There’s no denying that many companies today are striving to become Insights driven. Unlike traditional enterprises, these organisations aim to grow exponentially while keeping a data-centric approach at their core. The right information to the right person at the right time is proving to be a central driver for business growth.
As organisations are trying to tackle the global COVID-19 crisis, Cloud has emerged as a critical enabler for modern businesses. A scalable, secure, cloud-based, agile solution can deliver valuable insights for enhanced decision-making and can prove to be a game changer for any organisation. Cloud-based solutions are helping businesses to keep pace by offering the benefits like reduced IT costs, improvement in data security and disaster recovery, increase in speed and overall process efficiency, scalability, flexibility etc.
While most organisations have access to a plethora of data, without intelligent analysis, context and insight into what that data means for the business is of very little value. Forrester research shows that 79% of small and mid-size companies want to extract more value from big data, and as part of that, 80% want to become more advanced in their ability to perform analytics. It also shows that insights-driven firms are 39% more likely to report year-over-year revenue growth of 15% or more.
To make the most of their existing data, companies must become insights-driven by letting data insights genuinely transform their organisation. Data to Insights guided journey requires predictive and prescriptive analytics. These capabilities enabled through machine learning will help organisations uncover insights that will yield more actionable outcomes.
Powered by sophisticated models and machine learning technology, SAP Analytics Cloud reveals insights that help you make data-driven decisions confidently. It unifies Business Intelligence, Augmented & Predictive Analytics and planning capabilities into one cloud environment. This holistic platform drives reporting, forecasting and predicting functionalities as a standalone solution.
SAP Analytics Cloud improves decision making within an enterprise and improves performance metrics across departments. It’s a highly flexible platform which can be integrated with other applications to eliminate the hassles of switching between applications. This ready-to-deploy Cloud-based solution helps you to streamline all your Insights-driven decision making by connecting your people, information and ideas.
Enterprises can do away with the traditional solutions and opt for this feature-rich solution to get:
Becoming insights-driven often requires companies to embrace new capabilities and technologies that, in many cases, may demand significant integration effort. Organisations need to rethink upon their decision-making approach and reimagine the process using Analytics and Cloud combination in this ever-changing business landscape. SAP Analytics Cloud is transforming decision making using its Enterprise Planning, Augmented Analytics and Business Intelligence capabilities. Users can get all the desired functionalities in a single solution enabling them to make intelligent decisions using real-time, hidden and contextual insights to boost business outcomes.
For those interested in discovering more about this, please check out this space in the coming days for our whitepaper on SAP Analytics Cloud.
About the Author
Yogesh Taneja leads the Global SAP Practice at MothersonSumi INfotech & Designs Limited (MIND). An IT leader with multi-dimensional experience of more than three decades in Enterprise IT and SAP. He is instrumental in helping enterprises in their digital transformation journey, thereby improving revenues, customer experience and optimizing costs. Hewlett Packard accorded him for SAP services and Ranbaxy Global Award for B2B automation.
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