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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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- SAP Analytics
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Why Data Science Initiatives Fail
Published: 10/June/2022
Reading time: 1 mins
The video explains stages of data science failures and identifies stages that may lead to the failure of a data science initiative. Mastering SAP Premium Access Membership Required You must be a Mastering SAP Premium Access member to access this content.Join NowAlready a member? Log in here
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Digital Solutions Branding Evolution: Three Key Steps
Published: 09/June/2022
Reading time: 3 mins
This article discusses how old school digital solutions brands need to manage evolution and what are the three key steps for that process.
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- SAP Analytics
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Thriving in Recession With Analytics and Automation
Published: 20/May/2022
Reading time: 6 mins
In this article we focus on how executives can leverage the competitive advantage levers of analytics and automation to manage their companies through this and future recessions. Mastering SAP Premium Access Membership Required You must be a Mastering SAP Premium Access member to access this content.Join NowAlready a member? Log in here
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- SAP Analytics
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Advanced Analytics and Process Intelligence
Published: 10/May/2022
Reading time: 3 mins
Role of Advanced Analytics in Process Intelligence In the latest SAPinsider process automation state of the market research, majority of SAPinsiders indicated that intelligent automation and process intelligence are key capabilities they are planning to build within next two years. Advanced analytics methodologies will play a key role in building intelligent automation solutions. In this article,...…
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Intelligent Solutions for Payment Fraud Risk Management
Published: 31/March/2022
Reading time: 6 mins
The extensive nature of supply chain networks creates many points of risk. One of such risks, within the procure to pay space is supplier payment fraud. Some examples of procurement fraud are supplier spoofing, business email compromise and spoofing an officer of a company. Procurement fraud is not only becoming more prevalent but is also…
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Discussing Payment Fraud Risk Management with Apex
Published: 31/March/2022
Reading time: 1 mins
The extensive nature of supply chain networks creates many points of risk. One of such risks is supplier payment fraud within the procure-to-pay space. Some examples of procurement fraud are supplier spoofing, business email compromise, and spoofing an officer of a company. Procurement fraud is becoming more prevalent and is becoming more and more sophisticated.…
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- SAP Analytics
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A Detailed Look at the Latest SAP Analytics Strategy and Roadmap
This session will explore the latest SAP Analytics strategy, how it is set up, and how it aligns to SAP’s corporate strategy and Rise with SAP. You will examine what is in store for SAP Analytics Cloud and how the future direction will impact BI, planning, and augmented analytics. Learn about planned innovations and come…
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- SAP Analytics
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Technology And Empathy: Creating The Link
Published: 28/October/2021
Reading time: 4 mins
Disruption is a norm in the world of technology. We attribute the phenomenon of big companies being disrupted by new entrants to many aspects, like advancements in technology, emerging technologies, agility of new entrants etc. but have we explored deeply the aspect that at the core of disruptions in the world of technology is the…
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The Imperative of Analytics in the Cloud
Published: 20/October/2021
Reading time: 7 mins
By Kumar Singh, Research Director, SAPinsider Accelerating Digital Transformation Initiatives Every technology leader knows that the cloud will be a business imperative in the future. The explosion in digitalization, data, and analytics methodologies means that organizations realize that their current on-premises environments are not sustainable from a long-term perspective. And while this contemplation comes from...…
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- SAP Analytics
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The Three Key Ingredients of Business Analytics Solutions
Published: 13/August/2021
Reading time: 3 mins
Just like marketers have struggled with the question “what does the customer want?” for eternity, analytics leaders have struggled with the question “how to build a data-driven organization?”. It is very clear at this point that the key is to inculcate the culture of data and analytics in the frontline of the organization, making them…
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