Microsoft and SAP increasing investments in AI and cloud computing for enterprise software market

From Nasdaq: 2024-11-26 16:16:34

Microsoft and SAP are ramping up their investments in AI and cloud computing to solidify their position in the enterprise software market. Microsoft partners with NowVertical Group to establish a Global Center of Excellence for AI solutions, while SAP enhances its S/4HANA Cloud ERP with advanced AI features for sustainability and efficiency. Both companies aim to capture a growing market for intelligent enterprise solutions.

Microsoft focuses on predictive analytics and supply chain optimization with Azure, challenging AWS and Google Cloud. SAP’s AI modules cater to ESG goals, enabling carbon footprint tracking and resource management. The companies’ innovations in AI are driving cloud adoption among large-cap enterprises seeking operational intelligence and efficiency.

Continued investment in enterprise AI is projected to drive revenue growth for Microsoft and SAP, as they compete to expand their market share in cloud computing. Strategic partnerships are expected to drive the next wave of enterprise software innovation, as AI shapes the future of technology in the business landscape. Analysts anticipate significant advancements in the sector in the coming quarters.



Read more at Nasdaq: How Microsoft and SAP Are Shaping Enterprise AI