What is SAP HANA?
SAP HANA is a high-performance analytical database that processes enormous chunks of data in a short period. It maximizes the use of memory database technology to execute and speed data-driven actions/decisions. This technology thrives because of its in-memory computing engine, allowing it to process data stored in RAMs rather than reading it from the hard drive. As such, this will enable it to provide instantaneous result and analysis for transactions. In other words, it is a database that is faster than any traditional database that runs on a disk.
What are the application areas of SAP HANA?
- Security and fraud detection.
- Forecasting and profitability reporting.
- Monitoring of telecommunications network.
- Supply chain and retail optimization.
- Monitoring and optimization of energy use.
Why use SAP-HANA?
For business intelligence: SAP-HANA offers companies with advanced analytics, data processing and machine learning tools. As a result, this feature has allowed companies to handle large amounts of data and gain new insights. Also, this feature has allowed businesses to access information in real-time and explore further market opportunities.
For faster processing: SAP-HANA reduces the time it takes an ERP system to process data. Further, its in-memory capability allows it to produce comprehensive reports in a short time. As such, this will enable organizations using SAP HANA to make decisions based on real-time data.
For flexibility: SAP-HANA allows businesses to integrate their data both internally and externally seamlessly. Further, it can also be combined with numerous ERP software and function pretty well with other databases. This means that if an organization were to implement the use of SAP-HANA, they don’t need to do away with their systems and database. Instead, they can implement SAP-HANA alongside their old systems.
Execution downtime: Migrating to SAPHANA can lead to downtime in execution; the staff will need to learn the new system before implementation. As such, this can result in low productivity during the usual work hours.
The bottom line
As seen above, SAP HANA is the new norm to data storage, collection and retrieval. It has allowed companies to stay ahead of the competition. This is because it has no boundaries, and is scalable to the cloud. In simpler terms, SAPHANA is the way forward for businesses that want to optimize mobile technology, cloud computing services, machine learning, and make use of IoT devices.