Global News of Significance

SAP launches Industry Knowledge Exchange to enable Technological Co-innovation

Global News of Significance

SAP launches Industry Knowledge Exchange to enable Technological Co-innovation

The industry-academia collaboration with factors like economic environment, structural reforms, and government initiatives is critical for organizations to thrive.

With the aim of bringing together expertise and perspectives from the larger ecosystem, SAP India has launched Industry Knowledge Exchange to drive the country’s inclusive digital transformation with sustainable development.

The company, regarded as one of the world leaders in enterprise application software and cloud solutions, has launched the exchange in collaboration with Amazon Web Services (AWS).

The exchange will bring together enterprises, consulting firms, and academia across 25 industries enabling technological co-innovation. There will be the presence of customers such as Maruti Suzuki India Limited, Chaayos, More Retail, Philips India, Bombay Shaving Company, Greaves Electric Mobility, etc.

The companies will be sharing best practices, and deliberate on regulatory policies to produce shared business value in order to accelerate growth, increase global competitiveness, and promote sustainability.

The three pillars of the Knowledge Exchange confluence as conceptualized:

  • Establishment of an industry board: Setting up an industry board for each sector will help in identifying sectoral challenges, shaping the industry agenda, and driving peer-to-peer engagement. The council will comprise academicians, business leaders, and innovation and technology partners.
  • Co-innovation with industries: Facilitating collaboration between multiple stakeholders within each industry ecosystem that will deliver value, drive cloud adoption, and assist start-ups and digital initiatives.
  • Improvement of regulatory and policy inputs: Capitalizing and leveraging inputs from industry bodies such as the Confederation of Indian Industries (CII), Indian Pharmaceutical Alliance (IPA), and Automotive Component Manufacturers Association (ACMA), etc. to ensure a conducive policy and regulatory framework.

The companies together will give momentum to and shape the future of their respective industries. The exchange will tap into mutual growth opportunities, expand networks, and fuel innovation to solve larger business challenges around emerging technologies, talent, and sustainability.

Source: SAP India

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