AI has had a Cambrian explosion of new opportunities lately, and here’s another example. Last year, I gave a 35-minute keynote at the Portuguese SAP User Group (GUSP) annual congress, covering some of the top technology trends.
I just tried Summarizing to summarize the session, and the results are impressive! It provides both an overall summary and section-by-section description with direct video links to any part you’re interested in learning more about. I’m particularly impressed with how well it deals with product names and company names—with the only mistake I’ve seen so far: “Avan Grid” instead of “AvanGrid.”
In this video, Timo Elliott, an innovation evangelist for SAP, highlights three key opportunities for businesses using SAP technology: faster innovation, empowering business people, and moving from analytics to action. He explains how businesses can leverage AI and machine learning to turn anything into a sensor, detect patterns in new ways, and augment human intelligence. Elliott also stresses the importance of empowering employees by providing them with the necessary tools and information while maintaining a secure and compliant framework to avoid chaos. Additionally, he discussed how SAP’s suite of products can help organizations make sustainability actionable and profitable while balancing the planet in profitability and win-win situations.
00:00:00 In this part of the video, Timo Elliott, an innovation evangelist for SAP, discusses the new opportunities and how customers are using SAP technology to transform the way they do business. He focuses on three big opportunities: accelerating innovation, empowering business people, and moving from analysis to action. He explains that automation and innovation have become critical as the world experiences supply chain disruptions, inflation, extreme weather events, labor shortages and uncertainty. However, analysts say that 30% of digital transformation projects fail to deliver their expected results due to fragmentation in existing systems. To address this, there is a need for a digital business platform with a solid foundation of technology to enable agile and flexible innovation. SAP aims to offer both the reliability of a digital core and the speed of a speedboat to deliver quick returns in business. 00:05:00 In this section, Timo Elliott explains how the SAP Business Technology Platform can help companies innovate faster, citing the use of artificial intelligence algorithms to create realistic images based on details. He gives examples of how businesses are using AI to turn anything into a sensor and detect patterns in new ways, such as increasing power grid repair speeds by up to 30% in the case of Avan Grid. He also mentioned ASR Group using machine learning to optimize routes for sugar delivery to its 600 customers, reducing logistics costs. Overall, Elliott stresses the importance of connecting AI systems to SAP technology for production-ready business applications. 00:10:00 In this section, Timo Elliott discusses some examples of how artificial intelligence (AI) is being used to augment human intelligence within organizations. An example is a company that uses AI and machine learning models to predict the impact of weather and external economic data on its business. Predictions are displayed to business analysts using SAP Analytics Cloud, which allows for even better predictions because humans are still the most powerful technology in an organization. Another example is Mercedes-Benz, which used the SAP Cash application and machine learning to automatically match invoices with bank information, which led to a 58 percent increase in automated matching and saved significant time and money for the finance department. Cost saved. As more non-technical people join technology innovation, SAP is positioned to help your businesses become more intelligent by ensuring data is maintained, secure and compliant. 00:15:00 In this segment, Timo Elliott talks about how businesses can empower their employees to innovate more by providing them with the tools and information they need. He cited the example of a mobile application used by a zoo in Sydney that brings together all the information employees need, from HR data to emergency data. However, he also acknowledged that there is a risk of chaos if businesses give too much power to their employees. The solution, he said, is to provide the framework and Lego bricks, then let business users build on top of that framework in a secure and compliant way. He highlighted technologies such as SAP Data Warehouse Cloud, SAP Process Intelligence, and no-code business applications, enabling business people to build their own workflows and automate processes, allowing them to do business faster and more efficiently Can work 00:20:00 In this section, Timo Elliott discusses how the cloud has enabled businesses to bring technology into the data rather than the other way around, allowing analytics to be more tightly linked to business processes. He provides examples of companies such as Swiss Reinsurance Company and Friedenberg Home & Cleaning Solutions, which have successfully integrated SAP Analytics Cloud into their business processes, allowing employees to have all the necessary information at their fingertips and perform real-time scenario planning. Enabled is allowed. By doing so, businesses can turn analytics into action and see immediate results. Timo urges businesses to not only provide technology but help people adopt it and ensure it wins them over. 00:25:00 In this part, Timo Elliott discusses the benefits of new technologies such as Business Process Intelligence. He compares it to a scenario where a doctor advises a patient to undergo an MRI to diagnose a problem with their knee, which is a complex system. He explains how tools like Signavio can help business organizations diagnose problems and suggest solutions like a doctor. The tool can help organizations track variables that need improvement and make an ROI case for innovation. Timo also talks about sustainability and how companies can make a positive contribution to the environment by monitoring their carbon footprints. He advises companies to take responsibility for their energy use and work towards sustainability, citing examples of companies such as Walkers Crisps, which introduced carbon footprint labels on their products. 00:30:00 In this segment, Timo Elliott talks about real-world projects that leverage data and analytics for sustainability. He shares examples such as Walkers, a UK-based potato chip company, which was able to reduce waste and its carbon footprint by analyzing the end-to-end process of its potato production. He also mentioned the Intelligent Infrastructure Control Center in the UK, which uses machine learning to benchmark and monitor various transport projects, and a Turkish company that performed real-time carbon footprint calculations in Metaverse using SAP Analytics Cloud. . Elliot discussed how SAP’s suite of products can help organizations make sustainability actionable and profitable, as well as accelerate innovation through a robust platform and a guided, structured approach to business people Allows for more work to be done. 00:35:00 In this segment, Timo Elliott is seen discussing the concept of win-win situations where businesses can improve customer outcomes, increase profits, and at the same time make the world a better place. Can help you become He mentions that it is about balancing profitability and the planet and offers to help with innovation. Viewers appreciate him for his inspiring and useful examples.