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 is partnering with Databricks to offer advanced data science and AI capabilities within Business Data Cloud.

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.

Tech - SAP launched SAP Business Data Cloud, a revolutionary solution that unifies all SAP and third-party data across companies, providing the data

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.

This landmark partnership between SAP and Databricks marks a new era in enterprise data management as two leaders in their domains come together to redefine how applications and data platforms work together.

SAP launched SAP Business Data Cloud, a new enterprise cloud solution developed in collaboration with Databricks, which looks to transform enterprise data management by seamlessly integrating SAP and third-party data.