And it’s not only about people: The Global Simplicity Index found that global companies could make 10% more profit by eliminating hidden complexity. Imagine the impact on business if operational complexity, workforce complexity, and IT complexity could be eliminated.
In the Energy and Natural Resources industries, even the leading companies lose money due to the difficulty of tracking the performance and the maintenance requirements of production assets – resulting in lower uptime and production. Slow information sharing between departments and with suppliers and customers drives redundancies and drains profits. Reactive workforce management makes it difficult to have the right people in the right location doing the right job.
Many people hesitate to accept new technologies: Complicated user interfaces, coupled with scattered information and slow processing capabilities, make it easier to stick with the status quo. As a result it becomes increasingly difficult to adapt organizations to respond to their environment and capture new opportunities. Lowering the adoption hurdle of new technologies through intuitive user interfaces, relevant real-time data, and effective interactions can boost revenue-per-employee.
Some operational and user complexities are a direct result of complexity hidden in the IT environment. The pace of IT innovation has left many companies struggling to support simultaneous expectations to support Big Data, Internet of Things, and distributed workforces. Incremental change is not sufficient to combat IT complexity.
SAP S/4HANA is the “great simplifier” that optimizes business processes, engages people, and simplifies the IT environment:
- Gives businesses more agility with real-time transactions and analytics
- Empowers users with an intuitive user experience
- Simplifies the IT landscape into one platform
With multiple rollout options, it’s the solution the Energy and Natural Resources companies need to achieve greater efficiency and survive in today’s global marketplace. Here is a short video to learn a bit more.