SAP SE (NYSE: SAP) has announced the release of two new Internet of Things (IoT) solutions, namely the SAP Dynamic Edge Processing server and SAP Connected Goods software.
These two IoT solutions enable SAP customers to link large volumes of real-time sensor data and IoT devices for better business outcomes, including greater insight and visibility, improved revenue opportunities and reduced bandwidth costs.
“With these new IoT solutions, we are enabling a new level of business innovation and operational value from IoT devices practically anywhere, on a mass-market scale, across industries,” said Tanja Rueckert, executive vice president, Digital Assets and IoT, SAP. “By extending SAP’s digital core and processing capabilities to the intelligent edge, where device sensor data originates, enterprises can minimize latency, enhance operational efficiency and accelerate decision making to optimize data-driven insights.”
SAP Connected Goods
According to trade associations, the number of vending machines estimated to exceed 3.74 million across Europe alone, with revenue potential and assets worth billions of euros. So, with such staggering numbers, companies cannot manage to pay for the costly expense of missed revenue opportunities, lost sales or dissatisfied customers caused by inoperable, underutilized, or misplaced devices.
SAP Connected Goods, a cloud-based solution, is provided on SAP HANA Cloud Platform that is devised to increase the value of mass-market devices, like vending machines, power tools or coolers, through management, central control and remote monitoring. By helping ensure proper storage and adequate stock levels, it enhances device availability, performance and utilization. SAP Connected Goods relies on rule-based alerts for replacement of goods, recognizes applicable device trends and usage patterns, and produces customized dashboards with fitted integration to the SAP BusinessObjects™ Cloud solution. It tackles a wide variety of mass-market devices in different outlets that range from gas stations to pharmacies, retail stores and constructions sites, and allows alternative business models like product-as-a-service (PaaS) to draw new consumers based on consumer behavior insights and product usage preferences.
SAP Dynamic Edge Processing
Data is rapidly growing among the billions of smart devices that link people, things and information in the digital enterprise. Therefore, companies face volumes that can strongly affect network bandwidth required to transmit the data back to the main processing centers. The most efficient way to cut transmission costs, and at the same time, maintain the value of real-time insights is to handle more data at the edge, where devices reside outside the data center.
SAP Dynamic Edge Processing leverages a secure, managed IoT platform to connect physical “things” with the business world. It enhances real-time IoT decision making at the intelligent edge, and improves operations by making edge assets, and increases the efficiency of workers. Additionally, the solution filters the most crucial data that have to be transported to the main IoT system while managing other data locally. SAP Dynamic Edge Processing can combine syncing architecture, optimized database technology and algorithms with features for offline operation, device connectivity and onboarding, local application platforms, local storage, immediate response and data reduction.
When both SAP Dynamic Edge Processing and SAP Connected Goods are implemented together, they can improve the efficiency of operations by sharing the processing of data between the edge and the centralized cloud solution. SAP Dynamic Edge Processing’s ability to assess incoming data, handle business rules at the edge and produce immediate follow-up actions can reduce the overall network traffic and enhance the quality of data.
When implemented together, SAP Connected Goods and SAP Dynamic Edge Processing enhance operational efficiency by distributing the processing of data between the edge and the centralized cloud solution. The ability to analyze incoming data, run business rules at the edge and trigger immediate follow-up actions with SAP Dynamic Edge Processing reduces the overall network traffic and improves the quality of data that is transmitted for processing by SAP Connected Goods, and hence enables improved device monitoring.