“Daivergent will be a way for us to go and attract a talent pool that we don’t have right now. It’s more than social good, it’s business good.”Deepak Krishnamurthy, EVP & Chief Strategy Officer, SAP
Innovation is a fundamental part of our DNA at SAP. On May 16–18 at Viva Technology in Paris, “the world’s rendezvous for startups & leaders”, SAP will once again demonstrate its bona fides as a world-wide leader for innovation, when we host 25 startups from the SAP.iO Fund and Foundry portfolios, of which 8 are international.
In the United States, 40% of the labor force is employed in hourly wage jobs earning less than $20 an hour. Although these jobs are the foundation of our economy, employers often face high turnover, reaching 100% annually. There is a clear disconnect in how hourly job candidates are being assessed and hired, leading to high job drop-out. This was a problem that seemed ripe for a technological and data-driven solution for the founders of StellarEmploy. StellarEmploy replaces traditional resume and screening questions with a mobile friendly survey that uncovers workers’ underlying preferences.
With StellarEmploy’s survey with 50 questions and an average completion time of 15 minutes, employers can learn applicants’ preference for teamwork compared to solo work, or multi-tasking compared to a more focused work environment. This enables them to understand the prominent characteristics of their workplace and different hourly job categories, all based on empirical data. Now, instead of just crossing their fingers and hoping a new hire stays past the critical 90 day mark, they have the raw materials to understand why a majority of workers fail to engage or perform in the first month.
SAP Customer Experience has closely collaborated with start-ups over the past year, which showed an enormous acceleration in innovation and gave selected SAP CX teams the agility and speed to increase the output of new product pilots significantly. One example is digital search. SAP Customer Experience Labs developed a prototype, called FashionLabs, which allows consumers to take a picture of an item of clothing and then, through visual analysis, shows them similar garments. The IP (intellectual property) for the visual search component in this prototype doesn’t come from SAP, but from a startup (Syte.ai).
For more than 20 years, Moritz Zimmermann has been an entrepreneur. He helped found Hybris (an omnichannel ecommerce company, acquired by SAP in 2013 for $1.4B USD) right out of university and is a self-professed lover of new technology and the startup culture. Now as Chief Technology Officer for SAP’s Customer Experience business unit and responsible for developing the SAP C/4HANA CRM suite, he’s helping to nurture an innovation ecosystem that will compliment and extend the reach of the suite. With support from Moritz’s team, SAP will open a new startup accelerator in Munich, Germany on May 14 that will invest in young companies focused on customer-experience. The center is part of the SAP.iO Foundries, an SAP-run accelerator which invests in early-stage enterprise startups and has locations in Berlin, New York, San Francisco, Paris and Tel Aviv.
The SAP CX Live conference is coming up in just a few days in Orlando and a lot of exciting things are planned for the show. One of the things I’m most excited about is the Startups Area which will feature a few of the innovative startups that are part of the “innovation ecosystem” that complements and extends our SAP CX solutions.
SAP, leader du marché des logiciels d’application d’entreprises, rencontre la startup française Energiency en 2017. La jeune pépite, spécialisée dans l’optimisation de la consommation énergétique des grands groupes industriels, rejoint le programme d’accélération SAP.iO Foundry à Paris à la suite de VivaTech 2018. À l’issu de son incubation, ses solutions sont intégrées aux modules SAP.
When we officially launched the SAP.iO Fund & Foundries in March of 2017, we were taking a bet that we could help “kick-start” an early-stage ecosystem comprised of great startups who could deliver value to our customers. We also realized we needed to find a new way to address the pains they consistently cited.
Germany-based software firm SAP has started the selection process for the first batch of participants in its SAP.iO Foundry Singapore, an initiative aimed at helping early-stage Southeast Asian startups focused on technologies such as machine learning and blockchain.
Once upon a time, the startup vs. big company story was like that of David and Goliath. The large company, comfortable in its market dominance, only to be upset by the agile, hungry, underdog startup who used its lowly position to have an ear closer to the ground of innovation. The managing Director of SAP.iO had the privilege of helping to direct a different story: that of the mouse and the lion realized how their unique strengths and sizes can complement each other.
Verusen launched its pioneering cloud platform at the “Salute to Digital Innovation and Intelligence in the Supply Chain” event. Verusen is a SAP.iO company that provides artificial intelligence to harmonize and provide visibility into materials inventory data from ERP and other systems
European multinational SAP SE is opening an accelerator program in Tel Aviv designed to support early-stage startups building innovative software, the software corporation said in a statement. The 12-week program, dubbed SAP.iO Foundry, will start in July 2019 and will work with 10 startups “focused on deep technology and the intelligent enterprise to deliver incremental value to SAP’s customers,” the company said.