A Road Map to Digital Transformation for US Utilities
The ins and outs of SAP S4 HANA
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 digital transformation in an agile and scientific manner. Systems Applications and Products (SAP) has played a critical role in giving dimensions to digital transformation for the energy and power sector over the last 10-12 years.
We have seen the disruption SAP 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 that can enhance 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 look at the evolution curve, SAP has evolved from the original ERP R3 to ECC to S4 HANA. S4 HANA is an in-memory, columnar database architecture that is optimized for SAP users/systems. According to alltheresearch.com, in the next three years, 88% of U.S. energy and power companies will embrace the SAP S4 HANA for the following reasons.
Believe it or not, the cyberrisks associated with storing sensitive datasets on the cloud are expected to decrease by 45% in the next three years. This will impact the integration of cloud by energy and power players, most of which store data on-premises today.