We live in the age of big data. The ability to harness data from all across your company, from sales numbers to customer sentiment, and turn it into actionable insight has never been more important than it is now. SAP Analytics Cloud can make this possible for you and your organization, as long as you know how to use it correctly. With just these few steps, you’ll be ready to bring the power of Analytics Cloud into your business all you need to do is follow along.
What Are The Benefits Of SAP Analytics Cloud?
Cloud analytics offers several benefits for companies of all sizes. A cloud solution can enable agility and flexibility, allowing you to scale up or down as needed. Cloud software is typically much easier to install than traditional on-premises solutions, and because it’s delivered via software as a service, cloud analytics is highly customizable. You can get started with SAP Analytics Cloud quickly and easily since the setup isn’t dependent on IT or expensive implementation resources. Finally, access to data and systems from any device is convenient and makes gathering insights easy wherever you are, whenever you need them.
What does SAP Analytics Cloud do? It provides a unified cloud experience that allows users to analyze data across multiple sources and formats, including Hadoop clusters, databases, spreadsheets, text files, streaming applications, IoT devices (such as connected cars), social media streams such as Twitter, machine learning models such as TensorFlow, and more. What types of analytics capabilities does SAP Analytics Cloud offer?
Beyond general data analysis, it also features a suite of predictive analytics capabilities that can increase your business insights and your bottom line. It integrates with other SAP products, including SAP Cloud Platform, to give you complete visibility into how changing factors in your supply chain, manufacturing processes, or end-to-end sales funnel affect revenue and profits. The software offers predictive analytics features that reveal patterns in your data to help you understand your business more deeply than ever before so you can make informed decisions about what actions to take next.
What Are The Main Components Of SAP Analytics Cloud?
The main components of SAP Analytics Cloud are SAP Cloud Platform and Integration Layer. The integration layer helps access data from on-premises or other cloud sources and lets users combine it with their SAP Analytics Cloud data for better reporting and analysis. For example, you can use it to access, analyze, and visualize your enterprise data in Microsoft Excel via an application programming interface (API). This can help you perform more complex analytics with less effort. Plus, because of its connection to enterprise ERP systems, SAP Analytics Cloud offers transparent drill-through reports that can expose relevant business context for each metric. You can also customize reports or dashboards based on specific needs and share them easily by storing them in a central location.
With SAP Analytics Cloud, you get access to a unified analytics platform that combines reporting and analytical capabilities for various departments. Its mobile BI app lets users view their data from anywhere, without IT assistance or server downtime. You can share your insights with other users in real-time by simply clicking send. The system also has automatic alerting for important developments, such as deviations from expected patterns in sales performance or new customer acquisitions. Users can then take appropriate action to deal with them such as raising an issue with a particular employee or segment of customers before it escalates into a major problem.
Is SAP Analytics Cloud Popular?
It is well established that a comprehensive enterprise BI tool improves data accessibility and thus the decision making. Through its cloud-based solution, SAP Analytics Cloud is well-suited to fulfill today’s business requirements for leveraging big data at a low cost to quickly gain new insights. With its high flexibility, SAP Cloud enables customization and agile development of analytic applications and supports users throughout their journey from an ad hoc query to a fully automated analytics process. According to a Forrester Report dated April 2017 entitled Data Discovery Solutions: The State of Play, SAP’s Business Objects was rated as a leader by Forrester about six criteria including strategy, completeness of vision, and industry experience.
SAP’s analytics cloud provides a unified and secure cloud experience to maximize data-driven decision-making. Easy-to-use tools and analytics capabilities embedded in Business Warehouse, combined with robust partner capabilities, let businesses quickly access real-time business information needed to take action on new opportunities or threats. It includes SAP Analytics Cloud industry-specific solutions, such as Customer Insight for retail, where data insights derived from real-time transaction information can be analyzed to gain insight into customer behavior across different channels. This allows retailers to personalize their sales strategies based on more accurate and reliable customer intelligence such as recommendations on similar products that may fit better with a particular consumer’s tastes and preferences.