The update allows to gather insights from big data in real time
SAP has launched revamped version of its predictive analytics software, the version 1.0.11 of Predictive Analysis software which claimed to help in gathering insights in real time from big data.
The software is claimed to offer a complete data discovery, visualisation and predictive analytics application to extend current analytics capabilities and skillsets.
New version of the software can be combined with SAP Lumira software for model visualisation and business user empowerment and comes with predictive analytics library (PAL) for in-database processing that is claimed to exploit the power and speed of the SAP HANA platform.
The new software includes features to expand predictive model execution to other SAP applications, including SAP Customer Relationship Management and SAP Fraud Management and has extended algorithm set that can run any R-script.
According to the company, the update of the software offers faster execution against large data volumes, new data preparation techniques and functions for streamlined models, richer displays of data and visualisations for improved analysis and better analysis of data with more charting.
Recently, SAP has also launched standard and personal editions of SAP Lumira to further strengthen its business intelligence (BI) portfolio.