SAP Launches Industry Knowledge Exchange to Accelerate India’s Journey to ‘Amrit Kaal’
SAP India, the global leader in enterprise application software and cloud solutions, has announced the launch of SAP Industry Knowledge Exchange (SAP IKEX), aimed at accelerating India’s journey to “Amrit Kaal” and driving the inclusive digital transformation of the country with sustainable development.
Launched in collaboration with Amazon Web Services (AWS)the exchange will bring together companies, consulting firms and universities across 25 business sectors enable technology co-innovation, best practice sharing and regulatory policy deliberation to produce shared business value, accelerate growth, increase global competitiveness and promote sustainability. The flavor of the initiative will be the presence of brand clients such as Maruti Suzuki India Limited, Chaayos, More Retail, Philips India, Bombay Shaving Company, Greaves Electric Mobility, etc.
“Organizations and their business leaders have the power to create momentum and shape the future of their respective industries. We want to enable businesses to create business networks that allow diverse industries to interact and achieve uniform growth across the entire value chain,” said Kulmeet Bawa, President and Managing Director, SAP Indian Subcontinent. “With the industry Knowledge exchange platform our goal is to empower Indian businesses to promote growth and business continuity while gathering relevant information in real time to be ready for possible disruptions. This initiative will have a major impact on the evolution of India in the next 25 years of Amrit Kaal.
The Confluence of Knowledge Exchange is based on the following 3 pillars:
Creation of an industry council: Establishing an industry council for each sector will help identify sector challenges, shape the industry agenda and drive peer-to-peer engagement. The council will include academics, business leaders, and innovation and technology partners.
Co-innovation with manufacturers: Facilitate multi-stakeholder collaboration within each industry ecosystem that will drive value, drive cloud adoption, and help start-ups and digital natives.
Improved regulatory and policy inputs: Capitalize and Leverage Inputs industry bodies such as the Confederation of Indian Industry (CII), Indian Pharmaceutical Alliance (IPA) and Automotive Component Manufacturers Association (ACMA), etc. to ensure an enabling policy and regulatory framework.
Commenting on the collaboration, Puneet Chandok, President, Commercial Business, AWS India and South Asia, Amazon Internet Services, said: “While a favorable economic environment, structural reforms and government initiatives are necessary for businesses to thrive, industry-academia collaborations are equally essential for organizations to thrive, regardless of sector and size. . By bringing together the expertise and insights of a broader ecosystem, companies can leverage opportunities for mutual growth, expand their networks and fuel innovation to solve larger business challenges around emerging technologies, talent and innovation. sustainability. Our collaboration with SAP will maximize business value across all industries by accelerating their digital transformation and helping them be ready for the future.
The first edition of IKEX in 2022 will see the meeting of eminent business leaders from five industries – consumer, life sciences, automotive, manufacturing, start-ups and unicorn companies – and will gradually expand to include the remaining industries.