Supply Chain Management in Logistics, Using SAP Solutions

The SAP world is changing, and it’s changing fast. In the last 2 years, more data was produced globally than in all of previous history, and that volume only shows signs of growing. Thanks to this overabundance of data, new technologies are emerging faster than ever before. This means that many elements of business, including traditional supply chain and procurement processes, are being totally transformed. Technologies like SAP S/4 HANA are becoming the essential tools organisations must use to be successful in the marketplace. Today, we want to focus on how SAP solutions can improve and even transform the supply chain management process.

The Supply Chain in Logistics

Within logistics, managing your supply chain effectively is one of your primary business objectives. It is therefore not surprising that this is one of the key business areas being constantly improved upon, and technology is now at the forefront of the innovation. Without stable and efficient supply chain management, logistics business would quickly find themselves in serious trouble. By creating a robust supply chain process, logistics businesses are able to:

  • Achieve the optimum level of service to their end-customers in locations across the world by offering the latest products with all of the correct information, such as standardised model numbers, data sheets, territory based price lists and more.
  • Reduce warehousing needs an aged inventory through real time stock level reporting from distributors.
  • Improve ability to see stock promised information, along with stock on hand and stock in transit.
  • Gain insights into product demand in various territories.
  • Reduce wastage at all levels of the business.
  • View accurate and useful reports for ad-hoc and routine reporting.
  • Manage regional distribution centres, transportation and global trade more effectively.

How Does SAP Fit in?

Supply chain management systems are especially effective when used with trusted ERP solutions, such as S/4 HANA, particularly in distributor operations. The biggest improvements by doing this can be seen when an organisation’s supply chain relies on information being exchanged between the principal and its distributors in various ways. Item master data and price lists can be pushed to distributors with SAP integration tools, and report dashboards can be used to provide intuitive reports across the business based on accurate and timely data. In a traditional environment, multiple elements of the supply chain within logistics are managed through several disparate systems, with many businesses struggling to get all elements working properly together. But with a SAP solution like S/4 HANA, all functionalities can be brought together and centralised in a single, flawless system, creating a level of speed and control that leaves traditional supply chain management in the dark.

At Invenio, we work with logistics companies across the globe to help them review and refine their supply chain management processes. Using our enterprise wide SAP solutions, we provide unparalleled levels of performance and flexibility within a complex, multi-faceted process. For more information about how an integrated SAP solution can help you manage your supply chain more effectively, get in touch with our expert team today.

 

S/4 HANA – Why Upgrade?

If you are already using a SAP solution, you may be completely happy with the performance and stability of it. You may have suffered many issues during your SAP journey and finally things have settled down and users are happy. So now, you are being told to upgrade or migrate to S/4 HANA, and understandably, your questions is: why?

To put it simply – because your industry is changing. Consumers are changing, potential customers and employees belong to a fresh generation of people with a different outlook on technology. They hate complexity, and want all business processes and practices to be as easy as running their LinkedIn feed. Even the more current SAP Graphical User Interfaces belong to a different era, one that isn’t as agile or adaptable to new advances in technology. Soon older SAP ERP solutions won’t be supported, leaving only those flexible enough to meet modern demands. That’s where S/4 HANA comes in.

The Benefits of S/4 HANA

 SAP S/4 HANA might be the new kid on the block, but it is proving to be SAP’s most successful ERP systems. Whether you’re needing to choose a new SAP ERP solution to implement from the ground up or migrating your existing SAP Business Suite, there are 5 key benefits to choosing S/4 HANA;

  • Performance. S/4 HANA runs exclusively on SAP HANA, SAP’s flagship in-memory computing database. This means that programmes like S/4 HANA can take full advantage of the outstanding transaction, processing and reporting speeds native to SAP HANA, as opposed to other, slower options. Functions that usually run in minutes take a matter of seconds, allowing you to achieve optimal business performance and a higher level of customer care using real-time data.
  • Agility. S/4 HANA is the most user-friendly, flexible SAP solution to hit the market, with an end user interface completely driven by SAP Fiori (known for its high quality, simplified user experience). This means that organisations are able to create bespoke, understandable business insights based on real-time data from anywhere they choose – a significant advantage when it comes to making important business decisions.
  • Simplicity. If there was one word to sum up SAP S/4 HANA, it would be simplicity. With this highly streamlined solution, businesses are able to manage their IT landscape effortlessly, in a manner never seen before. When coupled with business wide cloud adoption, SAP S/4 HANA centralises and unifies hardware and network resources for ultimate business performance.
  • Reduced Cost of Ownership. While it might not seem so on the surface, the adoption of S/4 HANA is actually an incredibly cost efficient solution. This is primarily because with it, businesses are able to combine the analytical and transactional capabilities of multiple different systems into a single solution – reducing overheads and providing centralised control. Removing the need for manual report collection from these different sources saves time and effort while providing far more accurate, detailed results.
  • Innovation. In the current climate, cloud adoption is at the forefront of technological innovation within business, and SAP S/4 HANA is one of the primary driving forces behind it. The cloud has opened up a wide platform for different software vendors to experiment and provide a range of innovative products for business use, all of which expands the vast capabilities of S/4 HANA.

While making the decisions between sticking with a traditional SAP ERP solution or migrating to S/4 HANA cannot be made lightly, there is no denying the fact that S/4 HANA represents a revolutionary step forward in the world of business management software. With the new and improved functionality on offer, we have no doubt that it will quickly become central to conducting business in today’s complex and radically changing environment. For more information on S/4 HANA, or to enquire about the migration process, get in touch with our team today.

SAP Activate – the innovation adoption framework for SAP S/4HANA

What is SAP Activate

With the launch of S/4HANA, SAP has undoubtedly delivered a ground breaking next generation platform for digital transformation. But with so much talk of S/4HANA, the adoption accelerator SAP Activate deserves a share of the limelight too.

SAP Activate is a content rich and agile methodology for implementation and/or upgrade of SAP solutions across industries and customer environments. It sets out an innovative adoption framework that expedites SAP S/4HANA implementations.

Agile Methodology for a Smooth Transition to S/4HANA

In my opinion, SAP Activate is an essential and greatly anticipated refresh by SAP to incorporate agile delivery concepts in different SAP Project scenarios.

The agile methodology employs an incremental approach with much more focus on users by incorporating Scrums, Sprints for Delivery and more effective documentation while keeping the quality framework intact.

I feel the most important benefit of SAP Activate is the built-in ability to ‘fail early in order to correct the course of action’. In the previous waterfall method, a long business blueprint phase was followed by another long phase of build and test, before the solution was released for user acceptance. In many cases customers rejected the solution as it wasn’t what they expected which inevitably incurred high failure costs. With SAP Activate, this risk is eliminated as the solution is delivered incrementally and user involvement in Sprints ensures that users are in constant touch.

The Customer Journey to SAP S/4HANA using SAP Activate:

SAP Activate Methodology

The phases of SAP Activate provide support throughout the project lifecycle with value delivery and quality checks to make sure that the solution delivers the expected value.

Invenio’s adoption of SAP Activate

At Invenio, we have built our expertise on SAP Activate in two ways.
1. Our project teams are being certified through SAP courses on SAP Activate.
2. We are using the Activate methodology for SAP S/4HANA migrations for our internal SAP systems. While writing this blog, we are in the process of running multiple SAP S/4HANA implementations.

Please contact us for a personalised assessment of your SAP S/4HANA adoption journey from our experts.

Accelerate Finance, Simplify Technology

experience_centreWith the explosion of data and data sources, financial departments have a greater demand for fast, accurate, accessible and up-to-date information but from a simplified source. Without the right technology data is useless.

This is where SAP HANA comes in. However, before companies can gain a better insight into their data and understand the simplifications, they will need to gain a better insight into HANA. Hence one of the reasons SAP have created their new Experience Centre.

The SAP Experience Centre is a fully interactive environment where visitors can experience SAP HANA and other SAP innovations first-hand and immerse themselves in the various, interactive scenarios which have been set up – from driving a Formula 1 car to using data to investigate and predict crime scenes.

Even though the Experience Centre is still a new concept, Invenio thought this would be an ideal venue for a Simplified Financials event. To make this event truly unique, Invenio made it as intimate as possible and hosted the first ever partner event to a select few within UK finance departments.

The event kicked off with breakfast at 9.30am and sharply progressed onto the first presentation by Varik Torsteinsen, Head of Innovation at SAP. He spoke about why the Experience Centre was created, how it can transform thinking and what really is SAP HANA.

SAP realises that it has an extremely powerful platform with HANA and is at the beginnings of investing in and creating thought leadership on how it will be able to be utilised in the future. For many organisations this will involve ‘thinking out of the box’ to consider the creation of services which were just not possible or affordable on the previous technology generation.

This followed onto a presentation of Invenio and SAP’s partnership where Invenio spoke about the considerable investment it has made into their HANA Lab  and how it could help organisations to gain from the HANA Platform including the facility to run proof of concepts using a  client’s own data.

The next presentation was by James Willis at SAP on Massive Simplifications on SAP Financials.

As companies seek to integrate their decision making with their data, they need to rely more on speed and have a clearer understanding of their transactional data. SAP Financials has been built to meet the increasing and evolving business needs of the finance departments. James led the delegates through the capabilities of the solution:

  • Provides a one-stop access to all financial and non-financial data
  • New on-the-fly capabilities for moving finance processing, such as month-end activities, from batch to real time
  • Innovative rapid planning and forecasting combined with predictive analysis to explore new business models and immediately assess potential effects on the bottom line
  • Enables flexible data drill-down to actionable information
  • Connections to business networks in real time to establish an integrated business ecosystem and help drive optimal collaboration with customers, suppliers, banks and government authorities
  • Ensures harmonised data without manual reconciliation

We then broke for lunch to prepare ourselves for the real fun part! An exclusive tour of the Experience SAP Centre.

The centre is split into 4 sections, we explored each of these as explained below. All of the delegates spent time testing out the different areas

THE EARTH

Exploding populations, devastating typhoons – the world is changing rapidly. The delegates came face-to-face with the challenges these factors present. SAP’s multi-sensory experience puts delegates at the heart of the story and takes them on a journey that can change lives for the better.

THE FORMULA 1 CAR

Data is a real game-changer in sport. In Formula 1 racing, the difference between winning and losing can be a millisecond.

McLaren trusts SAP HANA to provide critical real-time data and analytics. Helping the team make more informed decisions faster and each lap closer to perfection. Each delegate got their turn to race a real-life, Formula 1 car on the Abu Dhabi circuit.

CRIME ANALYSIS

In this room, the delegates took on the role of crime investigator to discover who has stolen a priceless piece of art in London. The delegates were able to use SAP’s predictive analytics to analyse past crimes and work through clues to predict future strikes.

DESIGN THINKING ROOM

This rooms enables organisations to look at their businesses differently using some of the latest innovations; cloud, in-memory computing and analytics. This high-tech centre can identify how to transform a business.

This event was a great experience and our delegate’s came away with a lot more knowledge and insight into SAP. To be the first to hear about our next event you can sign up to our mailing list by here Sign Up

Book a slot with Invenio at Sapphire® Now

Less than 1 week to go:

sap_sapphirenow_grad_r_pos_min

 

The SAP community are in the final stages of preparation for this year’s Sapphire Now event on 3 – 5 June in Orlando, Florida. A must event for SAP partners and customers, coming together over 3 action packed days, to learn and discuss SAP and how it can help them. Invenio are incredibly excited to be exhibiting at Sapphire Now for the first time and have a fantastic agenda lined up. Invenio personally invite you to booth 1807 at SAPPHIRE NOW and ASUG Annual Conference.

If you’re registered to attend this prestigious event, don’t miss the opportunity to visit Invenio. Go to your agenda builder and look up exhibitor information where you’ll find us. – to secure a meeting slot with our team of Industry Experts please drop me an email and I will be happy to schedule some time during your visit. You can also receive a free cross pen by bringing the confirmation with you to our stand!

Throughout these 3 exciting days, we will be demonstrating some of our latest innovations and achievements, as well as showing you how to get more from your investment in SAP.

Here’s a quick preview of what to expect at Invenio’s booth:

Using the SAP HANA® platform

HANA is one of the best technologies to fulfill large data needs. Invenio can help companies using SAP HANA to keep less-frequently needed information easily available and ready to use.

Invenio’s HANA focus and expertise has caught the attention of SAP. Invenio has just been awarded the SAP EMEA Regional Partner Excellence Award (Database and Technology) for our HANA Laboratory, designed to introduce the power of SAP HANA to customers, and further deepen our knowledge of the solution

SAP Tax & Revenue Management (TRM)

Invenio in this area of expertise are pleased to announce that they will be implementing a new SAP Tax and Revenue Management system at the Department of Zakat and Income Tax, Kingdom of Saudi Arabia. The implementation will comprise the full cycle of modern SAP TRM functionalities. The Invenio team will be available at SAPPHIRE to showcase their competence, experience and capabilities in the Public Sector space and across other disciplines.

Invenio’s SAP Tax & Revenue Management practice is uniquely placed to offer a rapid, efficient and cost effective deployment of your solution. As an authorised SAP Partner we have a team of experienced consultants fully certified in the SAP Tax & Revenue Management solution for end to end project delivery.

Invenio’s P2P Solutions P2P for SAP

Invenio will be showcasing Invenio’s P2P Solutions P2P compelling goal: to help companies using SAP to dramatically cut costs in non-revenue generating purchasing activities by at least 50%, so that companies can increase their bottom line. The journey to unlocking these cost savings begins with your suppliers.

Invenio are proud of their unique IP in Invenio’s P2P Solutions Procure to Pay (P2P) portal for SAP. It’s another example of their innovation, commitment to SAP, and passion for driving real results for SAP customers.

This event is guaranteed to be action packed and a great opportunity to get valuable hands-on insight and hear success stories from other customers in your role and industry, subject matter experts, and SAP partners and executives.

We would be delighted to see you at Booth number 1807 where you’ll also be in for the chance to win some fantastic prizes in our business card prize draw and quiz including: A Polaroid POGO – Instant mobile printer, Digital video memo, Toshiba Camileo S30 Camcorder and a Sony S- Frame – digital photo frame.

We look forward to seeing you in Orlando in less than 1 week!

Top 5 Problems Companies Seek to Address with Big Data

The Big Data trend is sweeping across every industry – and companies everywhere are keen to learn more about the subject so they can better understand what it can do for their business.

Gartner, as you might expect, is very much at the forefront of bringing fresh insight into the subject. And it seems from a survey report they released earlier this year that there is good reason for this. Even though the Big Data concept has really only taken hold in recent times, their research suggests that 64% of organisations are now planning to invest in Big Data solutions within the next two years (news that is almost certain to keep Big Data in the headlines for several years to come!).

Although actual adoption of Big Data technologies in the here and now is still in its infancy (8% according to the Gartner research), there are a wide range of business challenges that have the potential to be transformed. In this post, we take a look at the top 5 business problems that are highlighted as areas which companies are looking to address through Big Data solutions.

1. Enhancing Customer Experience
There’s a growing body of research which suggests that businesses who invest in understanding their customers better can outperform their peers by a significant margin – and Big Data technologies can play a pivotal role in this understanding.

The entire Big Data concept as it relates to customer-centricity lies in taking multiple sources of information, aggregating it, and using it to produce real-time business insights that deliver improved insight into customer behaviours. One of the early adopters of Big Data is the retail industry. As an example, by using Loyalty Card data combined with other sources of information, retailers can quickly track and record what their customer’s habits are. This helps them to predict which discounts or promotions would have the most likelihood of enticing them back to their store. The result? Improved customer retention, increased add-on sales and improved brand awareness. Retailers with more advanced mobility enhanced systems can even run these types of discounts and promotions when the customer enters their shop, helping to increase average transaction size with real-time offers.

2. Process Efficiency
Achieving process efficiency is the Holy Grail for both manufacturing and service organisations alike. However, this has been difficult to achieve in the past since there was no way to capture huge, disparate data sets for processing and analyses. A simple activity like month end closing used to produce financial statements is a great example of an onerous, iterative challenge experienced by many organisations. This is simply because of the lack of tools and technology available to process huge sales data multiple times, from many different sources and data feeds. This leads to an inability to aggregate and allocate costs being incurred through various sources and to crunch the numbers to produce figures under the various heads in financial statements. Appropriate use of Big Data technologies can reduce the time taken to perform month end closing activities from days to hours!

3. New Product Development
In their 2013 Innovation Monitor report (*subscription req’d), the British Manufacturers’ Association – EEF – revealed that 75% of manufacturers believe that speed to market is more important than it was in the past.

A key factor that’s driving this need for speed is that in today’s global marketplace product lifecycles are shorter. Competition from previously low cost manufacturing bases has started to intensify, with companies in these countries increasing their own levels of innovation in order to move up the value chain. As these competitors start to innovate more so the product lifecycle is shortened as technical edge is lost to other, newer ideas.

Deploying applications that can analyse Big Data sources can help build an overall picture of consumer demand and help identify market gaps that might be filled with a new product or business service innovations In addition, having an iterative, constant flow of real-time data means companies can be increasingly responsive in adapting their product developments to the needs of the market today – and they can gain that all important first-mover advantage when taking new products to market.

Another key advantage is that product development also requires a certain amount of time in research labs – be it a physical product or software. Big Data technology can potentially help in simulating various outcomes during the development phase or in analysing various test results quickly which of course allows for course correction actions before it’s too late.

4. Targeted Marketing
Gaining the tools needed to analyse Big Data stores means companies can more quickly and efficiently segment and analyse patterns, trends and sentiments that help them better understand buying behaviours. For example, banks and financial institutions are using insights gleaned from daily transactions, market feeds, customer service records, location data and click streams to create new business propositions and improve their go to market strategies.

Access to this kind of information means an opportunity to make better targeted marketing approaches – much faster than ever before. In a recent Guardian article on the subject of Big Data, Matthew Bayfield, group director of data for marketing agency Ogilvy EMEA said: “The new way of thinking about [data] is more like trying to read the river, you’re trying to spot patterns. There are numerous pots of information that exist in a digital ecosystem that [companies] can tap into to try and understand more about the consumer and what the consumer wants.”

The greater the visibility of data, the greater the opportunity to market successfully. And, with more and more consumers using digital technologies, the more important a solution that addresses that challenge becomes.

5. Cost Reduction
We normally think of Big Data solutions as expensive, so you may be surprised to see cost reduction at 5th on the list. Even though the initial outlay for a solution can seem expensive, the benefits of deploying such technologies can help to reduce cost in other areas of the business. For example, eBay use SAP’s latest Big Data innovation – the SAP HANA Platform – to manage foreign exchange and improve the hedging process. By using analytics solutions powered by the SAP HANA platform, eBay gets a complete view of cash across its entire organisation – meaning they can drive proactive currency management, increase profitability, and improve operations. This has resulted in estimated savings of $40M per quarter from better decision making on currency hedges based on real-time data and trend analysis.

Invenio Business Solutions work with one of the most talked about Big Data products in the market today, SAP HANA. SAP HANA can analyse huge quantities of data in real-time, meaning companies can get instant answers to questions and use the insight to improve multiple areas of the business.

Invenio’s SAP HANA Lab allows us to create test scenarios that enable clients to experience what they can achieve using Big Data solutions before they embark on an implementation. For more details on how we can help you achieve success using Big Data, please contact us.

Top 5 Reasons to Choose SAP HANA

SAP HANA is one of the fastest growing products in SAP’s history and is viewed by the industry as a break through solution for in-memory databases. SAP HANA boasts that it accelerates analytics and applications on a single, in-memory platform as well as combining databases, data processing, and application platform capabilities. You may be thinking, “So what?” or “How does this help my business?” In this blog post below, we look at what we consider to be the top 5 reasons why SAP HANA should be on your list of new software enhancements for your business.

1. Speed – Manage massive data volumes at high speed

A live analysis was taken of a consumer products companies data revealed how SAP HANA analyses current point-of-sale data in real time–empowering the organisation to review segmentation, merchandising, inventory management, and forecasting information at the speed of thought. SAPHANA
2. Any Data – Gain insights from structured and unstructured data.

SAP HANA integrates structured and unstructured data from internal and external sources, and can work on detailed data without aggregations. SAP HANA can be integrated into a wide range of enterprise environments, allowing it to handle data from Oracle databases, Microsoft SQL Server, and IBM DB2

3. Insight – Unlock new insights with predictive, complex analysis. Before SAP HANA, analytics meant:

  • Quickly and easily create ad-hoc views without needing to know the data or query type – allowing you to formulate your actions based on deep insights
  • Receive quick reactions to newly articulated queries so you can innovate new processes and business models to outpace the competition.
  • Enable state-of-the-art, interactive analyses such as simulations and pattern recognition to create measurable, targeted actions.

4. Innovation – The ultimate platform for business innovation.

SAP HANA is an early innovator for in-memory computing. Its configurability, easy integration, and revolutionary capabilities make it flexible enough for virtually anything your business requires. Some examples of this include: ENERGY MANAGEMENT Utility companies use SAP HANA to process and analyse vast amounts of data generated by smart meter technology, improving customers’ energy efficiency, and driving sustainability initiatives. REAL-TIME TRANSIT ROUTING SAP HANA is helping research firms calculate optimal driving routes using real-time GPS data transmitted from thousands of taxis. SOFTWARE PIRACY DETECTION & PREVENTION Tech companies use SAP HANA to analyse large volumes of complex data to gain business insights into software piracy, develop preventive strategies, and recover revenue

5. Simplicity – Fewer layers, simpler landscape, lower cost.

  • Reduce or eliminate the data aggregation, indexing, mapping and exchange-transfer-load (ETL) needed in complex data warehouses and marts
  • Incorporate pre-packaged business logic, in-memory calculations, and optimization for multicore, 64-bit processors
  • Spend less on real-time computing

If you are considering your in-memory database , why not book a consultation with our experienced SAP HANA team to find out how this can really integrate and improve your business. Contact us here

Big Data, Hype or Reality?

Invenio Business Solutions – HANA Labs Innovation

If you’re in any way associated with the technology industry then you’ll know that 2013 has been the year of “Big Data”. The subject has attracted massive interest (some might say “hype”!) and everyone, it seems, is talking about the potential benefits that can be gained by implementing a Big Data Strategy.

But despite the voluminous amounts written on the subject (1.9 billion “Big Data” search results on Google at the time of writing!), many company execs are still grappling with the question of how a Big Data strategy will help them improve their business’s performance.

278Naturally the Big Data trend has not gone unnoticed by large and small IT vendors alike. And SAP in particular have been at the forefront of developing solutions that can help manage Big Data. The SAP HANA solution was specifically designed to help organisations tackle the many challenges posed by Big Data. But, because so many firms are still figuring out what those “many challenges” are, we thought the time was right to invest in our own SAP HANA Lab so we can actually show its potential.

The best way to really get under the skin of HANA’s potential was to build and test a range of scenarios so we could measure what can be achieved. Only then can we show customers the ‘why’ of Big Data – and the potential impact this can have their organisation’s performance. And, preliminary tests conclude that the potential is huge.

Below is an interview we held with our Chief Technology Officer, Naveen Agarwal. Naveen has been tasked with leading the development of Invenio’s SAP HANA Lab and, in this interview, he shares with us his thoughts on what the Lab will deliver to our customers as they start to explore the potential of Big Data.

1. What is the rationale behind setting up the HANA Lab here in Invenio?
HANA as a solution is now 3 years old, and a lot of hype was created about it at launch. However, the adoption rate we are seeing is still very low – which we think is due, in part, to the fact that it’s a very expensive proposition. HANA started maturing as a product only in the last 12 months but even today, our customers are still struggling to determine an achievable, realistic ROI that will justify the high capital outlay it demands.

A knock-on effect of low adoption is that first-hand HANA skills are still rare. There are a lot of certified consultants who have attended courses – but very few of them have actual hands-on experience of implementing HANA.

The HANA Lab solves these two problems – helping customers to identify ROI and skilling up our Consultants on a live HANA platform. To do this, in Invenio style, we had to have first-hand, hands-on skills with the product, not just certifications. We have therefore invested in an expensive infrastructure, dedicated a high-calibre team, certified them and got busy developing real applications (Proof of Concepts). The result of this activity is that we now have a hands-on, experienced HANA team that really understands the product – and we can build multiple scenarios for our customers that showcases what HANA can do, thereby helping to de-risk a procurement decision

2. In what way will the HANA Labs benefit our customers?
Customers can see actual adoption of their application before taking a procurement decision. When they decide to buy, they can benefit from our first hand experience with the product for a successful deployment. We are also investing in ground breaking application developments which are only possible on HANA and not on a traditional SAP ERP platform.

3. What is your roadmap for developing Invenio’s HANA competencies?
The Lab is now well established and the team is working on our Proof of Concept for Fast Month End Close, Real Time Reporting and COPA processing. This will finish in early December. Thereafter we are embarking on development of a National Tax Fraud Detection System that a country like the UK for example can adopt to increase tax collection. As our experience grows, more ground breaking applications will quickly follow.

4. From a technical perspective, what are the advantages to CTO’s in embracing a Big Data strategy?
The main advantage of HANA is the magnitude of speed increase which is staggering. HANA has shown it can sometimes be tens of thousands times faster than traditional databases. That brings a whole new perspective of how an IT system can be used. For example, if an analysis of National Tax Payer database to detect fraud was previously taking months, it can now be done in seconds – even while a tax raid is underway.

Next Steps
Invenio Solutions are an SAP Gold Partner providing services and solutions worldwide. If you would like more information on our HANA Lab or other services please contact us.