NTT Data Whitepapers
The IT world frequently enters into intense discussions about new technologies and methods. Generally, such discussions do not extend beyond the community and specialist media. Digitization, however, is the exception. The term itself, along with associated buzzwords such as the Internet of Things (IoT), Big Data, and Smart Factory have achieved a remarkable presence in public discourse.
The notion of Digital Twin has recently taken center stage to describe the live digital representation of a connected physical asset. While the idea of creating a computerized companion, which represents the actual state of an object dates back more than a decade, the rapid proliferation of the industrial internet of things (IoT) enables a scalable and cost-efficient implementation even for equipment with production cost as low as $100 while capturing Petabytes of live data from complex assets. However, connectivity and storage of IoT data are only the technical requirements to capture the full economic benefit of digital twins. This document explains SAP’s broader vision for digital twins and how they relate to business outcomes.
Business needs are changing rapidly. Digitisation, the Internet of Things (IoT), and social media are creating a data-driven culture where the amount and variety of information being produced is growing exponentially. New customer demands and the current prevalence of digital disruptors are also contributing towards this trend.
Against this background, traditional data warehouses are coming under fire. Many existing platforms are rigid and unable to combine diverse data types. In addition, they often fail to support ad-hoc reporting and can't answer forward-looking questions. As such, flexible, agile, and reliable data warehousing solutions are more necessary than ever. It is high time to adopt a modern data platform.
This white paper examines the five key challenges inherent in a traditional data warehouse approach (inflexible structure, complex architecture, slow performance, outdated technology, lack of governance) and explains how a modern data platform, based on SAP HANA®, can help eliminate them.
Evolving digital transformation demands are shaping the future of enterprise and public sector strategic priorities to develop new revenues and services, transform customer experiences, and automate processes. These digital transformation initiatives increasingly include mission-critical, end-to-end business processes and operations. To address these industry digital priorities, many organisations are interested in emerging industry cloud solutions to provide greater speed, responsiveness, lower cost, flexibility, intelligence, and increased efficiency.