Data is exploding in size—with incredible volumes of varying forms and structures—and coming from inside and outside of your company’s walls. No matter what the application—on-premise or cloud, package or custom, transactional or analytical—data is at its core. Any foundational change in how data is stored, processed, and put to use is a big deal. Welcome to the in-memory revolution.
With in-memory, companies can crunch massive amounts of data, in real time, to improve relationships with their customers. As in-memory technologies move from analytical to transactional systems, the potential to fundamentally reshape business processes grows.
Technical upgrades of analytics and ERP engines may offer total cost of ownership improvements, but potential also lies in using in-memory technologies to solve tough business problems. CIOs can help the business identify new opportunities and provide the platform for the resulting process transformation.
Craig Hodgetts, principal, Deloitte Consulting LLP, describes how advances in in-memory technology are likely to radically change the way organizations can use ERP systems to support their business objectives.
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