In late August 2012, the Infocomm Development Authority (IDA) unveiled the latest edition of its Infocomm Technology Roadmap (ITR) to chart technology trends that will figure strongly in three to five years.
Computerworld Singapore is taking the opportunity to set the ITR as the foundation layer for its year-ahead feature. Heavyweights in the enterprise IT space talk about their perspectives on the Roadmap; the industry developments and customer demands that they foresee happening in the specific themes that these technology giants operate in.
In the thirteenth part of a regular feature, SAP talks about its 2013 product and services roadmap, industry developments, customer demands and case study scenarios. There are two spokespersons, Michel Borst, Vice President, Financial Services Industry, SAP Asia Pacific Japan, who focuses on Big Data, and Vivek Puthucode, Vice President, Public Services Industry, SAP Asia Pacific Japan, who elaborates on cloud computing.
Michel Borst, Vice President, Financial Services Industry, SAP Asia Pacific Japan on Big Data
Big Data has been one of the top priorities of CIOs in the past few years. In 2013, Big Data makes its move into the list of the CEO. With the innovative technology to handle Big Data becoming mainstream and more affordable, companies have put the necessary infrastructure in place. The race is now on to make best use of the data to deliver value.
The Big Data topic has always been dominated by data generated by social media sites. However, it is the analysis of other sources of data which already exist in the organisation that will drive transparency, operation efficiency, cost reduction and changes to business processes. The technology required to create value out of the large volumes of internal data from disparate sources were out of reach of most companies previously. Data needs to be collated, processed, analysed and made available to users who require it to make better decisions in a timely manner. The advances in the technology to enable this:
- In-memory technology which processes millions of rows of data in seconds.
- Analytics software which not only delivers highly visual results in business user friendly format, but is also easier to use, making it accessible to more people instead of a handful of data analysts.
- Mobile technology which allows information to be instantly available on mobile devices like smartphones, tablets anytime, anywhere.
It is no longer sufficient to have information the next working day, the next week or the end of the month. Your customers, shareholders, suppliers, competitors have information in their fingertips and you are expected to have it too.
The Big Data revolution is expected to continue to disrupt established industries and current business models.
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