Home topics news Credit: Mike Cho News News SAS to invest $1 billion in advanced analytics solutions for SMEs Yajush Gupta May 26, 2023 SAS has announced a $1 billion investment over the next three years to develop advanced analytics solutions tailored to the unique needs of various industries. The company will leverage its decades-long industry expertise to address banking, government, insurance, healthcare, retail, manufacturing, and energy challenges. All industry solutions will be built on SAS Viya, a cloud-native, massively parallel AI and analytics platform. SAS aims to democratise data analytics by empowering people with diverse skill sets and job roles to participate in the analytics process. The investment will enable low- or no-code options for individuals at all skill levels to access the power of advanced analytics through solutions running on SAS Viya. This move aligns with the trend of making analytics more accessible and beneficial to organisations and society as a whole. Enabling industry-specific solutions The $1 billion investment encompasses direct research and development, dedicated industry-focused teams, and marketing efforts. SAS already offers a range of industry-specific solutions, which will be further refined and expanded through the investment. Here are a few examples: Navigating Volatility and Enhancing Customer Experience in Financial Services: SAS acquired Kamakura Corp., a renowned financial risk firm, to bolster its suite of integrated risk solutions. SAS Asset and Liability Management (ALM) on SAS Viya helps banks predict and mitigate liquidity and balance sheet risks, improving customer experience. Protecting Taxpayer Dollars: SAS Tax Compliance applies