Networks Fuel Next Wave of Business Transformation
New podcast outlines how companies are leveraging digital communities to move beyond transactions and drive innovation and competitive advantage
SUNNYVALE, Calif., April 22, 2014 – Networks drove the first wave of business transformation. And the second is officially underway. Initially designed as a more efficient way to connect and collaborate, business networks have become a platform for innovation. And as a newly released podcast outlines, companies are embracing them to gain insights and enable new processes that drive competitive advantage.
“The power of data-driven business networks and the analytics derived from them are increasing,” said Dana Gardner, Principal Analyst, Interarbor Solutions and host of the podcast on BriefingsDirect, an IT news and trends discussion forum. “So too is the power of companies that are tapping into them as a means to deliver new services and products along with cost savings and efficiencies.”
Fueled by the connectivity and insights of business networks like the Ariba Network, organizations around the world are moving beyond transactions to deliver innovation and business outcomes.
“The consumer today really expects better, newer, and more innovative products in a rapid fashion and at a cheaper cost,” said Andrew Bartolini, Chief Research Officer of independent research firm Ardent Partners. “Companies are increasingly relying on business networks to deliver on this.”
And in the process, they are transforming their business. “The community intelligence, data and insights that live within networks provide infinitely more information that makes executives smarter and enables better business decisions,” said Rachel Spasser, Senior Vice President and Chief Marketing Officer of Ariba, an SAP Company. “And that is really changing the game.”
Best-in-class organizations used to be defined by their process discipline and ability to drive efficiencies and effectiveness. Today, it’s all about agility and innovation. And according to Bartolini, companies are turning to business networks to quickly enable it.
“From our research, we’re seeing that, organizations can invest in a business network and get a payback within a year,” he said.
Used by more than 1.5 million companies to transact over half a trillion in commerce on an annual basis, the Ariba Network is the world’s largest, most global business-to-business trading platform. To learn more about the network and the transformation it is enabling form companies of all sizes, across industries, visit www.ariba.com.
About Ariba, an SAP Company
Ariba is the world’s business commerce network. Ariba combines industry-leading cloud-based applications with the world's largest web-based trading community to help companies discover and collaborate with a global network of partners. Using the Ariba® Network, businesses of all sizes can connect to their trading partners anywhere, at any time from any application or device to buy, sell and manage their cash more efficiently and effectively than ever before. Companies around the world use the Ariba Network to simplify inter-enterprise commerce and enhance the results that they deliver. Join them at: www.ariba.com
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 253,500 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.
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