As organizations embrace AI transformation, they’re trying to find next-generation purposes that ship actual enterprise worth. McKinsey estimates that 67% of organizations will make investments extra in AI over the following three years.1 And software program as a service (SaaS) spend is estimated to hit USD232 billion in 2024, up 18% from the prior 12 months.2 There was a comparable surge in funding and innovation from 1000’s of software program growth corporations constructing with AI know-how and seeking to meet market demand. The proliferation of AI options means it may be difficult for purchasers to know what to purchase and learn how to purchase it to get essentially the most out of their AI and cloud investments.
Figuring out a single vacation spot for resolution makers to seek out validated options for his or her group, {industry}, or operate is a game-changer for them. With a complete set of options vetted by Microsoft and able to deploy on the Microsoft Cloud, the Microsoft industrial market is designed to make it simpler for organizations to find, strive, buy, and handle their cloud options within the period of AI. By consolidating purchases by {the marketplace}, enterprise leaders can trust that associate options run on Azure and are preconfigured to deploy seamlessly. {The marketplace} permits organizations to handle their cloud portfolio in a single place with a centralized view, serving to to extend effectivity.
Microsoft industrial market
Uncover a neater technique to discover the options you want
At Microsoft Ignite 2024, specialists will dive additional into how {the marketplace} is remodeling B2B commerce. We’ll additionally share what’s new with {the marketplace} and present how prospects are utilizing these capabilities to innovate quicker.
Discover the appropriate resolution with confidence
As Microsoft continues to spend money on AI, extra software program growth corporations are constructing revolutionary options on the Microsoft Cloud AI stack and publishing them to the Microsoft industrial market. With triple-digit annualized progress in AI and machine studying affords printed,3 {the marketplace} affords a sturdy catalog that simplifies discovery of AI options comparable to copilot extensions, Microsoft Groups and Energy BI plug-ins, Energy Automate connectors, packaged SaaS purposes, and extra.
{The marketplace} additionally gives fashions as a service (MaaS) to assist construct AI purposes quicker and with the newest know-how. Organizations can discover leading edge, ready-to-use fashions from companions like Cohere, Meta, and Mistral AI, in addition to get the instruments to work with massive language fashions from companions like LangChain, Pinecone, and Unstructured. Fashions bought by {the marketplace} might be deployed straight in Azure AI Studio.
There are additionally a rising variety of industry-specific options, which immediately comprise greater than 40% of associate income by {the marketplace}.3 1000’s of market options are tailor-made to companies in power, healthcare, monetary companies, manufacturing, media and leisure, retail, transportation, and different industries.
Take a look at these associate options to see how {the marketplace} can assist distinctive {industry} wants:
- Vitality—Cognite Information Fusion: Cognite empowers industrial corporations with contextualized, reliable, and accessible knowledge to assist drive the full-scale digital transformation of asset-heavy industries world wide. Their Information Fusion platform, which makes use of generative AI, massive knowledge, machine studying, and 3D modeling, contextualizes operational asset knowledge at scale in real-time, enabling corporations to make higher selections about upkeep, manufacturing, and security.
- Manufacturing—Sight Machine on Azure: Sight Machine’s Manufacturing Information Platform creates a standard knowledge basis by capturing and contextualizing knowledge from your complete manufacturing unit to ship a systemwide view of the end-to-end manufacturing course of. With systemwide visibility and AI-powered insights, producers can scale optimum effectivity, high quality, and sustainability options throughout whole manufacturing processes, multi-factory websites, and even lengthen the impression to their broader provide and worth chains.
- Retail—Blue Yonder Class Administration: Blue Yonder helps retailers and suppliers to enhance return on stock and area with AI-powered class administration. Automation and knowledge science drive accuracy and enhance efficiencies so organizations can reply to speedy adjustments in demand and {industry} adjustments.
Many {industry} options are constructed on the Microsoft Trade Clouds, which assist organizations additional maximize their cloud portfolio. Microsoft Trade Clouds leverage industry-specific frequent knowledge fashions for knowledge interoperability throughout purposes and platforms. This implies knowledge can transfer seamlessly within the Azure setting and be utilized for any variety of duties like coaching generative AI fashions.
To make it simpler for companies to confidently select confirmed options, Microsoft launched a brand new Options Associate with licensed software program designation. Companions get hold of this designation for buyer resolution areas together with Azure and Safety but additionally for Trade AI options throughout monetary companies, healthcare, manufacturing, retail, and sustainability. Designated Trade AI options have a demonstrated observe report of buyer success, align to Microsoft Trade Clouds, and have undergone a technical overview to make sure the answer interoperates with Microsoft merchandise and meets industry-specific AI necessities. Whereas “licensed software program” badging is offered within the market immediately, filtering capabilities will quickly be launched to make it simpler for organizations to establish these options.
Simplify buying to save lots of time and transfer quicker
The Microsoft industrial market extends past a storefront to assist organizations simplify buying to allow them to transfer quicker. In a 2023 Whole Financial Impression™ examine commissioned by Microsoft, Forrester Consulting discovered {the marketplace} improved time financial savings for the funds and finance buying groups by 30%, as these groups leveraged market options comparable to automated invoicing and billing techniques. Utilizing {the marketplace} additionally decreased the time required to onboard new distributors by 75%, that means new know-how options could possibly be deployed sooner. Distributors can submit required documentation and entry steerage and instruments straight within the market, decreasing the executive burden of reviewing paperwork and strolling distributors by new processes.
The flexibility to maneuver quicker doesn’t imply organizations sacrifice flexibility and financial savings. {The marketplace} helps free trials and proofs-of-concept so groups can consider options to make sure they align with enterprise wants earlier than investing. Licenses will also be turned on and off to evaluate worth prior to creating bigger commitments.
Moreover, {the marketplace} permits organizations to buy options within the ways in which work greatest for them, whether or not that’s self-service on-line, by a most well-liked channel associate with multiparty personal affords, or with a Microsoft account crew. For companies that require or request implementation companies for his or her resolution, skilled companies can now be added to a non-public supply, streamlining the shopping for expertise by merging all the things onto the Azure bill.
For organizations with a Microsoft Azure Consumption Dedication (MACC), a contract that gives reductions on Azure infrastructure, they’ll rely 100% of eligible market purchases in the direction of that dedication, guaranteeing extra worth for his or her funding. Azure benefit-eligible options have undergone extra technical validation from Microsoft and are simply identifiable straight within the market.
Get began with {the marketplace}
The Microsoft industrial market is accelerating the period of AI by serving to organizations discover and deploy the cloud and AI options they want in a means that simplifies buying, maximizes investments, and unifies knowledge. As organizations throughout industries look to unravel enterprise and know-how wants, {the marketplace} gives entry to a complete catalog of options and makes it straightforward to purchase with confidence.
Be part of us at Microsoft Ignite for market classes tailor-made to prospects, software program corporations, and companions to study extra about learn how to get began and discover success. For these attending in Chicago, market specialists can be out there to reply questions within the Microsoft AI Cloud Associate Program space of the Hub flooring all through the week.
- Attend the Ignite session for purchasers (BRK125).
2 Custify, The Way forward for SaaS: High Traits and Predictions in 2024 and Past, July 12, 2024.
3 Microsoft inner knowledge