SAP Analytics Cloud uses artificial intelligence (AI) and automated machine learning technology for predictive analysis to help discover deep insights, simplify access to critical information, and empower informed decision making.
Explaining AI, machine learning and augmented analytics
Objectives
After completing this lesson, you will be able to:
- Explain how AI technology is used in augmented analytics
Artificial intelligence, machine learning and augmented analytics
Machine and rules based learning
Machine learning gives computers the ability to learn without being explicitly programmed and is a key component to SAP Analytics Cloud augmented analytics.
Artificial intelligence is a combination of algorithms, code, or techniques that enable machines to mimic, develop, and demonstrate human cognition or behavior. AI can be supported by if/then type rules, or by using machine learning techniques, or by a combination of both.
Augmented analytics is an approach in data analytics that employs the use of machine learning and natural language processing to automate analysis processes that are normally performed by a specialist or data scientist.
SAP Analytics Cloud Smart features overview
SAP Analytics Cloud augemented analytics can help investigate a variety of business scenarios
SAP Analytics Cloud uses AI technology for predictive analysis to help discover deep insights, simplify access to critical information, and empower informed decision making.
| Sales and marketing | Operations | Fraud and Risk | Finance and HR |
|---|---|---|---|
| Churn reduction | Predictive maintenance | Fraud and abuse detection | Cash flow and forecasting |
| Customer acquisition | Load forecasting | Claim analysis | Budgeting simulation |
| Lead scoring | Inventory/demand optimization | Collection and delinquency | Profitability and margin analysis |
| Product recommendation | Product recommendation | Credit scoring | Financial risk modeling |
| Campaign optimization | Manufacturing process optimization | Operational risk modeling | Employee retention modeling |
| Customer segmentation | Quality management | Crime threat | Succession planning |
| Next best offer/action | Yield management | Revenue and loss analysis |
Smart features in SAP Analytics Cloud
SAP Analytics Cloud provides you with many artificial intelligence and machine learning utilities to assist you in your data analysis and planning activities.
- Search to Insight
- Request information in natural language simply by typing a question about your data.
- Smart Discovery
- Create a story automatically with supervised machine learning using regression for measures and classifications if you select a dimension.
- Smart Insight
- Right-click a chart element or data point in a table, and the system adds context. For example, in a table with a total salary value, SAP Analytics Cloud can help determine what the key contributors are to that total.
- Smart Predict
- Use a trained dataset to build a predictive model that can be applied to a target dataset. Run a forecasting algorithm to automatically project out time frames based on historical data.
