SAP brings new analytics tools Predictive Analytics 2.0 and SAP Lumira’s Edge both promising simplicity and usability for non-experts.
SAP Predictive Analytics 2.0 offers updated capabilities for enterprises seeking insight into large volumes of data such as from the Internet of Things, while a new Edge edition of SAP’s Lumira tool targets small and medium-size businesses with data-discovery features.
The 2.0 version of SAP Predictive Analytics with new features for data preparation, visualization, scoring, data modeling and network analysis, enable users to predict and act in real time eliminates the need to make decisions based on batch processes. Instead, it uses highly reliable real time prediction that offers a host of other benefits like detection of fraud, retention of customers and maximization of revenues.
The software has six unique features that improve its performance over the previous version. It automates data preparation without a code, provides advanced
visualizations, creates predictive data modeling environment suitable for both business analysts and data scientists, enables a graphic display of variable individual contribution to the model, enhances model management solutions for business analysts and finally, allows users to detect social influences that impact consumer choices.
The new Edge edition of SAP’s Lumira data-visualization tool set, meanwhile, offers quick installation and the ability to create, view, modify and share compelling visualizations within the browser. User-management services included with the tool are designed to help provide better control and more secure data visualization and administration.
Combining the functionality of SAP’s predictive-analysis software with its InfiniteInsight suite of analytics tools, Predictive Analytics 2.0 aims to help
organizations uncover trends and patterns in massive stores of data. Leading software-related services provider SAP SE recently announced the availability of SAP Predictive Analytics 2.0 Software. The latest product is expected to provide the benefits of predictive analytics to business users, business analysts and data scientists.
SAP’s latest offering takes predictive analytics to a whole new level by helping organizations decipher trends from Big Data, Internet of Things (IoT) and
third-party data sources, thereby, improving their understanding of customer behavior. Management remains bullish on the expectation that SAP Predictive
Analytics’ 2.0 version will ultimately drive tangible business value and profitability growth.