The company also announced a partnership with enterprise data processing and AI company Databricks Inc. The collaboration natively embeds Databrick’s technology for data engineering, machine learning and AI workloads into SAP’s cloud solution.

As autonomous agents spread across the vendor landscape, SAP is banking on the rich stores of enterprise data that flow through its ERP software to draw customers to cloud. The analytics and AI solution announced Thursday is the latest migration enticement the company has added to its growing SaaS portfolio.

In late January, SAP boosted its financial outlook for the year, fueled by AI. The stock is up 69% in the past year. Databricks, meanwhile, is privately held with a $62 billion valuation and is among the companies of greatest interest to Wall Street regarding a potential IPO.

SAP's Business Data Cloud is designed to merge data from different applications on a semantic level – for more useful AI applications.

SAP announced the debut of SAP Business Data Cloud, a groundbreaking solution designed to unify enterprise data and power the next generation of Business AI.This innovative platform integrates SAP and third-party data,

SAP Debuts Business Data Cloud with Databricks technology for data engineering, machine learning, and AI workloads.