Algorithms have changed our way of looking at any problem in the last decade and impacted how we live our lives. We have become used to a system where the system answers our queries before we ask.
With the customers’ growing needs, the software companies need to develop innovative business software and easily respond to the customer’s demand. A system that can provide a solution to your query before you ask can be termed as an Intelligent System. And companies involved in developing such user-specific software can be termed as Intelligent Enterprise.
SAP’s vision to develop an Intelligent Enterprise has many aspects attached to it. Many feel that it is almost next to impossible to develop an Intelligent Enterprise. But, the way SAP S/4HANA Cloud is adopting and adapting the new technologies seems easy and attainable. Let us examine the aspects attached to SAP’s vision of creating an Intelligent Enterprise. Additionally, we also need to understand how it will impact the manufacturer or retailer’s business.
SAP’s Vision to achieve the 21st-century Mission
- Adopt the latest Technologies
SAP is lately interested in incorporating the latest technologies to increase the customer’s interest in using the SAP S/4HANA Cloud ERP solution. For example, adding the functionalities of the Internet of Things (IoT) and Machine Learning can open a gate to build a new business model for your manufacturing or retail business to deliver your services/products in a totally different way. Additionally, this can help you to remain a step forward to your competitors.
- Transactional Era to Predictive Era – A global shift
Talking about the 1990s, there were transactional enterprises concerning the manufacturing industry. They were more focused on bringing automation into their work.
Next to it were responsive enterprises that emerged in the 2000s. They were bringing an integrated supply chain planning in their mode of work.
Lastly, talking about the present era, we see more and more Intelligent Enterprises evolving, showing interest in integrating cloud ERP with other trending technologies like the Internet of Things (IoT).
All these diversifications that we saw in the last 30 years suggest that manufacturing or retail businesses have seen a global shift from being just an enterprise to becoming a smart, modern-day, Intelligent Enterprise.
- Blockers are removed from your way to progress with SAP S/4HANA Cloud ERP Solution.
Comparing the situation of how it was during the transactional stage of an enterprise to how it is today in the predictive stage of an enterprise, we see a lot of enrichment being done w.r.t. how cloud ERP works. The best example is that you can get automatic quarterly updates instead of doing it manually. As a result, the team can focus more on improving the strategic part of the business instead of focusing on updates.
With ERP systems like SAP S/4HANA Cloud, it becomes easy for you to make any major business decision as everything can be predicted based on data from the past.
- One fits for all – Cloud ERP System by SAP.
With an ERP system in place, a manufacturer or retailer can ensure the working of supply chain functions and even focus on other aspects of the business like customer experience, legal matters, etc.
In this way, you can create an ERP system with multiple capabilities to run your business. Having a cloud interface keeps all the business functionalities connected and consequently forming a smart business enterprise.
Thus proving SAP’s vision to develop an Intelligent Enterprise using SAP S/4HANA Cloud ERP Solution.
Being an Intelligent Enterprise doesn’t mean the simple implementation of the latest technologies. But it means adopting the latest technologies as per the customer’s need to face the challenges of the present era.
Author Bio: Eric Smith
The author is an SAP professional with expertise in a wide range of SAP Solutions. With a knack for technology, he loves to write on the latest SAP developments and share his knowledge with the readers.