SAP To Invest Over 20 Billion Euros In 'Sovereign Cloud'

SAP will invest over 20 billion euros ($23 billion) in European sovereign cloud infrastructure over the next decade. 'Innovation and sovereignty cannot be two separate things -- it needs to come together,' said Thomas Saueressig, SAP's board member tasked with leading customer services and delivery. CNBC reports: The company said it was expanding its sovereign cloud offerings to include an infrastructure-as-a-service (IaaS) platform enabling companies to access various computing services via its data center network. IaaS is a market dominated by players like Microsoft and Amazon. It will also roll out a new on-site option that allows customers to use SAP-operated infrastructure within their own data centers. The aim of the initiative is to ensure that customer data is stored within the European Union to maintain compliance with regional data protection regulations such as the General Data Protection Regulation, or GDPR.

Saueressig said that SAP is 'closely' involved in the creation of the new AI gigafactories but would not be the lead partner for the initiative. He added that the company's more than 20-billion-euro investment in Europe's sovereign cloud capabilities will not alter the company's capital expenditure for the next year and has already been baked into its financial plans.

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