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Why companies need to harness the power of real-time data?
Companies are always trying to find the best way to store data in a meaningful format so that they can make better business decisions. Since the birth of data warehousing almost 30 years ago, numerous innovations in data management have been made, such as Hadoop and NoSQL. According to experts, SAP HANA has established itself as a baseline for further innovation by having introduced its High-Performance Analytic Appliance (HANA), a platform for processing high volumes of operational and transactional data in real time. Arun Kumar VC, Senior General Manager – Enterprise Solutions, HTC Global Services, shares the insights on developments and challenges faced by companies while adopting SAP HANA –
Real-time data offers several benefits to businesses of all sizes. It delivers the first level of interaction with business data for any application, analytics, or transaction. With real-time data, organizations can access data quickly, enable collaboration among teams and partners, and deliver new business insights and scalable transactions. It can also lower IT costs through automation and simplification, reduce hardware requirements, optimize data caching and eliminate data duplication. The major benefits of real-time data management enables real-time data sharing and quality, enables much richer data sharing and improved data quality and allows any application to access any business data in real time.
There are certain challenges that one comes across while migrating to SAP HANA, for instance identifying challenges, assessing requirements and resources, creating plan, preparing infrastructure, performing migration and validating migration. At an initial stage, businesses see different challenges like budget, dependency on factors like sizing, infrastructure, resources, migration strategy, getting the right partner, deciding on on-premise, cloud or hybrid strategy while in the execution phase, unicode and dual stack split, code optimization, cutover, downtime issues are generally faced by the companies.
A real-time example can be given of that of SAP ERP that is powered by SAP HANA. It brings in speed to ERP system processing utilizing in-memory computing capability and real-time data processing capability utilizing the best in software and hardware innovations. SAP HANA also brings in the ability to process structured as well as unstructured data, to provide predictive and complex analytics and drastically simplifies the customer’s SAP ERP landscape. “With the inclusion of various innovations and simplifications based on SAP HANA’s capabilities, SAP ERP has evolved into a one-stop solution for an ERP solution which includes ERP applications / solutions, innovative user experience, inclusive analytics, real-time data processing, big data and more,” says Arun Kumar.
The Latest Trends and Challenges in SAP HANA-
- Landscape Simplification by utilizing SAP HANA as an Appliance
- SAP Business Suite on HANA implementations / migrations
- SAP Business Warehouse on HANA implementations / migrations
- S-innovations inclusion in Suite on HANA
- S/4HANA enterprise management: Next-generation business suite and the foundation, covering the digitized mission-critical business processes of an enterprise
- On-Premise and Cloud deployment of Suite on HANA
- Big data analytics utilizing SAP HANA
- E-Commerce (SAP Hybris) powered by SAP HANA
The main reasons why companies choose SAP HANA –
- Speed – ability to manage massive data volumes at high speed
- Agility – permits real-time interactions across the entire value chain
- Insights from structured and unstructured data, predictive and complex analysis
- Supports running next-generation applications
- Advanced cloud platform – supports business innovation
- Simplicity – fewer layers and a simpler landscape for lower costs
- Value – innovate without disruption and add value to legacy investments
- Choice of working with your preferred partners at every layer
Senior GM – Enterprise Solutions
HTC Global Services