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Software, software everywhere

Enterprise software has come a long way. In the beginning, it was the purview of a select, exclusive group. Running on mainframe computers and accessed through green-screen terminals, software had an almost mystical quality to it—those applications were few and far in between. Fast forward through the client-server, web, mobile, and IoT eras and software has become much, much more abundant. Indeed, software is “eating the world,” to quote Marc Andreessen. 

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Algorithm & Analytics: Propel Digitization to deliver Business Value

“Data is inherently dumb... Algorithms are where the real value lies. Algorithms define action.”
- Peter Sondergaard, SVP of Gartner research
While a good number of businesses are in daze over the hype around technology buzzwords like “Big Data” and “IoT” often attributed to the hysteria unleashed by IT vendors and industry, a few have set their eyes on something that is even older than computing, Algorithms. More precisely machine learning algorithms. Gartner predicts that
 
  • By 2017, enterprises making decisions controlled by differentiated algorithms will achieve a 5% to 10% increase in revenue
  • By 2018, 40% of digital commerce sites will use price optimization algorithms and configure/price/quote tools to dynamically calculate and deliver product pricing.
  • By 2020, poor customer experiences will destroy 30% of digital business projects.

 

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Algorithm & Analytics: Propel Digitization to Deliver Business Value

Data is inherently dumb... Algorithms are where the real value lies. Algorithms define action.
- Peter Sondergaard, SVP of Gartner research.
 
While a good number of businesses are dazed over the hype around technology buzzwords like “Big Data” and “IoT” often attributed to the hysteria unleashed by IT vendors and industry, a few have set their eyes on something that is even older than computing—Algorithms. More precisely, machine learning algorithms. Gartner predicts that:
  • By 2017, enterprises making decisions controlled by differentiated algorithms will achieve a 5% to 10% increase in revenue.
  • By 2018, 40% of digital commerce sites will use price optimization algorithms and configure/price/quote tools to dynamically calculate and deliver product pricing.
  • By 2020, poor customer experiences will destroy 30% of digital business projects.
Well, the obvious question that would pop up is how can we mitigate this risk? Application design and architectures are undergoing a rapid transformation moving away from a specified requirement based objective, to having systems that evolve, observing human behavior and nuances. Digital products should be designed to evolve in response to the behavior of their users.
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IoT – The Way Forward

Imagine several billions of connected devices with embedded microchips that are communicating, emitting data. With their signals crisscrossing the planet, they are ushering in a new world—the world of the Internet of Things (IoT). 
 
Making inanimate objects ‘smart’, the development of the IoT truly represents a game changing moment. Analyzing the vast new streams of data from all these devices will provide opportunities to literally transform the world. The IoT is at a very early stage of evolution. We are just about getting started. Consumer applications of the IoT have been receiving a lot of press lately. But B2B is where we should be seeing serious action. 
 
Consider the end-to-end ‘macro’ supply chain from manufacturing to logistics to retail to consumers. The transformative potential of the IoT is just immense—manufacturers taking out inefficiencies from their systems and uncovering new opportunities; logistics operators tracking assets, parcels, and people in real time; retailers extracting greater efficiencies and profits from their physical stores; and consumer products, light bulbs to security alarms to air conditioners and more, running Internet connections. 
 

  Whitepaper: The Internet of Things: Developing a Vision      

 

 

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Accessing HANA Cloud developer edition from Amazon Web Services

Introduction

The intention of this blog is to help people who want to get hands on to HANA Development using Amazon Web Services (AWS). The step by step process (applicable as of today) to get connected to a HANA instance on AWS is explained below. Please note that cloud service charges may fluctuate from time to time, so make sure the usage charges fits your budget.

Setting up an Amazon (AWS) Account

Log on to Amazon web services(AWS)[  https://aws.amazon.com/].  Note: credit / Debit card details should be furnished here. The cloud service is charged on a monthly basis based on usage.AWS will charge you a small amount ( 2 INR or so) while validating your account. AWS will do an IVR verification via the mobile number provided.