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August 31, 2023updated 07 Sep 2023 4:38pm

What is SAP?

The german software giant SAP has a lot to offer, with improving a business' experience as the objective

By Tech Monitor Staff

System Analysis Program Development (Systemanalyse Programmentwicklung), commonly referred to as SAP, is a global leader in enterprise software solutions and technology services. Founded in 1972 by five former IBM employees in Germany, SAP has grown into one of the world’s largest and most influential software companies, with a presence in over 180 countries and serving a diverse range of industries.

SAP’s primary mission is to help businesses run more efficiently and effectively by providing cutting-edge software solutions that address a wide spectrum of organisational needs. The company specialises in enterprise resource planning (ERP), customer relationship management (CRM), supply chain management, human capital management, and various other business applications.

Laptop computer displaying logo of SAP, a German multinational software corporation that makes enterprise software to manage business operations and customer relations
SAP is a German software company which aims to support businesses / Image: Shutterstock

What products does SAP offer?

One of SAP’s most iconic products is the SAP Business Suite, which includes the SAP ERP system. This suite enables organisations to manage their finances, logistics, human resources, and other core functions seamlessly. Over the years, SAP has expanded its offerings to include cloud-based solutions such as SAP S/4HANA, which provides real-time data analytics, machine learning and AI capabilities to help companies adapt and thrive in today’s fast-paced digital landscape.

SAP’s commitment to innovation is evident through its continuous research and development efforts. The company invests heavily in emerging technologies like blockchain, Internet of Things (IoT), and big data analytics to deliver state-of-the-art solutions that empower businesses to stay competitive.

The company’s extensive portfolio caters to organisations of all sizes and industries, providing them with the tools needed to transform their businesses, improve efficiency, and stay competitive in a rapidly evolving digital landscape. These products can be deployed on-premises, in the cloud or in hybrid environments to meet the unique requirements of each customer.

What is HANA?

SAP HANA, short for High-Performance Analytic Appliance, is an innovative in-memory database and application platform developed by SAP. It represents a significant advancement in the field of data management and analytics, enabling organisations to process and analyse vast amounts of data in real-time.

HANA stores and manages data in the computer‘s main memory (RAM) rather than traditional disk-based storage. This in-memory approach dramatically accelerates data processing and retrieval, making complex calculations and analytics significantly faster. Indeed, this software can ingest, process and analyse large volumes of data with minimal latency, enabling businesses to make decisions based on the most up-to-date information available.

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It is a multi-model database, as it can handle various types of data, including structured and unstructured. HANA supports relational, graph, text and spatial data models within a single database, allowing organisations to gain insights from diverse data sources. With its geospatial skills, it can also process location-based information, making it valuable for industries like retail, logistics and utilities.

These are just some of the functions that HANA offers, further proving that it has revolutionised how businesses manage and utilise their data assets. It has applications across various industries, including finance, healthcare, manufacturing and retail, where real-time insights and advanced analytics are critical for staying competitive and making informed decisions. As a result, SAP HANA has become a foundational component of the company’s product ecosystem and a key enabler of digital transformation for businesses worldwide.

Read more: SAP boosts digital transformation portfolio with LeanIX acquisition

 

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