EDUCAÇÃO E TECNOLOGIA

The Many Sides of SAP Analytics Cloud

Thankfully, as business needs to advance and expand, technology is moving with those needs. The SAP Analytics Cloud is a cloud solution that combines data from different sources to help businesses accurately predict the financial and operational future and aids strategic planning. It is a unique combination of intelligence, prediction analysis, and planning suggestions to help businesses gain a leg-up in the corporate environment. Thus, this solution is useful for any business, especially in these incredibly uncertain times.

Features of SAP Analytics Cloud

Data Consolidation

Businesses are very complex systems. It takes many elements for a business to work like a well-oiled machine. All of these elements produce their own set of data. For example, the accounting will provide financial data, and human resources will provide data regarding employee engagement. All of these units need to be analyzed in the union to understand the current business environment better. SAP Analytics Cloud pulls data from all these different elements. Users are then allowed to either import processed information or read real-time data directly.

Data Visualization and Modelling

When people are given a bunch of numbers, they would not understand what they mean or even what their relevance to the business is. Therefore, SAP Analytics Cloud applies formulas to the data to calculate different meaningful values like the level of risk a company can withstand. The tool also disseminates the information in different data presentation styles like graphs. This tool enables the user to have a better idea of things like correlation and rates, among others.

Data Prediction Analysis

The capability to predict the future is an integral factor in its success and determines strategic moves. SAP Analytics Cloud enables predictive analysis of data. For example, if the company stock is valued at a certain level. By extrapolating the affective factors, the tool can predict any stock value growth and provide information like future stock price and return. The tool can also recognize elements whose trend seems out of sync with the expected or the norm.

User Management

The user management of SAP Analytic Cloud is actually one of its security features. The person who purchases the tool is the presumed owner. They have to then create user profiles for everyone who will be allowed access. Users can be added manually, or they can be lifted from a directory or file. The latter is easier as it reduces the chances of erroneous additions, which would compromise data safety.  The owner is also enabled to create dynamic addition. This dynamic addition is a setting that automatically creates a profile once a user logs into the system. This comes in handy when there are too many users and no time to create each user profile.

This tool comes with default roles. These are roles that are common and deemed useful to the company type. However, the default roles are not set in stone. They can be used or discarded. They can also be modified to fit the organization better. For example, some companies have finance directors while others only have finance managers.

Once user profiles have been created, then the owner can decide who gets to see what. By clicking on each folder, the owner can choose who can access it. They can even decide whether to grant export privileges or not. This works to increase security. These security levels in user management help maintain boundaries regarding access to critical company information.

Support

Security

Security is a key component in ensuring that the business maintains its competitive advantage and protects its clients’ privacy. Businesses are at the risk of compromised data both from internal unauthorized parties and external parties with malicious intentions. One of the most desired features of any tool applied in business is security. The SAP Analytics Cloud has security features embedded in every trait, from user engagement to planning.

Models can restrict security. This also means that anyone who is not an owner or has a role would not have access. This works to keep away the external malicious parties and even some internal unauthorized characters. Specified barriers can also curate security. This means that some users will be able to go further than others based on their roles and positions in the company. Even with levels of restriction, the owner can still control what users in different levels can see. For example, if someone is a level one user, they might only be allowed to see sales data but not inventory levels.

SAP Analytics Cloud allows users to lift some data from the system. However, an owner can control who can and cannot do this, if at all. They can only allow the users to see the data on the screen but cannot lift it.

Best practice guides

Different owners use SAP Analytics Cloud for different purposes. These different functions require different approaches so that open may get the most out of it. There are support documents to allow owners to discover the best methods of using the tool for data modeling. These guides are especially useful as they almost flatten the learning curve. One can also get the best ways and methods to troubleshoot and recognize issues before they interrupt operations.

Quick Answers

When using a new tool, rarely will a person fail to encounter some hurdles. With SAP Analytics Cloud comes a bank of quick answers. These quick answers direct the user to a quick resolution. They are especially helpful in cases where issues have been encountered at the first log-on attempt.

Advantages of SAP Analytics Cloud

Better database management

As mentioned above, companies are complex. So complex that there might sometimes be too many balls up in the air. The consolidation capability of SAP Analytic Cloud allows a company to have all data and information in one place. This ensures that a company will not exclude any data in the planning and decision-making process. The company also gains the benefit of accurately judging its health and quality of operations. Accuracy in the presentation of its status helps increase trust among stakeholders. It becomes more reliable in its communications.

Better results

More accuracy is gained from the use of all company data, meaning better planning. Better planning means that the company will see better results. For example, if from the analysis it is realized that there is an upward trajectory in visits to the company websites, then the best move would be to optimize the website as well as ensure that all products are well represented. This would lead to a positive deviation in sales revenue.

Adaptable and Flexible

SAP Analytics Cloud is adaptable to any business. The developers understand that all businesses are distinct in their structures and needs. Therefore, those businesses would need some features more than others. They have made the tool applicable to any business, whether it has existing technological pipelines or only just starting out. The ease with which the tool can be applied to businesses of different sizes is a marvel.

The tool can also take commands. The data analyzer is especially adept at handling necessary but peripheral data analysis. These may not be bundled with the main analysis files but will be separate to use and consult when needed as needed. This is akin to having a dictionary on the side while reading a book. To consult in case a word is a little too befuddling to continue, and the meaning might change the flow of the plot.

Fresh data

This tool consistently pulls data from different activities. This means that at any one time, a user can refresh and get the most recent data. For example, a user can get information on how much of the daily sales target has been achieved by 1300 hours. This constant access to fresh information is useful to businesses as it helps them recognize some kinks that would not have been seen otherwise. For instance, if a business has the official closing time as 1630 hours, but the sales data shows that there is an influx of clients in the evening, then it could revise the operating hours to accommodate the sunset rush.

Prediction capability

The ability to see the future is rare. Many can analyze information, and they would still only come up with likelihoods. However, this tool looks at the business activities in their entirety such that there is more accuracy in the predictions. By recognizing factors impacting different elements, the business is more confident in making plans based on the information derived.

The Future of Business

It seems like the SAP Analytic Cloud is mostly concerned with the future. When the pandemic has rendered businesses helpless and incapable of seeing the future clearly, this is a useful tool to have around. It combines data consolidation and prediction analysis tools to enable proper and effective planning for businesses of any kind; you could see more or experience a lot with SAP Analytics Cloud.