A renaissance is a period of vigorous intellectual activity and creativity. The term derives from the Renaissance, the period between the 14th and 17th centuries marked by a surge of invention and the beginning of modern science.
It’s no exaggeration to say we’re now entering a Digital Renaissance. And the transition to digital is happening at a pace we’ve never seen before. In fact, 72% of CFOs believe the next three years will be more critical for their industry than the past 50. Yet only five percent feel they’ve turned digital into a competitive advantage.
To become a digital business, companies must transform both business processes and business models. And they need to go digital while protecting and even growing their core business investments.
No single technology can deliver on that promise. But the right combination of technologies and strategy can.
Rebirth of Business Value
At SAPPHIRE NOW in May, Mala Anand, president of SAP Leonardo and Data & Analytics at SAP, discussed the emergence of new systems of intelligence — through the Internet of Things (IoT), Big Data, analytics, embedded artificial intelligence (AI), machine learning, and blockchain.
“Each of these adds tremendous value to digital transformation,” Mala pointed out. “But the real power is when they work together to deliver business value.”
Data-driven systems of intelligence have the power to enable digital transformation and new business models. But taking advantage of them requires an understanding of the specific business problem to be solved and the right combination of technologies to apply.
As Mala explained, “With SAP Leonardo, we start with the business problem. We apply design thinking methodologies to define the desired solution. And then we apply rapid prototyping to make the solution a reality quickly.”
SAP Leonardo delivers business value by:
- Leveraging IoT technology to connect things with people and processes — and take advantage of Industrial IoT and the Internet of Everything (IoE).
- Embedding easy-to-consume machine learning capabilities in the business to take advantage of AI-based insights.
- Deploying analytics across the business to uncover new insights — and to develop new processes and apps based on intelligence.
- Connecting to, processing, managing, and storing Big Data from any source, structured or unstructured.
- Embedding blockchain services into applications to speed up transactions and increase trust, visibility, and security.
In short, SAP Leonardo integrates breakthrough technologies and runs them seamlessly in the cloud. It combines this functionality with design thinking methodology and SAP expertise. Ultimately, it helps companies rapidly adopt new capabilities and business models — and accelerate their digital transformation.
Find out more at SAP Leonardo Live on July 11 and 12 at the Kap Europa Congress Center in Frankfurt, Germany. The event will bring together a vibrant global community of up to 1,500 IoT, manufacturing, supply chain, R&D, and operations decision makers, influencers, analysts, and media. Learn firsthand from more than 50 SAP customer showcases how to connect IoT and core business processes to achieve digital transformation.