Unlocking Business Growth with Data

Data is the lifeblood of modern business, and as the amount of data generated continues to grow at an unprecedented pace, companies need to be able to effectively manage and utilize this data to remain competitive. That's why SAP's recent announcement of their new SAP Datasphere platform is such a game-changer for businesses looking to unlock the full potential of their data.

?In a recent conversation between SAP's Chief Product Officer & President of SAP HANA Database & Analytics, Irfan Khan and Rob Spinks, Head of SAP Business Technology Platform for ANZ, the two discussed the importance of SAP Datasphere and how it will enable businesses to more effectively manage and utilize their data. According to Khan, SAP Datasphere is "a virtualized business data fabric layer that brings together all the data in the company, both internal and external, into one centralized platform."

?One of the key benefits of SAP Datasphere is that it allows businesses to break down the silos that often exist between different departments and systems. By virtualizing data, SAP Datasphere allows businesses to more easily connect and utilize data from across the organization. This, in turn, allows for better decision-making and the ability to more effectively leverage data for business insights.

?During the conversation, the two also discussed the importance of partnerships in the success of SAP Datasphere. One of the partners mentioned was Collibra, which provides governance, lineage, and privacy solutions for data. DataBricks, DataRobot, and Confluent were also mentioned as significant partners in the machine learning and streaming spaces. These partnerships enable SAP to provide their customers with best-of-breed solutions for managing and utilizing their data.

?The conversation also touched on the importance of data and analytics in the current business climate, which has been marked by significant uncertainty. According to Khan, businesses need to have a 360-degree view of their data to be able to effectively navigate this uncertainty. SAP Datasphere enables businesses to do just that by providing a centralized platform for managing all their data.

?Looking to the future, Khan predicts that AI and natural language processing will become increasingly important in the field of data and analytics. As the amount of data generated continues to grow, businesses will need more intuitive solutions for managing and utilizing their data. Khan also predicts that operational data systems will become more forward-looking, providing businesses with predictive value and the ability to make better decisions based on their data.

?In closing, Spinks expressed his excitement about the future of SAP Datasphere and the benefits it will bring to SAP's customers. "We unlock all data for all users for all purposes and all different use cases," he said. "I think the experience for SAP customers is going to be a really good one as we roll forward after the launch of SAP Datasphere, and I think the future is bright."

?Overall, SAP Datasphere is a significant step forward for businesses looking to more effectively manage and utilize their data. By breaking down silos, providing a centralized platform for managing data, and partnering with best-of-breed solution providers, SAP is helping businesses unlock the full potential of their data. Looking to the future, the possibilities for AI and natural language processing in the field of data and analytics are exciting, and it's clear that SAP will continue to be at the forefront of these developments.

Take a listen here