SAP says significant advancements in Business AI aimed at increasing business productivity by up to 30 percent

SAP a global leader in enterprise applications with a market capitalization of $349.6 billion and a commanding 73.63% gross profit margin, announced at its annual SAP Sapphire conference significant advancements in Business AI aimed at increasing business productivity by up to 30 percent.

According to InvestingPro data, SAP maintains its position as a prominent player in the Software industry, demonstrating strong momentum with a 53.93% return over the past year. The company introduced a suite of innovations, including the expansion of its AI assistant Joule, a collaboration with AI-powered answer engine company Perplexity, and a partnership with Palantir to support cloud migration and modernization efforts.

SAP’s generative AI assistant, Joule, now offers a more ubiquitous presence, capable of providing personalized assistance across SAP applications to enhance data accessibility and workflow efficiency. The new action bar, powered by WalkMe, allows Joule to anticipate user needs proactively by analyzing behavior across applications. This expansion is grounded in SAP’s commitment to ethical AI guidelines.

In partnership with Perplexity, Joule has improved its ability to derive insights from both structured and unstructured data, offering visual answers such as charts and graphs within SAP workflows. The partnership aims to enable users to make informed decisions based on a combination of current events and company-specific business data.

SAP has also launched AI Foundation, an operating system for AI development that streamlines the building, deploying, and scaling of AI solutions. A new prompt optimizer, developed with frontier AI lab Not Diamond, is included to assist developers in creating effective AI prompts more efficiently.

Furthermore, SAP Business Data Cloud has unveiled new intelligent applications tailored to specific business lines. These applications leverage business-critical data to learn continuously, simulate outcomes, and guide decisions to optimize processes and anticipate needs.

The collaboration with Palantir is designed to ease joint customers’ transition to the cloud, with seamless integration between Palantir and SAP Business Data Cloud enabling a unified data foundation. This strategic move aligns with SAP’s growth trajectory, as InvestingPro data shows the company achieving 10.51% revenue growth in the last twelve months. For deeper insights into SAP’s financial health and growth potential, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro, covering over 1,400 top stocks with actionable intelligence.

SAP also highlighted new SAP Business Suite packages that simplify the adoption of cloud solutions and SAP Build, which allows organizations to customize applications. A new cloud transition solution featuring Joule offers personalized guidance to achieve faster time to value.

This information is based on a press release statement from SAP SE. The company’s stock currently trades near its 52-week high of $303.39, reflecting strong market confidence. InvestingPro analysis indicates that SAP is currently trading above its Fair Value, with 12 additional ProTips available to subscribers, offering crucial insights for investors considering their position in this technology leader.