SAP Analytics Cloud vs ThoughtSpot comparison

SAP Analytics Cloud is an all-in-one Software-as-a-Service business intelligence tool that provides the key functionalities of an analytics tool to SAP business users. This tool is built on HANA Business Intelligence (BI) platform, providing analytics from data collected from multiple sources, such as ERP, Microsoft SQL, and Salesforce, among other solutions.

You can use SAP Analytics Cloud to compile data and perform ad-hoc reporting and analysis for predictive planning. SAP Analytics Cloud collects and analyzes the raw data from transactional systems into intelligent insights that allow you to make better decisions.

SAP Analytics Cloud uses machine learning to clean up data, identify errors, and issues, and suggest optimization or filtering options. You can use the modeling feature in Analytics Cloud to create hierarchies and get deeper data insights.

The three core functions of SAP Analytics Cloud consist of Planning, Predictive Analysis, and Business Intelligence as a holistic SaaS solution that offers real-time analysis to business leaders.

SAP Analytics Cloud Capabilities

• Data discovery
• Machine learning
• Integrated financial and business planning
• Predictive analysis
• Automated data cleansing
• Custom widgets
• Mobile extension
• Role-based customization
• Data exploration and visualization

SAP Analytics Cloud Key Features

• Augmented analytics: SAP Analytics Cloud allows organizations to make the most of AI (Artificial Intelligence)-powered analytics through augmented analytics. It includes a Search to Insight feature that enables users not skilled or experienced in data science to access and use the platform.
  
  These smart insight tools allow organizations to visualize business data without manual intervention. By combining multiple machine learning algorithms, SAP Analytics Cloud automates predictive analysis so that organizations can have significant insight into secured data.
  

• Enterprise planning: As SAP Analytics Cloud is an all-in-one financial planning and analysis solution, organizations can use it to align strategies across all departments. It allows end-to-end, data-driven planning decisions via financial modeling, allocations, smart insights, and automated reporting.
  
  The Zero-based budgeting feature allows for an effective resources allocation with built-in collaboration tools. The finance team can collaborate easily, create budget templates and make accurate decisions.

SAP Analytics Cloud Benefits

• Real-time cloud insights: SAP Analytics Cloud makes it easy for users at every level to generate instant insights and improve data-driven decision-making. With SAP Analytics Cloud, you can have immediate and central access to all figures, diagrams, insights, and evaluations for every employee on every device and updated in real time.
  
  
• Customizable dashboard: You can customize your dashboard according to your requirements. This customization means you can easily access all the relevant data on a single pane of vision tailored to your business.
  
  
• Collaborative planning: As an all-in-one platform, SAP Analytics Cloud integrates the multiple aspects of a business into a single solution, including finance, HR, sales, and supply chain management.
  
  
• Data on any device: You can integrate SAP Analytics Cloud with SAP S/4 HANA and deploy insights to Android and iOS devices. The SAP S/4 HANA integration also enables the rolling out of changes to multiple files and devices from a central location, so you can carry your business operations on the go over a secured cloud network.
  
  
• In-memory technology: Since it is based on SAP HANA in-memory technology, SAP Analytics Cloud can process massive amounts of data in a short time.

Reviews from Real Users

Segun O., SAP HANA Developer at SOA PEOPLE, says that "The most valuable features are on the application side, where you can design applications into your analytics on the platform."

The Head of Finance Enterprise Application at a computer software company adds that "The visualization feature is the most valuable. SAP Analytics Cloud is also very easy to use."

"Its many features make it the best in the market," sums up a Consultor SAP Business Object, Sap Analytics Cloud at a tech services company.

ThoughtSpot is a powerful business intelligence tool that allows easy searching and drilling into data. Its ad hoc exploration and query-based search features are highly valued, and it is easy to set up, stable, and scalable. 

The solution is used for reporting purposes, self-service BI, and embedding into other applications for customers to do self-service analytics. It helps businesses with metrics, KPIs, and important insights by sourcing data from various sources into one golden source and visualizing it in an easy way for the business to consume. The pricing model is ideal, charging for data rather than the number of users.