“If you can’t measure it, you can’t manage it.” This quote from business guru Peter Drucker highlights the importance of data in managing any business.
Businesses are complex, and to manage such complexity, they need powerful analytics tools that can provide them with real-time data and insights. Enter SAP Analytics Cloud, or SAP SAC for short, which provides one with the ability to analyze data in real-time.
What is SAP SAC?
According to a recent study, businesses that use advanced analytics have 17% higher on-time deliveries and 20% higher customer satisfaction scores. Clearly, there’s a lot to gain from using analytics.
SAP SAC is a cloud-based analytics solution that allows businesses to collect, analyze, and visualize data from various sources in real time. SAP SAC provides businesses with a comprehensive suite of tools for data visualization, exploration, and analysis, as well as predictive analytics, collaboration and sharing, and integration with other SAP solutions. It is a powerful and flexible solution that can be used across industries and functions to drive insights and inform decision-making.
Important Features of SAP Analytics Cloud
#1 Cloud-Based Analytics
Cloud-based analytics is becoming increasingly popular among businesses of all sizes, and for a good reason. By leveraging the power of the cloud, businesses can access real-time data and insights from anywhere, at any time, using just an internet connection.
This means that decision-makers can stay up-to-date on key metrics and KPIs, even when they’re on the go. SAP Analytics Cloud takes cloud-based analytics to the next level by offering a range of powerful features that are designed to help businesses unlock the full potential of their data. Some of the key benefits of using SAP Analytics Cloud for cloud-based analytics include:
Accessibility: SAP Analytics Cloud can be accessed from anywhere with an internet connection, allowing decision-makers to access data and insights on the go.
Scalability: As businesses grow and their data needs change, SAP Analytics Cloud can scale to meet those needs, making it an ideal choice for businesses of all sizes.
Security: With built-in security features, SAP Analytics Cloud ensures that your data is safe and protected, even in the cloud.
Collaboration: With SAP Analytics Cloud, users can collaborate in real time, sharing insights and visualizations with colleagues, partners, and customers.
Integration: SAP Analytics Cloud can be integrated with other SAP solutions, as well as with third-party tools, making it a versatile tool for businesses looking to gain insights from multiple sources.
#2 Data Visualization and Exploration
Data visualization and exploration are essential for businesses because they help transform raw data into meaningful insights.
By presenting data in a visually appealing and interactive way, businesses can more easily identify trends, patterns, and outliers that might otherwise go unnoticed. This can help decision-makers make more informed and strategic decisions based on a deeper understanding of their data.
SAP Analytics Cloud provides robust data visualization and exploration features that enable users to create interactive visualizations, dashboards, and reports that are tailored to their specific needs. Some of the key features of SAP Analytics Cloud for data visualization and exploration include interactive and customizable dashboards, data exploration, and predictive analysis.
#3 Collaboration and Sharing
Collaboration and sharing are critical for businesses that rely on data to make informed decisions. Sharing insights with others enables businesses to achieve greater transparency and accountability, while collaboration fosters innovation and knowledge sharing.
SAP Analytics Cloud provides a range of collaboration and sharing features that enable users to work together and share their insights with others. Some of the key collaboration and sharing features of SAP Analytics Cloud include:
Real-time collaboration: SAP Analytics Cloud allows users to collaborate with others in real time, making it easy to share insights and work on projects together.
Sharing: SAP Analytics Cloud provides users with the ability to share their insights and visualizations with others, whether they are inside or outside the organization.
Mobile access: SAP Analytics Cloud can be accessed on mobile devices, enabling users to collaborate and share insights from anywhere, at any time.
#4 Predictive Analytics
By using data and machine learning, you can implement models that help you predict the results of certain scenarios before they happen. Predictive analytics is becoming increasingly important for businesses of all sizes as it allows them to gain insights into future trends, behaviors, and outcomes, helping them to make more informed decisions.
SAP Analytics Cloud offers robust predictive analytics capabilities that enable businesses to leverage their data to make more informed decisions. Some of the key features of SAP Analytics Cloud for predictive analytics include:
Machine learning: SAP Analytics Cloud includes machine learning algorithms that enable users to automatically identify patterns and relationships in their data.
Data modeling: SAP Analytics Cloud allows users to build data models that can be used to predict future outcomes based on historical data.
Forecasting: SAP Analytics Cloud provides users with the ability to forecast future trends based on historical data, enabling them to make more informed decisions about future business operations.
Visualization: SAP Analytics Cloud also includes a range of visualization tools that help users better understand and communicate predictive analytics insights.
#5 Integration with Other SAP Solutions
Integration is critical for supply chain analytics. A comprehensive supply chain analytics solution requires access to data from various sources, such as suppliers, logistics, and customers. The integration enables businesses to leverage data from multiple sources to gain insights into their supply chain operations and make informed decisions.
For example, SAP Integrated Business Planning can provide demand planning and inventory management capabilities, while SAP Ariba can provide supplier management capabilities. SAP Analytics Cloud can integrate with these solutions to provide a complete picture of supply chain operations.
SAP Analytics Cloud provides a single source of truth for supply chain data, enabling businesses to reduce data silos and improve collaboration across departments. SAP SAC has practical aspects in all aspects of business intelligence, such as supply chain analytics, data mining, data visualization, etc.
To learn more about SAP SAC and how you can get real-world value from it, you can follow great resources such as Diligent Global; they also provide free consultations to demonstrate the power of SAP SAC.