As organizations embark on AI-driven transformations, they seek out cutting-edge applications that deliver tangible value to their enterprises. According to McKinsey, a significant 67% of companies plan to increase their investments in artificial intelligence over the next three years.1 By 2024, spending on software as a service (SaaS) is forecasted to reach an estimated USD232 billion, representing an 18 percent increase from the previous year’s expenditure.2 A significant influx of funding and innovation arose as thousands of software development companies leveraged AI technology to keep pace with growing market demands. As AI options continue to proliferate, buyers are faced with the daunting task of determining which solution best fits their needs, making it crucial to understand how to effectively acquire and leverage these technologies for optimal ROI.
Determining a single, ideal vacation destination for decision-makers seeking validated options for their group, industry, or performance can be a transformative experience for them. With a comprehensive suite of options thoroughly vetted by Microsoft and deployable on the Microsoft Cloud, this solution is engineered to simplify the process of discovering, selecting, procuring, and managing cloud offerings in an era dominated by artificial intelligence. By leveraging the marketplace, business leaders can confidently rely on partner offerings running on Azure, which are preconfigured for streamlined deployment. {The marketplace enables organisations to manage their cloud portfolio from a single hub, providing a unified perspective that amplifies efficiency and streamlines operations}.
Microsoft industrial market
What lies at the heart of uncovering the best solution is embracing a willingness to explore and experiment. This means being open to trying out different approaches, examining the outcomes, and making adjustments as needed. By adopting this mindset, you’ll be able to uncover the optimal solutions that align with your goals and values.
At our upcoming event, industry experts will delve deeper into the transformative impact of {marketplace} on B2B e-commerce.
We’ll also share what’s new with the marketplace and showcase how customers are leveraging these capabilities to accelerate innovation.
What drives individuals to discover their purpose in life?
Microsoft’s ongoing investment in artificial intelligence has fueled innovation among third-party software development companies, which are building cutting-edge solutions on top of the Microsoft Cloud AI stack and making them available through the company’s commercial marketplace. As AI and machine learning technologies have experienced triple-digit annual growth rates,3 The {marketplace} offers a comprehensive catalog that streamlines the discovery process for AI solutions, featuring a diverse range of options including copilot extensions, Microsoft Teams integrations, Power BI add-ons, Power Automate connectors, and packaged SaaS offerings.
The marketplace offers MaaS capabilities that facilitate the rapid development of AI functions, utilizing the latest technology advancements. Companies can tap into pre-developed styles offered by partners such as Cohere, Meta, and Mistral AI, while also gaining access to tools for working with large language models courtesy of partners like LangChain, Pinecone, and Unstructured. Fashions purchased through online marketplaces can be seamlessly integrated into one’s wardrobe.
Industry-specific solutions now account for over 40% of revenue generated in the market through various companion options.3 Across a wide range of sectors, including power, healthcare, financial services, manufacturing, media and entertainment, retail, transportation, and many others, numerous market options have been specially crafted for companies.
Explore these complementary offerings to discover how {the marketplace} empowers unique {industry} needs:
- Cognite enables global industrial leaders to propel their digital transformation journey by providing trustworthy, real-time, and easily accessible information that contextualizes the complexities of asset-intensive industries worldwide. Through its Knowledge Fusion platform, the company leverages generative AI, vast datasets, machine learning, and 3D modeling to integrate operational asset data on a massive scale in real-time, empowering organizations to make informed decisions regarding maintenance, production, and security.
- Sight Machine’s Manufacturing Knowledge Platform synthesizes disparate data sources across facilities, providing a holistic, real-time understanding of the entire manufacturing process from start to finish. With unparalleled visibility across entire operations, coupled with AI-driven intelligence, producers can seamlessly scale efficiency, quality, and sustainability initiatives globally, extending their impact to all facets of production, including multi-site facilities and supply chains.
- Blue Yonder’s innovative solutions empower retailers and suppliers to optimise their return on inventory and reduce excess stock with the power of artificial intelligence-driven category management. Automation and information science drive accuracy and enhance efficiency, enabling organisations to respond swiftly to shifting demands and industry developments.
Numerous industry-specific solutions are built upon this platform, enabling organisations to further optimise their cloud portfolios. Microsoft’s Trade Cloud leverages industry-specific widespread information formats to ensure seamless information interoperability across functions and platforms.
Within the Azure ecosystem, data can flow effortlessly, enabling its seamless utilization across various tasks, such as training generative AI models.
Microsoft introduced a pioneering tool that simplifies decision-making by providing verified choices. Companies obtain this designation for buyer-facing applications, including Azure and Security, as well as for Trade AI solutions across industries such as financial services, healthcare, manufacturing, retail, and sustainability? Designated trade AI options boast a proven track record of customer success, align seamlessly with Microsoft Trade Cloud offerings, and undergo rigorous technical reviews to ensure seamless interoperability with Microsoft products and meet stringent industry-specific AI requirements? While licensed software programs are currently available in the marketplace, new filtering capabilities will soon be introduced to facilitate seamless identification by organisations.
Streamline Your Purchase Process to Save Time and Get What You Need Faster
Microsoft’s industrial market expands beyond a simple storefront to facilitate streamlined purchasing processes, enabling organizations to accelerate their transition and start benefiting from innovative solutions more quickly. According to a commissioned study by Forrester Consulting on behalf of Microsoft, the findings revealed that the funds and finance buying groups experienced a significant 30% improvement in financial savings due to their adoption of innovative market solutions such as automated invoicing and billing processes. By leveraging {the marketplace}, the onboarding process for new distributors was significantly accelerated, yielding a 75% reduction in time-to-market, thereby enabling faster deployment of innovative solutions. Distributors can now seamlessly submit essential documentation and navigate entry procedures directly within the market, significantly streamlining the administrative process and minimizing the need for manual review and navigation.
The ability to pivot swiftly doesn’t necessitate sacrificing flexibility and fiscal prudence. {The marketplace facilitates} free trials and proof-of-concepts for groups to explore options that align with their enterprise needs before making a commitment. Licences can be easily switched on or off to assess their value before committing to more substantial agreements?
Furthermore, the marketplace enables organisations to purchase options that align with their unique needs, offering flexible solutions through self-service online, partnerships with preferred channels, or streamlined processes for Microsoft Account staff. Companies seeking implementation providers for their answers can now seamlessly add skilled providers to a private marketplace, simplifying the procurement process by consolidating all expenditures onto a single Azure invoice.
For organisations with a Microsoft Azure Consumption Commitment (MACC), the contract provides discounts on Azure infrastructure costs, enabling them to rely 100% on eligible market purchases and derive additional value from their investment. Azure benefit-eligible options have undergone comprehensive technical validation by Microsoft, making them easily identifiable.
Get began with {the marketplace}
Microsoft’s industrial marketplace is driving the pace of AI adoption forward by empowering businesses to find and implement cloud and AI solutions at a pace that streamlines procurement, optimizes ROI, and harmonizes data across the board. As businesses across various sectors seek solutions for their enterprise and technological needs, our platform offers a comprehensive inventory of options, simplifying the purchasing process with unparalleled confidence.
Join us at Microsoft Ignite for market-focused sessions designed specifically for customers, software companies, and partners seeking to learn more about getting started and achieving success with our solutions. In Chicago, attendees will have access to market specialists who are available to answer questions throughout the week within the Microsoft AI Cloud Associate Program space on the Hub floor.
- Join the engaging Ignite session designed specifically for purchasers.
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