Pecan is an automated AI-based predictive analytics platform that simplifies and speeds the process of building and deploying predictive models in various customer-related and operational use-cases, such as LTV, churn, NBO, risk, and segmentation. Pecan does not require any data preparation, engineering, or prepossessing - it connects directly toraw data, and uses neural networks to automate the entire predictive process. With Pecan, organizations can obtain and deploy AI models in days, without…
$950
per month
SAP Predictive Analytics
Score 9.0 out of 10
N/A
SAP Predictive Analytics is, as the name would suggest, a statistical analysis and data mining platform that can be deployed with SAP HANA.
Pecan is something that few know and that I feel can represent a great utility for an entire company, to focus and prioritize all its products and services in favor of the right path, avoiding making mistakes and jumping directly to the solution of future problems before they happen. Pecan will allow you to always be one step ahead and improve your trading system quickly.
When you don't have much data science skills or when you need to build something quick, you can get started really fast with SAP Predictive Analytics. There are scenarios, like the ones covered by a neural network, where SAP Predictive Analytics is not well suited, but the big question is usually: "do you really need a neural network to address this use case?"
One of the main important characteristics is its ease of use and the intuitive nature of the platform. It is possible to carry out analyzes quickly and efficiently without requiring user experience. This positive point really gives us what we need for our work: optimization and automation.
The creation of reports and statistics allows us to fully visualize the analysis carried out, in order to develop our work and carry out the pertinent actions.
Segmentation allows us to prioritize potential customers, more focused marketing campaigns, highlight our services with what our public is really interested in.
Ability to use built-in algorithms or expand using R. This means that (with training) casual users can take advantage but also data analysts can do their thing!
Integration and consistency with Lumira. Even Lumira on its own has a quick 'predict' functionality (although limited/black box)
Ability to do the analysis and then present visually using the Lumira visualization capabilities
The documentation provides an explanation about what features are available but not necessarily what's happening behind the scenes. On the other side, the "community" has grown since the acquisition and most questions are properly addressed by SAP folks. Since the "product maintenance" mode announcement was made, there wasn't much new content published except on the Smart Predict side (which is built by the SAP Predictive Analytics team)
I particularly believe that CrossEngage has some features that Pecan does not offer, such as A/B Testing, however, we were looking for a good predictor and analyst and the truth is that Pecan does its job very well.
We have typically used Spotfire for data analysis but decided to move to SAP Business Objects due to its innate connection with SAP. I found Lumira to be good for visualizations but it is not meant for data analysis. Therefore, we have introduced Predictive Analytics to see if it can fill that gap. So far, it's been far less intuitive than Spotfire to get started, and as far as I am aware so far, it does not bring many additional capabilities. I do, however, like that it utilizes the Lumira look/feel and integrates very well.