SAP Big Data Predictive Analytics : An Overview

SAP Big Data Predictive Analytics : An Overview

Big data analytics is the process of examining large data sets to uncover hidden patterns, unknown correlations, market trends, customer preferences and other useful business information. The analytical findings can lead to more effective marketing, new revenue opportunities, better customer service, improved operational efficiency, competitive advantages over rival organizations and other business benefits.

The primary goal of big data analytics is to help companies make more informed business decisions by enabling data scientists predictive modelers and other analytics professionals to analyze large volumes of transaction data, as well as other forms of data that may be untapped by conventional business intelligence programs. That could include Web server logs and Internet stream data, social media content and social network activity reports, text from customer emails and survey responses, mobile-phone call detail records and machine data captured by sensors connected to the Internet of things.

Big data can be analyzed with the software tools commonly used as part of advanced analytics disciplines such as predictive analytics, Data mining, Text analytics and Statistical Analysis. 

Potential pitfalls that can trip up organizations on big data analytics initiatives include a lack of internal analytics skills and the high cost of hiring experienced analytics professionals. The amount of information that's typically involved, and its variety, can also cause data management headaches, including data quality and consistency issues. In addition, integrating Hadoop systems and data warehouses can be a challenge, although various vendors now offer software connectors between Hadoop and relational databases, as well as other data integration tools with big data capabilities.

SAP has whole range of solution for taking care of entire analytics scope.

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What you will learn

• Understand Big Data solutions what SAP is offering
• Understand what is Big Data
• Applications of Big Data in day to day life and Business circles

Rating: 4.27273

Level: All Levels

Duration: 2 hours

Instructor: Global Learning Labs .