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

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.

Watch this short video to find out more.

Machine and Rule-based Learning

Machine learning gives computers the ability to learn without being explicitly programmed and is a key component of 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 or 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 (NLP) to automate analysis processes that are normally performed by a specialist or data scientist.

Watch this short video to learn more about the difference between machine learning and rule-based learning.

SAP Analytics Cloud Smart Features

SAP Analytics Cloud augmented 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 allow informed decision making.

A slide picturing the different ways that AI and machine learning can support solving a range of business problems.
Sales and marketingOperationsFraud and RiskFinance and HR
Churn reductionPredictive maintenanceFraud and abuse detectionCash flow and forecasting
Customer acquisitionLoad forecastingClaim analysisBudgeting simulation
Lead scoringInventory/demand optimizationCollection and delinquencyProfitability and margin analysis
Product recommendationProduct recommendationCredit scoringFinancial risk modeling
Campaign optimizationManufacturing process optimizationOperational risk modelingEmployee retention modeling
Customer segmentationQuality managementCrime threatSuccession planning
Next best offer/actionYield managementRevenue 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.

SAP Analytics Cloud Just Ask Feature and 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 data set to build a predictive model that can be applied to a target data set. Run a forecasting algorithm to automatically project out time frames based on historical data.
Note
Search to Insight is currently the default application, however, system administrators can enable the SAP Analytics Cloud just ask feature.

Create an Automatic Forecast Using SAP Analytics Cloud Smart Features

You have created a chart in your story. You want to add a forecast to the chart.

In this practice exercise, you will:

  1. Add an automatic forecast to your story.
  2. Use advanced options to add a linear regression forecast to your story.
  3. Use advanced options to add a triple exponential smoothing forecast to your story.
  4. Review the forecast quality and confidence.

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