SAP Enters the Cloud Business, Delivers Cloud for Analytics

By CIOReview | Thursday, October 15, 2015

FREMONT, CA: SAP has delivered its Cloud for Analytics, a Software-as-a-Service (SaaS) tool, and in the near future it will add planning, business intelligence, predictive analytics and GRC capabilities, reports Larry Dignan for Between the Lines.

Developed on SAP HANA Cloud Platform- an open platform-as-a-service providing unique in-memory database and business application services, the new tool is going to surface data from several stores both in the cloud and on-premises. Enterprises can use this solution to allow their employees to track performance, analyze trends, predict and collaborate to make informed decisions and improve business outcomes without moving their data to the cloud.

With an aim to have its customers on one analytics platform, SAP states, “Our analytics cloud will unify business intelligence, planning, budgeting and predictive algorithms in one place with integrated workflows. It will be integrated with Google Apps for Work also.”

Benefits of the Cloud for Analytics for customers include unification of BI, planning, budgeting and predictive capabilities in a one-product experience; delivery of business outcomes with workflows that go from real-time insight to taking action, all within the application; access to all data, which gives business users the ability to easily sample, wrangle, combine and blend any data; ability for finance professionals to quickly and easily build connected planning models; and ability to spot market trends based on social media data analysis.