Market Overview

SAP to Develop Intelligent Transportation Systems in China

SAP AG (NYSE: SAP) plans to enter into a strategic cooperation with the Chinese government on the development of intelligent transportation systems to help manage traffic in China's fast-growing urban areas over the coming decades. SAP and the Chinese High-Way Group plan to enter into broad collaboration for research on integrated solutions for transportation communications and the development of intelligent traffic management systems leveraging advanced software solutions from SAP for big data powered by the SAP HANA® platform, cloud computing and mobile computing. Gerd Oswald, member of the Executive Board of SAP AG, agreed to further evaluate a respective collaboration in Berlin with China's Premier Li Keqiang during his visit to Germany.

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"Urbanization is one of the biggest challenges for China with more than 400 million people expected to be added to China's urban population by 2025," said Oswald. "The intelligent management of public transportation is critical for sustainable economic growth and the long-term socioeconomic development in China. We are very delighted about our strategic collaboration plans with the Chinese

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Posted-In: News Guidance Contracts Management Global

 

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