How can high tech companies capitalize on the trend toward the service-based economy – evolving their business models from realizing profit on physical goods to revenues derived from the outcomes? How can they play a proactive part in a sustainable future and the circular economy, recycling raw materials and retrofitting eco-friendly production sites, while still developing high-quality products? How can they proceed cost-effectively, maximizing existing investments and avoiding a one-size-fits-all approach that doesn’t directly address their individual requirements?

 

Supporting Reimagined Business Models with Co-Innovation

 

The obvious answer, of course, is advanced technology – and the better answer is advanced technology from SAP and our partners. SAP has been providing solutions for high tech companies for almost five decades, from design innovation and portfolio management to product lifecycle costing and strategic sourcing. Always looking forward as industry leaders, we are currently embarked on an initiative geared for semiconductor producers to enable the complete factory, from front-end fabrication to back-end processing.

 

Our partner ecosystem will be key to bringing this concept to fruition. Partners and customers alike are intrinsic stakeholders in SAP’s industry cloud, which is opening the doors for a new level of co-innovation. Launched in 2020 and building momentum ever since, industry cloud is essentially an innovation space where customers and partners are building and integrating cloud solutions to address specific industry needs. These solutions are enabling next practices and new business models that can help you capture opportunities and take the next step toward becoming an Intelligent Enterprise. With SAP Business Technology Platform as the foundation, industry cloud solutions work with and extend our intelligent suite and business network solutions, since they share underlying elements such as a common data model. This makes for smoother processes and simplified IT.

 

Addressing Specific Industry Challenges with SAP and Partner Solutions

 

A wide range of industry cloud solutions from SAP and partners are available on SAP Store, where you can try, buy, and be up and running faster than ever before possible. And you can be confident in partner solutions that are rigorously validated by SAP for quality and interoperability, with a similar look and feel for usability and fast adoption.

 

Here are just a few examples of industry cloud solutions for high tech that you can find on SAP Store.

 

Enterprise Workforce Optimization Platform by ProFinda Limited. Incubated by SAP.iO, this solution uses AI to match work priorities and programs with workforce capabilities, helping drive productivity and supporting enterprise strategy and employee development. Organizations can use a single platform for the end-to-end resource management process.

 

CodeMeter EMS Connector by Wibu-Systems AG. Managing customer entitlements and licenses is central to service monetization. This solution integrates with SAP Entitlement Management to automate these processes. It supports a comprehensive range of license models that can be associated with hardware, software, or cloud-based license containers.

 

TeamViewer Frontline Augmented Reality. This solution integrates with SAP Field Service Management to optimize machine uptime and shop-floor productivity. You can reduce inspection time and increase accuracy by empowering service and maintenance technicians with intuitive augmented reality instructions on their smart glasses.

 

SAP Quality Issue Resolution. Collaboration between quality engineers and external suppliers can resolve issues with defects quickly and keep production processes moving. This collaboration hub uses 8D methodology and predefined process steps to determine root causes and define immediate corrective and preventive actions. The solution is fully integrated with SAP Quality Management.

 

SAP Subscription Billing. Monetizing digital services is the top benefit of this solution – from defining products and rate plans through automated billing. Key to monetizing services is simplifying and harmonizing sales and payment processes to create a faster, more effective experience, and the ability to adapt products and personalize offers.

 

You can find the full list of industry cloud solutions from SAP and our partners for high tech on SAP Store here, many available for a demo or free trial.