Data has become an increasingly important way in which we make decisions in the business environment and our day-to-day lives. Observation and intuition aren’t going anywhere, but by working with the SAP Analytics Cloud, you’re able to back up your gut feel with the data.
Although most people utilize some form of the cloud, not everyone grasps the value of the space. Nor do they understand how or why to use the SAP Analytics Cloud. This guide should make the tutorial process an easy one for all involved.
Designed by SAP, the Analytics Cloud is a business intelligence platform that gives its users all the analytics capabilities in one product. Some of the key components you can use are BI (business intelligence), predictive data, governance, risk, and compliance.
With the SAP Analytics Cloud, you won’t need to shift between applications while writing a report. Having everything available in one space means you can plan, predict, and visualize without looking for data in different locations.
There’s also integration with SAP Analysis for MS Office. For users who like familiarity, this is ideal. Security is essential, reflected in the data locking and enhanced access rights.
It’s when you get to the predictive analytics that things get interesting. This feature enables machine learning to carry out a guided analysis of your data. You’ll also get real-time access to on-premise details with the SAP Cloud. Embedded analytics is included, allowing you to use several features, such as what-if dissection.
There are several creation and modification tools included in the SAP Analytics Cloud. These are of particular interest to those who focus on data-driven budgeting, analysis, and forecasting.
Last but not least, users get access to SAP S/4HANA, which combines transactions, analytics, and planning.
Data-Driven Decision Making
An informed decision is invaluable, and that is precisely what the SAP Analytics Cloud enables you to make. The process involves finding and analyzing relevant data for patterns and insights. These can be used to develop strategies that benefit your business.
This process used to be time-consuming and needed specialist skills. The Analytics Cloud not only speeds this up but, in many cases, allows for a more in-depth and better interrogation of the data.
This valuable list of tips will ensure you arrive at decisions that generate positive outcomes for your business.
- Make sure of the quality and relevance of your data
- Be aware of your own biases when examining data
- Know your objectives and define your key performance indicators (KPIs)
- Ask the right data analysis questions
- Analyze and understand the collected data to arrive at a decision
- Make this process core to your business
In this increasingly digital world, finding the right tools to work with an overwhelming amount of data is crucial. The SAP Analytics Cloud brings all the applications you need onto one platform, allowing you to collect, analyze, and use the information you have access to. It’s user-friendly and is an asset you’ll come to rely on.