Digital technologies are transforming every industry. The 2016 World Economic Forum emphasized the need to understand the impact of new technologies blending the digital and physical world. SAP's digital business framework provides a structured approach for companies to develop and execute a digital strategy across five pillars: customer experience, core business processes, workforce, supplier collaboration, and assets/IoT. SAP's Hybrid Cloud Solution allows companies to run SAP S/4HANA both on-premise and in the cloud to drive innovation while reducing costs.