In May 2018, SAP held an analyst and media event in Singapore to observe the opening of its latest innovation lab. The new innovation center will act as a digital enabler for enterprise customers by bringing together 3rd Platform technologies onto a single platform. It will leverage a design thinking approach to digitally enable intelligent enterprises and businesses. The topic of conversation revolved around the redefined role of the Leonardo platform and its position in bringing analytics, big data, and AI capabilities to the processes embedded in the SAP core suite of applications. SAP also announced a new licensing scheme that will be enabled by the Internet of Things (IoT).