How to turn data into value with SAP Analytics Cloud

In recent years we have heard very often that data is the oil of the third millennium. Which is certainly true, and it is certainly not a new concept, but it needs to be explored further. For it is not the data per se that automatically constitutes a value, but it is fundamentally the use that one decides to make of it.

Indeed, data can be converted into knowledge by processing it with software and other analytical tools, which can make it easier to identify trends and patterns. Only in this way can data be turned into value, using it to make decisions, such as what products to buy or how to respond to customer inquiries.

SAP Analytics Cloud is software, cloud-based as the name suggests, that helps users turn data into value. The software gives users the ability to visually explore data, create reports and dashboards, and share insights with others.

How can we turn data into value?

Getting the most out of your data with SAP Analytics Cloud

SAP Analytics Cloud offers users the ability to collect, visualize and analyze data to make more informed decisions. In addition, with advanced analytics tools, for example, all augmented analytics solutions, users can identify trends and relationships in the data. This can help organizations improve their business processes and make more informed decisions about their operations. Here are some of the main benefits of using this data augmentation solution.

A solution for the entire supply chain

One of the major problems in advanced data management is the need to include every piece of data in the process. Even the smallest transaction could prove valuable when used to feed predictive analytics engines. SAP Analytics Cloud allows data from the entire infrastructure to be synchronized, in real time, using a single system.

Based on a cloud platform and HANA in-memory database, SAP Analytics Cloud can integrate, process, and analyze data in real time and transform it into valuable information accessible to all users. Predictive analytics can be used to make decisions, even in real time, and the information gathered can be accessed and used from any device, at any time. This provides users across the enterprise with fact-based, real-time information to support decision making at every stage.

Exceptional tools for leadership

SAP Analytics Cloud can be used profitably throughout the enterprise, but in particular it provides management with a broad and detailed view of predictive and predictive metrics.

Effective and immediate dashboards and reports provide a tool through which decision makers at various levels can enhance the value of data in making strategic decisions.

Business intelligence and predictive analytics systems calculate possible outcomes in different scenarios across the entire business process, using complex algorithms, helping the company on the path of digital transformation to the data driven company.

Through its features and functionality, SAP Analytics Cloud helps decision makers save time, resources and reduce risk through easy-access real-time information. In addition, it should be mentioned how, through such an advanced Business Intelligence system, collaboration between departments and departments is facilitated, thanks to the permeability of the data and information processed.

Valuing data: some of the main areas of focus

The use of an advanced Business Intelligence platform opens up numerous optimization opportunities for companies. These are especially important because they create a direct correlation between data and its transformation into value in the form of savings and higher margins.

Identify cost centers to be optimized

In an increasingly competitive environment, it is essential to identify specific areas where you are spending too much or not getting an acceptable ROI. SAP Analytics Cloud provides real-time access to data, synchronizing the entire infrastructure and presenting the information in easy-to-read dashboards, allowing you to accurately identify off-parameter cost centers.

Reducing the Total Cost of Ownership

Maintaining, repairing, and upgrading enterprise resources can be a particular focus for companies looking to optimize costs. By implementing cloud solutions, the TCO is immediately reduced and the efforts required of the IT team for routine maintenance are limited. In addition to cost benefits, SAP Analytics Cloud offers additional savings because it is a single platform for planning and business intelligence. Using a single converged resource, in short, is yet another way to keep costs down, and indeed offers more opportunities for integration.

Identify higher-margin customers and products

Every company’s priorities include attracting new customers and creating innovative products or services. Knowing, based on data, which are the best opportunities to increase profitability is equally critical, to direct efforts in the right direction. With SAP Analytics Cloud, you can integrate real-time data into the context of sales, production and accounting to identify products and customers that generate the greatest revenue.

Turning data into value: a guide for every type of business

We have seen some of the main areas where SAP Analytics Cloud can help companies in turning data into value. In each case, it is a path that must, first of all, take into strong consideration the specifics of each company. Understanding whether, for example, the fact that access to real-time data is an objective advantage for business decision makers, methodically determine which data are of relevance and which access modes are most advantageous-all this requires in-depth analysis and design.

When does data become a real business asset? When its existence becomes functional to business strategies. SAP Analytics Cloud makes it possible to transform data into value, while enabling the simplification of business processes, including from an IT perspective, and improved levels of collaboration between different areas of the company.

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