WALLDORF — SAP SE (NYSE: SAP) today announced research findings from leading industry analyst, Forrester Consulting, indicating that cloud is vital for enabling greater analytics and data maturity.
In the Forrester survey commissioned by SAP, 82 percent of companies agree a hybrid cloud approach is a critical next step in the evolution of their analytics-business intelligence (BI) strategy.
The study found that as digital businesses thrive and digital transformation continues to rise, firms looking to remain competitive need more than the traditional bare-bones, stand-alone siloed analytics solutions. Organizations must dramatically increase the penetration of analytics (including user adoption) and empower more business users to make better, insight-driven decisions.
Improving analytics maturity requires making analytics more actionable and accessible across the organization. As technical concerns around improving analytics-BI maturity ease up for companies, they must then focus on the strategy improving those capabilities. That strategy, respondents say, will lead to increased revenue – 92 percent of respondents with well-established analytics-BI hybrid cloud solutions project revenue growth of 15 percent or greater annually over the next three years.
The study found that companies desiring greater analytics-BI maturity should strategically focus their efforts on the following initiatives:
- Adopting more powerful and accessible analytics-BI capabilities: Meeting changing business needs requires tools that are easy to implement and offer architecture flexibility, yet at the same time support high security and governance standards – a hybrid cloud.
- Improving analytics-BI by investing in new technologies (the cloud) and exploring greater use cases for it: Hybrid cloud offers a wide variety of deployment options. Some may offer higher and faster ROI than others. Customers can choose the ones that will provide the highest business value at the lowest cost, effort and risk for them, then prioritize those technologies over more complex, longer-term projects.
- Increasing investment in analytics-BI: Improving analytics-BI must become a company-wide initiative to be fully effective. Companies need buy-in across the whole organization, ideally from the top down, to drive analytics-BI investments and improvements. This will increase the self-learning aspect of analytics and BI and allow for continuous improvement.
The SAP Analytics portfolio is focused on combining on-premise and cloud analytics into a hybrid solution. This leverages the strengths of both platforms and provides organizations with a fast track to the cloud with on-premise, managed cloud and public cloud offerings that work together.
On Thursday, May 24, 2018, at 10:00 a.m. ET, SAP will host a webinar featuring Forrester and Florida Crystals Corporation to discuss the findings of the survey: Improve Business Performance & Increase Revenue With Hybrid Cloud Analytics.
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 388,000 business and public sector customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.
Note to editors:
To preview and download broadcast-standard stock footage and press photos digitally, please visit www.sap.com/photos. On this platform, you can find high resolution material for your media channels. To view video stories on diverse topics, visit www.sap-tv.com. From this site, you can embed videos into your own Web pages, share video via email links, and subscribe to RSS feeds from SAP TV.
For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
For more information, press only:
Samantha Finnegan, SAP, (415) 377-0475, firstname.lastname@example.org, ET
SAP News Center press room; email@example.com
Elizabeth Somerville, PAN Communications, (415) 544-7231, SAPanalytics@pancomm.com, PT
*Improving Business Performance By Closing BI Maturity Gaps With Hybrid Cloud Deployments, an April 2018 commissioned study conducted by Forrester Consulting on behalf of SAP.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
© 2018 SAP SE. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.