There’s a new sense of urgency -we are in the middle of a digital transformation and businesses need to face it – or get disrupted. Enterprises today live in a digital economy. By the end of 2020, there will be 9 billion mobile subscriptions worldwide (Ericson). The number of connected devices will increase nearly 30-fold in just over a decade, growing from about 900m connected devices in 2009 to more than 26bn by 2020 (Gartner). The Internet of Things will create over $6 trillion in economic opportunities by 2025 (Mckinsey). Opportunities like this, driven by the ongoing digital transformation cannot be ignored. Complexity stands in the way of digital transformation. From a business standpoint: 63% percent of executives cite complexity as a primary issue in escalating costs and as an impediment to growth.
The 200 biggest companies in the world are losing over 10% of their annual profit because of complexity – over $237 billion. From an IT standpoint: 73% of executives identify complexity as biggest IT challenge (Forrester, 2013). High levels of complexity are exacting a real, ongoing toll on businesses. In fact, four out of ten executives say complexity slows growth, impedes their ability to respond quickly to competitive threats, and interferes with their ability to make decisions quickly and effectively. Enterprises that can adapt quickly and reinvent their business while keeping complexity at bay will be able to take advantage of the new opportunities and thrive in this new digital world. SAP S/4HANA is the digital core for digital business designed to help companies to reimagine business in the digital economy.
Now customers can go beyond traditional transactions and drive end-to-end digitized processes based on a single source of instant insight from planning, execution, prediction, simulation and analysis all in real time with one system. The new suite is designed to drive instant value across lines of business in your industry with the ultimate sophistication: simplicity:
- Modern and role-based UX on any device
- Massive data model simplification (no indexes, no aggregates, no redundancies)
- Real-time connection to the Internet of Things and business networks
- Real-time insight on Big Data (predicting, recommending, simulating)
- Real-time business processes (no more batch processing)
- Full choice of deployment (on premise, cloud, hybrid
SAP S/4HANA is a new business suite of applications designed to run simple in the digital economy. Built on the advanced in-memory platform, SAP HANA®, and designed using the most modern user experience, SAP Fiori®. SAP S/4HANA is a reimagined suite to reimagine business.