Rimini Street, Inc. (RMNI) Tapped by Korean Broadcaster to Accelerate AI Vision

Rimini Street, Inc. (NASDAQ:RMNI) is one of the cheap AI stocks to buy right now. On September 17, the company announced that the Korean Broadcasting System had tapped it to provide support for its SAP ECC 6.0.

The strategic partnership will allow KBS to maintain its current SAP system rather than upgrade to S/4HANA. It will also reduce its annual software maintenance fees by 50%. The broadcaster is to leverage Rimini Street’s 20 years of organizational data to develop AI projects to improve program time to market and increase operational efficiency.

“Our highly customized SAP ECC 6.0 system is our competitive differentiator, and it stores an incredible amount of data on our talent, financials and operational processes, all of which will serve as fuel for our AI initiatives,” said Goo Yub Nah, IT director at KBS. “We carefully evaluated our options and decided keeping our existing systems expertly supported by Rimini Street would be the smartest, fastest path to realizing our AI vision, and funding it too.”

Rimini Street, Inc. (NASDAQ:RMNI) is a technology company that uses AI-powered applications and services to enhance enterprise software support and automation for clients. Its AI applications identify issues, assign the best-fit engineers to cases, detect anomalies, and leverage historical data to accelerate issue resolution for clients.

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Disclosure: None. This article is originally published at Insider Monkey.