SAP Data Strategy
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What Is SAP Data Strategy?
Business and IT executives are convinced that data equates to value. Yet, to convert data into tangible business value, companies need a strong data strategy.
SAPInsider research on Data Management and Data Warehousing on Cloud found that 58% of respondents are completely or mostly satisfied with how their data strategy is meeting their organization’s data access, reporting, and intelligence requirements, while 33% are partially satisfied.
What Is SAP Data Strategy?
Business and IT executives are convinced that data equates to value. Yet, to convert data into tangible business value, companies need a strong data strategy.
SAPInsider research on Data Management and Data Warehousing on Cloud found that 58% of respondents are completely or mostly satisfied with how their data strategy is meeting their organization’s data access, reporting, and intelligence requirements, while 33% are partially satisfied.
A data strategy is a vision for how a company will collect, store, manage, share, and use data. Increasingly, enterprises recognize the importance of formulating an enterprise data strategy that spans across SAP and non-SAP data.
A good data strategy is driven by the business strategy. It translates the goals, risks, and requirements of the business into data models, processes, policies and technologies. Without a good data strategy, the organization is likely to have inefficient and poorly executed business processes, frequent data privacy and compliance issues, poor data analytics, customer dissatisfaction due to delays and errors, and significant costs due to manual operations.
Many specialist consultants can help companies with data strategy such as Pythian and cbs-Consulting.
Data Strategy Elements
There are four commonly acknowledged elements of data strategy that generate questions to consider:
- Goals and Objectives for Data: What are the goals for data? For example, goals may be to enable enterprise analytics and smooth business processes, provide data to business users efficiently, and reduce data storage costs. Companies also have short-term goals such as consolidating data stores in one location or cleaning up master data.
- Organizational Roles: What are the roles that manage or use the data? Data architects and engineers may build the data infrastructure, data scientists may use it for analytics, while business users may create, update, or use specific data based on their role.
- Data Architecture: Where will data be stored and how will it be accessed? A wide variety of storage is used both on-premise and on cloud. Increasingly, companies are consolidating data on the cloud in the form of data lakes, data hubs, or data warehouses with SAP HANA or other solutions. Vendors like Dell, NetApp, NTT Data, and TIBCO offer robust solutions to store and manage data.
- Data Management: How will data be governed, converted, transported, and archived? Data is considered a business asset; similar to a physical asset, companies develop ways to govern its use and manage it over its lifecycle. There is a proliferation of vendors offering services such as master data governance, including the Laidon Group.
In addition to the above, companies are now considering a short-term data strategy around how to migrate to SAP S/4HANA. This presentation, Data Readiness and Preparation for Your SAP S/4HANA Implementation, outlines how to develop a data foundation during and before the migration.
16 results
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An Introduction to SAP Data Hub
Published: 08/January/2018
Reading time: 11 mins
Marc Hartz, SAP Data Hub Product Manager, joins SAPinsider for a podcast to discuss SAP’s new DataOps management solution. Topics covered include features and functionality, use cases, and how SAP Data Hub eases the challenge of orchestrating and monitoring data across enterprise systems and distributed data systems. Below is a lightly edited transcript of the…
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Navigate the Complexities of Big Data with SAP Vora
Published: 01/December/2017
Reading time: 13 mins
In today’s world of distributed and near endless big data, IT faces a wealth of new challenges. Data scientists must find ways to work with multiple data sets pulled from a myriad of sources to derive conclusions and reach actionable business decisions. SAP Vora, an in-memory query engine that plugs into the Apache Spark execution…
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SAP Capture Solutions: The First Step in Digital Transformation
Published: 01/December/2017
Reading time: 11 mins
Today, economic conditions are motivating corporations to embrace digital transformation to increase the speed, accuracy, and immediate visibility of their business processes. The digital journey strategy is based on advanced technology and process optimization. The first step in the digital journey is essential for transforming manual data capture to digital capture and ingestion in an…
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Are Your Data Uploading Processes Slowing You Down?
Published: 25/January/2017
Reading time: 2 mins
As the need for more timely and accurate financial data continues to grow, many organizations are looking for ways to automate and streamline their data uploading practices. The learning curve for new technology can often be challenging, however, and can create resistance to change. This article shows how to automate data uploading in SAP landscapes…
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Merck Focuses on Data-Driven Platform Strategy
Published: 19/December/2016
Reading time: 7 mins
Merck & Co., one of the world’s largest healthcare companies, has seen its data explode since it first implemented SAP Business Warehouse (SAP BW) on a third-party database that started to struggle as Merck’s massive data volumes hit the 15TB mark. To enable deep analytics insights and real-time access to all its growing data, Merck…
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How Carlisle Companies Reconstructed Its SAP System and Scaled Its Massive Data
Published: 13/January/2016
Reading time: 1 min
As a diversified manufacturer and leading supplier of premium building products, Carlisle Construction Materials meets the demands of two all-encompassing markets: residential and commercial. The company manages its product lines and services through its complex SAP ecosystem. Due to the company’s rapid development, multiple customer channels, and diverse offerings, Carlisle processes massive data daily. Read…
Featured Experts
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Akash Kumar
Associate General Manager, HCL
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Ingo Hilgefort
VP Business Analytics at Rizing
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