Impact of Embedded Analytics on SAP S/4HANA 1610
SAP S/4HANA has now brought in real-time embedded analytics with over 5000 customers buying into this tech of the future. The speed of adoption is near exponential, with statistics reporting over a third of customers adopted it in the last quarter of 2016 alone. Real-time feedback from clients and customers adopting SAP S/4HANA indicates that this as a product brings about visibility and Business value to great extents, which are only enhanced by the opportunities that embedded analytics, has to offer.
Embedded Analytics has conventional Management Information Systems as its counterpart. And the embedded analytics serves not only as a real-time substitute to MIS. Its applications extend well beyond that of an alternative and work to seamlessly enhance ERP processes with relevant insights of an analytical nature.
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When you are processing a customer’s sales order, you will be able to update the price of a particular product or service according to the customer’s projected value in terms of the revenue he/she will bring in. You will be able to swiftly provide appropriate and relevant discounts according to the customer value projected over a certain period.
It is also worth noting how fast the overall landscape of analytics technology is changing, making it difficult for enterprises to navigate. The goal is not only to embed analytics into technology at all levels but also into various levels of Business Operations.
Embedded Analytics- An Overview
Embedded analytics refers to the set of tools, features, and pre-defined content enabled in SAP S/4HANA. This in turn allows enterprises to embed real-time Business analytics within a Business process context. The end goal here is the enhancement of the effectiveness and efficiency of Business processes via integration, analysis, and visualization of analytics and KPIs- all within the purview of Business process execution.
While this is not a new concept, the major change here is the introduction of the HANA database along with the in-memory processing power. The dynamic data views which are possible here in real-time remove layers and latency in the end-to-end process which will enable quicker insight into action and most importantly will minimize the TCO. Batch processes or day-long processes can now be done on the fly, instantly. Real-time visibility into transactions, operations, and monitoring of the overall Business is changing the way clients view the intersection of analytics and Business process.
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What is the Embedded Analytics Tools?
SAP offers content that is standard and can be used in a plug-and-play mode with SAP S/4HANA along with the ability to create custom content offering a massive scope of opportunity for embedded analytics.SAP has introduced a massive amount of fresh tools to offer bonus functionality for users. This will also replace older tools of S/4HANA.
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Developers have access to what are known as Core Data Services (CDS) views. Such views function as a semantic layer to the database. This enables developers to connect functional transactions and master data with the relevant views. This can be used by Businesses and in conjunction with embedded analytics tools, underlying datasets can also be integrated with Business objects of said tools, offering further advanced analytics. This will also integrate seamlessly with the pre-existing landscape.
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Embedded analytics is great for the integration of simple operational reporting into existing data landscapes. But EA does require a data warehouse to function at full efficiency. EA can integrate with BW to provide hybrid analytical scenarios which include the integration of real-time data with historical data present in BW. Also possible will be data archiving or integration with non-SAP data which can be highly granular. To sum up, embedded analytics is the wave of the future, and all who seek to stay on top must ride it now!
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