SAP to invest 2 billion dollars on Internet of Things (IoT) in next five year

SAP plans to invest up to 2 billion euros over five years to help business and government entities benefit from the proliferation of sensors, smart devices and Big Data that is transforming business with the Internet of Things (IoT). SAP plans to accelerate innovation in its IoT solution portfolio, increase sales and marketing, scale service, support and co-innovation, and grow its ecosystem.

“With billions of connected devices, we now have the potential to reshape society, the economy and the environment,” Bill McDermott, SAP CEO, said.

“SAP HANA is the data platform we knew would unlock the IoT. Today SAP is making another bold investment to help our customers seize the benefits of live business. Only SAP empowers businesses to innovate from the core to the edges to the networks.”

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