What does it take to become an intelligent, digital business? And what opportunities lie ahead in this era of digitization?
Digital business is built on new computing infrastructure – the pillars of mobile, cloud, Big Data, and analytics – accelerated by the Internet of Things (IoT), advances in machine learning, and innovations like blockchain. These disruptive technologies are giving companies the ability to radically change business models, and create new products and services.
1. The Internet of Things
The Internet of Things is a network of physical objects – vehicles, machines, home appliances, and more – that use sensors and APIs to connect and exchange data over the Internet.
2. Machine learning applications and AI software
Build an intelligent enterprise with artificial intelligence (AI) and machine learning software to unite human expertise and computer insights. Create, run, consume, and maintain machine self-learning apps with ease by using algorithms that require no data-science skills. SAP Leonardo Machine Learning Foundation connects developers, partners, and customers to machine learning technology through SAP Cloud Platform.
3. Blockchain and Distributed Ledger Technology
Blockchain has the potential to revolutionize how businesses operate.
What is blockchain technology?
A reliable, difficult-to-hack record of transactions – and of who owns what. The blockchain is based on distributed ledger technology, which securely records information across a peer-to-peer network. The technology is still new, but the potential impact it can have on business is exciting and immense.
What is distributed ledger technology?
A distributed ledger is a database of transactions that is shared and synchronized across multiple computers and locations – without centralized control. Each party owns an identical copy of the record, which is automatically updated as soon as any additions are made.
4. Cloud Computing at SAP
Cloud computing makes it possible for users to access data, applications, and services over the Internet. The cloud eliminates the need for costly hardware, such as hard drives and servers – and gives users the ability to work from anywhere.
Elasticity: Scale up or down quickly to meet computing demand
Affordability: Only pay for what you use, and minimize hardware and IT costs
Availability: Get 24/7 cloud system access from anywhere, on any device
Simplicity: Free IT from managing servers and updating software
5. Big Data
With the right Big Data tools, your organization can store, manage, and analyze this data – and gain valuable insights that were previously unimaginable. Big Data technologies such as in-memory data management, analytics, artificial intelligence (AI), and machine learning can help you transform decision making and your business.