The Differentiation – SAP Data Products and Insights Apps in SAP Business Data Cloud

Industry Expertise and Understanding

SAP has years of industry experience and a deep understanding of the data that drives businesses. This expertise is reflected in the solutions SAP provides, which incorporate industry best practices, delivered content, and comprehensive support. Unlike other solutions that might just offer platforms or tools for creating Data Products and content on top of them, SAP’s approach involves creating Data Products (and LOB specific or Cross LOB Insight Apps on top of them) for you, leveraging the knowledge and insights of domain experts (LOB). This ensures that the Data Products and Insight Apps are not only relevant but also aligned with industry standards and practices.

The SAP Difference in Data Products & Insight Apps

While the term “Data Product” is not new, the way SAP is delivering them is what makes the difference. Many solutions on the market allow you to create Data Products, which is undoubtedly beneficial. However, the key differentiation lies in who creates these Data Products. Other solutions might just offer platforms where data engineers or data modelers create data pipelines, business entities, semantic models, and data products based on articulated needs. In contrast, SAP creates Data Products (and Dashboards – Insights Apps) for you along with data replication flows (data pipelines), leveraging years of strong industry knowledge from LOB experts, ensuring that the products are designed with a deep understanding of the business and its requirements.

The Fundamental Principle

The fundamental principle of creating Data Products is that domain experts (LOB) should be responsible for creating data products. Domain teams own and understand their domain and data, including the information needs of their business. When other solutions allow you to create Data Products, the ownership often shifts to technical teams who may not have a complete understanding of the business or a particular domain. This can lead to Data Products that miss the mark in terms of relevance and effectiveness. Also, not every firm will have capacity from LOB experts/domain experts to sit and design Data Products and Dashboards relevant to them and also relevant to other consumers within the firm.

Real-World Examples

To illustrate the difference, let’s consider two examples:

Investing in ETFs/Mutual Funds: When planning to invest money in ETFs or mutual funds, what is the logical approach? Invest in ETFs/Mutual Funds offered by different institutions or investment firms who have years of experience and market information to create ETFs based on various categories, industries, sectors, trends, or top firms. Then, build a portfolio on top of that OR, would one hire financial and market experts, register a firm, get a platform, and create their own ETFs to invest? Similarly, SAP’s approach to Data Products and Insights Apps involves using pre-defined accelerators created by SAP industry experts, allowing businesses to build their portfolios (analytics landscape) without reinventing the wheel. In the world of Data Products, would you buy a platform and hire top experts to create your own Data Products (and Insights Apps), or would you opt for a platform where everything is already taken care?

Providing Education to Kids: When it comes to education, would you buy or rent a place, hire the best teachers for all subjects, and create a curriculum for each teacher, or would you send your child to the best school that has already sorted everything for you? SAP’s approach to Data Products and Insight Apps is similar to choosing the best school, where Data Products and Insight Apps have already been created and maintained by domain experts, ensuring they are relevant and up-to-date with industry shifts and trends.

Conclusion

SAP’s approach to delivering and managing Data Products and Insights Apps in SAP Business Data Cloud is unique and highly beneficial for businesses. By leveraging industry and domain expertise, SAP ensures that Data Products and Insight Apps are relevant, reliable, and aligned with industry best practices. This approach not only saves businesses time and resources but also ensures that these solutions are designed to meet the specific needs of the business.

Thanks!

Harji

In today’s data-driven world, businesses are constantly seeking ways to leverage data to gain insights, drive decision-making, and reduce time to value. Accelerating time to value is crucial for gaining a competitive advantage and staying at the forefront of the industry. While there are many solutions and platforms available in the market to create data products, it is SAP’s approach that sets it apart from the competition. SAP Insight Apps based on Data Products in SAP Business Data Cloud are created by domain experts (Line of Business (LOB)), ensuring that they are tailored to meet the specific needs of the industry. With just click of a button business users can be up and running in no time with Insight Apps and Data Products working behind the scenes.This blog will explore why SAP Data Products and Insights Apps are different and where the differentiation lies. Industry Expertise and UnderstandingSAP has years of industry experience and a deep understanding of the data that drives businesses. This expertise is reflected in the solutions SAP provides, which incorporate industry best practices, delivered content, and comprehensive support. Unlike other solutions that might just offer platforms or tools for creating Data Products and content on top of them, SAP’s approach involves creating Data Products (and LOB specific or Cross LOB Insight Apps on top of them) for you, leveraging the knowledge and insights of domain experts (LOB). This ensures that the Data Products and Insight Apps are not only relevant but also aligned with industry standards and practices.The SAP Difference in Data Products & Insight AppsWhile the term “Data Product” is not new, the way SAP is delivering them is what makes the difference. Many solutions on the market allow you to create Data Products, which is undoubtedly beneficial. However, the key differentiation lies in who creates these Data Products. Other solutions might just offer platforms where data engineers or data modelers create data pipelines, business entities, semantic models, and data products based on articulated needs. In contrast, SAP creates Data Products (and Dashboards – Insights Apps) for you along with data replication flows (data pipelines), leveraging years of strong industry knowledge from LOB experts, ensuring that the products are designed with a deep understanding of the business and its requirements.The Fundamental PrincipleThe fundamental principle of creating Data Products is that domain experts (LOB) should be responsible for creating data products. Domain teams own and understand their domain and data, including the information needs of their business. When other solutions allow you to create Data Products, the ownership often shifts to technical teams who may not have a complete understanding of the business or a particular domain. This can lead to Data Products that miss the mark in terms of relevance and effectiveness. Also, not every firm will have capacity from LOB experts/domain experts to sit and design Data Products and Dashboards relevant to them and also relevant to other consumers within the firm.Real-World ExamplesTo illustrate the difference, let’s consider two examples:Investing in ETFs/Mutual Funds: When planning to invest money in ETFs or mutual funds, what is the logical approach? Invest in ETFs/Mutual Funds offered by different institutions or investment firms who have years of experience and market information to create ETFs based on various categories, industries, sectors, trends, or top firms. Then, build a portfolio on top of that OR, would one hire financial and market experts, register a firm, get a platform, and create their own ETFs to invest? Similarly, SAP’s approach to Data Products and Insights Apps involves using pre-defined accelerators created by SAP industry experts, allowing businesses to build their portfolios (analytics landscape) without reinventing the wheel. In the world of Data Products, would you buy a platform and hire top experts to create your own Data Products (and Insights Apps), or would you opt for a platform where everything is already taken care?Providing Education to Kids: When it comes to education, would you buy or rent a place, hire the best teachers for all subjects, and create a curriculum for each teacher, or would you send your child to the best school that has already sorted everything for you? SAP’s approach to Data Products and Insight Apps is similar to choosing the best school, where Data Products and Insight Apps have already been created and maintained by domain experts, ensuring they are relevant and up-to-date with industry shifts and trends.ConclusionSAP’s approach to delivering and managing Data Products and Insights Apps in SAP Business Data Cloud is unique and highly beneficial for businesses. By leveraging industry and domain expertise, SAP ensures that Data Products and Insight Apps are relevant, reliable, and aligned with industry best practices. This approach not only saves businesses time and resources but also ensures that these solutions are designed to meet the specific needs of the business.Thanks!Harji Read More Technology Blogs by SAP articles

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