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 hundreds of software program growth corporations constructing with AI expertise and trying to meet market demand. The proliferation of AI options means it may be difficult for patrons to know what to purchase and easy methods to purchase it to get probably the most out of their AI and cloud investments.
Figuring out a single vacation spot for resolution makers to search 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, attempt, buy, and handle their cloud options within the period of AI. By consolidating purchases by way of {the marketplace}, enterprise leaders can believe that companion options run on Azure and are preconfigured to deploy seamlessly. {The marketplace} allows organizations to handle their cloud portfolio in a single place with a centralized view, serving to to extend effectivity.
Microsoft industrial market
Uncover a better approach 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 clients are utilizing these capabilities to innovate quicker.
Discover the suitable resolution with confidence
As Microsoft continues to put money into 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 strong catalog that simplifies discovery of AI options reminiscent of 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 expertise. 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 giant language fashions from companions like LangChain, Pinecone, and Unstructured. Fashions bought by way of {the marketplace} might be deployed instantly in Azure AI Studio.
There are additionally a rising variety of industry-specific options, which as we speak comprise greater than 40% of companion income by way of {the marketplace}.3 1000’s of market options are tailor-made to companies in power, healthcare, monetary providers, manufacturing, media and leisure, retail, transportation, and different industries.
Try these companion options to see how {the marketplace} can help distinctive {industry} wants:
- Power—Cognite Knowledge Fusion: Cognite empowers industrial corporations with contextualized, reliable, and accessible information to assist drive the full-scale digital transformation of asset-heavy industries around the globe. Their Knowledge Fusion platform, which makes use of generative AI, large information, machine studying, and 3D modeling, contextualizes operational asset information at scale in real-time, enabling corporations to make higher choices about upkeep, manufacturing, and security.
- Manufacturing—Sight Machine on Azure: Sight Machine’s Manufacturing Knowledge Platform creates a typical information basis by capturing and contextualizing information from the whole manufacturing facility 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 prolong 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 information 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 widespread information fashions for information interoperability throughout purposes and platforms. This implies information can transfer seamlessly within the Azure atmosphere 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 Companion with licensed software program designation. Companions acquire this designation for buyer resolution areas together with Azure and Safety but in addition for Trade AI options throughout monetary providers, healthcare, manufacturing, retail, and sustainability. Designated Trade AI options have a demonstrated monitor document of buyer success, align to Microsoft Trade Clouds, and have undergone a technical evaluate 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 as we speak, filtering capabilities will quickly be launched to make it simpler for organizations to determine 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 Complete Financial Influence™ 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 reminiscent of automated invoicing and billing programs. Utilizing {the marketplace} additionally diminished the time required to onboard new distributors by 75%, that means new expertise options may very well be deployed sooner. Distributors can submit required documentation and entry steering and instruments instantly within the market, lowering the executive burden of reviewing paperwork and strolling distributors by way of 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 way of a most popular channel companion with multiparty personal affords, or with a Microsoft account workforce. For companies that require or request implementation providers for his or her resolution, skilled providers 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 will depend 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 further technical validation from Microsoft and are simply identifiable instantly 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 manner that simplifies buying, maximizes investments, and unifies information. As organizations throughout industries look to resolve enterprise and expertise wants, {the marketplace} gives entry to a complete catalog of options and makes it straightforward to purchase with confidence.
Be a part of us at Microsoft Ignite for market periods tailor-made to clients, software program corporations, and companions to be taught extra about easy methods to get began and discover success. For these attending in Chicago, market specialists will likely be out there to reply questions within the Microsoft AI Cloud Companion Program space of the Hub ground all through the week.
- Attend the Ignite session for patrons (BRK125).
2Custify, The Way forward for SaaS: High Tendencies and Predictions in 2024 and Past, July 12, 2024.
3 Microsoft inside information