Archive for August, 2019

SAP Cloud Platform’s Role within SAP’s Digital Platform

August 27th, 2019

The law of today’s business jungle is innovation – and SAP Cloud Platform and a multi-cloud strategy give you the agility to continuously adapt.

Keeping up with the relentless pace of business innovation and the technology that fuels it can be a daunting task. With constantly shifting customer expectations and an abundance of new applications that are easier than ever to adopt, enterprise technical landscapes are transforming on an almost daily basis.

So how do SAP customers keep pace? I think my colleague Irfan Khan said it best—the key to surviving and thriving in the twenty-first century business landscape is “a compelling digital foundation that not only unifies data systems and processes, but readies customers to continuously adapt to evolving business and technology conditions.”

The SAP digital platform draws on decades of SAP business process excellence and includes the integral and unifying SAP Cloud Platform—an innovation powerhouse for the integration, extension, and creation of corporate applications. The SAP Cloud Platform is a game changer for over 13,700 customers, representing companies of all sizes and industries all over the world. Distinguished by a modular, incremental approach, SAP Cloud Platform enables small, quick integration and extension projects that deliver value in only a few short weeks, or even in just a few days. After achieving near immediate measurable benefit on smaller projects, customers are increasing the scope and coverage of SAP Cloud Platform adoption to tackle bigger and more mission-critical application services projects.

An Integration and Extension Platform Supported by Business Services

The SAP Cloud Platform covers all aspects of integration, from SAP cloud applications to on-premises landscapes (and vice versa), to most major third-party solutions. Today’s enterprise landscape reality is a hybrid one—with on-premises solutions still heavily relied upon even as both SAP and non-SAP cloud application consumption rapidly rises. Our suite of integration options, along with prepackaged integration flows and business connectivity with third-party applications and APIs, allows customers to securely connect people, processes, data, and devices both inside and outside your organization.

All organizations need to distinguish themselves from the competition, and the SAP Cloud Platform plays an outsized role in helping businesses differentiate from the pack. Whether it’s adding custom settings to a new third-party cloud application or configuring an existing on-premises solution to meet new business challenges, SAP Cloud Platform provides productive and integrated approaches to extend existing cloud or on-premises solutions and applications.

Underpinning the platform’s key integration and extension functionalities are an enriching set of business services—including Analytics, Blockchain, Internet of Things, Master Data, Orchestration, and so much more—which help create a harmonizing layer of agility that spurs intelligent business solutions based on functional logic, which then stimulate growth and innovation.

Promoting Collaboration

SAP Cloud Platform also delivers an unparalleled, much needed collaboration between IT and decision-makers within the lines of business—a long-standing dilemma in our industry that, thanks to SAP Cloud Platform, might soon be a thing of the past.

Multi-Cloud Strategy

SAP Cloud Platform is based on open standards and supports multi-cloud environments, offering complete deployment flexibility and control for any cloud infrastructure, whether from SAP or from the major hyperscalers like Amazon Web Services, Microsoft Azure, and Alibaba Cloud. Customers expect compatibility with their choice of cloud deployments, and SAP Cloud Platform delivers by focusing on integrating and extending applications, data, and processes, regardless of the backend infrastructure.

The Road Ahead

As an indispensable element of the SAP’s business technology platform, SAP Cloud Platform fuels corporate agility for quick and intelligent reactions to market conditions. Flexible integration and extension capabilities allow SAP Cloud Platform customers to integrate, extend, connect and differentiate in order to not only keep pace with the head-spinning speed of change in the digital age but also to adapt and evolve, keeping one step ahead of whatever tomorrow may bring.

https://blogs.saphana.com/2019/07/09/sap-cloud-platforms-role-within-saps-digital-platform/

How AI can transform Enterprises?

August 20th, 2019

Artificial Intelligence, more popularly known as AI, might no longer be the new technology on the block, but it is ‘the’ technology that everyone is talking about. Facial recognition, digital assistants, autopilots etc. are examples of the existing AI around us. AI is emerging as that disruptive technology that will change the way we live and work. While AI has been seen often in a consumer-centric world, the enterprise too is warming up to this technology.
2018 witnessed widespread adoption of AI in different industries as organizations realized the value AI brought to the table – be it in improving operations, assisting the data analytics drive, boosting innovation, and improving customer experience amongst other things. Owing to the immense value AI brings to the table, the global AI market size is expected to reach $169,411.8 million in 2025, from $4,065 million in 2016 growing at a CAGR of 55.6% from 2018 to 2025 according to MarketWatch.
So, what transformative value does AI bring for the enterprise? Here’s a look at how AI will transform enterprises and change the future of work.

1. The New age of Automation: AI is going to give automation the boost that it needs. As enterprises look towards technologies such as Robotic Process Automation (RPA), with AI we shall be moving into the world of Intelligent Process Automation. IPA combines process automation with Robotic Process Automation (RPA) and Machine learning (ML) and creates choreographic connections between people, processes, and systems. IPA will not only automate structured tasks but also generate intelligence from process execution.
IPA is all set to increase the level of transparency in business processes, optimizing back-office operations, increasing process efficiency and customer experience, and improving workforce productivity considerably. Along with this, IPA also holds the promise of reducing costs and risks and promises more effective fraud detection. Owing to these benefits, the IPA market is expected to be worth $13.75 billion by 2023.

2. The Rise and Rise of Chatbots: The friendly chatbot has already made some inroads into the enterprise. With AI, the chatbot invasion is going to become more pervasive in the enterprise of the future. Customer-facing industries such as retail, healthcare, banking, and financial services shall witness the rise of AI-powered voice assistants such as Alexa or Siri to create interactive experiences for the customer without pushing the load of delivering exceptional customer experiences on the staff alone.

Chatbots will also become the norm to service the internal customers of the organizations, the employees. Enterprise chatbots will be powered by AI technologies such as NLP (Natural Language Processing), semantic search, and voice recognition. They will enhance search capabilities and deliver a new way for employees to interact with corporate data to improve their productivity.

3. AI and the UX Impact: The focus on User Experience or UX is only going to keep increasing. With AI, the user experience will not be driven by guesswork but by faster analysis of the right data, by the enterprises in the future. User experiences with software products, even within the enterprise, have to mimic consumer-grade experiences.
Fluid, intuitive, efficient, and highly-personalized user experiences are going to be the norm. UX is also going to be the defining factor in product success and acceptance. Enterprises will look at the insights provided by AI by intelligent information gathering and identifying patterns to deliver greater value to the end-user. This will make the user experience of products highly intuitive and intelligent as well.

4. Greater Intelligent Customization Capabilities: As we move deeper into the age of personalization, enterprises will have to look towards technologies such as AI to develop intelligent customization capabilities. Data is already improving the customization capabilities of enterprises.
With cognitive technologies such as AI, they will be able to further improve their customization capabilities and create products that individual users will love. Leveraging user data and faster data-processing capabilities, AI can speed up interactions and provide intelligent insights to develop products and solutions that can be highly customized to meet user demands.
5. Cutting Edge Analysis To Bolster Data-Driven Decisions: AI will be leveraged in the enterprise to perform advanced data investigation in less time to improve business process, product, and service efficiencies. AI technologies have the capability to analyze usage patterns and then deliver deep insights that will take data-driven decision making to the next level.
Whether it is for predictive maintenance or predictive analytics for product development, or risk management or planning, the AI impact will make the enterprise smarter and more proactive in its decision-making.

6. AI In Software Development and Testing: Software Development and Testing will also feel the AI impact as this technology gets more pervasive. To respond to the market need for robust, reliable, and high-quality software that is delivered faster, AI technologies will get ingrained into the development and testing lifecycle.
With self-learning algorithms that are designed to self-improve, enterprises will be looking at improving the efficiency of the process of software development. They will leverage automated code-generation, among other things, and achieve a shorter time to market with greater confidence.

While AI has met with a certain resistance in the past, the coming years will see this technology achieve greater maturity. Given the immense value that AI can deliver, it is only a matter of time before AI will become a necessity for the enterprises that wish to remain relevant in this ever-evolving and competitive marketplace.

https://www.thinksys.com/ai/ai-transform-enterprises/

Are we set for the Blockchain Age in Data Storage?

August 13th, 2019

Although Blockchain came into the limelight with the cryptocurrency bitcoin, in the last year or so, companies have become increasingly aware of how Blockchain can bring about transformation across industries. With the cloud storage market expected to grow to $88.91 billion by 2022, the decentralized storage industry is rapidly gaining popularity, and Blockchain will be critical to its success. Since data storage – especially critical financial data – is always vulnerable to security breaches, migrating data from private data centres onto public Blockchains can help enterprises decentralize storage, thereby enhancing availability, scalability, and security of data.

Current Challenges:

It is not hard to imagine the ever-increasing volume of financial data that is being generated. Data, which will also then have to be managed, stored and analyzed for effective business decision-making. Connected devices, mobile apps, and the increasing need to share data across businesses are all contributing to the increasing demand for storage that is highly available, scalable, and secure.

Businesses that are looking to launch new, data-driven applications face a sea of challenges with respect to time, effort, and management to provision new datasets and databases.

Traditional cloud storage networks are also known to come with latency challenges. Since most of the time, the data that gets stored in a data center will not be in the same location as the business, delays in delivery are the norm – and that doesn’t work well in the financial context where delays of milliseconds can cause huge losses.

What’s more, the need for large databases also necessitates the need for managing large data centers, that require frequent temperature control, periodic updating, and rigorous upkeep -all expensive.

In addition, the road towards a richer, more data-centric way of working is further challenged by a global phenomenon of data breaches from centralized data centers. The outcome is worrisome – the growing storage needs of businesses are driving extraordinarily large volumes of data to be stored in centralized databases.

This creates risk at a scale never seen before. This necessitates the need for de-centralizing data storage, that can not only minimize the risk of a complete shutdown but also ensure efficiency and transparency of data storage.

The Benefits of Decentralized Storage:

As most current cloud-based databases are highly centralized, they are tempting targets for data breaches. Cloud Storage Companies do have several mechanisms in place to avoid the loss of data, such as dispersing duplicate files across various data centers to avoid a breach. That said, decentralizing storage would more or less eliminate the risk and repercussions of disruptions.

Although current networks need to evolve in order to accommodate such decentralized storage infrastructure, the day is not far when data will be supported by a network of decentralized nodes in a more user-friendly and cost-effective manner than the current, central database solutions.

Decentralized storage works by distributing the data across a network of nodes, thereby reducing the strain on a single node or database. Since it utilizes geographically distributed nodes, decentralized storage can avert such catastrophes and ensure the company’s data is always protected. As data is stored across hundreds of individual nodes, intelligently distributed across the globe, no single entity can control access – thus improving security and decreasing costs.

Any attack or outage at a single point will not result in a domino effect, as other nodes in other locations will continue to function without interruption. The distributed nature of these nodes also makes decentralized storage highly scalable, as companies can leverage the power of the network and achieve better up-time.

The Role of Blockchain:

Although one of the biggest achievements of the Internet era has undoubtedly been cloud data storage, it is already under threat of being replaced by Blockchain storage technology. As the need for decentralized storage becomes more and more relevant, the storage industry is looking to make the most of Blockchain’s distributed ledger technology.

Blockchain paves the way for user-centric storage networks, where companies can move data from the current centralized databases to Blockchain data storage, and benefit from a more agile, customizable system. Because storage gets distributed across nodes, companies can enjoy a better speed of retrieval and redundancy by accessing data from the node that is closest to them.

With such attributes that meet the practical demands of storing high volumes of data, Blockchain will partition databases along logical lines that can only be accessed by a decentralized application using a unique key. Such a decentralized network of storage nodes not only reduces latency but also increases the speed by retrieving data in parallel from the nearest and fastest node.

And because there are so many geographically dispersed nodes in a network, the reliability and scalability of decentralized storage are greater. What’s more, since the devices in the nodes aren’t owned or controlled by a single vendor but by several individuals, the availability and reliability of data are improved even further.

The Way Forward:

As industries battle issues of the security and confidentiality of data, the evolution of Blockchain has come like a boon. Touted as a technology with the potential to transform every industry, Blockchain could be particularly beneficial in the data storage game.

By improving business efficiency and bringing transparency in how enterprises store business data, Blockchain is poised to offer myriad benefits such as shared control of data, easy auditing, and secure data exchange. While it may take time for Blockchain to become the default choice for businesses looking to meet their ever-increasing storage needs, it won’t be long before the world opts for this secure, efficient, and scalable solution in an increasingly data-starved world.

https://www.thinksys.com/blockchain/are-we-set-for-blockchain-in-data-storage-age/