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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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Not Your Same Old Advanced Planning System Implementation!
Reading time: 18 mins
Panelists: Robert Birdsall and Ryan Rickard, SCMO2 Date: September 6 Sponsor: IBP Bootcamp and SCM 2018 Gone are the days of engaging a System Integrator and waiting nine to twelve months for the first in a series of rollouts. With today’s cloud platform, and specifically SAP Integrated Business Planning (SAP IBP), the platform is upgraded...…
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Making the Move to SAP S/4HANA
Reading time: 12 mins
Panelists: SAP’s Carl Dubler, Arne Schmidthals, Daniel Boehm, and Carmel Gilmore Date: September 19th Sponsor: SAP By now you know that harnessing the power of SAP S/4HANA, the intelligent ERP, is key for your enterprise. But how do you get started? The journey to SAP S/4HANA is more urgent and yet more attainable than you...…
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Prepare for a Supply Chain Digital Transformation
Reading time: 4 mins
SAPinsider recently surveyed SAP customers on digital transformation of the supply chain for an upcoming benchmark report, and our research and conversations with leaders revealed many lessons when it comes to preparing for this transformation. What to Expect from the Transformation Survey respondents that we identified as leaders — that is, organizations that consider themselves…
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A Fast Path to Innovation and Simplification with Central Finance
Reading time: 9 mins
The aim of SAP S/4HANA Finance is to provide finance organizations the ability to completely reimagine business processes for the digital age. This article explores Central Finance, an accelerated, non-disruptive SAP S/4HANA Finance deployment option that replicates financial transactions from SAP and non-SAP ERP source systems onto a Central Finance instance that runs on SAP…
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Why Real-Time Analytics? Think Swimsuits
Reading time: 2 mins
Imagine you could see what and where customers are buying, when they are buying. Or view your pipeline, inventory, supply chain, and financials with up-to-the-second accuracy. To become a real-time business, you must eliminate the delay between when analytic data is captured and what’s taking place now. SAP HANA makes this possible. Learn how to make…
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The 4 Key Layers of the Artificial Intelligence Technology Stack
Reading time: 4 mins
Learn about four layers behind artificial intelligence: data collection, data storage, data processing and analytics, and reporting and output. Membership Required You must be a member to access this content.View Membership LevelsAlready a member? Log in here
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Evonik Lowers TCO for In-Memory Analytics
Reading time: 1 min
Evonik partnered with Intel, SAP, and Accenture to demonstrate the value of Intel® Optane™ DC persistent memory for SAP HANA*. Evonik is a world-wide leading specialties chemicals company that produces sophisticated chemicals for 3D printing and more. In a proof of concept in Accenture’s Global SAP HANA* Center of Excellence, using Intel® Optane™ DC persistent…
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An Insider Look at Ingevity’s SAP S/4HANA Business Transformation
Reading time: 8 mins
Ingevity is a specialty chemical company based in Charleston, South Carolina that current runs a 20-year-old, heavily customized version of SAP ECC 6.0. But, now for much longer — like many companies, Ingevity is focused on building a digital platform that can support technologies like analytics, automation, machine learning, and artificial intelligence to help the…
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- SAP Digital Transformation
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Ingevity Seizes Business Opportunity to Increase Agility and Push the Bounds of What’s Possible
Reading time: 5 mins
Companies striving to be better at supporting customers and preparing for rapid change in the marketplace often embrace agile to facilitate their transition. This methodology makes perfect sense, especially for companies with a strategic approach to growth and an understanding that they must become nimble and responsive to remain competitive. Ingevity, a specialty chemicals and…
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Leveraging Smart Manufacturing to Meet Sustainability Goals
Reading time: 5 mins
by Kumar Singh, Research Director, SAPinsider Building Sustainable Digital Twins While supply chain leaders across industries and geographies grapple with managing the ever-increasing supply chain complexities and risks, there is an additional demand on the companies to be more resourceful and conscientious of environmental and social needs. There is no doubt that the collective awareness...…
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