{"id":21199,"date":"2020-05-07T14:20:23","date_gmt":"2020-05-07T12:20:23","guid":{"rendered":"http:\/\/54.194.80.134.nip.io\/augmentedanalytics\/"},"modified":"2021-06-08T14:06:41","modified_gmt":"2021-06-08T12:06:41","slug":"augmentedanalytics","status":"publish","type":"post","link":"https:\/\/www.cubeserv.com\/en\/augmentedanalytics\/","title":{"rendered":"Augmented Analytics \u2013 Democratize BI – A Dream come true?"},"content":{"rendered":"\t\t
Imagine<\/strong><\/p> You get a push message telling you that the contribution margin for your top product range reaches a critical level!<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t Ok, I am sure your eyes are already open again. Fair enough, that is not a sensation and has been around for years.<\/span>\u00a0<\/span><\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t Imagine<\/b><\/p> You get a push message telling you that the contribution margin for your top product range reaches a critical level!<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t BUT you also get additional insights into the root cause of this issue which enables you to take actions immediately.<\/b><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t Let\u2019s try another case<\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t You get an Excel Sheet from your colleague with lots of numbers in columns and rows but no insights whatsoever. Wouldn\u2019t it be nice, just to upload it to your reporting tool and let the system generate a dashboard with insights, correlations and even simulation possibilities?<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t No problem, the tool is available. And yes, it does get even better: All of above is possible in the same solution, where you also build and manage your normal standard reporting, analyses, dashboard, predictive and planning.<\/p> Before we look at the solution, let us look at the expressions DEMOCRATIZE BI <\/b>and AUGMENTED ANALYTICS<\/b><\/p> Whenever a technology becomes more accessible and affordable, we can say that it has been \u201cdemocratized\u201d. The ability to access vast amounts of data in reasonable time and at reasonable cost is possible recently. Data Warehouses and a whole bunch of visualisation tools which rely heavily on IT enables us to have Reports, Analysis and Dashboard about anytime, anywhere and almost on any device.<\/p> Gartner\u2019s definition: “Augmented analytics is the use of enabling technologies such as machine learning and AI to assist with data preparation, insight generation and insight explanation to augment how people explore and analyze data in analytics and BI platforms.”<\/p> In order to really be enabled and empowered, business needs a tool which combines <\/b>the promises of DEMOCRATIZE BI and AUGMENTED ANALYTICS.<\/b><\/p> For a long time however, there was a lack of of the right tool. But not anymore.\u00a0 SAP Analytics Cloud<\/b> is the only available cloud-based solution for Analytics, Reporting, Planning, AI & Predictive capability with vast Features and Functions.\u00a0Built with the Business User as a creator of the Reporting, Dashboard, Planning and Predictive Scenarios in mind without the need to have IT and\/or Data Science experts. SAP Analytics Cloud is the strategic solutions by SAP and therefore a safe investment.<\/p> Therefore to implement and make use of tools like the SAP Analytics Cloud<\/b> will lead to the democratization of business intelligence technology. You are currently viewing a placeholder content from YouTube<\/strong>. To access the actual content, click the button below. Please note that doing so will share data with third-party providers.<\/p> More Information<\/a> <\/div> Augmented Analytics is an important and growing part of the SAP Analytics Cloud and currently consists of<\/span><\/p> Join our next Webinar and see for yourself live how all of above works and how it can bring added value to your daily work.<\/p> The Webinars audience are the\u00a0Finance and Controlling teams<\/strong>. It will always include Live Demos and be held in English.\u00a0<\/p> Duration: approx. 45 min,\u00a0all times are CEST.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t We are looking forward to get in touch with you.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\tLet\u2019s try again.<\/span><\/strong><\/h4>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
Now how does that sound? Interesting? Would you like to have that?\u00a0<\/strong><\/h3>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
Democratize BI<\/b><\/h3>
However, there are major drawbacks: <\/b><\/h3>
Augmented Analytics<\/b><\/h3>
Conclusion<\/b>:<\/h3>
If we want to address the examples at the beginning, we will make use of the Augmented Analytics features of the SAP Analytics Cloud:<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t