SAP Asset Analytics


Predictive Asset Analytics is the use of statistical modeling, data mining techniques, machine learning, and digital twin technologies to make predictions about future outcomes. A cloud deployment or cloud native solution is required to gain insights from sensor data and engineering simulations. With advances in data storage and loT sensor technology organizations can learn about each asset’s individual performance to predict asset productivity.

Improving reliability, performance, and safety are top priorities for organizations today. But organizations are also focusing on controlling costs and maximizing value from existing investments by supporting predictive maintenance and service. Predictive asset analytics is a solution for end-to-end asset management to provide early warning signals and give a diagnosis of equipment long before failure.

Key Capabilities of SAP Predictive Asset Insights include:

  • A 360 view of assets: A holistic view of the asset model with a single predictive tool increasing visibility into master, transactional, performance, and loT data sensor data.
  • Intuitive and scalable machine learning: Ability to detect abnormalities and predict failure without data scientist intervention, extending the intelligence of predictive maintenance by machine learning capabilities.
  • Advanced analytics: Gain insights into failure modes and leading indicators by benefiting from purpose-made analytical capabilities augmented with predictive asset intelligence.
  • Digital twin simulations: Apply ANSYS digital twin technology to analyze assets in action and over time in a live environment where engineering simulations support virtual sensors.

Predictive Asset Analytics is the use of statistical modeling, data mining techniques, machine learning, and digital twin technologies to make predictions about future outcomes. A cloud deployment or cloud native solution is required to gain insights from sensor data and engineering simulations. With advances in data storage and loT sensor technology organizations can learn about each asset’s individual performance to predict asset productivity.

Improving reliability, performance, and safety are top priorities for organizations today. But organizations are also focusing on controlling costs and maximizing value from existing investments by supporting predictive maintenance and service. Predictive asset analytics is a solution for end-to-end asset management to provide early warning signals and give a diagnosis of equipment long before failure.

Key Capabilities of SAP Predictive Asset Insights include:

  • A 360 view of assets: A holistic view of the asset model with a single predictive tool increasing visibility into master, transactional, performance, and loT data sensor data.
  • Intuitive and scalable machine learning: Ability to detect abnormalities and predict failure without data scientist intervention, extending the intelligence of predictive maintenance by machine learning capabilities.
  • Advanced analytics: Gain insights into failure modes and leading indicators by benefiting from purpose-made analytical capabilities augmented with predictive asset intelligence.
  • Digital twin simulations: Apply ANSYS digital twin technology to analyze assets in action and over time in a live environment where engineering simulations support virtual sensors.

Benefits of SAP Predictive Asset Insights are:

  • Improves service effectiveness
  • Lowers maintenance costs
  • Increases asset availability

Vendors partners for predictive asset analytics are: SAP , PWC, KCT

Key Considerations for SAPinsiders are:

  • Advanced Analytics and Performance Intelligence. In the recent state of the market for process automation, SAPinsiders indicated that intelligent automation and process intelligence are key capabilities they are planning to build in the next two years. This analyst insight explores some critical aspects to be aware of on your path to develop these capabilities.
  • Achieve Business Clarity with Process Intelligence. Process intelligence provides an understanding of where process deficiencies exist and where leverage opportunities reside. SAPinsider sat down with Shoeb Javed, Chief Strategy and Product Officer for software testing firm Worksoft Inc., to discuss the latest Achieve Business Clarity with Process Intelligence process intelligence trends.
  • Digital twins are on the Rise to Mitigate Risk. Companies are searching for greater efficiencies to improve operational efficiencies and be more resilient. In this analyst insight learn what digital twins are, how they work, how they have evolved, and benefits that they can bring to your organization. Optimization is where digital twins excel to test contingency plans and build resilience.

835 results

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    Published: 18/April/2012

    Reading time: 25 mins

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  2. Inflation-Based Revaluation of Fixed Assets

    Published: 27/April/2015

    Reading time: 23 mins

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  3. An Introduction to SAP Predictive Analytics 2.0 and SAP HANA Predictive Tools

    Published: 01/May/2015

    Reading time: 64 mins

    In this exclusive report by Hillary Bliss, take a walk into the world of the SAP suite of predictive tools with an in-depth tour of the new SAP Predictive Analytics 2.0 and how it ties into SAP HANA and SAP Lumira. Learn the importance of general predictive modeling concepts, and then apply those concepts as...…

  4. AUC with Investment Measure Using Work Breakdown Structure

    Published: 15/April/2014

    Reading time: 20 mins

    FinancialsLearn how to implement assets under construction (AUC) with the Investment Management module using work breakdown structure (WBS). Follow a detailed discussion of the settlement process. Key Concept A work breakdown structure (WBS) element with its assets under construction (AUCs) can be termed as an investment measure. In simple terms, an AUC is created to...…

  5. Asset Management

    Achieving Effective and Efficient Asset Management

    Published: 11/July/2022

    Reading time: 11 mins

    In heavy asset intensive industries from manufacturing and processing facilities through to Rail, Aerospace, Utilities, Oil & Gas and Mining operations, the largest operational expense beyond the CAPEX of building the plant resides in maintaining the equipment required to do the job. This content is for Mastering SAP Premium Access members only.Log In Join Now

  6. How to Set Up and Process Leased Assets

    Published: 09/December/2013

    Reading time: 11 mins

    Learn how to configure leased assets to make sure that not only depreciation is posted but also the interest and the periodic payments. Key Concept In SAP Asset Accounting (FI–AA) you can maintain several kinds of assets. One particular kind is the leased asset. Besides the standard fixed-asset functionality for this kind of asset, the...…

  7. Create Multiple Assets with Individual Characteristics in One Step

    Published: 25/September/2015

    Reading time: 7 mins

    Learn how to customize the functionality required to simultaneously create multiple assets and still be able to maintain specific data for each individual asset. Key Concept Within Asset Accounting (FI-AA), you can create one asset at a time or multiple assets simultaneously. Since the release of R/3 4.0A, SAP supports simultaneous creation of multiple assets....…

  8. 3 Ways to Ensure Accurate Depreciation Values in ECC

    Published: 15/November/2007

    Reading time: 12 mins

    The primary focus of the Asset Accounting (FI-AA) sub-ledger is to accurately calculate and track values for fixed asset records. Often it is possible that planned values stored in FI-AA do not reflect the existing system configuration and therefore are incorrect. You can use program RAAFAR00 (recalculate values) to ensure that calculated amounts are correct....…

  9. SAP S/4HANA Finance: Understand the Different Options and Nuances of Enabling Parallel Accounting in New Asset Accounting

    Published: 18/January/2017

    Reading time: 24 mins

    Learn about the configuration options available in SAP S/4HANA Finance to set up parallel accounting aligned to different accounting principles, especially when you are migrating from classic Asset Accounting (FI-AA), a parallel accounts approach, to the new FI-AA module. Key Concept The SAP S/4HANA Finance system provides a transparent, real-time, optimized IT solution for implementation...…

  10. How SAP ERP Combats the Challenges of Global Accounting and Financial Reporting Standards

    Published: 09/December/2009

    Reading time: 16 mins

    Review some SAP ERP solutions, functionalities, and capabilities that you can use to meet the challenges of specific International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS) requirements, including ones that cover revenue, accounting policies, operating segments, and more. Key Concept International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) guide global financial...…