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:
Merck & Co., one of the world’s largest healthcare companies, has seen its data explode since it first implemented SAP Business Warehouse (SAP BW) on a third-party database that started...
Businesses of all sizes are feeling pressure from the ever-increasing data volumes they’re expected to handle. The growth in data often leads to “analysis paralysis” – the inability for organizations...
A friend of mine called up to talk about IoT. He works for a Global Systems Integrator and mentioned that their customers are going gaga over the trend and possibilities....
Please log in to post a comment.
No comments have been submitted on this article. Be the first to comment!
How to Design the Architecture and Develop an IoT Application on SAP HANA Cloud Platform
Quick Tip: An Introduction to SAP BusinessObjects Roambi Analytics
Lessons Learned from an SAP HANA Cloud Platform Implementation
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
© 2016 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.