SAP Analytics
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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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AI in Liquidity Management: How It Can Assist a Liquidity Manager
Reading time: 3 mins
Artificial intelligence and machine learning (AI/ML) are emerging treasury technology that have become essential for cash flow forecasting, payments fraud prevention and liquidity management. But is treasury on board and ready for AI in liquidity management? The Difference between ML and AI AI and ML are not technically the same thing. AI is a broad term denoting intelligent machines that can…
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Leveraging Analytics to Uncover and Correct Firefighter Issues
Click Here to View the Session Deck. GRC Firefighter is intended to be emergency elevated access, utilized as an exception, not the norm. Leverage the extensive data GRC collects to proactively review and refine your firefighter usage strategy. Identify your key drivers of firefighter activity to understand where you need to focus your efforts on...…
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AI, Data Analytics, and the Pressure to Be More Competitive Brief
Reading time: 1 min
An ERP modernization initiative provides the ideal opportunity to harvest the power in your data, but you must be able to create data readiness and ensure that the data is right.
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VIVA Leisure “From Monthly Reports to Insightful Analytics in Minutes”
Reading time: 4 mins
Australian-based health club Viva Leisure stays on top of reporting demands and business performance with Phocas.
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SAP Observability in the Cloud: Four Essential Components
Reading time: 4 mins
In today’s digital economy, rapid technological advancements necessitate continuous evolution to stay competitive. Organizations embracing cloud operating models gain speed, agility, and flexibility essential for navigating dynamic business landscapes. However, effective operation in the cloud requires more than traditional monitoring solutions can offer. Enter observability: a method enabling deeper insights by analyzing real-time performance data…
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The Great (SAP BW) Migration to the Cloud
Reading time: 2 mins
The migration from SAP BW to cloud-based solutions like SAP BW/4HANA or SAP Datasphere is gaining momentum as organizations seek to enhance data accessibility and scalability. With nearly half of all organizations still relying on SAP BW, the shift towards cloud adoption presents a significant opportunity to overcome the limitations of on-premise systems, such as…
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Efficient SAP Data Integration Using Ingestion Frameworks
Reading time: 6 mins
The article discusses the importance of robust data ingestion frameworks for businesses to efficiently manage and integrate large volumes of data, particularly in regulated industries, while addressing challenges such as diverse data sources, data quality, and scalability, ultimately highlighting the role of SAP Datasphere in facilitating seamless data integration into cloud environments for enhanced operational…
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Transforming Industries with SAP S/4HANA: A Look at Sector-specific Innovations and Advancements
Reading time: 3 mins
SAP S/4HANA, the next-generation intelligent ERP (Enterprise Resource Planning) suite, has emerged as a game-changer, offering industry-specific solutions that address these specific requirements. This blog explores how SAP S/4HANA caters to the distinct needs of different sectors, enhancing industry-specific processes and empowering organizations to achieve greater success.
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- SAP Financial Planning
Premium
From Regional to Global – Customer Journey to Unified Planning, Forecasting, Reporting and Analytics
Click Here to View Session Deck Join this engaging session to uncover how customers harnessed the power of SAC Planning and the SAP HANA data warehouse to orchestrate a seamless transition from a legacy regional BPC platform. You will: Explore the intricacies of this strategic migration by unpacking the critical stages of the BPC-to-SAC transition...…
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Genpact and Advantage Solutions to Expand Collaboration to Boost Supply Chain Efficiencies for CPG and Retail Sectors
Reading time: 3 mins
Genpact has announced an expansion of its alliance with Advantage Solutions to tackle supply chain inefficiencies in the consumer packaged goods and retail sectors by leveraging data, technology, and AI for improved order management and operational efficiencies.
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