by Jodee Hale-Schmid
November 4, 2010
Authored by: Dave Lepa, Director Canadian Sales, Utopia, Inc
Crude oil and enterprise data share one common fact in that they are both intrinsically worthless. Crude oil on its own is a just a barrel of nasty gunk that really has no value or purpose unless it gets refined. It is the refining process that unlocks significant value as it yields many types of fuel and also several base components used in the chemical industry. It’s what you can do with crude oil that creates such value and power in today’s economy. Enterprise data shares this similar property to crude oil as the real value of data is created when it is processed with business applications to support operations, decision making and reporting within an organization. The organizations that can best process their enterprise data effectively with innovative applications will create value for their stakeholders and to the economy as a whole.The similarity between crude oil and enterprise data I believe comes to an end after this initial illustration. Crude oil needs to be constantly explored beneath the subsurface of the earth at great economic and environmental costs. It is
indeed a limited commodity which is not a sustainable fuel source. Enterprise data however, is limitless and can be collected easily in a variety of ways at costs that are minuscule in comparison to the finding costs of crude oil. Maybe we should consider our enterprise data as a sustainable energy commodity for our companies! Now if I can only get my car to run on this stuff…
An email has been sent to:
IDEXX Laboratories, an animal health diagnostics and veterinary software innovator, prides itself on the quick turnaround of diagnostic test results for its customers. Internally, the business planning team was not...
Watch this presentation by Matt Theurer, Virtustream’s co-founder and SVP of product management, as he answers common questions about cloud consumption economics and explains how patented Virtustream μVM technology drives...
When Nature’s Way, a global multi-branded marketer, developer, and manufacturer of premium dietary supplements and homeopathics, realized that it had outgrown its homegrown customer relationship management application, it began the...
Please log in to post a comment.
No comments have been submitted on this article. Be the first to comment!
Analyzing Sensor Data in SAP HANA in Real Time
An Overview of SAP BW/4HANA and Key Considerations When Making the Decision to Migrate
SAP Data Services Part 3: How to Extract, Transform, and Load Data into SAP HANA
See more »
SAPinsider is published by WIS Publishing, a division of Wellesley Information Services.
20 Carematrix Drive, Dedham, MA 02026 USA
Sales and Customer Service: 1(781)751-8799; firstname.lastname@example.org
© 2017 Wellesley Information Services. All rights reserved.
Online ISSN #2155-2444, Print ISSN #1537-145X
SAP and the SAP logo are trademarks or registered trademarks of SAP SE in Germany and other countries.