The Value of Bringing Analytics to Your Data in the Decision Economy
With the rise of a digital economy, the way organizations make decisions are dramatically changing. You may have read stats like “by 2020 the growth in cloud data traffic will increase by 3.7x.” Couple that with “we’ll be living with 21 billion connected things by 2020” and the direction of the digital playing field is clear. With “data” and “things” moving to the cloud, the time to start thinking about investing in cloud analytics has passed, and it’s now time to take action—and we’re hearing that many customers are doing just that.
In this digital future, we know leading organizations are not only using analytics but are consuming it as the fuel for growth. Research suggests that 78% of decisions made by leading organizations are based on data driven analysis. But connecting to data and things is only one piece of a bigger picture—people and process must also enter the equation since 75% of decisions by leading digital organizations can be mapped directly to company strategy and 62% of decisions are distributed across the organization.
This decision cloud landscape continues to intensify as decisions themselves are moved to the cloud into autonomous models in which machine learning algorithms and artificial intelligence (AI) apply analytics and take on increased levels of decision making. Of course, the AI takeover is a tectonic shift which offers exponential value and inherent risks (Skynet anyone?).
Bring Your Analytics to Your Data with a Hybrid Approach
Before we skate too far ahead, organizations must face the business reality of today. Bringing together people, process, data, and things requires a balanced approach especially when it comes to data and analytics. Where the real work begins is how organizations can take advantage of existing on-premise data and analytics technology investments, while creating a path to the future as more and more data and things shift and are born in the cloud. This includes the marriage of data from on-premise and cloud sources.
As the cloud transition occurs, organizations must strike the right balance of cloud and on-premise technology. They face critical technology decisions, including:
- Which applications should go cloud first
- Which lines of business can take advantage of cloud analytics
- Which business processes can most benefit from cloud solutions
- Ultimately, what is the value to impact to the bottom line
To temper risk and increase acceleration, organizations are adopting a hybrid data and analytics approach to bridge the gap as the transition occurs and provides a framework for the organization to move in the direction and at the pace they are most comfortable with. It’s a strategy that brings your analytics to your data, not the other way around.
Where Does Your Cloud Journey Begin?
The momentum of customers moving to SAP’s analytics cloud solution, SAP BusinessObjects Cloud, is rapidly accelerating—and so are the innovations being introduced by SAP. New features and functionality for SAP customers with existing investments in on-premise analytics technology (SAP BusinessObjects Enterprise) offer hybrid use cases to deal with the reality of cloud and on-premise data environments.
SAP’s product strategy also aims to address the most important analytical needs across the organization to plan, discover, analyze, and predict all from one built-for-cloud solution. This approach intends to minimize cost and complexity for organizations as they begin their cloud journey, removing the need to worry about assembly of different cloud analytic solutions.
Build a Clear Path….
We know that our customers are at various stages of the cloud journey. Whether you’re thinking of taking the first step or you’re already down the path, our next #askSAP Community Call will give you the insights necessary to build your path to the cloud.
I invite you to join us for what is certain to be an informative session with Ty Miller (Vice President of Product Management, SAP BusinessObjects Cloud), Adrian Westmoreland (Product Management, SAP BusinessObjects Cloud) and Mike Flannagan (Senior Vice President, Analytics).
#askSAP Journey to the Cloud: SAP Strategy and Roadmap for Cloud and Hybrid Analytics Scenarios
- Date: March 16, 2017
- Time: 8:00am PT | 11:00am ET | 5:00 PT CET
- Duration: 90 minutes
Here’s to success in your analytics and data journey in 2017!