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The country leapfrogged the world in terms of technology adoption, Subramanian Ananthapadmanabhan, Chief Revenue Officer–Business Technology Platform, APJ, SAP has said
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Shares of SAP, which have been powered by growing investor optimism over its cloud-based software, rose 1.6% on Monday, valuing the German company at about €314 billion
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India is SAP's largest research and development hub outside its headquarters in Germany, executive board member Thomas Saueressig has said
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Both companies’ boards have approved the transaction for $14 per share, a premium of 45% on WalkMe’s last closing price, they said in a joint statement.
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These datasets are helping Indian SMBs that have very little structured data in place, adopt generative AI quickly. Nearly 80% of SAP India’s customers are SMBs.
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Tech Layoffs: Sony, Cisco, Twitter, Microsoft, Google, Amazon, Grammarly, and Bumble are among 182 companies that laid off 15,372 employees in February 2024. The year started with Frontdesk firing over 200 employees over a two-minute video call. Tech companies have now started restructuring their workforce to adapt to AI. Sony is laying off 900 employees from its PlayStation unit, which will affect 8% of its workforce. Bumble, a dating app, is laying off 350 employees which accounts for 30% of its workforce. We have heard many tech CEOs, entrepreneurs and business leaders talk about AI and should you move forward. Watch this video to learn how to upskill yourself and keep up with AI.
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Renjen and SAP had a “difference in perspective on the role,” the German company said in a statement late Sunday. Renjen was due to succeed SAP’s Hasso Plattner at the end of his term in May.
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Implementation of business AI technology and a volatile global macroeconomic landscape are the reasons SAP gave for the impact on its workforce
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According to SAP, Bawa will continue to serve in his current role through February during which time a new leader for SAP India will be announced
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This comes a month after the company rolled out a series of generative AI tools aimed at empowering developers, at SAP TechEd organised in Bengaluru.
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According to the doctrine, a non-signatory to an arbitration agreement could be made party to an arbitration dispute if they are a member the group of companies.
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For SAP, the Indian market is important, especially for research and development (R&D) as it provides a skilled workforce at a better cost, Bawa said
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This also follows the launch of SAP’s Joule, a natural-language, generative AI copilot, in September this year, that is embedded throughout SAP’s cloud enterprise portfolio.
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Under the partnership, LTIMindtree will play a pivotal role in supporting Infineon's SAP transformation endeavours, while enabling operational excellence and process efficiencies, the company said in a release
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The SAP CEO also said that generative AI will be able to take over some administrative tasks, such as business appointment management.
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A recent report by Stellaris Venture Partners and IFC said Indian SaaS startups that harness artificial intelligence (AI) could achieve $500-billion market value by 2030.
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SAP's SuccessFactors solutions will be integrated with Microsoft's 365 Copilot and Azure OpenAI Service to access language models and generate natural language, it added.
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The handover process from current Chairman Prof Dr h. c. mult. Hasso Plattner to Punit Renjen as the designated successor of the Chairman of the Board has started, SAP said. The election of Renjen, 61, was supported by 99.21 per cent of the shareholders.
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EU countries and EU lawmakers are working on the details of the Data Act, proposed by the European Commission last year before it can be adopted as legislation.
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As per the terms of engagement with the aftermarket division of ZF, Infosys implemented SAP IBP for demand planning and inventory optimisation for the German car parts maker and mobility specialist
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SAP will develop end-to-end core products in India and CEO Christian Klein said he expects the country to become an innovation hub for the company
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SAP's board nominated Renjen, global CEO of Deloitte from 2015 until the end of 2022, to stand for election as a new member of the supervisory board, the statement said.
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Our specially curated package of the most interesting articles to help you stay at the top of your game.
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With the planned job cuts, SAP joins other big tech companies including Microsoft and Amazon in turning to layoffs to cut costs.
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Through its Startup Accelerator, SAP Startup Studio the company has opened a new cohort batch for 2023 and will be helping around 10 startups for 12 months.
