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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
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.
80 results
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Five Stages of Achieving Supply Chain Analytics Maturity
Published: 29/August/2022
Reading time: 2 mins
Supply chain analytics has rapidly evolved in the last few years, supported by progress in technology and computing power. This evolution can also be attributed to increasing supply chain complexities, and challenges companies are increasingly running into. SAPinsiders have consistently highlighted their increased focus on leveraging analytics and automation in the supply chain in our…
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- SAP Analytics
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Blurring Boundaries between Optimization and Simulation Tools
Published: 26/August/2022
Reading time: 2 mins
Optimization and simulation tools have been used in supply chain analytics for a long time. Generally, they have been categorized into prescriptive analytics methodologies that help you understand the best way to do something. This is not a concrete characterization, however. If your simulation model of your current state, for example, helps you understand which…
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Exploring Key Technical Features of Enterprise Analytics
Published: 19/August/2022
Reading time: 1 mins
As businesses become more diverse and complex, so do their associated business analytics systems. Imperatives like the need to build near real-time visibility, a data-driven culture, and digitalization have forced many organizations to invest in many data and analytics tools and technologies. Though technology and computing power have rapidly evolved during the last decade to…
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- SAP Analytics
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The Three Ss of Cloud Market Dominance
Published: 17/August/2022
Reading time: 3 mins
There is no doubt that cloud infrastructure will redefine how organizations build their technology capabilities and how they innovate. This has emerged as a consistent theme in our research and conversations with the SAPinsider community. Our research reports like Future of Business Intelligence, Analytics in The Cloud, Modernizing Logistics and Inventory Tracking, and Supply Chain…
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- SAP Analytics
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Amazon’s Acquisition of iRobot : The War For Consumer Data
Published: 05/August/2022
Reading time: 5 mins
Amazon's decision to buy iRobot is a strategic step geared towards collecting more consumer behavior data points. This article discusses this strategy in detail and explores how Amazon may end up leveraging this data. Specifically, in this article, we explore (1) Why customer data is important (2) How Amazon has worked over the years to…
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- SAP Analytics
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SAPinsider 2022 Vegas : Data & Analytics Session Themes
Published: 04/August/2022
Reading time: 3 mins
SAPinsider events have been the most widely attended, independent networking and knowledge-sharing events in the SAP technology ecosystem for decades. After taking a hiatus from in-person events for a couple of years, due to the pandemic, SAPinsider was back with a bang this year. SAPinsider 2022 saw 3000+ members in attendance in Vegas in July…
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- SAP Analytics
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Maturation of NLP : SAP’s AskData Acquisition
Published: 04/August/2022
Reading time: 4 mins
Fortune Business Insights estimates that the global big data analytics market will reach $655.5 billion by 2029, at a CAGR of 13.4% from 2022 to 2029. To tap into this pie and create additional categories, companies will have to increasingly build capabilities through acquisitions and partnerships in the technology ecosystem. SAP's acquisition of AskData is…
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Analytics Journey in Supply Chain Planning
Published: 29/July/2022
Reading time: 2 mins
In the responses for SAPinsider research, Supply Chain Planning in The Cloud, advanced analytics emerged as a key technical requirement as well as a key technology . Lack of relevant and timely data and insights was identified as a major pain point with current planning solutions portfolio as well . Analytics plays a key role…
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- SAP Analytics
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Critical Skills for The Future of Supply Chain Planning
Published: 15/July/2022
Reading time: 3 mins
In response to the survey for our upcoming research report, Supply Chain Planning in The Cloud, SAPinsiders highlighted advanced analytics capabilities as the top technology when the current state and immediate next steps timeframe are considered together, as shown in figure 1. As you can see from figure 1, SAPinsiders have indicated that they have…
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- SAP Analytics
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SAP and Apple Partnership will Transform Warehouse Mobility
Published: 20/June/2022
Reading time: 4 mins
As customer demand and expectations become complex, associated warehouse operations also become complex. Advances in computing and technology, specifically on the edge, allow organizations to leverage smart devices and mobile solutions in a tactical way to address warehousing operations challenges. Miniaturization, increased performance & energy efficiency, and lower production costs of smart devices, have all…
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Ingo Hilgefort
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