Through digitalization and the Internet of Things (IoT), data from products and business processes is being merged across companies.
This in turn is enabling innovative new products and services as supplements to existing business models and thereby facilitating further enterprise growth.
Products are thus becoming digital and intelligent. In this context, one also refers to “cyber-physical systems”.
The objective here is to achieve full connectivity between physical and virtual objects, along with the involved business partners, via the SAP Business Technology Platform.