SAP's CFO on AI: 'It can be a catastrophe'
SAP's CFO, Dominik Asam, says the company is leaning into AI to get more done with fewer employees.
With over 30,000 developers, SAP is using AI to speed up software development and automate routine office tasks—all part of a five-year plan to boost efficiency and profits.
Asam on AI's dual role
Asam calls AI a "great catalyst," but warns it could be a "catastrophe" if used carelessly.
He urges quick adoption to stay ahead in the tech race, echoing how many companies now use automation not just for innovation but also for cutting jobs.
SAP's $1B AI bet and restructuring
Overseeing SAP's $1 billion investment in AI and ongoing restructuring, Asam doesn't sugarcoat things—he admits that AI lets SAP "afford fewer people."
He's called job cuts "brutal" but necessary before, showing he's upfront about both the promise and the pain of automation.