The overarching term "artificial intelligence (AI)" is a hub with many spokes. One of the most exciting of these from a business perspective is machine learning. As I explained in my first blog in the series, at its most basic, machine learning involves'teaching' a computer to learn and change when given a vast amount of data. The computer is not necessarily explicitly programmed for these changes, but instead learns to spot patterns and make connections. Therefore, the machine learns (get it?)
Following their success in data handling and processing to fuel the fire of Machine Learning, SAP has now jumped head long into the direct integration of Machine Learning in their tool through the launch of SAP CLEA. SAP CLEA is a recently launched Machine Learning Solution of SAP providing embedded intelligent systems on the SAP cloud platform with various applications involved. The focus is to drive business applications with smart algorithms and models for maneuvering unprecedented insights, be able to make better predictions and decisions and also automate the various routine redundant tasks while focusing on higher-value work. SAP CLEA is the first front of the future of SAP's Machine Learning systems which are to include several applications, tools and services, all developed in collaboration with and feedback from the various co-innovation customers across domains and regions.
In financial services, the near future will see a shift in power toward the customer. That was the general consensus among SAP and the bankers and insurers participating in the first SAP Next-Gen Boot Camp on Machine Learning in Financial Services, held at the SAP Innovation Center Potsdam last week.
As organizations look to become more agile in the age of digital business, one of the first issues they routinely encounter is how rigid their supply chains are. Most supply chains are designed to optimize the delivery of a handful of variations of a product at a time when customers are demanding more customization than ever.
Machine Learning is no longer a thing of the future. It's here now, and SAP is putting it in your hands. SAP Clea is a revolutionary new machine learning-enabled intelligence that allows new levels of automation and new ways of doing business. Incorporating Artificial Intelligence and Machine Learning into enterprise software opens the opportunity to simplify employees' everyday lives and to grow your business.