-By ArdorComm News Network
September 18, 2023
SAP Labs India, a branch of the renowned German software company SAP, has ambitious plans to double its workforce in India by 2024, with a specific focus on expanding its AI talent pool. This strategic move is driven by the evolving demands of the business landscape. SAP’s largest global research and development centre, based in Bengaluru, is poised to become the epicentre of the company’s AI advancements.
The company is committed to offering readily accessible AI, seamlessly integrated into SAP applications that underpin critical business operations. To achieve this, SAP will bolster its AI capabilities through a combination of new hires and upskilling its current workforce. Presently, the Indian facility houses 15,000 staff members. Additionally, SAP is actively preparing for the launch of its second development centre in Devanahalli, Bengaluru, slated for early 2025.
SAP’s AI solutions are deeply embedded in systems that drive essential business processes for customers. They collaborate with users to unearth valuable insights and efficiencies, thereby elevating their knowledge and overall value to their businesses. India is one of SAP’s five pivotal locations, with offices in Pune, Mumbai, Gurugram, Hyderabad, and Bengaluru.
While India currently leads in terms of AI skill adoption and boasts a substantial concentration of AI experts, ranking fifth globally in AI research publications, a study by Nasscom in February highlighted this fact. Another study conducted by the Indian Institute of Management Ahmedabad (IIM-A) and Boston Consulting Group (BCG) in July emphasized India’s need for approximately 25,000 to 30,000 AI-ML specialists in the next five years.