Digital Boardroom will help executives answer the “what if?” questions.
Announced at the SAP TechEd conference earlier this month, SAP Digital Boardroom will give businesses the power to answer the question, “What if?” Built on SAP Cloud for Analytics, SAP Digital Boardroom is expected to use line-of-business data from the SAP S/4HANA suite and SAP HANA Cloud Platform to give directors access to all of the company’s data in real time, in a visually rendered format that is easy to share.
Board members and executives often spend hours sifting through data on several different platforms only to produce static, isolated reports. Even after all the time that goes into creating them, these paper documents and presentation slides are unable to inform follow-up questions that need to be answered in real-time. Digital Boardroom hopes to address this business need, giving users the tools they need to have more interactive meetings in which decision-makers can explore data to inspire more creative solutions.
“We have incorporated fully automated business intelligence capabilities that aim to dramatically improve the quality and speed of reporting as well as collaboration in real time,” Bernd Leukert, a member of the Executive Board of SAP SE, Products & Innovation, said in a press release. “Executives will be able to use SAP Digital Boardroom for instant, data-driven insights that address ad hoc questions and improve decision-making.”
What makes Digital Boardroom so responsive is its ability to combine data from both internal and external sources. In fact, the tool doesn’t store data at all. Instead, it responds to what-if queries using data from a company’s SAP infrastructure as well as by tapping competitor data from sources such as Yahoo Finance. With this information, it can forecast the results of potential business changes in easy-to-digest, visual graphs.
According to CIO Journal, SAP Digital Boardroom was born out of a conversation between the company’s CIO, Helen Arnold, and one of its co-founders, Hasso Plattner. After a meeting, Plattner asked Arnold why their reports had been distributed in Power Point, despite the company using its own data integration software. Arnold and her team then teamed up with engineers and finance to create a more effective reporting platform.
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