Predictive Analytics - The Big Data Trend

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Predictive Analytics

In today's fast-moving times, it is necessary for companies to think and act with foresight in order to withstand the intense competition. In order to gain an advantage, it is no longer sufficient to react to trends and losses; instead, opportunities must be recognized and exploited early to avoid losses. Predictive analytics techniques, such as data mining, artificial intelligence, or machine learning, can be used to make predictions about the future. This makes it possible for companies to act proactively with the help of predictive analytics, to identify and analyze trends at an early stage, and thus make well-founded decisions. So it's no wonder that predictive analytics is a topic that will continue to gain importance in the future. According to a study conducted by BARC in 2021, 68% of the 319 companies surveyed said they intend to start using integrated data and analysis software for predictive analytics in the future.

Challenges

When introducing predictive analytics, companies face various challenges that need to be overcome in order to implement their predictive analytics project successfully and with benefits. The graphic shows the results of a study by Computerwoche and CIO from 2018.

The biggest challenges companies face with regard to predictive analytics projects.

 

New possibilities with Predictive Analytics

If you as a company succeed in overcoming the challenges that predictive analytics projects bring, new opportunities and numerous advantages will arise for you. Among other things, you can optimize your operational processes and have a better data basis for strategic decisions. Further advantages of predictive analytics are:

  • Improved profit margins
  • Better customer understanding
  • Improvement of product quality
  • Reduction of risks through early detection
  • ...

Predictive Analytics solution

SAP Analytics Cloud

As a holistic solution for planning, analysis, and reporting, the SAP Analytics Cloud (SAC) offers a central cloud platform with the help of which data can be modeled intuitively and presented in attractive dashboards. The front-end BI tool allows decentralized use and ensures uniform data and a sound basis for decision-making throughout the company.

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Our products for your success

Prefabricated packages and modules

Enablement Package for SAP Analytics Cloud

First steps with SAP Analytics Cloud

You have newly introduced the SAP Analytics Cloud and need help getting started with SAP's cloud solution?

We are happy to support you and help you with the first steps. Choose your desired topics from various modules.

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Training Course for SAP Analytics Cloud

Learn the basics, functionalities and possibilities of the SAP Analytics Cloud

Get an introduction to the SAP Analytics Cloud (SAC) and learn about the functionalities and possibilities that the SAP Analytics Cloud offers you.

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Power Workshop for SAP Analytics Cloud

Become an expert for the SAP Analytics Cloud in just 2 days

Benefit from the many advantages of the SAP Analytics Cloud in your daily work and, for example, visualize real-time analyses based on data from a wide range of sources. Our experts will provide you with the necessary know-how in a very short time in our Power Workshop for SAP Analytics Cloud.

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Starter Package for Sales Planning

Modern Sales Planning in the SAP Analytics Cloud 

Now it's easy to keep an eye on your sales figures and create future forecasts in the SAP Analytics Cloud. With the Starter Package for Sales Planning, this is easy and can be implemented in just 50 days.

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POWER WORKSHOP FOR PLANNING IN SAP ANALYTICS CLOUD

Data-based planning in the SAP Analytics Cloud

Learn which is the right planning scenario for you and how you can implement your planning requirements with the SAP Analytics Cloud.

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Business Intelligence - predictive-analytics

Read more about the topic of Predictive Analytics in our blog

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Contact Person

Andreas Mayer IBsolution

Andreas Mayer

andreas.mayer@ibsolution.de
+49 7131 / 2711-1003

The right partner for your Predictive Analytics projects

Put your business intelligence and predictive analytics topics in the competent hands of IBsolution. We are not only familiar with the technological, but also with the business aspects of sophisticated predictive analytics projects.

Together with you, we develop intelligent strategies, define and implement processes, provide downstream support and train your employees.

We combine a high level of technical knowledge and a process-oriented mindset with strong project management skills when carrying out projects.

Benefit from our Know-How

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