What does SAP Analytics mean?
SAP Analytics for Cloud is a cloud-based Business Intelligence service provided by SAP. It used to be called BusinessObjects for cloud. For SAP business users, it provides all the key functionality of an Analytics tool.
The tool was developed by SAP on a HANA-based BI platform and provides analytics compatibility across multiple databases, CRMs, and ERPs. It is possible to fetch data from Microsoft SQL, ERP systems, and Salesforce. In order to support predictive planning, business users can compile the data, perform data discovery, run ad-hoc reporting, and analyze the data. In order to make better decisions, SAP Analytics transforms raw data from the transactional system into meaningful insights.
Analytical features in SAP tools rely on data algorithms, programming, and operations research to provide insight and help businesses find meaningful information from multiple data sources. All enterprises use this information to plan and forecast their businesses.
Machine learning technology is used by SAP Analytics to clean data, identify possible errors, and suggest filtering options. With Analytics cloud, you can enhance your data and create hierarchies to gain a deeper understanding of your data.
What are SAP Analytics' main features?
SAP Analytics Cloud data can be obtained in two ways:
Data is directly read from the database or ERP. Data sources for imports can be files, SAP systems, OData services, or SQL databases.
Adding indicators, inserting formulas, and modifying recovered characteristics are all possible using this tool.
By using this feature, you can explore and highlight your data using graphs, tables, or any other graphical component.
SAP has injected artificial intelligence innovations in order to highlight relevant metrics and predict future results. Among the applications of these innovations are automated content creation through smart discovery, identifying influential characteristics, and detecting off-trend records.
A complete and clear view of your current state of affairs can be obtained by combining both financial and operational statements in the planning section of SAC.
Existing financial statements can be used to create and modify budget planning versions. You can use the machine learning and predictive forecasting tools provided to anticipate your financials in the future. Simulations can also be performed in the popular "What If" mode.
SAP Analytics has what capabilities?
Based on its capabilities, SAP Analytics Cloud provides the below tiers
In addition to data connectivity and modeling, social collaboration, security, administration, web and mobile extensions, and API-based integration capabilities to integrate apps into existing business intelligence solutions, there are also key capabilities provided by the HANA cloud platform.
These include key analytics and data processing capabilities of the SAP Cloud platform. There are features based on analytics, cleansing and visualizing data, creating custom widgets, performing predictive analysis, planning business and financial resources, as well as utilizing machine learning.
It is also possible to integrate all the analytic applications into a boardroom, which can allow you to view your enterprise metrics on multiple screens.