CIO Insider

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Data is the New Everything

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 Sujith Vasudevan, Managing Editor

If you love football, you will probably remember the German national football team’s unbeaten 2014 FIFA World Cup run. Following a 7-1 victory against Brazil in the semi-finals, Germany brought Argentina to their knees in a nail-biting final that went on to win 1-0 in extra time. But the real hero, the 12th man, during their dream run, was big data analytics. Using SAP HANA, Germany recognized

their average ball possession time and reduced it from 3.4 seconds to 1.1 seconds. If big data analytics can help a national football team win the world cup in 2014, imagine the limitless possibilities of data a decade later.

The business world has seen more digital change in the past few years than in the whole previous decade. Digital Documentation of Documents has been a crucial part of this leap. The further development of the ERP ecosystem has been a catalyst for this change. ERP solutions are now very advanced and can support almost any business function – at a large scale, from back-end functions like accounting, HR, procurement, and manufacturing to front-end functions like salesforce & marketing automation.

ERP solutions have become more accessible for MSMEs, startups, and government entities because of data-driven technologies, the growth of the SaaS industry, and the intense competition in the services sector. This helps them reduce costs by getting rid of unnecessary processes, automating routine tasks, and giving employees useful information that will help them decide faster and better, thanks to features like scalability and affordability of ERP. The future looks bright as a day. According to marketsandmarkets.com, the global cloud ERP market is expected to grow to $101.1 billion by 2025 at a CAGR of 17.4 percent.

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