Times of crisis and difficulty are not such rare occurrences, and as we have seen in recent years, companies are constantly being forced to face an increasingly complex set of challenges. Global economic collapses, procurement difficulties, unforeseen supply chain disruptions, and significant increases in material and energy costs are putting companies of all sizes to the test, and those who have managed to get through them without suffering too much of a setback is because they have harnessed the power of digital.
Those who invested early on in advanced analytics solutions were already prepared to deal with difficulties and, in some cases, even prevent them. Obviously, no platform could predict events such as the pandemic or the conflict in Ukraine, but these digital solutions made it possible to quickly understand the impact of these events on one’s value chain, and readjust accordingly quickly to minimize the impact. Among the most widely used Analytics platforms is. SAP Analytics Cloud, an as-a-Service solution that integrates planning, predictive analytics, and business intelligence capabilities.
SAP Analytics Cloud, the platform to manage business crisis and optimize processes with ease
Analytics solutions are nothing new, but traditionally they have been complex to use, and extracting value from data, insights, usually requires having some data scientist with deep knowledge on your side. SAP Analytics Cloud, by contrast, introduces the Augmented Analytics, which allow anyone to query the system and obtain data and predictions in total simplicity. Querying, in this case, is meant in a literal way, since one can also ask natural language questions to the system, which will respond in an equally understandable way.
To give a concrete example, a document containing a list of orders can simply be dragged onto the SAP application, and using the I’m Feeling Lucky option the system will automatically go and analyze them, taking care of organizing and displaying them via highly intuitive dashboards. Credit to machine learning algorithms, which will also take care of interpreting operator requests.
Queries that, as anticipated, do not have to be asked using complicated formulas or scripts: SAP Analytics Cloud can answer questions such as “Show me the value of orders broken down by products.”
Artificial intelligence and machine learning built into SAP Analytics Cloud are used not only to interpret language, but also to help make faster and more informed business decisions: in fact, SAP’s business intelligence suite can automatically detect relationships between data that are not immediately visible, even suggesting possible actions to be taken. With the Smart Predict, in fact, is just one click away from obtaining predictions about business performance, derived by comparing historical data and data captured by the system in real time. The advantage is not only that it allows any user of the platform to get insights without having to consult a data scientist, but also the fact that AI does not have the same cognitive biases typical of humans.
AG Real Estate, Belgium’s leading real estate operator, uses it to predict the flow and behavior of consumers inside shopping centers, helping those who manage them maximize revenue and find ways to engage them and push them to return. Parkland Health and Hospital Systems, on the other hand, relies on SAP Analytics Cloud to predict the flow of patients in emergency rooms and estimate the most effective way to manage them, to track the locations and activity of front line workers, and to generally manage hospital operations.
Software to manage business crisis: SAP Analytics cloud to improve operation and reporting in difficult times
When because of Covid the whole world began to activate even drastic solutions to prevent the spread of the virus, many companies found themselves in crisis. Employees could no longer move freely to go to the office, and many companies realized how information silos began to be a hindrance to business development, since it was complex to retrieve information to analyze it and, more importantly, to do so in real or near real time. Problems faced by Vetropack Group, a Swiss company that produces bottles for the food & beverage industry. The adoption of SAP Analytics Cloud has enabled the Swiss company to simplify its reporting and workflow management, allowing it to cut the time needed to develop reporting dashboards by a factor of four. By relying on real-time data and a powerful AI engine, Vetropack was also able to more efficiently scale operations even during the pandemic, being able to anticipate potential problems and make decisions faster.
SAP Analytics Cloud is an as-a-Service solution for integrating business intelligence, enterprise planning, and predictive analytics functions to help companies break down information silos, gain visibility into all their operations, and make business decisions faster based on up-to-date data.
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