SAP Ariba: What can progressive rock teach us about digital networks?
In the 1970s, the composer Frank Zappa pioneered a technique called xenochrony, where he superimposed an element from an existing recording, such as a guitar solo, onto that from another, such as a drum track, typically of a different time signature. To his legion fans, the convergence of rhythm and tonality brought out unexpected — and often pleasing — musical patterns.
He understood that in music, innovation can arise through the detection of latent patterns in sources of disparate origin. Yet Zappa, a shrewd entrepreneur, might never have imagined the same principle would hold true in business decades later. Today, businesses capture vast reservoirs of data on a regular basis — about their customers, their trading partners, and their own operations. But these data often reside on information systems that don’t “talk” to each other. As a result, many businesses fail to extract the insights hidden away in them.
What could businesses learn — about themselves, their suppliers, their stakeholders — if, not unlike Zappa, they cross-referenced the source material already in their possession? Thanks to cloud-based digital networks, many are discovering insights aplenty, reaping value from them, and extending their competitive advantage in the process.
Find out more about the delicate interplay between man, machine and the supply chain in an article by Sean Thompson, senior vice president of Business Network and Ecosystem at SAP Ariba and SAP Fieldglass, in the September issue of Gigabit magazine. As the leader in charge of strategy for Ariba Network and growing the company’s ecosystem of partners, few people are better positioned than Thompson to give insight into the ways in which the ongoing digital revolution is set to shape the business ecosystems of the future.
Frank Zappa was a composer, multi-instrumentalist and band leader responsible for seminal albums such as Freak Out! and Apostrophe. Zappa is (in)famous for raucous, experimental tracks that test the limits of harmony and atonal sound. He also had a spectacular mustache and named one of his children Dweezil - undeniably a singular individual.
Bukalapak raises $1.5bn in record Singapore IPO, say sources
Bukalapak, currently the fourth largest Indonesian ecommerce company, is said to have raised $1.5 billion in the first IPO by an Indonesian tech unicorn.
Three unidentified, but likely reliable, sources told Reuters the order books for Bukalapak’s IPO were covered by multiples, with one source claiming the issue attracted more than $6 billion in demand despite being listed at the top of its indicated price range.
Bukalapak's 50x growth
Bukalapak was looking to raise just $300 million just a few months ago. The figure grew to $800 million before rising to $1.5 billion as investors jockeyed for a piece of the company.
Covid-19 has had a positive impact on many ecommerce operators, and Bukalapak also has strong investment lines via Singapore sovereign investor GIC and Microsoft, among others. The company focuses on micro, small and medium-sized enterprises.
Indonesia is Southeast Asia’s biggest economy.
Indonesia’s four biggest ecommerce companies
Tokopedia is an Indonesian technology company specializing in e-commerce. It was founded in 2009 by William Tanuwijaya and Leontinus Alpha Edison.
Shopee was first launched in Singapore in 2015, and later expanded its reach to Malaysia, Thailand, Taiwan, Indonesia, Vietnam, the Philippines, Brazil, Mexico, Chile, and Colombia.
Lazada is a Singaporean multinational technology company which focuses mainly on e-commerce. Founded by Maximilian Bittner with the backing of Rocket Internet in 2012, it is currently owned by the Alibaba Group after its acquisition in 2016.
Bukalapak is an Indonesian e-commerce company. It was founded in 2010 as an online marketplace to enable small and medium enterprises go online and has expanded to support smaller traditional family owned businesses.