Relational Databases have been around for more than 25 years. They are the backbone of companies to manage business data. Now it is time for a change. Huge progress was made in the recent years, e.g. in terms of multicore processor and gigantic main memory capacity. Jim Gray from Microsoft predicted in 2006 that “today’s disc is yesterdays” tape. This is happening now. Business data can be processed enormously faster and there is a revolution coming from the application side. When SAP reviled its new database technology High Performance Analytic Appliance (HANA), the two famous company founders Larry Ellision (Oracle) and Hasso Plattner (SAP) exchanged their opinion on the topic via youtube. We can strongly recommend both videos:
Speed is an enabler for applications like finance and controlling. For instance in the lab in Walldorf it was possible to reduce a dunning run from 20 minutes down to one second. With such a performance you can execute the application on the mobile phone and get instantly results back about the top overdue customers. The upcoming book “SAP HANA for ERP Financials” will provide background information about HANA and give real life examples how the technology can be used for a business impact.