"Acquiring [Reltio] will further improve our position as a leading business AI provider, combining SAP and non-SAP data to deliver data context that business AI requires. AI cannot reach its full potential when data is fragmented across business units, platforms and domains without connection or context."
"Reltio uses what it calls an AI-based entity resolution system to find and merge related records from different formats and applications into what it dubs a 'golden record' of data about customers, products, suppliers, locations, and employees."
SAP plans to acquire Reltio to enhance its Business Data Cloud by integrating external data into its AI platform. This acquisition aims to improve data interoperability and support AI development by cleansing and harmonizing data. Reltio's AI-based entity resolution system will help create a unified 'golden record' of data from various sources. This move is expected to strengthen SAP's position as a leading business AI provider by combining SAP and non-SAP data for better insights and planning capabilities.
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