|[January 15, 2013]
Business Networks Fuel Next Wave of Innovation and Productivity
SUNNYVALE, Calif. --(Business Wire)--
Nearly 14 billion years ago, massive forces of gravity and friction
converged to spark the big bang that gave life to the universe as we
know it. The same convergence is now happening in the business world.
And industry watchers say it will fuel the next wave of innovation and
productivity. In a newly released podcast,
industry watchers explore how digital communities and big data are
coming together to help companies achieve new levels of performance and
profits - and how companies like Ariba,
an SAP (News - Alert) company and the world's business commerce network, are driving
"Major technology shifts like cloud computing, mobility, and social and
business networks have sparked an explosion of a new class of
'unstructured' data - texts, tweets, blog posts, web-based videos, and
other social postings," said Dana Gardner, Principal Analyst, Interarbor
Solutions and host of the podcast on BriefingsDirect,
an IT news and trends discussion forum, "Companies that can harness this
information stand poised to gain unique insights that give them
significant advantage over their peers and enable them to improve their
performance and profits."
According to Gardner, business networks like the Ariba
Network are the ticket to doing just this. "By and large, people
recognize that the information they want is out there, and it's simply a
matter of getting the right data and executing on it," Gardner says.
"Business networks like Ariba are ready-made for this."
Zachary Tumin, Senior Researcher at the Science, Technology, and Public
Policy Program at the Harvard Kennedy School, who participated in the
podcast, agrees. "The world is changing fast, and you have to be able to
manage the volatility, velocity, volume and variability in order to
learn and adapt," he says. "The opportunity of the networked world is
that you can share insights and loop it across the network, so that
people understand how to improve every day and every way the core
business processes that they're responsible for."
Business networks have been key enablers of the first-wave of
globalization, making it as easy and transparent to conduct business
with a partner on the other side of the world as with one across the
street. Close to 1 million companies use the Ariba Network, for
instance, to discover, connect and collaborate with their trading
partners around the world and transact more than $400 billion in
commerce on an annual basis.
But networks are about more than just connecting companies, people and
processes Their real power lies in what goes on inside them - all the
interactions, transactions and commentary - and the massive amounts of
unstructured data that they generate.
"Traditional relational or structured data from internal transactional
systems may have served as the foundation for analytic efforts in the
past," says Tim Minahan, Senior Vice President, Network Strategy, Ariba.
"But by combining it with the vast amounts of unstructured and
community-generated information accessible on social and business
networks today, companies can gain new insights that enable them to make
more informed business decisions."
Leveraging the hundreds of billions of dollars of financial transactions
and transactional data along with relationship history that resides in
business networks, for instance, buyers and sellers can make more
informed decisions by detecting changes in buying patterns or pricing
trends and provide confidence and qualifying information on a potential
- yet unfamiliar - trading partner. And, when combined with
community-generated ratings and content, they can glean not only
real-time insights, but also recommended strategies for moving their
By accessing the real-time insights into invoice approval status married
with historical data on payment patterns of given buyers that business
networks provide, banks and other service providers can remove the risks
from receivables financing, allowing them to offer more competitive
rates and new services to network members that increase revenue.
And with the right technologies, they can do it in real time. "With new,
powerful, in-memory data platforms like SAP HANA®, companies
have the ability to instantly offer up insights into massive structured
and unstructured data sets at the point of either purchase or sale
decision, so employees and customers can make more informed decisions
about who to engage with or what terms to take or how to approach a
particular category," Minahan says. "That is particularly powerful and
something you can't get in a non-networked model."
There's no doubt that big data is getting bigger. But so too are the
possibilities for businesses that effectively harness it. To learn more
about how Ariba can help, visit: www.ariba.com
About Ariba, an SAP Company
Ariba is the world's business commerce network. Ariba combines
industry-leading cloud-based applications with the world's largest
web-based trading community to help companies discover and collaborate
with a global network of partners. Using the Ariba® Network,
businesses of all sizes can connect to their trading partners anywhere,
at any time from any application or device to buy, sell and manage their
cash more efficiently and effectively than ever before. Companies around
the world use the Ariba Network to simplify inter-enterprise
commerce and enhance the results that they deliver. Join them at: www.ariba.com
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 197,000 customers to
operate profitably, adapt continuously, and grow sustainably. For more
information, visit www.sap.com.
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 (News - Alert)"), 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.
© 2012 by SAP AG. All rights reserved.
SAP and the SAP logo are
registered trademarks of SAP AG in Germany and other countries. Business
Objects and the Business Objects (News - Alert) logo are trademarks or registered
trademarks of Business Objects Software Ltd. Business Objects is an SAP
company. Sybase and the Sybase logo are registered trademarks of Sybase (News - Alert)
Inc. Sybase is an SAP company. Ariba, the Ariba logo, Quadrem,
b-process, Ariba Discovery and other Ariba products and services
mentioned herein as well as their respective logos are trademarks or
registered trademarks of Ariba, Inc. or its subsidiaries in the United
States and other jurisdictions. Ariba is an SAP company.
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.
Follow SAP on Twitter (News - Alert) at @sapnews.
[ Back To TMCnet.com's Homepage ]