SAP AG (SAP - Free Report) recently unveiled its two most recent initiatives. SAP launched a new platform for students and academicians to promote research and co-innovation using SAP HANA. Apart from this, the company’s previously announced SAP Fashion Management application is now being implemented by leading fashion merchants like Giorgio Armani and Luxottica.
The SAP HANA database is an in-memory database that combines transactional data processing, analytical data processing and application logic processing functionality in memory. Moreover, HANA cloud subscription allows the companies to leverage on their entities without any upfront capital expenditure and hence is likely to be a primary driver for the company going forward.
SAP’s program for the academia will be beneficial to researchers and students from diverse arena including computer science, artificial intelligence, healthcare, national security, environmental sciences and smart cities among others. This platform will not only give a competitive edge to the researchers but will also foster growth and innovation harnessing the potential of the real time insights provided by this platform.
The program will be available to universities and non-profit research institutions across the globe starting from Europe, the Middle East and Africa (EMEA) regions. These institutions will get more privileges from SAP in the upcoming phases of the program.
SAP Fashion Management is a vertical solutions platform that integrates different stages like wholesale, manufacturing and retail solutions. This solution is designed to bring all the business operations on a single platform to optimize efficiency. This application will also be using the SAP HANA platform. Fashion majors that have started using the application are now in the process of transforming their operating systems and are likely to reap the benefits once they receive crucial insight into global data.
SAP currently has a Zacks Rank #3 (Hold). Other stocks that can be considered at the moment include Blackbaud Inc. (BLKB - Free Report) , Manhattan Associates, Inc. (MANH - Free Report) and Citrix Systems, Inc. (CTXS - Free Report) . All three stocks carry a Zacks Rank #1 (Strong Buy).