Maximizing SAP Analytics in S/4 HANA Public Cloud with M/L
In today’s data-driven world, businesses are constantly seeking ways to harness the power of data to make informed decisions and gain a competitive edge. SAP S/4HANA Public Cloud is an enterprise resource planning (ERP) solution that empowers organizations to streamline their operations and leverage data for strategic decision-making. To take this a step further, SAP offers the integration of Embedded SAP Analytics Cloud (SAC) key reports with machine learning, enabling businesses to extract more value from their S/4HANA data. In this blog, we will explore how these embedded analytics reports can revolutionize the way companies use their ERP system and highlight the benefits of combining machine learning with SAP S/4HANA in the public cloud.
The Power of Embedded Analytics in SAP S/4HANA Public Cloud
Embedded analytics is a paradigm shift in how organizations consume and interact with data within their ERP systems. Traditional reporting tools are often disconnected from the core business applications, leading to delays and inefficiencies in decision-making processes. However, SAP S/4HANA Public Cloud aims to change that by embedding SAP Analytics Cloud directly into the ERP environment.
Here are some key benefits of embedded analytics in SAP S/4HANA Public Cloud:
- Real-time Data Access: Users can access critical business data in real-time, eliminating the need to wait for periodic data updates or batch processing. This real-time access is crucial for making agile decisions in today’s fast-paced business environment.
- Enhanced Collaboration: Collaboration is simplified through shared reports and dashboards, making it easier for teams to work together and align on business objectives.
- Customization: Embedded analytics allows for the creation of customized reports and dashboards that cater to specific business needs. Users can choose from various data visualization options and design reports that provide insights tailored to their roles.
- Mobile Access: Users can access analytics on mobile devices, ensuring that decision-makers have the information they need at their fingertips, whether they are in the office or on the go.
SAP Analytics Cloud Key Reports: Enabling Machine Learning
One of the most exciting features of Embedded SAP Analytics Cloud in SAP S/4HANA Public Cloud is its ability to incorporate machine learning capabilities. Machine learning can be applied to key reports, offering a wide range of benefits, including:
- Predictive Analytics: Machine learning algorithms can analyze historical data to make predictions about future trends, helping organizations anticipate demand, optimize inventory, and enhance customer service.
- Anomaly Detection: Detecting anomalies in financial data, procurement, or other critical business processes becomes more accurate with machine learning. This can help in identifying potential fraud or errors in real-time.
- Natural Language Processing (NLP): Machine learning can be used to extract valuable insights from unstructured text data, such as customer reviews or supplier contracts. NLP can be applied to understand sentiment, identify key terms, and categorize content effectively.
- Recommendation Engines: Machine learning algorithms can provide personalized recommendations for products or services, leading to improved cross-selling and up selling opportunities.
- Automation: Routine tasks like data cleansing and data entry can be automated through machine learning, reducing manual workloads and the risk of errors.
Practical Use Cases
To illustrate the potential of embedded SAP Analytics Cloud key reports with machine learning, consider the following use cases:
- Demand Forecasting: Businesses can use machine learning to analyse historical sales data, external factors (e.g., economic indicators, seasonality), and other variables to predict future demand accurately. This helps in optimizing inventory and production schedules.
- Fraud Detection: Machine learning algorithms can detect unusual patterns in financial transactions, highlighting potential fraud in real-time. This is particularly critical in financial services and e-commerce sectors.
- Customer Churn Prediction: By analyzing customer behavior and interactions with the company, machine learning can identify customers at risk of churning. This information allows organizations to take proactive retention measures.
- Supplier Performance Analysis: Machine learning can assess supplier performance by analyzing delivery times, quality control, and other factors, helping businesses make data-driven decisions when selecting or retaining suppliers.
Embedded SAP Analytics Cloud with machine learning for SAP S/4HANA Public Cloud offer a powerful solution for organizations looking to transform their ERP data into actionable insights. With real-time access, customization, and machine learning capabilities, businesses can stay competitive and agile in an ever-evolving market. The combination of these technologies empowers organizations to make informed decisions, optimize their operations, and drive growth.
As the business landscape continues to evolve, the integration of embedded analytics with machine learning is poised to become a cornerstone of successful digital transformation efforts. By leveraging the power of SAP S/4HANA Public Cloud and SAP Analytics Cloud, organizations can turn data into a strategic asset, ultimately leading to more efficient operations and sustainable growth.
Written By: Giri Raaj (SAP)
Dated: 03 Nov’2023
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