B2B Payments

SAP’s HANA Gets A Big Data Update

B2B software behemoth SAP quieted skeptics last April when it released its 2015 Q1 earnings report, which revealed that its cloud revenue grew by 24 percent. Soon after, SAP revealed that its enterprise resource planning SaaS platform HANA would be joining the cloud and launched the HANA Cloud Platform for the Internet of Things.

“It’s now firmly established that the disk-based database cannot handle the data explosion in the enterprise,” said SAP CEO Bill McDermott during the company earnings call.

The success of HANA is once again meshing with SAP’s efforts to provide Big Data services to companies. SAP announced Tuesday (June 16) that HANA will be adding even more features all aimed at Big Data and IoT capabilities.

The updates, which come in the form of service pack 10, strengthen the platform’s ability to provide data to businesses and develop apps for data and IoT purposes. “The new capabilities of SAP HANA ensure data center-readiness, synchronization data to any remote system, extend high availability and disaster recovery of enterprise data and perform advanced analytics,” said SAP chief technology officer Quentin Clark. “We are readying our customers for the inevitable digitization of our entire economy.”

Reports highlighted the remote data synchronization feature in the updates, which provides enterprise with the ability to sync up data between multiple remote locations and the actual business. The feature means developers will be able to access and leverage that remote data for new mobile apps.

In addition to these offerings, the HANA updates include faster data transfer using Spark SQL, incremental data backups, and the support of large-scale data projects with more than 12TB of memory, according to reports.

Updates to the HANA platform come as SAP reports that more than 6,400 businesses currently use the tool, while HANA Cloud added an additional 1,400 users. This year alone, SAP said that 370 new business customers have signed on for SAP Business Suite 4 SAP HANA as the company’s Business Warehouse app on the HANA platform has seen similar growth.

Startups in particular have flocked to SAP, the firm added, with more than 1,900 using the service.

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LIVE PYMNTS ROUNDTABLE: MODERNIZING & SCALING FOR THE NEW NORMAL

The pressure on banks to modernize their payments capabilities to support initiatives such as ISO 20022 and instant/real time payments has been exacerbated by the emergence of COVID-19 and the compelling need to quickly scale operations due to the rapid growth of contactless payments, and subsequent increase in digitization. Given this new normal, the need for agility and optimization across the payments processing value chain is imperative.

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