SAP Business Objects Predictive Analytics
This software solution from SAP provides the ability to perform statistical analysis, data mining, and predictive analytics on historical and current data. Predictive models can be created to discover hidden insights and relationships that can be used to make accurate predictions about future events. In this article we will give you a brief overview of the product
General
SAP Predictive Analytics can be installed as a desktop app locally on a laptop or as a client/server solution. The desktop app offers you the possibility to analyze local data on the go without internet or server connection.
SAP Predictive Analytics software includes a beginner-friendly automated analysis mode that can be used by customers with little prior knowledge of statistics. This automated mode provides the ability to train pre-built statistical models at the touch of a button, helping the customer make predictions for the future.
In addition to the automated mode, an expert mode is also integrated, which allows the already more experienced customer to create complicated models themselves in order to use them to analyze the data. Both the R and Python programming languages are used here.
Extensions
SAP Predictive Analytics can be extended with the SAP Predictive Factory, which is installed on a separate server. Here, already created models are automatically trained with new data and thus continuously improved. This is especially necessary if there are already many models that cannot be improved manually due to time constraints.
With an additionally integrated SAP HANA Predictive Analysis Library (PAL), you also have additional functions to run analytical algorithms on high-performance SAP HANA systems.
Data sources
Locally stored CSV, TXT or XLSX can be used as data sources. This, together with the desktop app, allows the customer to analyze data completely independently. But a direct connection to database systems such as HANA and the SAP BusinessObjects universes is also possible.
Recommendation
SAP Predictive Analytics can be usefully supplemented with many other SAP software solutions such as SAP Predictive Factory and SAP Analytics Cloud. It is also already included in more comprehensive software packages such as SAP Leonardo. The scope of the required extensions depends, of course, on the needs of your company. We will be happy to advise you in order to put together a software package tailored to your company.
Your advantage
Summary
SAP Predictive Analytics is a compact tool to build models that help you better understand relationships and trends in historical data and predict future events. The automated mode also offers beginners the possibility to deliver meaningful analyses in a short time. In addition, there is a wide range of useful extensions that help to analyze even larger amounts of data profitably.
Our offer
If you are interested in predictive analytics and would like to learn more about the possible applications, we will be happy to support you with professional and technical expertise.