“Today, when the entire world is connecting, interacting and converging through the internet, it is important for all businesses to deploy technology to create better and easy user experiences to harness this scenario. 'Digital transformation' entails 'radical rethinking' and 're-strategizing' concerning deploying technology for usable, accessible experiences and better outreach to a wide base of customers for your product and services. Thus, driving home, the point that how crucial it is to irreversibly transform via use of digital technology in the current business & social scenario.” - As per renowned Digital Transformation (DT) expert.
The alpha level analysis of AllTheResearch.com states that 53% of user stories fail while selecting the right tech partner who can help in achieving DT in agile and scientific manner. SAP has played a critical role in giving dimensions to DT for the energy and power sector, since last 10-12 years.
We have seen disruption SAP application has made on legacy business applications of the energy and power sector. In a way it has empowered existing leading businesses by offering a platform and environment which can enhance the business-critical systems. Naturally owing to the dependency of critical system energy and power users are very careful while attempting to change existing production SAP environments, due to possible outages. If we see the evolution curve, SAP has evolved from the original ERP R3 to ECC to S4 HANA. SAP S4 HANA is an in-memory columnar database architecture that is optimized for SAP users/systems. As per leading publisher AllTheResearch.com alpha level finding, in the next 3 years 88% of energy and power companies of the United States will embrace the SAP S4 HANA for below mentioned reasons:
Believe it or not, the risk of storing sensitive datasets on the cloud and cybersecurity threat is expected to reduce -45% by the next 3 years. This will impact the integration of cloud by energy and power players of the United States. At present, most energy and power players run on-premises today, but the integration of S4 will impact the usage of Cloud technologies.
Now the million-dollar question- When is this expected to happen and What revenue disruption it may cause; we should understand that migrating to the new platform will take some time, effort, and monetary investment and of course on the back of automated database clones. As per AllTheResearch answer to above question is, this transition will take 3 years to cross 90% penetration and the $7 billion mark. Our Market Intelligence report covered key pain points, challenges, voice of customers/technology enablers and Contribution of players by their positioning in the value chain.
Key Companies Mapped in SAP S4 HANA:
Request for Market Intelligence report on SAP S4 HANA’s role in digitizing, energy & power sector of the United States here: https://www.alltheresearch.com/speak-to-analyst/428
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