As organizations embrace AI transformation, they’re looking for 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 firms constructing with AI expertise and seeking to meet market demand. The proliferation of AI options means it may be difficult for purchasers to know what to purchase and tips on how to purchase it to get probably the most out of their AI and cloud investments.
Figuring out a single vacation spot for determination 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, attempt, buy, and handle their cloud options within the period of AI. By consolidating purchases by way of {the marketplace}, enterprise leaders can trust that accomplice 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 option to discover the options you want
At Microsoft Ignite 2024, consultants will dive additional into how {the marketplace} is reworking B2B commerce. We’ll additionally share what’s new with {the marketplace} and present how prospects are utilizing these capabilities to innovate sooner.
Discover the appropriate answer with confidence
As Microsoft continues to put money into AI, extra software program growth firms are constructing progressive 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 presents revealed,3 {the marketplace} presents a strong catalog that simplifies discovery of AI options resembling 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 sooner and with the most recent expertise. Organizations can discover innovative, 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 way of {the marketplace} might be deployed instantly in Azure AI Studio.
There are additionally a rising variety of industry-specific options, which right this moment comprise greater than 40% of accomplice income by way of {the marketplace}.3 Hundreds of market options are tailor-made to companies in power, healthcare, monetary providers, manufacturing, media and leisure, retail, transportation, and different industries.
Try these accomplice options to see how {the marketplace} can help distinctive {industry} wants:
- Vitality—Cognite Knowledge Fusion: Cognite empowers industrial firms with contextualized, reliable, and accessible knowledge 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 knowledge, machine studying, and 3D modeling, contextualizes operational asset knowledge at scale in real-time, enabling firms to make higher selections about upkeep, manufacturing, and security.
- Manufacturing—Sight Machine on Azure: Sight Machine’s Manufacturing Knowledge Platform creates a standard knowledge basis by capturing and contextualizing knowledge from the complete 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 complete manufacturing processes, multi-factory websites, and even lengthen the influence 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 fast adjustments in demand and {industry} adjustments.
Many {industry} options are constructed on the Microsoft Business Clouds, which assist organizations additional maximize their cloud portfolio. Microsoft Business Clouds leverage industry-specific widespread 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 receive this designation for buyer answer areas together with Azure and Safety but in addition for Business AI options throughout monetary providers, healthcare, manufacturing, retail, and sustainability. Designated Business AI options have a demonstrated monitor file of buyer success, align to Microsoft Business 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 obtainable within the market right this moment, filtering capabilities will quickly be launched to make it simpler for organizations to determine these options.
Simplify buying to avoid wasting time and transfer sooner
The Microsoft industrial market extends past a storefront to assist organizations simplify buying to allow them to transfer sooner. In a 2023 Whole Financial Affect™ research 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 resembling automated invoicing and billing techniques. Utilizing {the marketplace} additionally diminished the time required to onboard new distributors by 75%, which means new expertise options could possibly 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 power to maneuver sooner 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 can 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 accomplice with multiparty personal presents, or with a Microsoft account crew. For companies that require or request implementation providers for his or her answer, skilled providers can now be added to a non-public supply, streamlining the shopping for expertise by merging the whole lot 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, making certain extra worth for his or her funding. Azure benefit-eligible options have undergone extra 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 knowledge. As organizations throughout industries look to unravel enterprise and expertise wants, {the marketplace} gives entry to a complete catalog of options and makes it simple to purchase with confidence.
Be a part of us at Microsoft Ignite for market classes tailor-made to prospects, software program firms, and companions to study extra about tips on how to get began and discover success. For these attending in Chicago, market consultants will probably 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: Prime Traits and Predictions in 2024 and Past, July 12, 2024.
3 Microsoft inside knowledge