If you’re looking for the best Predictive Analytics Software, you’ve come to the right place.
Predictive analytics software is a type of artificial intelligence that uses statistical models and machine learning algorithms to analyze data, identify patterns, and make predictions about the future. It can be used to forecast outcomes in many different fields such as finance, healthcare, marketing, logistics, retail sales, and more.
With predictive analytics software businesses can :
- Gain insights into customer preferences and trends
- Optimize pricing strategies
- Increase the efficiency of production processes
- Predict risks associated with certain decisions or activities
- Develop accurate forecasting for budgeting purposes
- Detect frauds quicker than before
- Measure performance against objectives to inform strategic planning efforts.
We’ve compiled a list of the top options on the market, so you can find the perfect one for your needs.
Here are our top picks for Predictive Analytics Software
1. Qlik Sense
Qlik Sense is a top-of-the-line predictive analytics software that enables users to make informed decisions and take immediate action.
It provides powerful augmented analytics for all business needs, from creating visualizations, dashboards, natural language analysis, custom/embedded analytics reports, and alerting tools.
Qlik Sense’s proprietary associative technology leverages AI to uncover valuable insights that might be overlooked by traditional query-based tools.
With superfast response times, this tool helps its users transition from passive to active data analysis in real-time mode while allowing robust data integration across multiple platforms with SaaS and hybrid multi-cloud capabilities.
The SAP Analytics Cloud solution is an invaluable tool for businesses that need to integrate analytics and planning.
It integrates with SAP applications and has easy access to heterogeneous data sources, making it the perfect choice for businesses looking to make informed decisions.
SAP Analytics Cloud is part of the Business Technology Platform from SAP and provides a secure environment for insights-driven decision-making across the entire enterprise.
This makes it easier than ever before for organizations to trust their data, plan processes more efficiently, and make decisions without any doubt as to their accuracy.
Alteryx is a comprehensive data analytics platform designed to assist users in transforming large, complex datasets into actionable insights.
It incorporates an easy-to-use drag-and-drop interface that requires no coding knowledge or expertise.
This makes it possible for business owners to rapidly upskill their employees and leverage the power of predictive analytics to achieve better business outcomes.
Alteryx enables users to create powerful models quickly and easily by incorporating AI algorithms, advanced statistical methods, and prebuilt analytical applets into the platform.
Furthermore, its intuitive user interface simplifies even the most sophisticated tasks so that anyone can use it without any prior technical training or experience.
The platform also provides real-time visualization tools which allow users to get instant feedback on their analysis results while creating dynamic dashboards with interactive visuals for sharing insights across teams and departments within an organization.
IBM Watson Studio on IBM Cloud Pak for Data is a data science and machine learning solution that accelerates digital transformation.
It simplifies experiments and deployment and speeds up data exploration, preparation, and model development/training.
AutoAI automates tasks such as data prep, feature engineering & hyperparameter optimization. Text Analytics uncover insights from unstructured data; drag-and-drop visual model building with SPSS Modeler; broad data access & sophisticated graphics engine are other features.
RapidMiner is an enterprise-ready data science platform that helps users accelerate the pace of transformation.
The platform offers support for all analytics users across the full artificial intelligence (AI) lifecycle, and provides access to RapidMiner Academy and Center of Excellence methodology which helps customers succeed even if they have limited experience or resources.
As a result of its success, RapidMiner has been designated a leader in predictive analytics software solutions by many independent industry bodies.
Board is a predictive analytics software that helps companies unify strategy, finance, and operations.
It has been used by global enterprises like H&M, BASF, and Burberry for end-to-end planning applications.
Board has been recognized by Gartner, Nucleus, and Dresner for its ability to provide smarter planning at a lower cost than traditional solutions.
Minitab Statistical Software provides an immense variety of options, such as visualizations, statistical analysis, and predictive analytics.
This is designed to help people from all backgrounds and locations make data-driven decisions with ease.
Companies use Minitab’s powerful suite of data analysis and process improvement tools to quickly identify trends in their data and uncover valuable insights that can lead to improved business performance.
With its user-friendly interface, it makes analyzing large datasets simpler than ever before. All these features combined make Minitab a great choice for businesses looking to gain the most from their data.
SAS Advanced Analytics software is a powerful tool used to solve complex problems and make sound decisions.
It incorporates advanced algorithms that can help you quickly find data-driven solutions and uncover opportunities not easily visible without the use of predictive analytics.
This software uses cutting-edge technology to provide insights that would otherwise be lost in traditional methods, allowing you to make informed decisions with confidence.
With its intuitive user interface, SAS Advanced Analytics makes it easy for data scientists and business analysts alike to explore their data, create models, visualize results, and share those findings with stakeholders across the organization.
Powerful yet accessible, this software is perfect for businesses looking for an effective way to leverage their data and gain valuable insights into their operations.
JMP is a comprehensive data analysis software solution for Mac and Windows users.
It offers an intuitive drag-and-drop interface, dynamically linked graphs, advanced analytics libraries, and the ability to share findings with others.
All of these features make it easy to import and process data quickly while being able to dig deeper into the results with greater efficiency.
The software was developed in the 1980s by its founder John Sall as a way of capitalizing on the advantage that graphical user interfaces had over traditional command-line computing.
JMP remains at the forefront of predictive analytics technology through its dedication to adding new statistical methods and special analysis techniques from various industries with each release upgrade.
10. IBM SPSS Modeler
The IBM SPSS Modeler provides users with a powerful visual data science and machine learning solution.
It enables organizations to access the value of their data assets quickly, while still ensuring they have robust governance and security protocols in place.
The software is designed to help companies monetize their data assets through predictive analytics and machine learning capabilities, as well as model management and deployment features.
IBM SPSS Modeler makes it easy for enterprises to take advantage of open source-based innovation such as R or Python programming languages, empowering both programmatic and visual data scientists alike.
Furthermore, its multi-cloud approach allows users to work on-premise or public/private clouds enabling them to start small and then scale up when needed.
With this flexibility comes complete out-of-the-box algorithms and models that are suited for hybrid multi-cloud environments giving businesses full control over how they want their projects managed.