Amazon Forecast vs. IBM SPSS Modeler

Amazon Forecast is well suited when you are a company that's looking for a simple and effective solution in terms of understanding and predicting your resources planning in the AWS. However, it's also good to know that the cost that is incurred is higher and not suited for anything other than the AWS solutions integrations.

Incentivized

Fast NLP analytics are very easy in SPSS Modeler because there is a built-in interface for classifying concepts and themes and several pre-built models to match the incoming text source. The visualizations all match and help present NLP information without substantial coding, typically required for word clouds and such. SPSS Modeler is good at attaining results faster in general, and the visual nature of the code makes a good tool to have in the data science team's repository. For younger data scientists, and those just interested, it is a good tool to allow for exploring data science techniques.

Incentivized

• Built-in datasets
• Accuracy
• Machine learning

Incentivized

• Combine text and data
• Provide facilities for all phases of the data mining process.
• Use a node and stream paradigm to easily and quickly create models.

Incentivized

• Not easy for beginners as it requires insights to set the forecast
• Much more expensive if considered for small businesses

Incentivized

• Has very old style graphs, with lots of limitations.
• Some advanced statistical functions cannot be done through the menu.
• The data connectivity is not that extensive.
• It's an expensive tool.

Incentivized

The ability to do predictive modeling, text analytics for both structured & unstructured data, decision management, optimization, and support for various data sources

Incentivized

The online support board is helpful and the free add ons are incredibly appreciated.

Incentivized

Cost-effective and user-friendly.

Incentivized

When it comes to investigation and descriptive we have found SPSS Statistics to be the tool of choice, but when it comes to projects with large and several datasets SPSS Modeler has been picked from our customers.

Incentivized

• Helped in planning the resources required.
• ML and AI delivered near perfect forecasts.
• Features and the details available for the cost is not enough.

Incentivized

• Positive - Ease of decision making and reduction in product life cycle time.
• Positive - Gives entirely new perspective with the help of right team. Helps expanding the portfolio.
• Negative - Needs to have good understanding about mathematical modelling, of which talent is rare and expensive. Hence, increase the costs for R&D and manpower.

Incentivized