A real-time data analytics tool, SAP Digital Boardroom aims to help CXOs interpret market metrics better and identify business risks
When required to take tough business decisions, board members are often faced with separate reporting solutions that present data in a static, isolated way. These data are based not just on market information and in-house numbers but are also culled from social media, making them even more unwieldy and non-cohesive.
To give a real-time strategic view of all this information in the form of business intelligence which can help an enterprise analyse current performance, predict future market scenarios and prepare for challenges and opportunities, German enterprise software maker SAP has launched in India its software solution christened SAP Digital Boardroom.
According to SAP India president and managing director, Deb Deep Sengupta, the SAP Digital Boardroom solution will contextualise and simplify performance reporting across areas of business in real time on multiple devices. “The SAP Digital Boardroom will enable interactive board discussion, and give decision-makers a simplified boardroom process, by allowing them to analyse large volumes of data, and identify business risks and opportunities in real-time,” he said.
The Digital Boardroom comprises three main screens, the overview screen, context screen, and the main and exploration screen. The business intelligence embedded Digital Boardroom aims to provide a 360-degree view on the company’s business position in the market with the help of these screens.
Simply put, the solution digs into enterprise information systems such as SAP’s HANA platforms to acquire line-of-business data. The information will be then put together in the form of visual stories or easy charts and graphs in the SAP Digital Boardroom.
The platform also allows predictive analysis as executives can drill down into the details, and if one variable changes at any level in any business area, one can see the impact on the
aggregated view on the dashboard immediately.
For further planning predictive scenarios, CXOs can also obtain comprehensive data-driven insights answering ad hoc questions and simulate the impact of “what-if” scenarios to financials and operations. The solution allows voice-enabled human interaction with machine through digital assistants such as Amazon’s Alexa. Sengupta said that the solution will allow decision-makers to understand the past, predict the future and ensure better decision-making in today’s era of digital transformation.
In a separate announcement, SAP India said that it has also adopted the cause of bettering cancer research in the country and announced its collaboration with the Ramesh Nimmagadda Cancer Foundation (RNCF), an NGO
focused on cancer data research. RNCF provides its custom made data collection software OncoCollect to institutions across India and also assists them with resources such as hardware, and manpower.
Working together with RNCF, the team at SAP aims to improve cancer treatment leveraging the capabilities of SAP Medical Research Insights and SAP Connected Health platform powered by SAP HANA that expedites data extraction, computation and visualisation to convert patient data into meaningful insights including predictive analytics. The project aims to maximise patient outcomes for populations in India and throughout the region.
Amazon Web Services (AWS) has joined SAP in this cause and will host the SAP Healthcare solutions and RNCF Software. SAP has pledged an
initiative to touch one billion lives in the Asia Pacific Japan (APJ) region by the year 2020.