Data Powers Digital Business

The digital economy is driving a massive increase in the volume of data created by devices, business networks, organizations, and individuals. This tidal wave of data is driving demand for capabilities like machine learning and AI, and dramatically impacting economic productivity.

But core to all of this opportunity, is data.

In the new digital economy, data is essential in powering digital business. Data is the currency that provides the foundation for business insight, action, and innovation across the extended enterprise, from partners and customers, to assets and employees, all driven by the digital core. 

Companies will need to capture and exploit data in increasingly creative and complex ways.  And the ability to digitize business events across customer touch points, partner interactions, asset states and employee activities, and to create meaningful insight, will allow businesses to be more agile and responsive than their competitors, and to open up new sources of value.

On average, companies today use only a fraction of the data they collect and store, and if a company is already struggling to store and analyze its own data, it will be drowning in data in the next few years.  Future success will depend on a company’s ability to:

• Transform Data into Insight – Data without insight is meaningless, it is essential for organizations to take the information at their fingertips, to understand it, and turn it into insight.
• Act in the Moment – Without the ability to take action quickly and effectively, there is no opportunity to create new value.  And thus companies must also focus on the ability to turn insight into action, in real time.
• Innovate without Constraints – And finally, with insight and the ability to act, the final critical need for competing in the digital economy is the ability to innovate and build new business models and create new outcomes for the organization

These three imperatives combine to demand the organization’s attention if it is to succeed in it’s digital journey.

SAP powered by Approyo can help you lead your organization’s digital journey and address the challenges of data proliferation from enterprise data, Big Data, IoT, and beyond.

And we help you to transform your all of data, the foundation of a digital enterprise, into insight to drive innovation and create business value.

As a result of optimizing existing processes and driving greater efficiencies, you can help fund new innovations.

Only SAP powered by Approyo allows you to innovate now with intelligent, real-time data to build new business applications

• Flexible and faster app development environment on ONE platform with choice of programming languages. Deployment available on cloud, in the data centers, and on laptops
• Applications can leverage hyper fast transactions and analytics to automate business processes with intelligent guidance
• Enrich applications with ONE platform that includes predictive, text, spatial, graph, and conversational UI capabilities

View the full blog post on www.approyo.com