Introduction

Data analytics is a broad term that encompasses many diverse types of data analysis. Any type of information can be subjected to data analytics techniques to get insights, reveal trends and metrics that would otherwise be lost in the mass of information. The analyzed information can then be used to optimize processes to increase the overall efficiency of a business or system.

SAP Analytic Cloud (SAC)

The global big data analytics market is forecasted to exceed $105 billion by 2027, according to a January 2020 study by Acute Market Reports. With organizations making significant investments in analytics, they are also looking for ways to overcome the common problem of user adoption.

As one of the advance and user-friendly analytic tools, SAP Analytics Cloud provides two options for creating analyses and dashboards: First, business users without programming knowledge can create Self Service Dashboards (SAC Stories) by using the stories and models. Second, Analytics Designer provides developers with the ability to create enterprise dashboards through advanced features and connectivity. 

SAC combines BI, augmented, predictive analytics, and planning capabilities into one cloud environment. It was one of the first tools in the business intelligence world to cover all these significant aspects of a business: planning, data visualization, and predictive analytics in a single solution. SAC is a SaaS-based product, a cloud option for aiding enterprises with all analytical tools. 

Key Features of SAP Analytics Cloud

Enterprise Planning

SAP Analytics Cloud works as an all-in-one financial planning and analysis (FP&A) solution, allowing businesses to create strategic alignment across all departments. The application enables businesses to make better end-to-end planning decisions with the use of advanced built-in smart features like financial modeling, automated reporting, allocations, and intelligent insights.

Business Intelligence

This feature enables users to explore data across the organization and deliver insights at the point of decision with intuitive self-service analytics.

Augmented Analytics

With SAP Analytics Cloud, augmented analytics capabilities (powered by AI, machine learning, and natural language processing) are built into the BI and planning workflows.

Why should you use SAC?

• Real-time Cloud Insights
• Customized Dashboard
• Collaborative Planning
• Live Data Connection
• Machine Learning capabilities
• Integrated Financial and Business Planning
• Predictive Analysis
• Automated data cleansing
• Data exploration and visualization
• Applications Integration with on-premise sources
• Mobile extension to connect with colleagues via iPhone/iPad

Want to get started with SAP Analytic Cloud? Contact us at info@r3consultingltd.com or fill out the form below and our team will reach out to you.