SAP’s Predictive Analysis gets upgrade

Enterprise software maker SAP AG yesterday announced upgrades to analytics software Predictive Analysis which the company said will enable users to carry out more flexible modeling and achieve better performance from the software to handle big data in real time.

At the BI 2013 convention in Amsterdam, SAP introduced version 1.0.11 of its Predictive Analysis tool.

“SAP Predictive Analysis delivers a complete data discovery, visualization and predictive analytics solution design to extend current analytics capabilities and skillsets,” SAP said in a statement. “It is an intuitive experience with enough power for data scientist to conduct sophisticated analysis using big data, yet simple enough to allow business analyst to conduct forward-looking analysis using departmental data from Excel.”

The enhancements to Predictive Analysis include:

  • Greater flexibility to expand predictive model execution to other SAP applications, including SAP Customer
  • Relationship Management and SAP Fraud Management
  • Extended algorithm set with the ability to run any R-script
  • Faster execution against large data volumes
  • New data preparation techniques and functions for streamlined models
  • Richer displays of data and visualizations for improved analysis
  • Better analysis of data with more charting

The updated software features better integration with Lumira, SAP’s software for model visualization.

Together with a native predictive analytics library (PAL) for in-database processing and the SAP HANA platform, business can use Predictive Analysis to run “what-if” scenarios in real time in “split seconds so they don’t miss their window of opportunity,” The SAP statement said.

 

Would you recommend this article?

Share

Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.


Jim Love, Chief Content Officer, IT World Canada

Featured Download

Nestor E. Arellano
Nestor E. Arellano
Toronto-based journalist specializing in technology and business news. Blogs and tweets on the latest tech trends and gadgets.

Featured Articles

Cybersecurity in 2024: Priorities and challenges for Canadian organizations 

By Derek Manky As predictions for 2024 point to the continued expansion...

Survey shows generative AI is a top priority for Canadian corporate leaders.

Leaders are devoting significant budget to generative AI for 2024 Canadian corporate...

Related Tech News

Tech Jobs

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

Tech Companies Hiring Right Now