2023-07-24 14:25:43
Software Inc
The financial investor Silver Lake wants to take the Darmstadt-based company off the stock exchange.
(Photo: IMAGO/Zoonar)
Frankfurt Software AG, based in Darmstadt, is hoping for a significant increase in profitability through the use of artificial intelligence (AI) when writing software and in communicating with customers. “The gains will be significant,” said CEO Sanjay Brahmawar in an interview with Handelsblatt on Monday.
With the help of so-called generative AI, the company can achieve more growth with the same cost basis. “It’s about double-digit percentages, not one or two percent,” Brahmawar said.
Software AG has already integrated this technology into its products. “For example, I want to feed data from application ABC into a database and generate a report on how to integrate it. Our tool will automatically look at the data sources and applications and recommend a path to integration.”
Silver Lake is intended to boost Software AG’s growth
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