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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. Â 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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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
Premium
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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- SAP Enterprise Asset Management
Premium
Sustainable Manufacturing Leveraging Smart Factories
Reading time: 4 mins
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 around Sustainability and specifically Sustainability in supply chains has increased,…
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- SAP IBP
Premium
Will AWS Supply Chain Compete With SAP IBP?
Reading time: 5 mins
Among many other features that SAP ICP has for integrated demand planning, inventory management is a critical one. Respondents highlighted inventory management as one of the key focus areas in our recent research on supply chain planning in the cloud. With the increased complexities in the supply chain and the severe disruptions that many supply…
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Trends in Security, Controls, and Analytics During SAP S/4HANA Transformation
From identifying trends in controls integration, process mining, and separation of duties, to ensuring your transition team is organized and prepared for a multifaceted ERP project, KPMG is here to help smooth and expedite the transition to your new SAP S/4HANA system.
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Microsoft and Moody’s Develop Enhanced Solutions Powered by Generative AI
Reading time: 2 mins
Moody’s Corporation and Microsoft have announced a partnership to utilize generative AI in order to deliver next-generation data, analytics, research, collaboration and risk solutions for the financial services industry and global knowledge workers.
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Getting Ready for AI with a Strong Data Management Foundation
Reading time: 5 mins
Garbage in, garbage out. We’ve all heard the adage applied to business process design, enterprise systems implementation, and really any scenario that has raw material as an input and a finished good as an output. The quality of the result depends on the quality of the inputs. This has been true for decades when applied…
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The Future of Analytics and Financial Reporting: Data-Informed Planning
October 26, 2023
The upcoming webinar, “The Future of Analytics and Financial Reporting: Data-Informed Planning,” offers a comprehensive exploration of modern financial planning and analysis (FP&A). Phocas Software covers the shift from static to dynamic reporting, emphasizing the advantages of real-time insights and adaptability. The webinar also focuses on fostering data literacy across organizations to empower every member…
Featured Insiders
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Renjith Kumar Palaniswamy
SAP Americas Inc
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Shashidhar Garimella
SAP America Inc
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John Froelich
Bramasol
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