While every organization is striving to ensure successful digital transformation, the real winning recipe depends on the quality and quantity of the data collected by them. The more relevant the data they gather, more are chances of them gaining actionable insights for business expansion strategies. By integrating IoT and ERP, companies can improve data availability, which can lead to operational excellence. The data accumulated due to IoT sensors will be directly fed to the ERP software. Any changes in the process are reported in real-time. For example, sensors integrated into machines in a construction site will send real-time information on the working condition of the equipment. If the IoT data is linked to the ERP system, the occurrence of any problems pertaining to equipment health will be directly reflected in the application. This vital information will reach all the concerned workers on the spot via the ERP platform, which will help them take immediate action as required. We have mentioned just one of many examples here. The possibilities of integrating IoT and ERP will change for different departments, depending on the work they perform.
ERP, when armed with IoT data, will help organizations to gain vital business-related insights instantaneously. The continuous stream of data enables enterprises to carry out real-time analysis, which will help them gain actionable insights to make tactical and quick decisions that will increase the revenue generation significantly. Besides, with IoT, organizations can consider integrating ERP systems with AI and ML so that employees get smart suggestions to make optimal decisions. ERP solutions promise to cut down an organization’s pressure to maintain the complex business operations, allow team collaboration, and deliver real-time actionable insights for making the best possible decisions. With every core business function assimilated in one platform, companies can eliminate paperwork and records management, become more efficient and productive at work, and also automate time-consuming tasks. The standard ERP system, already capable of doing so much, is now empowered with new-age technologies like IoT and AI to function smartly and intelligently. While ERP helps companies to add efficiency and accuracy across every department, sophisticated technologies like IoT and AI when combined with ERP allow enterprises to strategize for business growth and success, benchmark against competitors, and also achieve their set goals.
Migration to SAP S/4 HANA, Before making the move to the cloud, identify all the relevant dependencies in your environment
Your configuration management database (CMDB) probably houses a sizable amount of data, but the trustworthiness of the data is the critical factor for SAP migrations — not the volume. For example: do you know how well your CMDB documents the internal and external connection points critical to your SAP environment? Before making the move to the cloud, identify all the relevant dependencies in your environment, within and beyond the enterprise. This provides confidence key systems will share the right data and key capabilities will perform the way you need.
SAP, has Reported a 17% Increase Cloud based Revenues but its Overall Revenues for the Year Fall by 1%
German tech giant, SAP, has reported a 17% increase cloud based revenues to €8.085 billion ($9.8 billion) for the financial year 2020. Despite the boost in cloud based revenues, SAP saw its overall revenues for the year fall by 1% to €27.338 billion ($33.2 billion). SAP’s decision to push its cloud based services to its clients reflects its desire to provide services with regular, predictable revenue streams. In a statement to the press, SAP said that it had successfully boosted the portion of its revenues that were attributed to predictable, recurring sources, by 5% to stand at 72% of its total revenues.
We are Reinventing how Businesses Run by Accelerating Our Customers’ Transformation in the Cloud – Christian Klein, CEO of SAP
The world’s leading companies are turning to SAP to become intelligent enterprises. We are reinventing how businesses run by accelerating our customers’ transformation in the cloud. Our strong finish to the year and the launch of RISE with SAP, our new holistic business transformation offering, position us well to meet our new outlook targets.
Tapestry migrating the cloud-based SAP S/4 HANA ERP solution it installed in fall 2019 to Google Cloud. Tapestry, the parent company of Coach New York, Kate Spade, and Stuart Weitzman, is migrating the cloud-based SAP S/4 HANA ERP solution it installed in fall 2019 to Google Cloud. The luxury retailer hopes to modernize its IT infrastructure and increase overall operational efficiency. This step is part of a broader corporate acceleration initiative that includes sharpened consumer focus, a digital-first mindset, and transforming into a leaner, more responsive organization. The luxury retailer hopes to modernize its IT infrastructure and increase overall operational efficiency.