In these times of significant uncertainty and rapid change, it’s essential to not only focus on current challenges, but on transformational actions—those that will enable organizations to have an even stronger position in the new, post-pandemic world.
With the speed of business at an accelerated pace to meet both the competition and customer expectations, it’s imperative to have the right data insights to make quick decisions that result in informed action.
Data-centricity, new lighter processes, and high levels of intelligent automation are the keys that will drive the new normal—and the necessary agility and flexibility. Plus, digital platforms and ecosystems must become an even higher priority.
Why? Because these will be the levers that help organization’s transition from traditional to new business models built upon digital principles. According to the IDC, by the end of 2020, 50% of the Forbes Global 200 will see most of their business depend on their ability to create digitally enhanced products, services, and experiences.1
Yet most ERP systems are not poised to make this happen. They don’t allow for analysis of different formats across different systems, resulting in data isolation that has left organizations unable to realize the full value of the SAP systems.
These trends are especially seen in the manufacturing sector, companies operate in a highly challenging environment, and customers now demand greater flexibility, personalization, and sustainable practices than ever before. The power of adaptability, for example, in vacuum cleaner factories manufacturing respirators during the crisis has shown the possibilities for continued growth when enterprises set themselves up with the flexibility to respond, and automation.
Despite the benefits of modernization, the migration to SAP S/4HANA can seem like a huge undertaking that is inherently risky, costly, and time-consuming. But with a well-informed roadmap for evolving current systems, an organization can set themselves up for success.
A tailored roadmap helps tap into the true business potential of new SAP S/4HANA technologies, stay both secure and compliant, and explore the transformational opportunities that today’s evolving landscape will bring.
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- “Excellence in the Digital Economy: A Blueprint for Success,” IDC whitepaper