SAS commits $1bln to AI-powered industry solutions

SAS commits $1bln to AI-powered industry solutions

Dubai, UAE – SAS, the leader in analytics, will invest $1 billion over the next three years to further develop advanced analytics solutions targeted at the unique needs of specific industries. In banking, government, insurance, health care, retail, manufacturing, energy and more, SAS will build upon its decadeslong focus on providing tailored solutions to industry challenges. This industry commitment and the rapid time-to-value these solutions deliver are key SAS differentiators.

All industry solutions will run on SAS® Viya®, SAS’ cloud-native, massively parallel AI and analytics platform.

“Businesses face many challenges, from the threat of economic recession and stressed supply chains to workforce shortages and regulatory changes,” said SAS CEO Jim Goodnight. “With insights from industry-focused analytics, resilient organizations can find opportunity in these challenges.

“Through this investment, SAS will continue to support companies using AI, machine learning and advanced analytics to fight fraud, manage risk, better serve customers and citizens, and much more. We remain steadfast in our ongoing commitment to innovation while delivering the market’s best analytics.”

R&D innovation + industry expertise = analytics for the people

The billion-dollar investment includes direct research and development, industry-focused line-of-business teams, and industry marketing efforts. It will fund the innovative work of SAS data scientists, statisticians and