Get Empowered with Embedded Analytics in SAP S/4HANA Cloud24-May-2022
Technology is changing the way businesses operate. Gone are the days when processes and operations were your best bet to run a successful operational business. It is now time for automation and the growing adoption of advanced technologies that allow companies to use their data better.
SAP S/4 HANA Cloud Embedded Analytics is one of the most significant SAP S/4 HANA Cloud Embedded Analytics offerings. This solution helps businesses simplify data models to use transactional data better. Continue reading to understand how Embedded Analytics in SAP S/4 HANA can empower your business.
What is SAP S/4 HANA Cloud Embedded Analytics?
SAP S/4 HANA Cloud Embedded Analytics is the next generation of analytics offered by SAP. one can reap the benefits of these analytical competencies by using the SAP S/4 HANA Cloud solution. Organizations of varied scales from different industries can benefit from real-time data analysis to drive better decision-making. In addition, organizations can now process a significant number of tables and millions of rows in no time.
Many define the SAP S/4 HANA Cloud Embedded Analytics as the toolset, concept, and content that facilitates real-time access to intelligent reporting. The technology behind this can be found in the Core Data Services of SAP ABAP, which allows one to create virtual data models for representing operational data.
In addition, the forward-looking tools offered by the solution provide one with easy access to different applications of the SAP Fiori solution. This includes reporting client, query browser, embedded business intelligence, query builder, SAP business objects cloud and enterprises, and even SAP lumira. You can use that to drive strategic business intelligence that functions as the building block for embedded analytics.
Conventionally, you would have to use separate systems to meet the analytical and transactional requirements of the organization. However, this is no longer a hassle with the SAP S/4 HANA Cloud Embedded Analytics, as you can manage both transactional and analytical requirements from a single interface.
Different Tool Sets in the SAP S/4 HANA Cloud Embedded Analytics
SAP S/4 HANA Cloud solution provides its users with two different toolsets for deploying the analytics into the ERP solution. Collectively these toolsets are what define the analytical capabilities of the SAP S/4 HANA Cloud Embedded Analytics. The toolsets are further divided into two different components that include:
Part – 1: Data Acquisition
One needs to use the CDS views to acquire data for the embedded analytics. The CDS views are nothing but code blocks that feature different fields from the database. The accuracy of these fields depends on the way you build your views.
The syntax of CDS views is entirely different from ABAP programs as they are only used to expose data from the database. Therefore, one cannot use them to disclose data from the database or even get data into the database. Instead, you can find the CDS views in the data dictionary and manage the same using the standardized transport systems.
This ensures they ideally fit into the existing paradigms to manage different changes in your SAP systems. Further, you can access many standard views that expose different data sets. You can also use them to make modifications and ensure they meet your organization’s unique requirements.
Part – 2: Data Visualization
After you have access to all the data you need, you can present them to others in many different ways. This is important as it helps enhance the chances of users better understanding the story behind every dataset.
Every SAP S/4 HANA Cloud solution is equipped with an associated Fiori deployment and the default way of viewing data from the CDS views through the analytical tiles of Fiori. Besides that, there are other alternatives such as the SAP Analytics Cloud and the BOBJ analysis tools such as Analysis for Office, Webi, and Lumira.
Why Should You Be Using the SAP S/4 HANA Cloud Embedded Analytics?
The level of competition in the modern business landscape is increasing by the day. These desperate times call for effective measures to help a business survive in this highly competitive environment. This is where the SAP S/4 HANA Cloud Embedded Analytics comes into play, giving businesses a much-needed competitive edge.
These advanced and insightful analytics focus on enhancing customer relationshi[ps and experiences. This is because embedded analytics help organizations determine potential opportunities for growth and expansion. This helps them enhance sales figures and strengthen their existing customer base with minimal hassle.
This makes embedded analytics very different from standalone solutions as they somehow gain more prominence for benefiting the business in a better way. For example, as employees gain access to real-time data, it helps them make better and faster decisions. Better decision-making always positively impacts the business as it helps reduce operational costs and make the most of all opportunities.
In addition, embedded analytics is the ideal tool one needs to deliver much-enhanced customer satisfaction. This is made possible by delivering an interactive and customer-centric user experience that positively reflects the business’s revenue generation. Further, SAP S/4 HANA Cloud embedded analytics can also help you determine to upsell opportunities and accelerate cross-sell.
Numbers suggest this results in a more or less 12% increase in upselling and cross-sell yearly. The incorporation of embedded analytics has also resulted in a three-fold increase in the average deal size of leaders of the organization. The customer renewal rates also increase by three times for organizations using the advanced capabilities of the SAP S/4 HANA Cloud embedded analytics.
As you can see, SAP S/4 HANA Cloud Embedded Analytics is the ideal addition you need to your organization. The nuanced competencies of this platform are ideally designed to help you drive a much more sustainable business in the 21st century. Therefore, make sure to get in touch with experts from SAP consulting services and transform your business for good.