The present day’s business environment is very different from what it was before. The recent years have been a rollercoaster ride for businesses with fast-evolving technology. Fortunately, most businesses have been fast and agile to use advanced technologies to their advantage and stand out in the crowd. Following suit, more businesses are gaining interest in ways they can use technology to their advantage.
This is also the reason you will find the number of businesses using the SAP Business Technology Platform is growing by the day. This comprehensive solution is packed with all you need to support growth and reach better heights. Unfortunately, many are still unaware of what SAP BTP is all about. So, continue reading to better understand SAP BTP and learn how you can use it to your advantage.
What is SAP Business Technology Platform (SAP BTP)?
SAP Business Technology Platform (SAP BTP) is not a single solution but an umbrella term for a host of technology solutions. Using a simple analogy will make it much easier to understand what this platform is all about. So, let’s assume you have to build a cabinet for your home. You will need to go to a hardware store and get different materials to build the cabinets. Thus, the hardware store provides everything you need to build a cabinet for your convenience.
SAP BTP is not much different in the sense that it is the hardware store and other solutions are tools and resources to help you get things done. The platform cloud is hosted on the cloud and gives you access to many solutions designed to help you create a more engaging digitized experience. Besides that, you also get access to the enhanced capabilities of the SAP Cloud Platform.
Key Offerings of the SAP BTP
As mentioned earlier, SAP BTP is only an umbrella term for many solutions that help your business in different ways. But one great thing about this solution is it allows users to pick and choose what they need. This means you only pay for your business’s services instead of paying for everything that might not even benefit you.
Diving deeper into the offerings of the SAP BTP platform, one can find four primary offerings of the platform. So, let’s take a detailed look at each of these offerings individually.
1. SAP Analytics Cloud
Access to advanced analytics has become very important for businesses operating in this fast-evolving world. With that in mind, it is worth mentioning that the SAP BTP comes with embedded analytics via the SAP Analytics Cloud solution. It is no secret that SAP SAC is one of the finest business analytics platforms in the market.
As a result, your business gets access to unmatched analytical capabilities and generates highly valuable insights. Using advanced technologies such as machine learning and artificial intelligence, businesses can run simulations to determine the impact of decisions on the business.
This will allow you to enhance your planning cycles and stay ahead of the competition at all times. Better access to insights is always a plus for driving efficient and effective decision-making. So better decision-making will automatically tell your business growth with SAP BTP.
2. Database and Data Management
Data is the new driving factor of the 21st century. Also, growing advancements in modern technologies have fueled data’s significance in today’s business environment. As a result, businesses of all scales and different industries are using data to their advantage.
The SAP BTP comes with advanced database and data management capabilities that help you make the most of your data. For instance, the solution will help you facilitate seamless management and access to data. So, your organization stores and manages their increasing volumes of data more efficiently and effectively.
Hence using these capabilities will help you take a data-driven approach to run and manage your business. Also, you can collect, manage, and analyze your data at any time and place. This will help you enhance your strategizing and make profitable decisions to drive growth and stability.
3. Intelligent Technologies
Intelligent technologies are the backbone of the SAP BTP. This is how the platform provides its users access to many such features that help them thrive in this competitive environment. This means access to various technologies, including robotic process automation (RPA), artificial intelligence, machine learning, chatbots, etc.
All these technologies make it much easier for your business to streamline business processes and boost efficiency. Besides that, advanced and intelligent technologies help you run your business much more seamlessly and hassle-free. This will evidently help you enhance the quality of your products and services to enhance customer satisfaction.
Furthermore, leveraging the competencies of these technologies and features will help your organization facilitate better innovation. You can further use this innovation to enhance your existing processes and drive better results with minimal effort. As a result, your organization will also be better equipped with tools to deal with the changes in this fast-evolving business environment.
4. Development and Integration of Applications
Accessibility is one of the key factors influencing the market in this competitive environment. As a consequence, it has become very important for business ideas to keep up with fast-evolving customer demands and expectations. Making your business readily accessible to users is one way to suffice customer expectations.
SAP BTP allows you to create applications and work on enhancing their potential before extending them to a digitized landscape. You can further integrate the application with all your core operations to simplify business management and operation.
Furthermore, you can integrate your application with other third parties to enhance the reach of your business and attract more customers. Plus, SAP BTP is ideal for today’s business environment because you can use it on-premise. Cloud, or even hybrid infrastructure.
SAP Business Technology Platform or SAP BTP is precisely what most businesses need to stimulate their growth. So, leverage these explicitly curated capabilities of the SAP BTP and take your business to new heights with technology. Find the best SAP implementation companies to learn more about SAP BTP and the ways it can benefit your business.