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Pio Reprint
Pio Reprint
competitive advantage. In the era of big data, companies need high-level computational science and expertise as well as the right technology to facilitate the work. But many businesses today may not have these necessities at their disposal. In a recent survey conducted by Ventana Research,1 results show that 59% of companies cite a lack
Ventana Research, Predictive Analytics: Improving Performance By Making the Future More Visible (2012).
Business executives arent thinking about software when theyre trying to answer complicated questions about out-maneuvering the competition and improving profits. We can help them do this using the right computations and technology. David Ginsberg, Vice President and Global Head of SAPs PIO organization
of resources as the most common barrier to implementing changes in predictive analytics programs. SAP ensures its customers have access to these resources. For example, the Performance and Insight Optimization (PIO) organization at SAP works collaboratively with customers on their most complicated computational data issues, leveraging both deep expertise in computational science and the power of SAP HANAs in-memory technology to solve complex business challenges. The PIO organization is comprised of advanced analytical experts, mathematicians, industry experts, and developers who combine their knowledge with technologies like SAPs analytics applications and SAP HANA to analyze massive amounts of data for business value in specific industries. We minor in technology and major in the science of business, says David Ginsberg, Vice President and Global Head of SAPs PIO organization. Business executives arent thinking about software when theyre trying to answer complicated questions about outmaneuvering the competition and improving profits. We can help them do this using the right computations and technology. Everything
we do starts with data, and today, our work is inextricably tied to SAP HANA. Value can be attained when businesses needs are matched with advanced analytic approaches, which is an art that requires imagination, experience, and rigorous training. The PIO team helps companies maximize data by creating mathematical models and providing actionable business insights for solving the C-levels most complex issues. In fact, the team is building a track record of high-ROI SAP HANA use cases. Lets look at four examples.
SAPs PIO organization has helped address these forecasting challenges by: Linking disparate data systems to feed into SAP HANA and leveraging large data sets for improved data analysis in real time Creating forecasting models based on granular details, with significantly improved accuracy over traditional approaches that capture the daily, quarterly, and annual seasonal variations For one high-tech firm in particular, forecasting accuracy increased by more than 300%. For businesses with revenues in the billions, this level of improvement can dramatically affect cash flow and overall business management. System performance is never sacrificed for this improved forecasting accuracy. On the contrary, these companies experience response times that are 50 times faster when compared to their existing analytics platform, making the capabilities more useful for business executives.
combinations, making it nearly impossible for some agencies to track. Governments have approached this problem in a reactive, ad-hoc manner. If a person committing fraud fills out the necessary tax form correctly, his or her crime cannot be easily detected. Also, with a limited number of analysts looking for cases of fraud, only a small sample of data can be analyzed. By combining the right computational science with SAP HANA, the PIO organization developed a proactive method that allows governments to analyze combinations in under 10 seconds and gain actionable information. Now, fraudulent persons can be identified quickly as the data is analyzed holistically.