DataRobot, a leading AI provider, has unveiled new AI application suites tailored specifically for finance and supply chain operations, in collaboration with SAP. This exciting announcement marks another step in their partnership aimed at making AI easier to integrate into various business environments.
Powerful Integration for Business Success
The newly launched AI application suites are designed to seamlessly fit into existing customer operations and enhance business processes. With these suites, teams can swiftly and securely tap into their business data, speeding up the delivery of AI solutions exactly where and how users need them.
“We are thrilled to broaden our partnership with SAP as an AI partner. Together, we’re tackling the most pressing challenges faced by AI teams: crafting valuable AI use cases for different business roles and ensuring quick integration into business workflows,” said Venky Veeraraghavan, Chief Product Officer at DataRobot. “These AI application suites for SAP come with built-in business logic, AI capabilities, observability, governance, and deployment frameworks, allowing AI teams to dedicate more time to fine-tuning and personalizing applications for their specific needs.”
DataRobot’s AI application suites leverage the extensive SAP business context. Fully customizable while being pre-built and pre-configured, they allow businesses to harness AI capabilities without the need for additional infrastructure or resource-intensive development processes.
“Expanding our partnership with DataRobot means SAP customers can access innovative AI-powered insight applications across various industries and departments. This collaboration allows for rapid AI adoption, improved decision-making, optimized operations, and large-scale business transformation,” stated Irfan Khan, President and Chief Product Officer for SAP Data and Analytics. “Together, we are empowering organizations to accelerate their AI journeys and achieve meaningful business outcomes with our enterprise-grade AI solutions.”
Unlocking Finance with AI
The Finance AI Application Suite enables finance professionals to leverage data from SAP S/4HANA and SAP Analytics Cloud, applying advanced AI capabilities to gain real-time financial insights that support better forecasting, enhanced profitability, and reduced risks.
This suite includes valuable AI apps such as:
- Cash Flow Management
- Revenue Forecasting
- Fraud and Anomaly Detection
- Budget and Cost Variance Analysis
Ray Fager, Chief Data and Analytics Officer at King’s Hawaiian, shared their experience: “We used to forecast just once a year with minimal monthly updates. Now, we’re constantly re-forecasting based on DataRobot’s insights, achieving 96 percent accuracy. This greatly informs our production planning and finance operations.”
Optimizing Supply Chain and Operations
The Supply Chain and Operations AI Application Suite for SAP integrates data from SAP IBP, SAP Ariba, and SAP S/4HANA to enhance critical operations such as demand planning, lead time estimation, workforce planning, and inventory management. This capability is essential for businesses looking to minimize stockouts, streamline logistics, and align production with market demand.
The suite comprises AI applications that cover:
- Demand Planning
- Lead Time Estimation and Late Shipments
- Workforce Planning
- Inventory Management
Harnessing the Power of SAP Business Data Cloud
In tandem with these developments, SAP has rolled out the SAP Business Data Cloud solution, a fully managed SaaS offering aimed at unifying and governing data and analytics. DataRobot is proud to be one of the first partners to deliver insightful applications on this platform, leveraging its core services to enhance decision-making for SAP customers across the board.
The AI applications from DataRobot act as vital tools for creating insightful apps tailored to specific industries and business needs, addressing the growing demand for effective data utilization in AI development.
Moreover, recognizing the urgent need for powerful data solutions, SAP has partnered with Databricks to establish SAP Databricks. This innovative platform promises to take data warehousing, engineering, and AI capabilities to the next level.
The AI Buzz Hub team is excited to see where these breakthroughs take us. Want to stay in the loop on all things AI? Subscribe to our newsletter or share this article with your fellow enthusiasts.