WALLDORF — SAP SE (NYSE: SAP) today announced findings of its “Emerging Opportunities to Deploy Industry Processes in the Cloud” study, conducted by Forrester Consulting.*
The survey polled decision-makers in five industries to evaluate their interest in industry cloud solutions. Some 95 percent of the respondents believe moving business processes to industry cloud would notably improve their abilities to digitally transform their operations.
Innovative Organizations Are Industry Cloud Trailblazers
Companies that rate themselves highly for innovation, strategy, technology, people, process and culture appear ahead of the curve on recognizing the value of industry cloud solutions and cloud platforms. Some 91 percent of these organizations believe that intelligent technologies in the cloud will drive strategic business and IT benefits, compared to 71 percent of organizations that don’t qualify as digital leaders.
“Innovative organizations seek scalable and secure cloud solutions that natively embed new intelligent technologies and are tailored to specific industries,” said Peter Maier, co-president of SAP Industries. “This study revealed that traditional cloud solutions are being implemented by three out of four companies (76 percent), and moving to industry cloud can help enterprises add value by improving the areas of standards and consistency. This allows enterprises to meet rising customer expectations by digitally transforming their organizations and their ecosystem of suppliers, customers and partners.”
Industry-Specific Sentiment Around Industry Cloud
The five industries surveyed in this study have high interest in adopting industry cloud solutions for end-to-end digital transformation priorities. These priorities vary based on industry and are outlined below:
- Banking and insurance: Value seen in industry cloud to help with data management and insights (87 percent)
- Consumer products: Most interested in leveraging industry cloud to support supply chain business processes (92 percent)
- Discrete manufacturing: Interested in adopting industry cloud to improve digital supply networks (88 percent)
- Public sector: Interested in industry cloud for tax and revenue operations (86 percent)
- Retail: Interested in processes such as risk management (95 percent) and procurement (91 percent)
Organizations are looking for a robust set of capabilities that enable data-driven decisions in real time across their business. As noted in the Forrester study, “Industry cloud can add value in driving standards and consistency in markets, supply chain transparency, cost savings for commodity processes, and fast customizations to improve customer experience. But the main benefit is the ability to deliver end-to-end processes and next-generation innovations in the cloud.”
Stacy Ries, +1 (484) 619-0411, firstname.lastname@example.org, ET
Methodology: In this study, Forrester conducted 800 online surveys and 10 qualitative interviews with banking/insurance, consumer products, retail, manufacturing and government/public sector organizations in the United States, the United Kingdom France, Germany, Mexico, Brazil, Australia, New Zealand and Japan to evaluate interest in industry cloud. Survey participants included decision-makers responsible for cloud computing strategy. Questions provided to the participants asked about cloud adoption and interest and expected benefits of industry cloud. Respondents were offered incentives as a thank you for time spent on the survey. The study began and was completed in April 2018.
*“Emerging Opportunities to Deploy Industry Processes in the Cloud,” a July 2018 commissioned study conducted by Forrester Consulting on behalf of SAP.
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.
© 2018 SAP SE. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.