SAP launches solution to help firms make real-time decisions

Venkatesh Ganesh New Delhi | Updated on January 16, 2018

SAP has launched new technology solution for Indian corporates, which gives analytical information to C-suite executives that can help make decisions in real time.

Taking the help of Amazon’s Alexa, a voice service that helps humans interact with machines, the solution has been christened “Digital Boardroom”. SAP is making these announcements at a time when the German tech giant will run its technology as a backbone for GST roll-out.

It has partnered with industry bodies like Assocham to launch a knowledge-sharing resource centre that will educate organisations to manage changes in their business processes and information systems from the impending GST roll-out.

With the roll-out of this new tax regime, around 51 million SMEs in India will have to consider re-investing or re-define their business processes. “Automation and encapsulation of the compliance measures into the IT systems of SMEs is imperative, along with preparation and planning is the key to a successful GST implementation,” said Sanchit Vir Gogia, Analyst, Greyhound Research.

One of the reasons for SAP to launch this service is because of increased technology usage happening globally, coupled with complexities in a volatile business environment. “With this solution, a boardroom can analyse large volumes of data, identify business risks and opportunities in real time,” according to Deb Deep Sengupta, President and MD of SAP (Indian subcontinent).

Further, these voluminous amounts of data can be accessed through any device, and enable them to understand the past and predict the future in real time.

While some of these functionalities were there in many of SAP’s solutions, it is integrating the old and bringing the new technology elements like Machine Learning, which the tech giant believes will set it apart from competitors.

An intuitive user interface enables natural interactions based on a single-screen experience. It is delivered through a touch-screen experience, whether using a projector, a laptop or a wearable Virtual Reality like device. Rich visualisations of live data eliminate static presentations, pointed out Sengupta.

While external factors push companies to adopt some of the recent technologies, on the ground, companies are grappling with a dichotomy of high amount of investments that they have made in existing infrastructure, along with security issues, while at the same time they need to invest in cloud computing as it offers unique benefits such as lesser upfront investments in technology, amongst others.

Published on December 01, 2016

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