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Analytics pertains to leveraging data generated and captured across the organization to generate insights that can help transform the way organizations run. Analytics can also help build capabilities that can automate many aspects of day-to-day decision making that is currently performed manually. There are three main categories of analytics leveraged in organizations today:
Business Intelligence (BI)
Analytics pertains to leveraging data generated and captured across the organization to generate insights that can help transform the way organizations run. Analytics can also help build capabilities that can automate many aspects of day-to-day decision making that is currently performed manually. There are three main categories of analytics leveraged in organizations today:
Business Intelligence (BI)
The end-to-end process of BI involves analyzing the data generated by businesses, transforming the data into insights, and leveraging those insights to make optimal decisions. BI tools primarily leverage “descriptive analytics,” because these tools traditionally focus on analyzing current and historical performance based on data generated by the enterprise.
Machine Learning
Machine learning (ML) is a subset of artificial intelligence (AI) algorithms. The differentiating aspect of these algorithms is that they can learn from the input data and modify the model based on changes in that data. It is this “learning” aspect that makes these algorithms powerful.
Artificial Intelligence
In simple terms, Artificial Intelligence (AI) refers to systems or solutions that can replicate human decision-making capabilities. These solutions often leverage a combination of software and hardware to mimic human capabilities like problem -solving and decision making
Key Considerations for SAPinsiders
SAP applications leverage AI and ML algorithms extensively to either embed innovative capabilities within their solutions, help end-users perform advanced analytics with minimal technical proficiency, or allow data scientists and ML engineers to build advanced ML models and solutions. SAP HANA has been designed to be easily leveraged as a scalable ML platform. A powerful tool built into SAP HANA is the Predictive Analytics Library (PAL).
SAP Data Intelligence has a rich ML content library. Like most best-of-breed analytics tools, SAP Analytics Cloud provides users the ability to leverage advanced Machine Learning (ML) algorithms. While ML algorithms have many applications, predictive analytics remains a key one.
On the business processes side, SAP AI offerings promise to infuse transformative intelligence to all key business processes areas like lead to cash, design to operate, source to pay and recruit to retire. AI algorithms help include innovative features across all these processes.
498 results
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Premium
A Guide to SuccessFactors HCM Reporting Options (Part 1)
Reading time: 16 mins
Learn more details about the available SuccessFactors reporting options and get some technical and practical examples for how these reporting options can be used to solve the challenges facing your business. Key Concept SuccessFactors Workforce Analytics provides concrete and actionable insights on workforce data to drive your business strategy today and help you plan for...…
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The Role of Analytics in Business Process Intelligence: A RISE with SAP Perspective
Reading time: 6 mins
Increasingly, businesses are shifting their focus to accommodate the new digital reality. Technology is a key enabler in this aim, but businesses also need to consider what needs to change within their enterprises, including their processes and organizational design. Business transformation has become the front-and-center strategic priority that helps organizations adapt to the digital world…
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SAP Business Data Cloud Unifies Enterprise Data
Reading time: 5 mins
SAP has announced SAP Business Data Cloud, a new solution that aims to unify SAP and third-party data across an organization. The company sees the offering as an evolution of data, analytics, and planning strategy that addresses the challenges SAP is seeing in the data market today. Some of those hurdles include data silos, the…
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Live from SAPinsider Studio: Clemens Praendl on SAP Cloud for Analytics
Clemens Praendl, SAP Senior Vice President and General Manager, Analytics, joins SAPinsider Studio at Reporting & Analytics 2015 to discuss the business value cycle in the context of SAP Cloud for Analytics. This is an edited transcript of the discussion. Ken Murphy, SAPinsider: Hi this is Ken Murphy with SAPinsider and I am here at...…
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Live from SAPinsider Studio: Neil McGovern of SAP on Agile Analytics
Neil McGovern, Senior Director, Product Marketing, SAP Data Warehousing, joins SAPinsider Studio at the 2016 BI-HANA-IoT event to discuss agile analytics and the modern data warehouse. Topics of this discussion include the logical, modern data warehouse, the importance and benefits of avoiding data replication in the data mart, and the role of SAP S/4HANA in...…
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Customer Case Study: Pregis’ Continuing Journey with SAP BTP and Analytics Cloud for Manufacturing
Click Here to View Session Deck. Pregis continues to discover the potential of SAP BTP to help accelerate their business outcomes and create better user experiences by using SAP BTPs extensive database and data management, analytics, integration and extension capabilities available on one unified platform for cloud and hybrid environments. Learn about their foray into...…
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- SAP Business Technology Platform
Premium
Case Study: Pregis’ Continuing Journey with SAP BTP and Analytics Cloud for Manufacturing
Click Here to View the Presentation Deck Pregis continues to discover the potential of SAP BTP to help accelerate their business outcomes and create better user experiences by using SAP BTPs extensive database and data management, analytics, integration and extension capabilities available on one unified platform for cloud and hybrid environments. Learn about their foray...…
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SimpleFi and NTT DATA Business Solutions Announce Partnership Designed to Drive Analytics Capabilities
Reading time: 3 mins
NTT Data Business Solutions has partnered with SimpleFi Solutions to enhance real-time decision-making through an integrated solution that combines financial planning and performance management with SAP Analytics Cloud, enabling organizations to leverage their ERP data more effectively.
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Premium
Layer SAP xApp Analytics on Top of SAP SEM for a Simplified Balanced Scorecard
Reading time: 28 mins
You can streamline the user interface for Strategic Enterprise Management and Corporate Performance Monitor by adopting the Best Practice Scorecarding application, which is part of SAP xApp Analytics. You then can provide users with graphical views of their key performance indicators via a portal. Key Concept SAP xApp Analytics is delivered as part of mySAP...…
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Overcoming the Challenges of Predictive Analytics Solutions
Reading time: 3 mins
Predictive analytics are a powerful tool. Every company can find some way to benefit from using past data to gain insights into the future. Leveraging predictive analytics to their fullest extent can give organizations an important boost in a competitive market. Nearly every enterprise has access to data, but not all are able to leverage…
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