"SAP SE CFO Luka Mucic, a 20 year veteran of the company and a member of its executive board, says the pace of the company’s software development cycle is four times faster than it was a few years ago.
“A couple of years ago, SAP would have released a major update to their core business suite modules every two years. Nowadays we are down to half-yearly development cycles,” Mr. Mucic said.
The rise of the cloud, the breakdown of massive enterprise applications into smaller components and automation are driving improvements, according to Mr. Mucic.
He made his comments during a recent meeting with Wall Street Journal editors.