SAP Predictive Analytics
SAP Predictive Analytics is a powerful statistical analysis and data mining software. It enables you to create predictive models to discover hidden insights and relationships in your historical data.
Predictive analytics has a wide variety of possible applications. Predictive inventory and production management can help optimize production and logistics costs. Financial accountants benefit from the ability to identify possible cases of fraud based on transaction data. Marketing and sales divisions can reliably predict customer behavior, which in turn allows them to better target their cross-selling efforts and move into new market segments.
SAP Predictive Analytics has two components that allow for the implementation of these scenarios. The “Automated Mode” relies on machine learning to independently identify the relationships between data. After an initial training phase, no further programming is needed to have the algorithm make predictions about the occurrence of specific events. The “Expert Mode” enables data scientists to develop their own algorithms. The optional use of SAP HANA can greatly accelerate execution. The system uses connectors to draw data from SAP and non-SAP sources.
The wide range of statistical functionality is further enhanced by advanced visualization capabilities that improve information discovery for faster insights. This information serves as a strategic resource for your company and allows you to make the most of your investments in analytics solutions.
The consultants at Camelot ITLab have in-depth expertise in SAP Predictive Analytics and lend it to our customers to help them implement predictive analytics use cases. You will also benefit from our extensive experience in selecting the appropriate statistical analysis methods.