We live in a reality in which terabytes of data are commonplace. It is worth considering this phenomenon, not as a problem but rather as a challenge that must be addressed in order to make optimum use of the opportunities offered by access to a huge wealth of knowledge. More than ever companies need to acquire the capacity to respond to the evolving market conditions. Understanding the processes of change and the effective preparation for these changes is a prerequisite for maintaining a competitive advantage. The ability to answer the question “what will happen?” is no longer the domain of divination, but it is becoming a business necessity.
What will happen?
However, from an analytical point of view, most organizations are still only able to say “what happened?” This applies in particular to the existing SAP customers, who used SAP Business Intelligence tools and did not have other similar SAP tools, and rarely choose to additionally purchase specialized tools for statistical and predictive modelling from external vendors.
The solutions to perform predictive analyses differ from traditional Business Intelligence tools. Their main task, rather than access to standard reports on sales or inventory ...