3 items tagged "SAP "

  • Big Data on the cloud makes economic sense

    With Big Data analytics solutions increasingly being made available to enterprises in the cloud, more and more companies will be able to afford and use them for agility, efficiency and competitiveness

    google
    For almost 10 years, only the biggest of technology firms such as Alphabet Inc.’s Google and Amazon.com Inc.
    used data analytics on a scale that justified the idea of ‘big’ in Big Data. Now more and more firms are
    warming up to the concept. Photo: Bloomberg

    On 27 September, enterprise software company SAP SE completed the acquisition of Altiscale Inc.—a provider of Big Data as-a-Service (BDaaS). The news came close on the heels of data management and analytics company Cloudera Inc. and data and communication services provider CenturyLink Inc. jointly announcing BDaaS services. Another BDaaS vendor, Qubole Inc., said it would offer a big data service solution for the Oracle Cloud Platform.

    These are cases in point of the growing trend to offer big data analytics using a cloud model. Cloud computing allows enterprises to pay for software modules or services used over a network, typically the Internet, on a monthly or periodical basis. It helps firms save relatively larger upfront costs for licences and infrastructure. Big Data analytics solutions enable companies to analyse multiple data sources, especially large data sets, to take more informed decisions.

    According to research firm International Data Corporation (IDC), the global big data technology and services market is expected to grow at a compound annual growth rate (CAGR) of 23.1% over 2014-2019, and annual spending is estimated to reach $48.6 billion in 2019.

    With Big Data analytics solutions increasingly being made available to enterprises in the cloud, more and more companies will be able to afford and use them for agility, efficiency and competitiveness.

    MarketsandMarkets, a research firm, estimates the BDaaS segment will grow from $1.8 billion in 2015 to $7 billion in 2020. There are other, even more optimistic estimates: research firm Technavio, for instance, forecasts this segment to grow at a CAGR of 60% from 2016 to 2020.

    Where does this optimism stem from?

    For almost 10 years, it was only the biggest of technology firms such as Alphabet Inc.’s Google and Amazon.com Inc., that used data analytics on a scale that justified the idea of ‘big’ in Big Data. In industry parlance, three key attributes are often used to understand the concept of Big Data. These are volume, velocity and variety of data—collectively called the 3Vs.

    Increasingly, not just Google and its rivals, but a much wider swathe of enterprises are storing, accessing and analysing a mountain of structured and unstructured data. The trend is necessitated by growing connectivity, falling cost of storage, proliferation of smartphones and huge popularity of social media platforms—enabling data-intensive interactions not only among ‘social friends’ but also among employers and employees, manufacturers and suppliers, retailers and consumers—virtually all sorts of connected communities of people.

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    A November 2015 IDC report predicts that by 2020, organisations that are able to analyse all relevant data and deliver actionable information will achieve an extra $430 billion in productivity benefits over their less analytically oriented peers.

    The nascent nature of BDaaS, however, is causing some confusion in the market. In a 6 September article onNextplatform.com, Prat Moghe, founder and chief executive of Cazena—a services vendor—wrote that there is confusion regarding the availability of “canned analytics or reports”. According to him, vendors (solutions providers) should be carefully evaluated and aspects such as moving data sets between different cloud and on-premises systems, ease of configuration of the platform, etc., need to be kept in mind before making a purchase decision.

    “Some BDaaS providers make it easy to move datasets between different engines; others require building your own integrations. Some BDaaS vendors have their own analytics interfaces; others support industry-standard visualization tools (Tableau, Spotfire, etc.) or programming languages like R and Python. BDaaS vendors have different approaches, which should be carefully evaluated,” he wrote.

    Nevertheless, the teething troubles are likely to be far outweighed by the benefits that BDaaS brings to the table. The key drivers, according to the IDC report cited above, include digital transformation initiatives being undertaken by a lot of enterprises; the merging of real life with digital identity as all forms of personal data becomes available in the cloud; availability of multiple payment and usage options for BDaaS; and the ability of BDaaS to put more analytics power in the hands of business users.

    Another factor that will ensure growth of BDaaS is the scarcity of skills in cloud as well as analytics technologies. Compared to individual enterprises, cloud service providers such as Google, Microsoft Corp., Amazon Web Services and International Businsess Machines Corp. (IBM) can attract and retain talent more easily and for longer durations.

    Manish Mittal, managing principal and head of global delivery at Axtria, a medium-sized Big Data analytics solutions provider, says the adoption of BDaaS in India is often driven by business users. While the need is felt by both chief information officers and business leaders, he believes that the latter often drive adoption as they feel more empowered in the organisation.

    The potential for BDaaS in India can be gauged from Axtria’s year-on-year business growth of 60% for the past few years—and there are several niche big data analytics vendors currently operating in the country (besides large software companies).

    Mittal says that the growth of BDaaS adoption will depend on how quickly companies tackle the issue of improving data quality.

    Source: livemint.com, October 10, 2016
     

     

  • Integration Will Accelerate Internet Of Things, Industrial Analytics Growth In 2017

    • internet-of-things-cityscape-graphic-hqEnabling real-time integration across on-premise and cloud platforms often involves integrating SAP, Salesforce, third-party and legacy systems. 2017 will be a break-out year for real-time integration between SAP, Salesforce, and third party systems in support of Internet of Things and Industrial Analytics.
    • McKinsey Global Institute predicts that the Internet of Things (IoT) will generate up to $11T in value to the global economy by 2025
    • Predictive and prescriptive maintenance of machines (79%), customer/marketing related analytics (77%) and analysis of product usage in the field (76%) are the top three applications of Industrial Analytics in the next 1 to 3 years.

    Real-Time Integration Is the Cornerstone Of Industrial Analytics

    Industrial Analytics (IA) describes the collection, analysis and usage of data generated in industrial operations and throughout the entire product lifecycle, applicable to any company that is manufacturing and selling physical products. It involves traditional methods of data capture and statistical modeling. Enabling legacy, third-party and Salesforce, SAP integration is one of the most foundational technologies that Industrial Analytics relies on today and will in the future. Real-time integration is essential for enabling connectivity between Internet of Things (IoT) devices, in addition to enabling improved methods for analyzing and interpreting data. One of the most innovative companies in this area is enosiX, a leading global provider of Salesforce and SAP integration applications and solutions. They’re an interesting startup to watch and have successfully deployed their integration solutions at Bunn, Techtronic Industries, YETI Coolers and other leading companies globally.

    A study has recently been published that highlights just how foundational integration will be to Industrial Analytics and IoT. You can download the Industrial-Analytics-Report-2016-2017.pdf. This study was initiated and governed by the Digital Analytics Association e.V. Germany (DAAG), which runs a professional working group on the topic of Industrial Analytics. Research firm IoT Analytics GmbH was selected to conduct the study. Interviews with 151 analytics professionals and decision-makers in industrial companies were completed as part of the study. Hewlett-Packard Enterprise, data science service companies Comma Soft and Kiana Systems sponsored the research. All research and analysis related steps required for the study including interviewing respondents, data gathering, data analysis and interpretation, were conducted by IoT Analytics GmbH. Please see page 52 of the study for the methodology.

    Key Takeaways:

    • With real-time integration, organizations will be able to Increase revenue (33.1%), increase customer satisfaction (22.1%) and increase product quality (11%) using Industrial Analytics. The majority of industrial organizations see Industrial Analytics as a catalyst for future revenue growth, not primarily as a means of cost reduction. Upgrading existing products, changing the business model of existing products, and creating new business models are three typical approaches companies are taking to generate revenue from Industrial Analytics. Integration is the fuel that will drive Industrial Analytics in 2017 and beyond.

    biggest-benefits-of-industrial-analytics

    • For many manufacturers, the more pervasive their real-time SAP integration is, the more effective their IoT and Industrial Analytics strategies will be. Manufacturers adopting this approach to integration and enabling Industrial Analytics through their operations will be able to attain predictive and prescriptive maintenance of their product machines (79%). This area of preventative maintenance is the most important application of Industrial Analytics in the next 1 – 3 years. Customer/marketing-related analytics (77%) and analysis of product usage in the field (76%) are the second- and third-most important. The following graphic provides an overview of the 13 most important applications of Industrial Analytics.

    Most-important-applications-of-Industrial-Analytics

    • 68% of decision-makers have a company-wide data analytics strategy, 46% have a dedicated organizational unit and only 30% have completed actual projects, further underscoring the enabling role of integration in their analytics and IoT strategies. The study found that out of the remaining 70% of industrial organizations, the majority of firms have ongoing projects in the prototyping phase.
      data-analytics-strategy
    • Business Intelligence (BI) tools, Predictive Analytics tools and Advanced Analytics Platforms will be pivotal to enabling industrial data analysis in the next five years. Business Intelligence Tools such as SAP Business Objects will increase in importance to industrial manufacturing leaders from 39% to 77% in the next five years. Predictive Analytics tools such as HPE Haven Predictive Analytics will increase from 32% to 69%. The role of spreadsheets used for industrial data analytics is expected to decline (i.e., 27% think it is important in 5 years vs. 54% today).

    advanced-analytics-BI

    • The Industrial Analytics technology stack is designed to scale based on the integration of legacy systems, industrial automation apps and systems, MES and SCADA systems integration combined with sensor-based data. IoT Analytics GmbH defines the technology stack based on four components inclouding data sources, necessary infrastructure, analytics tools, and applications. The following graphic illustrates the technology stack and underscores how essential integration is to the vision of Industrial Analytics being realized.

    technology-stack

    • Industrial Internet of Things (IIoT) and Industry 4.0 will rely on real-time integration to enable an era of shop-floor smart sensors that can make autonomous decisions and trade-offs regarding manufacturing execution. IoT Analytics GmbH predicts this will lead to smart processes and smart products that communicate within production environments and learn from their decisions, improving performance over time. The study suggests that Manufacturing Execution System (MES) agents will be vertically integrated into higher level enterprise planning and product change management processes so that these organizations can synchronously orchestrate the flow of data, rather than go through each layer individually.

     game-changer

    Source: business2community.com, 19 december 2016

  • Research details developments in the business intelligence (BI) market that is estimated to grow at 10% CAGR to 2020

    HOIThe global business intelligence market report, an analyst says In the past few years, social media has played critical roles in SMEs and mid-sized organizations. Many SMEs are increasingly embracing this trend and integrating their BI software with social media platforms.

    Market outlook of business intelligence market - market research analyst predicts the global business intelligence market to grow at a CAGR of around 10% during the forecast period. The growing adoption of data analytics by organizations worldwide is a key driver for the growth of this market.

    The majority of corporate data sources include data generated from enterprise applications along with newly generated cloud-based and social network data. business intelligence tools are useful in the retrieval and analysis of this vast and growing volume of discrete data.

    They also help optimize business decisions, discover significant weak signals, and develop indicator patterns to identify opportunities and threats for businesses.

    The increased acceptance of cloud BI solutions by SMEs is also boosting the growth of this market. The adoption of cloud services allows end-users to concentrate on core activities rather than managing their IT environment.

    Cloud BI solutions enable applications to be scaled quickly, can be easily integrated with easy integration with third-party applications, and provide security at all levels of the enterprise IT architecture so that these applications can be accessed remotely.

    Market segmentation by technology of the business intelligence market:

    • Traditional BI
    • Mobile BI
    • Cloud BI
    • Social BI

    The mobile BI segment accounts for approximately 20% of the global BI market. It enables the mobile workforce to get business insights by data analysis, using applications optimized for mobile and smart devices.

    The growing smartphone adoption is likely to emerge as a key growth driver for this segment during the forecast period.

    Market segmentation by deployment of the business intelligence market

    • Cloud BI
    • On-premises BI

    The on-premise segment accounted for 86% of the market share during 2015. However, the report anticipates this segment to witness a decline in its shares by the end of the forecast period.

    In this segment, the software is purchased and installed on the server of an enterprise. It requires more maintenance but is highly secure and easy to manage.

    Geographical segmentation of the BI market

    • Americas
    • APAC
    • EMEA

    The Americas dominated the market during 2015, with a market share of around 56%. The high adoption of cloud BI solutions in this region is the major growth contributor for this market.

    The US is the market leader in this region as most of the key vendors are based out of here.

    Competitive landscape and key vendors

    Microsoft is one of the largest BI vendors and offers Power BI, which helps to deliver business-user-oriented, self-service data preparation and analysis needs through Excel 2013 and Office 365. The competitive environment in this market is expected to intensify during the forecast period due to an increase in R&D innovations and mergers.

    The market is also expected to witness a growing trend of acquisitions by the leading players. The key players in the market are expected to diversify their geographical presence during the forecast period.

    The key vendors of the market are -

    • IBM
    • Microsoft
    • Oracle
    • SAP
    • SAS Institute

    Other prominent vendors in the market include Actuate, Alteryx, Board International, Brist, Datawatch, GoodData, Infor, Information Builders, Logi Analytics, MicroStrategy, Panorama Software, Pentaho, Prognoz, Pyramid Analytics, Qlik, Salient Management Company, Tableau, Targit, Tibco Software, and Yellowfin.

    Key questions answered in the report

    • What will the market size and the growth rate be in 2020?
    • What are the key factors driving the BI market?
    • What are the key market trends impacting the growth of the BI market?
    • What are the challenges to market growth?
    • Who are the key vendors in the global BI market?
    • What are the market opportunities and threats faced by the vendors in the BI market?
    • Trending factors influencing the market shares of the Americas, APAC, and EMEA?
    • What are the key outcomes of the five forces analysis of the BI market?

    Source: WhaTech

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