Over the last two decades, the idea of replacing the existing ERP was one of the least considered things. Normally an organization avoids replacing its already existing ERP system or transaction database unless and until it is very important. Last time that happened was in the late 1990s. Some of the organizations opted to fix their systems while some replaced them. This was the period that put Oracle and SAP on the map.
Cut to the present day, cloud has become one of the biggest interrupters. According to estimates, SaaS will grow massively and will soon become a $92 billion global market. While some of the existing companies expect around eighty percent of its client base to welcome cloud by the end of next decade, $1 billion have already been booked in cloud business in each quarter. So, here we are listing out top SAP trends that will eventually shape the market in future.
With the ever-growing importance of cloud, SAP is nowadays looking to forcefully move its customers to the cloud from their on-premise architectures. This is mainly due to the flexibility and innovation of cloud. For the IT industry, flexibility and agility are the key unpredictable market challenges to any businesses and in majority of the cases; technology is the main driver of the change. Cloud solutions often come with various positive points. Like for instance, they can be scaled, can be quickly implemented, and most importantly doesn’t need any huge investments. By moving to the cloud, clients will get regular updates and various extensions. As an example, one can easily look at SAP’s all new flagship, SAP S/4HANA, which will come with innovations in each quarter for its cloud based customers and later on it will come with on-premise innovation once a year.
With the growing usage of smartphones, even in workplaces, SAP has developed the Fiori UX, Lumira, and Screen Personas to help users provide an experience that is as desirable as apps that one normally uses on his/her smartphone or tablet. This eventually helps when it comes to direct capturing of orders in the field at the customer site. It also means there are no handwritten notes for employees and no more entering orders manually. In the end, customer benefits from the quotes and content failures due to media disruption can be avoided.
Predictive is the new fad nowadays. It can simulate various financial scenarios, predict failures, and more. The topic is soon going to change business models and processes. Machine learning or Predictive needs tons of data and SAP HANA is the perfect answer for that, with an in-memory, technology based database management system that can deal with huge amount of data. As data is being considered as the new age oil, a smart approach to using data is of vital importance for future.
As per leading economic forums, by the end of 2027, ten percent of the GDP will be stored with the help of Blockchain. It is leveraging the distributed ledger technology, which records data. Currently, blockchain is known as the protocol for Bitcoin currency. However, experts believe that businesses will soon apply Blockchain to digitally-based international operations documentation to authenticate documents, contract, and other details. Now SAP, along with its BaaS (Blockchain as a Service), focuses mainly on few key areas, including supply chain, public sector, financial services, and energy utilities. The main benefit is BaaS, which now offers a safe and secure way to transfer valid data across different sites and countries in real time. According to SAP, the blockchain assisted money transfer takes as less as 20 seconds.
With Hana’s shift on to Google cloud, SAP applications will soon be combined with Google’s cloud-based G suite productivity that was previously named as Apps for Work, to allow SAP customers access Google apps including Gmail, Calendar, and Sheets in a better way. The new collaboration of Google and SAP is helping as much as twenty-eight thousand employees of Colgate-Palmolive to collaborate better than before. This massive integration took only six months to complete, and by the next three months, the collaboration became easy and effective. However, the organization is expecting to gain much more advantage through other SAP and Google partnership efforts which include Google’s machine learning with SAP’s business process expertise.
Soon, business operations will be much more optimized. With the use of HANA, enterprises would soon be empowered to respond much more quickly than ever before, especially when it comes to dynamic business needs or market trends. Hana’s in-memory technology speeds up application performance, provides BI tools, and offers real-time reporting. Additionally, it can also perform complex ERP applications to modify information using the available real-time data. This will provide more advantages when compared with old-school enterprise applications along with analytics tools.
Each day enormous amount of data is streaming into enterprises. However, with the data explosion, most of the organizations are clueless about its usage. Eventually, this leads to the position where data is underutilized and resources are over drained within the enterprise. With changing times, enterprises are starting to understand the hidden value in data, and now they are looking at ways to turn data into a profitable asset. Various organizations around the planet now have obtained a generous handle on their data, and are commercializing exclusive internal data even while improving analytics with third party external data. Various other small businesses, including data brokers, specialist service providers, and technology vendors are now eyeing into the development of services in order to support this, which will eventually result in the rising of data market places. Over the future, enterprises will also try to work for the betterment of their internal analytics through the enforcement of the third-party data.
So, here are few trends that we have listed out for you. These would eventually help businesses to perform faster and in a more efficient way. Over the course of time, we will see whether SAP adoption will rise and how it affects businesses.
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