SAP enhances its S/4HANA Cloud to integrate contextual analytics, machine learning into the cloud ERP suite
SAP SE announced Thursday advances to its SAP S/4HANA Cloud and shared its innovation road map for the cloud enterprise resource planning (ERP) suite.
With a new architecture of in-memory technology in combination with contextual analytics, digital assistant capabilities, machine learning and the SAP Fiori user experience, SAP S/4HANA Cloud enables customers to instantly adjust and adopt business processes and models and act on real-time insight and advice.
The ERP offering from SAP provides enterprise-ready functionality for digital business in industry and line-of-business functions, with faster deployment, time to value and lower entry costs of cloud delivery. Industry research firm IDC predicts that the software-as-a-service (SaaS) business applications market will grow 17 percent annually to $103.9 billion in 2020 from $47.4 billion in 2015.
The announcement was made at SAP Capital Markets Day at the New York Stock Exchange, where SAP executives showcased a combination of strategy and innovation.
SAP also outlined the road map for future cloud ERP innovation. The quarterly updates planned by SAP include setup wizards that will grow increasingly intelligent with machine learning and artificial intelligence; prepopulated, easy-to-adjust settings; and additional cloud-to-cloud integration and external application programming interfaces (APIs) to integrate with other applications and legacy systems.
In addition, SAP detailed plans for including blockchain digital ledger capabilities and Internet of Things capabilities that will support broader global, digital business models, as well as plans for partners to build localization and industry vertical extensions.
With the SAP HANA platform, SAP can help companies to get a real-time view of their business, with the assurance that SAP is managing their digital core and offering superior integration with SAP’s full portfolio, including SAP SuccessFactors solutions for human capital management, SAP Ariba solutions for procurement, SAP Hybris solutions for customer engagement and commerce, Concur solutions for travel and expense management, and SAP Fieldglass solutions for services procurement and external workforce management.
The latest release of SAP S/4HANA Cloud enables customers to carry out their digital transformation faster and to make business processes more efficient through increased transparency, automation and quality. Different solutions in the cloud ERP suite include SAP S/4HANA Professional Services Cloud, delivering end-to-end project management; SAP S/4HANA Finance Cloud, an easy-to-use modern finance solution that includes procurement and order management capabilities, and supports large enterprises and subsidiaries; and SAP S/4HANA Enterprise Management Cloud, combining professional services and finance capabilities for comprehensive real-time business management.