Energy and Natural Resources Industries Simplify Business Systems, Providing Welcome Relief to IT Departments
Every new data stream, every new process, every new business network or device makes the IT environment more complicated.
According to a report by Forrester Research, 73% of executives said that complexity is the largest IT challenge today. In the Energy and Natural Resource industry, data inflation is pushing the limits of current technology. IT needs a new approach to simplify business operations and technology.
S/4 HANA for Energy and Natural Resources customers opens opportunities to IT departments to respond effectively to user needs and to simplify IT operations. This impact is achieved primarily through data consolidation, reducing the data footprint, eliminating data aggregation, and simplifying the system landscape. By compressing the technology stack, data can be analyzed real-time via a single source of truth. Using high data compression rates and removing redundant/obsolete data tables provides better scalability and high availability of systems and networks. Data is aggregated on the fly from the lowest level of detail – this saves maintenance time and gives users greater flexibility. Furthermore, merging or analytical (OLAP) and transactional (OLTP) processing results in real time insights into the data – you can get instant answers to any question, anytime, anywhere.
Want to learn more? Here are the top ten S/4HANA benefits for Energy and Natural Resources industries.