Companies looking to invest in an enterprise resource planning (ERP) solution have a number of options, and at the front of the line, is SAP. The business intelligence software provider has made major strides recently with state-of-the-art technology solutions, including cloud options, big data analysis and mobility.
In a new interview with the website Investors, SAP co-chief executive Bill McDermott spoke about the current state of the company and where it plans on going. Back in July, the company posted its biggest-ever year-over-year percentage jump in software revenue when its second quarter numbers rose 26 percent to $1.21 billion.
According to McDermott, SAP – currently a $19.5 billion business – is on its way to being a $24 billion software company by 2015.
"Information technology needs to be thought of as business technology, because executives have to get results," said McDermott. "Companies are not going to get any better results by buying somebody's hardware or adding another services contract. They have to change the way they run their business. We think that we can make businesses run like never before. Strategic investments are going to business software and not to some of the commodities of the past."
McDermott credits SAP HANA – an in-memory database – as being the biggest growth area for the company. He also mentioned the continued growth of the cloud computing market, which is predicted to hit $2.4 billion by 2015.
For companies planning to implement an SAP solution, partnering with a consulting firm is a strong way to ensure every avenue of business has been taken care of and a complete solution is being deployed.