What type of analysis does SAP Analytics Cloud support for better strategic decision making?

SAP Analytics Cloud is designed to support a wide range of analytical capabilities that assist organizations in making informed strategic decisions. The platform offers descriptive analysis, which helps users understand what has happened in the past by summarizing historical data, spotting trends, and identifying patterns. This foundational analysis provides insights into the company's performance over time.

Additionally, it supports predictive analysis, which uses statistical algorithms and machine learning techniques to forecast future outcomes based on historical data. This capability empowers decision-makers to anticipate trends and make proactive choices, thus enhancing strategic planning.

Moreover, competitive analysis can be conducted using SAP Analytics Cloud, allowing organizations to evaluate their performance against competitors and industry benchmarks. This form of analysis helps businesses identify their strengths and weaknesses relative to others in the market, contributing to a comprehensive understanding of their strategic position.

Since SAP Analytics Cloud encompasses all of these types of analysis, the correct answer indicates its versatility in providing valuable insights that enable better strategic decision-making across various dimensions of an organization’s performance and market standing.