When it comes to making highly informed business decisions, board members, executives and decision-makers are often faced with separate reporting solutions that present data in a static, isolated way. But with change in various aspects in the business world, traditional meeting is also on the way to transformation. Having said this, you can now empower your C-suite with a digital platform that includes real-time business intelligence and ad-hoc analysis via SAP Digital Boardroom.
SAP Digital Boardroom gives senior management and C-Suite executives, access to business data and analytics, allowing them to gauge their company’s standing in the market as compared to their competitors. This approach aims to help companies monitor and drive change in the digital economy through digital assistants such as Amazon Alexa.
Built on the SAP Business Objects Cloud solution, this new discovery is expected to utilize line-of-business data from the SAP S/4HANA suite and SAP HANA cloud platform to give forecasting about the company’s critical business metrics. This approach aims to help companies monitor and drive change in the digital economy. It aims to harmonize the view of company operations across all lines of business on multiple devices. This view enables users to understand the past, assist in predicting the future and helps in faster and better decision-making in today’s era of digital transformation.
Deb Deep Sengupta, President & Managing Director, SAP Indian Subcontinent, said,
'Technology is changing the rules of business and disruption is becoming the norm. As business leaders we need to absorb, understand and adapt with agility and speed to constantly changing circumstances.”
The ability to plan, predict and analyse on a simple scalable model in the cloud on any data will redefine how organisations approach analytical opportunities. For example, Marketing department across different companies will have the ability to ingest data from anywhere, quickly predict precision segments, plan campaign spend, execute and analyse the impact all from one simple product.
Sengupta also commented,
'The SAP Digital Boardroom will enable an interactive board discussion, and give decision – makers a simplified boardroom process, by allowing board members to analyze large volumes of data, and identify business risks and opportunities in real-time. This is a true business advantage all C-Suite executives need in the fast-moving cloud economy."
SAP Digital Boardroom is designed to deliver multiple benefits including:
Simplified boardroom processes: The SAP Digital Boardroom can run on multiple screens simultaneously displaying information from different databases. The essential business intelligence embedded in the system provides better and faster reporting as it provides a holistic 360 degree view of the company’s business position in the market. Due to this, it is thus possible to work with more people in a single dataset creating one version of reality. It is delivered through a modern touch-screen experience, whether using a projector, a laptop or a wearable device. Rich visualizations of live data eliminate static presentations. New collaboration features assign and track action items even outside of scheduled meetings.
Total transparency: Standards-based reporting on financials, operations, marketing and sales are based on a single source of the truth, delivered in real time, with no data duplication.
Instant data-driven insights: Powerful analytical exploration functions use a simple user interface to address ad hoc questioning and support improved decision-making. Company executives can obtain comprehensive data-driven insights answering ad hoc questions and simulate the impact of “what-if” scenarios to financials and operations.
Redefining analytics in the cloud and on-premise: Building on SAP’s commitment to deliver ongoing innovations to existing analytics solutions delivered on-premise and in the cloud, SAP BusinessObjects Cloud solution represents a new software-as-a-service (SaaS) offering. It brings together all analytics features into one solution for a unique user experience. Content from different business areas can be aligned on a single semantic model within the SAP BusinessObjects Cloud – leveraging the core services. It can be directly connected to local SAP S/4HANA, SAP HANA, and SAP BusinessWarehouse platform content, or other data sources through either Smart Data Integration, or HANA Cloud Integration.
The future boardroom
Digital Boardroom is expected to keep its promises and will create the possibility to efficiently analyse and adjust data in real-time during meetings. The Digital Boardroom will answer both today and tomorrow’s expectations.
This news analysis has been built from the session delivered at SAP Spotlight Tour at Taj Vivanta, Surajkund on 1st December 2016.