SAP has played a critical role in giving dimensions to DT for the energy and power sector, since last 10-12 years.The alpha level analysis of AllTheResearch.com states that 53% of user stories fail while selecting the right tech partner who can help in achieving DT in agile and scientific manner.
“Today, when the entire world is connecting, interacting, and converging through the internet, it is important for all businesses to deploy technology to create better and easy user experiences to harness this scenario. 'Digital transformation' entails 'radical rethinking' and 're-strategizing' concerning deploying technology for usable, accessible experiences and better outreach to a wide base of customers for your product and services. Thus, driving home, the point that how crucial it is to irreversibly transform via use of digital technology in the current business & social scenario.” - As per renowned Digital Transformation (DT) expert.
SAP S4 HANA Technology Enablers: ABB, Honeywell, Tech Mahindra, GE (including subsidiaries), Eaton, Accenture, Siemens, SAP, Capgemini, Microsoft, IBM, Cisco
We have seen disruption SAP application has made on legacy business applications of the energy and power sector. In a way it has empowered existing leading businesses by offering a platform and environment which can enhance the business-critical systems. Naturally owing to the dependency of critical system energy and power users are very careful while attempting to change existing production SAP environments, due to possible outages. If we see the evolution curve, SAP has evolved from the original ERP R3 to ECC to S4 HANA. SAP S4 HANA is an in-memory columnar database architecture that is optimized for SAP users/systems. As per leading publisher AllTheResearch.com alpha level finding, in the next 3 years 88% of energy and power companies of the United States will embrace the SAP S4 HANA for below mentioned reasons:
Customized high-performance architecture of S4 HANA which uses SAP-optimized in-memory database model can deliver powerful speed improvements in addition to optimizing memory usage to minimize the amount required.
There is a clear gap in the user-friendly interface between a resource who is a master of SAP script and a user who is using SAP for business-critical processes. This gap increases the number of support calls between SAP master and SAP user, which of course not the ideal scenario considering the fast-paced business environment. Now for this point, SAP Fiori delivers HTML5-centric GUI for users, making the SAP interface less complex and much better for the overall customer experience.
As per a public document of SAP named as -Upgrading SAP S/4HANA: Why, How, and Best Practices; “SAP S/4HANA was first introduced to the market in 2015 as SAP’s strategic Digital Core solution for the Intelligent Enterprise. It was a bold vision to make a major shift from the very successful SAP Business Suite to a new future-focused solution that took a cloud-first, mobile-first, and intelligent technologies approach to SAP’s comprehensive ERP solutions”.
Believe it or not, the risk of storing sensitive datasets on the cloud and cybersecurity threat is expected to reduce -45% by the next 3 years. This will impact the integration of cloud by energy and power players of the United States. At present, most energy and power players run on-premises today, but the integration of S4 will impact the usage of Cloud technologies.
This guest post was written by Poonam Rohit B of AllTheResearch, a global market research company. [published on 28-Sep-2021]
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