The Networked Economy

Within Amy-jo Crowley’s article, SAP On The Future of the Internet of Things, Dinesh Sharma, SAP’s VP of Marketing answered questions about the subject of Networked Economy. Sharma described how those in the Retail Industry can thrive within the networked economy. For example, eBay is currently using SAP HANA data analytics technology. With the SAP HANA for data analytics, it was stated that, “eBay is able to monitor trading in its marketplaces and run analyses that confidence score trades, or detect unwelcome activities to provide a better customer service.”

CBR Q: To what extent is SAP’s HANA cloud platform currently enabling the Networked Economy? What other tools are at the core of it and why?

The cloud is a key enabler of the networked economy. The vast and growing volume of data that the networked economy is built upon requires a platform that can adequately store and retrieve information in near-real time. Legacy databases simply do not have the required speed or ease of use to make the networked economy flow. SAP’s HANA cloud platform is capable of realizing the true potential of collective insight, simplifying the complexity of such large caches of data and drilling down into what is business-critical.

CBR Q: How are you finding competing against Oracle’s, Microsoft’s and IBM’s in-memory products, which are becoming increasingly popular in the space?

Our competitors certainly all have their own versions of in-memory products but HANA is different. This opportunity to combine different types of data sets is where the real differentiation lies. From a basic speed perspective, HANA remains a leader in the in-memory market, but even if the competitors do catch up, the HANA platform includes geospatial, predictive graph engines that are rooted into the database, and their usage is being embedded into the next generation of business applications that will power an array of predictive analytics tools.

CBR Q: Data protection authorities have agreed that data generated by Internet of Things (IoT) devices should be “regarded and treated as personal data”. To what extent do you agree and is SAP addressing this?
The question of personal data and privacy is – and should – always be discussed at length in relation to data generation and collection. SAP is committed to delivering solutions that help businesses run smarter – our heritage is in delivering business critical systems and security has therefore always been at the forefront of our agenda. That said, businesses themselves must also consider the consequences of not handling personal data with sensitivity.

CBR Q: Some have argued that there are too many standards, players and ecosystems to connect the billions of devices and applications together. To what extent do you agree and how is SAP addressing these challenges?
At SAP we offer open platforms and true collaboration with our partners, our partnerships with the ecosystem of device and connectivity suppliers makes it easier for customers to adopt. Simplicity is at the heart of what we do and part of this is ensuring businesses have all the capabilities they need to succeed in the networked economy. The SAP Startup focus is a global programme helping promising start-ups in the big data, predictive and real-time analytics space. The program aims to go give flexible access to HANA, providing businesses of all sizes with the knowledge they need to leverage SAP HANA in the ecosystem of connected devices.

CBR Q: Are there any other challenges and if so how can they be overcome?

For SAP to help businesses embrace the networked economy and benefit from the great opportunities it presents, businesses must first understand the reasoning for doing so. The reality is that many organisations remain split between analogue and digital technologies.

The Hamburg Port Authority is a great example of how an organisation can quickly embrace the networked economy – once they know the reasoning behind it. The Port Authority is responsible for overlooking the logistics at the second largest port in Europe. With a current turnover of 9 million containers per year – expected to rise to 25 million by 2025 – space is increasingly at a premium. The need to increase productivity without significant changes to the existing port infrastructure led the Port Authority to develop the Smart Port Logistics program.

Source: http://www.cbronline.com/news/tech/networks/networking/sap-on-the-future-of-the-internet-of-things-4480672

SAP Gold Partner and Leading SAP Business One Powered by SAP HAHA Software and Technology Providers

Based in Tampa, FL, Cornerstone Consulting, Inc. provides leaders of manufacturing and wholesale distribution companies with high-performance enterprise resource planning systems, powerful analytics, better business intelligence, premium web development, and first-class information technology support services. Not only is Cornerstone an award-winning value added reseller (VAR) of business software, the highly-skilled “dream team” of certified public accountants (CPAs), programmers, web designers, marketing gurus and software trainers provide cutting-edge solutions and tech support for wholesale distributors and manufacturers.

What is SAP Business One?

SAP Business One  (commonly referred to as SAP B1 and Business One) is SAP’s fastest selling enterprise resource planning (ERP) software system. The business software has unified modules of financial accounting, customer relationship management (CRM), inventory management, material requirement planning (MRP), and much more. By design, the streamlined business management software can dramatically improve operations through out your entire enterprise. When SAP Business One is configured for optimal performance by Cornerstone’s programming team, your organization’s overall efficiency can be increased by as much as 25%, or in many cases, even more.

As a singular data system, right “out of the box” the software offers completely integrated:

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SAP Business One Software and Services

As your business grows over time, SAP Business One allows you to easily adapt the application to meet changing business and industry needs. To see how best-in-class companies became that way ““ and to learn how you can take your own company to the top .

Owners of manufacturing, wholesale distribution, online retail and professional services companies can no longer afford to do without a unified system of accounting, CRM, inventory and warehouse management. Learn why it’s time for an ERP solution. Discover which key questions to ask to determine if your business is ready. And then decide if you can afford to operate without SAP Business One. Connect with Cornerstone Consulting for your free copy of the whitepaper ““ “Is ERP affordable for Small Businesses?” Also, we would be happy to set up a meeting or online demonstration of how SAP Business One can help your business become more productive and profitable.

Tampa, FL Corporate Office: 813-321-1300

Cornerstone Provides SAP’s Fastest Selling ERP System, SAP Business One, to Small and Midsize Manufacturing, Wholesale Distribution, Professional Services, and Online Retail Businesses

You need the right software and technology to be competitive today while ensuring that you keep your customers happy.

Leaders of Manufacturing, Online Retail and/or Wholesale Distribution companies located in FL, as well as organizations located through out the U.S., rely on Cornerstone for enterprise resource planning (ERP) business management systems, software services and on-going technical support. As an award-winning Business Partner and Value Added Reseller as well as SAP Business One Gold Partner, our expertise is outstanding. Cornerstone Consulting has been providing state-of-the-art business software systems, as well as related technical support, to small and mid-sized manufacturing and wholesale distribution enterprises for more than thirty years. Looking forward to helping your business leverage SAP Business One software and cutting-edge technology.

If you are researching enterprise resource planning business management software systems, and would like more information about the fastest selling ERP program on the market, we’re happy to help. Cornerstone Consulting specializes in:

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For tips on how you can more efficiently reduce and track expenses, effectively plan your budgets, maximize opportunities, minimize risk, increase your bottom line, and easily achieve bigger goals Contact Cornerstone about SAP Business One today!

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