Small and medium-sized businesses looking to grow need to leverage big data, cloud computing and mobility, and SAP says that its Hana platform can help them on those fronts.

“If we can bring the power of Hana to small businesses we can change the world,” said SAP CEO Bill McDermott during a panel talk at the company’s small and medium-sized business summit in New York City Thursday.

With the Internet of Things flooding companies with data, businesses will need a way to analyze that information as fast as possible and on-premises software may not quickly deliver those results, he said.

“You better have a way to manage that in-memory. Everything will eventually go to the cloud,” McDermott said, referencing two features of the Hana in-memory computing platform that allow it to speedily process information. Hana can also run on premises, although that deployment wasn’t referred to during the talk.

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