Chapter 4. Gaining Business Insight
In This Chapter
Anticipating what enterprise analytics could do for your business
Looking at the challenges for efficient use of analytics today
Understanding the benefit of analytics embedded in business processes
Exploring the power of actionable analytics
Outtasking the creation of analytics to users
Using analytics to stay in compliance with regulations
The buzzword analytics is a popular one in most corporate hallways today. What exactly are analytics? They are reports, graphs, charts, tables ... in short, any summary or analysis of data that you hope will help you to figure out what you're doing right and what you're doing wrong.
Too often, the data that analytical tools use is off in some database that you may or may not have access to. If you do have access, you have to leave the work you're doing, log in to some special database, and generate a report. If you don't have access, you might get analytics delivered to your desk in the form of a monthly paper report. Too often, that report arrives today when you needed it last Thursday, when you could have made a strategic shift in your supply chain that could have prevented a manufacturing disaster.
In this chapter, you find out about the many ways that mySAP ERP can deliver analytics right within the context of your business processes. With mySAP ERP, you get information when you need it in a form that is relevant to your work, and you can act on it right away.