/retail.

For more information, visit the SAP News Center. Follow SAP on Twitter at @sapnews.

Media Contact:

Martin Gwisdalla, SAP, +49 (6227) 7-67275, martin.gwisdalla@sap.com, CET
Erin Albright, FleishmanHillard, +1 (212) 453-2344, erin.albright@fleishman.com, ET

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
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