SAP Predictive Analytics is SAP’s business intelligence software, designed to help organizations analyze large data sets and predict future results and behavior. For example, SAP Predictive Analytics can provide insight into large data and Internet of Things by creating predictive analytical models to identify unpredictable opportunities, better understand customers, and uncover hidden risks.
However, before creating a forecasting model, analysts must convert the data into a format that analytical engines can process. Conventional forecasting was created by applying data as a result of manual development of scripts and algorithms. This often involved a process that was technically difficult, boring and error prone. SAP Predictive Analytics, developed by a specialized team, aims to automate the process, and to facilitate business users and data analysts to create forecasted models.
With SAP Predictive Analytics, users can analyze and visualize data through pre-built algorithms written in the open source statistical programming language and then graphically chain models to perform complex analysis. With the advanced features of SAP Predictive Analytics, users can also perform data preparation, prediction modeling and scoring to help analyze data without manual modeling. Updated SAP Predictive Analytics combines these features in a single framework. With its user-friendly interface, users can predict either manually generated fictions or ready-to-read algorithmic models.