It is clear that AI is shaping the future, and it is also one of the reasons for the layoffs. In a candid interview, SAP CFO Dominik Asam shares his brutal views on AI recruitment. In an interview with Dominik Asam's Business Insider, Chief Financial Officer of SAP, he said that AI is essentially reshaping how Europe's most valuable software companies operate.
AI as a personal and corporate tool
Speaking to Business Insider, Asam agreed that he himself was a “large user” of AI tools in his work. ASAM said it often uses AI tools to prepare presentations and uses confusion to extract data on market trends. One question revealed that 28% of the MSCI World Index is now made up of IT companies that are far ahead of banking and financial services. Another showed that nine of the world's 10 largest companies by market capitalization are high-tech companies, highlighting his frequently repeated mantra, “software is eating the world.””
Within SAP: Back office and coding automation
ASAM also revealed that within SAP AI is deployed across back-office operations and software engineering. He said thousands of employees in the management unit are looking at automated tasks. Here, over 30,000 developers use AI tools to accelerate coding and output.In addition to this, ASAM also opposes investors' concerns that AI can allow customers to bypass SAP and create their own software. “Will it become a less-than-fulfilled software division of an industrial conglomerate that utilizes AI tools? He asked.
Increased productivity, fewer people
Speaking to Bi, Asam also revealed the meaning of AI for SAP. ASAM said SAP could offer more with the same number of engineers. “There's simply automation. There's a specific task that's automated and you can afford to have fewer people for the same amount of output,” he said. ASAM also said the approach is part of SAP's five-year plan and is designed to increase productivity and profit margins.
Catalyst or Catastrophe
ASAM also feels that AI is both an opportunity and a risk. “I'm going to be brutal. And I say this internally. For SAP and other software companies, AI is a great catalyst. It's either a great or a catastrophe.
