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Predictive Analytics Software
Best Predictive Analytics Software
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Predictive Analytics Software
What is Predictive Analytics Software?
Predictive Analytics are used to analyze current data and historical facts in order to better understand customers, products, and partners. It is also used to identify potential risks and opportunities. Predictive analytics platforms tend to be very complex products and require advanced skill sets in order to use them effectively.
In the hands of skilled data analysts and data scientists, predictive analytics can be an extremely powerful tool. It can, for example, calculate customer lifetime value for a given customer; estimate sales projections for the next quarter, or predict what product an online shopper is likely to purchase next.
The Importance of Good Data
The basis for good predictive outcomes is good data. For example, to make predictions about what customers are likely to buy in the future, it's essential to have detailed data on what they have bought in the past, attributes of purchased products, etc.
Provided there is adequate high-quality data, predictive models are created using techniques like regression testing, decision trees or other methodologies to measure degree of correlation between variables to help predict future behavior.
Predictive Analytics vs. Business Intelligence
Predictive Analytics tools are strongly related to Business Intelligence, and they are sometimes considered as part of the BI universe. The distinction between BI and predictive analytics is that BI is usually considered descriptive, i.e. looking at what happened in the past. Predictive analytics is about finding hidden patterns in data using complex mathematical models to predict future outcomes.
The emergence of big data platforms like Hadoop and very fast in-memory analytics products has resulted in some blurring of the lines between big data and predictive analytics.
A couple of well-known incumbent products own the lion’s share of the market and these tools tend to be much more expensive than newer upstart products with much smaller market share. One of the leading products in the category costs over $5,000 per user. Newer, less well-known products typically cost a fraction of the cost of the market leaders.
The free, open-source R programming language has more than 3,000 community-developed analytical applications, but can be challenging to use since it is code-based and does not have a drag-and-drop visual workspace.
Predictive Analytics Products
Listings (26-47 of 47)
Microsoft Cortana Intelligence Suite is a predictive analytics platform using the R programming language.
IBM is a global technology and innovation company headquartered in Armonk, NY. It is one of the largest technology and consulting employers in the world, with approximately 427,000 employees serving clients in 170 countries. IBM offers a wide range of technology and consulting services; a broad ...
Predixion was founded on the belief that predictive analytics has the power to create a smarter, safer and healthier world – and that access to this power should not be limited to a select few with extensive statistical knowledge. To achieve this vision, Predixion developed a self-service predict...
Alpine Data Labs in San Francisco, California offers TouchPoints, their latest predictive analytics platform.
Angoss Software in Toronto offers KnowledgeSTUDIO, billed as an easy to use data mining and predictive analytics platform. Angoss Software was acquired by Datawatch Corporation in January 2018, Angoss products are now supported by Datawatch.
Our patent-pending AIOps solution predicts and solves IT incidents in enterprises undergoing a digital transformation or cloud migration. Loom Systems is the only AIOps solution to predict IT issues before they impact customers, and enrich alerts with insights and resolutions in plain English. Th...
Uptake provides a predictive analytics platform for industrial optimization, with solutions for condition monitoring, planning and forecasting, fuel and energy, supply chain management, and operation performance management. The company is based in Chicago, IL, and was founded in...
Opera Solutions (http://www.operasolutions.com, @OperaSolutions) combines advanced science, technology, and domain knowledge to extract predictive intelligence from Big Data and turn it into insights and recommended actions that help people make smarter decisions, work more productively, serve th...
Analytica is a data modeling and decision analytics platform from Lumina Decision Systems headquartered in Los Gatos, California.
The FICO Model Builder is a predictive analytics and modeling tool, from FICO.
nGUVU provides gamification and machine learning solutions for call centers. The vendor’s stated mission is to create a better everyday work experience for contact center agents. Additionally, the vendor says they gamify their responsibilities, empowering and motivating them to self-manage and im...
Solidware Co., Ltd. provides machine learning data analysis software for financial companies. The company was founded in 2014 and is based in Seoul, Korea.
Dataiku is a French startup and its product, DSS, is a challenger to market incumbents and features some visual tools to assist in building workflows.
Salford Predictive Modeler is a predictive analytics and data mining platform. The company was acquired by Minitab in March 2017.
Afiniti provides call center performance optimization software that uses artificial intelligence to analyze psychographic and demographic information in order to predict the best pairing of customer and call center agent (versus a queue management/routing strategy based on wait time). The company...
MapD is an open-source database and visualization platform leveraging the parallel processing power of GPUs (rather than CPUs) to process very large volumes of data in milliseconds.
WizSoft is a predictive analytics tool based on an "if-then" algorithm allowing users to uncover relationships between data that were initially hidden.
Designed to deploy predictive modelsOne tool for data processing, analysis and modeling! The user-friendly workflow interface helps you explore all your data & more. Supports all analytical tasks: Extracting and saving data from/to different database systems, files, and data transform...
Price2Spy is an online price monitoring, price comparison and repricing tool developed by WEBCentric d.o.o. (a software development company), for eCommerce professionals. The tool launched back in 2011 and, according to the vendor, is currently used by more than 600 companies of all sizes, worldw...
Pi Dashboard Pi is the vendor's easy-to-use business intelligence dashboard. Interactive dashboards offer a single reporting tool which can show data from multiple sources, enabling any user to visualize and interact with their data in real time, anywhere, on any device. Pi Analytics The vendor s...
Shiny from RStudio is an open-source R package that make it easy for users to build web apps directly from within R. Users can host Shiny apps behind the firewall with RStudio Connect or Shiny Server Pro.