SAP BusinessObjects Predictive Analysis

The SAP company entered at the beginning of 2012 the market of predictive analytics with a packet of BusinessObjects Predictive Analysis. A system will compete as with the well-known means released by SAS Institute, IBM SPSS and Oracle and with technologies which develop the companies startups, for example, of Revolution Analytics.

With a packet of BusinessObjects Predictive Analysis a number of the built-in algorithms of predictive analytics is delivered. Besides, application of the algorithms implemented in language of statistical analysis of R is possible. Also different methods of data visualization and preparation and their processing using the graphical interface are supported. Further are going to integrate a packet into SAP with DBMS HANA in which there is a library of statistical functions too and also to implement work with other popular DBMS, including Oracle.

Methods of predictive analytics differ from a traditional business intelligence. The purpose of predictive analytics is the research and data modeling allowing to reveal correlations and trends on the basis of which the forecast of a consumer behavior, work of business and other events becomes.

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Updating of SAP Predictive Analysis 1.0.11

SAP announced an exit of updates for the solution of predictive analytics. Now the product provides more flexible and productive modeling, allowing to analyze Big Data in real time. The SAP solution for predictive analytics helps all responsible, making decisions, to quickly detect unrealized opportunities, to react to unforeseen risks. The announcement of a release of the updated solution was heard at the forum BI2013, on June 11 - 13, 2013, in Amsterdam.

The new version is more closely integrated with the SAP solution Lumira which helps to visualize models and expands possibilities of business users. Thanks to the innovation opportunities users will be able independently to create forecasts and to make the justified and effective decisions, without resorting to the help of analysts. The SAP solution Predictive Analysis with the built-in library of the forecast analysis (Predictive Analytics Library, PAL) allows to execute information processing in the database and to use all power and high-speed performance of the SAP HANA platform. The enterprises can work with scenarios now "that if" in real time, receiving the best option for a fraction of a second, it helps not to miss the opening opportunities.

As a part of improvements:

• Higher flexibility for expanded use of forecast models in combination with other applications, including SAP Customer Relationship Management and SAP Fraud Management.
• Expanded set of algorithms for accomplishment of any R-script scenario.
• The accelerated processing of large volumes of data.
• New technologies of data preparation and function for the accelerated modeling.
• More convenient means of representation and data visualization promoting increase in efficiency of the analysis.
• The optimized means of data analysis, there are more charts.

"The SAP solution Predictive Analysis which entered the market last year, was already recognized the best in area of predictive analysis of data thanks to unique opportunities of the SAP HANA platform which allows to analyze Big Data in real time — Steve Lucas, the executive vice president and the CEO of division of Analytics and Database & Technology, SAP noted. — SAP aims to help the clients to implement opportunities which are opened by predictive analysis of Big Data. New tools of analytics are intuitive and simple in implementation, they are created based on the platform of real time SAP HANA".