SAP Features and Future Prospects

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SAP Features and Future Prospects

SAP Analytics Cloud, which is generally referred to as SAC, is the cloud visualization tool created by SAP. It is a tool that combines three functionalities, such as business intelligence, predictive analysis, and planning, into one single tool.

It is a software-as-a-service (SaaS) platform that brings together a combination of different tools and functionalities that are used for data visualization, data analysis, and business planning. It provides the necessary support to the business analysts, data scientists, and developers through which they can perform their business intelligence tasks, financial planning duties, and other application building tasks. Generally, it runs on a business technology platform.

SAC is an integral part of business intelligence and plays an important role in the SAP ecosystem.

SAP Analytics Cloud (SAC) is the new and emerging tool in the SAP portfolio that is designed to meet the growing need for visualization in the cloud. Its main function revolves around the creation of data reports. The data is collected from a number of sources, such as real-time data taken from business activities, budget forecast data, and data sourced through excel.

The SAC solution is easy to use, and every producer can create reports of varying complexity with autonomy. Due to its usage and benefits, it is considered one of the powerful analytical tools used for data visualization.

The main features of SAC under different heads are:

Business Intelligence: It includes the captions like data access, data modeling and data visualization.

  • Under data access, SAC allows data to be obtained through data import or direct reading of the data from the database.
  • Under data modeling, the data is prepared with indicator addition, insertion of formulas, or modification of values.
  • Data visualization: the data is highlighted using graphs, tables, and other graphical components.

Predictive Analysis: SAC is into predictive analysis wherein artificial intelligence innovations are used to make predictions. Also, some tools, such as smart discovery, identification of influential elements, etc., are used to make the predictions.

Budget Planning: SAC enables the combination of financial and operational statements through which budget planning versions are created and modified. Under this, tools such as machine learning and predictive forecasting tools help in anticipating the future.

SAC is meant to be easily accessible as per demand. It’s not that non-IT members can use it or not. Anybody who’s representing the business and using SAP to connect to its products can use it.

The solution is easily adaptable to any business department where there is sufficient data, from a large company to a SME.

SAC is known for mass data analysis. Thus, it entails utilizing more data that result in improvised results that propose more relevant key indicators.

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SAP is constantly working on improving usage of the SAP Analytics Cloud (SAC). Being a cloud tool, it is constantly under improvement with no extra cost. Its future is also prospective as its functionality supports the main wing of business intelligence and planning.

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