SAP has unveiled its plans to introduce a series of new business apps and update existing offerings based on its in-memory computing technology.
In-memory technology moves the data from traditional storage to RAM, providing a huge boost to a system's data processing speeds.
SAP's in-memory apps will be based on its HANA (High-Performance Analytic Appliance) technology that was released last year, the company said in a statement.
“With in-memory computing technology at the core, SAP is on its way to a new foundation for real-time business that brings together its innovations in virtualisation and cloud management, open integration as well as on-demand and mobile platform technologies,” SAP executive board member Vishal Sikka commented.
The company plans to release several business apps based on the technology including a tool that would allow a business's operations and marketing team to work together to drive forward results. Another tool planned by SAP will let finance employees decide the type of discount a consumer should receive using current and historical data.
SAP said that it will roll out a third tool that will bring analytical capabilities to smart meters. The company's Liquidity Management and Trade Promotion Management and Cash applications will also get updated with in-memory computing technology.