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Alignment of SAP Analytics Cloud with Trends in Analytics
SAP Analytics Cloud is an evolution of SAP’s initial business intelligence (BI) offering as an extension of its all-inclusive SAP Business Warehouse (SAP BW) product. But this evolution in the form of SAP Analytics Cloud also aligns with three top trends in today’s rapidly evolving data and analytics solutions landscape, as identified in SAPinsider research report Enterprise Data and Analytics State of The Market.
Top Analytics Trends and Their Alignment with SAP Analytics Cloud
Trend 1: The future of data and analytics is in the cloud
The critical technology drivers of analytics transitioning to the cloud are the ability to scale quickly, enterprise-wide collaboration capability, and flexibility in systems capabilities, according to SAPinsider’s research report The Future of Business Intelligence. SAP Analytics Cloud leverages all these benefits and combines them with its domain depth acquired from decades of market leadership in enterprise systems.
Alignment of SAP Analytics Cloud with Trends in Analytics
SAP Analytics Cloud is an evolution of SAP’s initial business intelligence (BI) offering as an extension of its all-inclusive SAP Business Warehouse (SAP BW) product. But this evolution in the form of SAP Analytics Cloud also aligns with three top trends in today’s rapidly evolving data and analytics solutions landscape, as identified in SAPinsider research report Enterprise Data and Analytics State of The Market.
Top Analytics Trends and Their Alignment with SAP Analytics Cloud
Trend 1: The future of data and analytics is in the cloud
The critical technology drivers of analytics transitioning to the cloud are the ability to scale quickly, enterprise-wide collaboration capability, and flexibility in systems capabilities, according to SAPinsider’s research report The Future of Business Intelligence. SAP Analytics Cloud leverages all these benefits and combines them with its domain depth acquired from decades of market leadership in enterprise systems.
Trend 2: Democratization of data and analytics
Democratization of data, in the form of easy access to data for moderately skilled staff, “self-service” analytics, and easy and intuitive user interfaces are quickly becoming the new normal. SAP Analytics Cloud fits in there as well by providing self-service, AI-guided analytics features for functional managers, who are not data scientists or technical managers.
Trend 3: Cross-functional data and analytics platforms are becoming a necessity
Organizations understand that siloed view into data and siloed analytics do not yield the results they need to build a highly interconnected and resilient enterprise in this digital age. SAP Analytics Cloud addresses that need ideally by allowing it to be used as a collaborative enterprise planning tool.
Key Consideration for SAPinsiders
- Align SAP Analytics Cloud with your cloud analytics strategy: While cloud-based tools have advantages over on-premise tools in many areas, the key to success is understanding how SAP Analytics Cloud will fit into your comprehensive cloud-based data and analytics strategy. To know how SAPinsiders are formulating their strategy, read our latest analytics research Analytics in The Cloud.
- Push analytics to business: Modern analytics tools like SAP Analytics Cloud have features and functionalities like intuitive interface and drag-and-drop capabilities that allow business users to leverage these tools without needing technical skills. Ensure that you put these tools in the hands of more business users. This SAPinsider article shares an example of how augmented analytics in SAP Analytics Cloud helps business users make better business decisions.
- Understand the capabilities to leverage the full potential: The unique abilities that SAP Analytics Cloud combines, including planning, predictive analytics, reporting, and BI, provide a potent tool in the hands of SAP users. The key is to understand the comprehensive solution and plan your enterprise analytics initiatives accordingly. SAP Learning portal is a great resource to develop this understanding.
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Case Study: End-to-End Planning with SAP Analytics CloudJul 15, 2024 — While partnering with SimpleFi and deciding on a Hyperion Planning replacement, WWW was able to identify and address key pain points in the legacy tool and business process and envision how a new tool could tackle those hurdles in an effective manner. WWW wanted to provide a flexible, scalable planning platform that allows for planning, forecasting and scenario analysis at different levels of detail, tailored to the brand or channel business requirements, all this while decreasing the forecast and planning cycle time by 25%+. SAP Analytics Cloud (SAC) provided the platform to achieve these goals.
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Case Study: FiServ HR PlanningJul 12, 2024 — Fiserv was using Excel for their Compensation Plan and uploading the results to SAP’s Business Planning and Consolidations (BPC), but this involved exchanging multiple Excel files with departments across the world each with their own disconnected assumptions and repetitive tasks such as calculating taxes and benefits. Read our use case below to find out how SimpleFi helped solve this problem.
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Case Study: Professional Services Company Use CaseJul 12, 2024 — Partnering with SimpleFi allowed the company to take advantage of several pre-built packages which greatly reduced configuration time and allowed for early feedback in the project timeline and reduced costs, while providing a tightly integrated solution with SAP Success Factors and S/4.
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Hexaware Streamlines eCommerce for a Leading Furnishings ManufacturerMay 31, 2024 — Faced with adversity resulting from the unprecedented global pandemic, our client, one of the largest global workplace furnishings manufacturers, found themselves in need of quick business transformation to meet changing consumer demands.
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Learn How to Leverage the Power of SAP Analytics Cloud with SimpleFiMay 22, 2024 — SAP ecosystems are repositories of massive amounts of data that, when harnessed correctly, can equip decision-makers with insights that can give them an edge over the competition. However, organizations are finding it difficult to infuse these capabilities into their workflows. The key underpinning to the analytics capabilities within SAP systems is SAP Analytics Cloud. As an SAP partner and expert on FP&A and Datasphere related topics, SimpleFi will host two upcoming webinars that deliver key lessons on how best to utilize SAP Analytics Cloud to deliver business intelligence and planning capabilities.
2 minute read
Replatforming Legacy to the Cloud in Just 8 WeeksMay 22, 2024 — Cloud transformation of business-critical legacy financial applications is always entangled with numerous business and technical challenges. Thus, having a realistic cloud transformation strategy in place can be a great game-changer for swift and seamless cloud migration without impacting business-as-usual.
1 minute read