SAP Analytics Cloud (the best predictive analytics solution overall)
SAP is a huge multinational software company. It is a German company dating back to the 70s. ERP is their specialty and they have many good data platforms.
SAP Predictive Analytics was their main data analytics platform. Now that software is being phased into SAP’s larger Cloud Analytics platform. This does more BI than SAP Predictive Analytics did. SAP Analytics Cloud runs on AI for improved business planning and forecasting. It works on all devices. This analytics platform can be easily scaled up for companies of any size. Augmented analytics lets you use NLP to gain insight from big data. Machine learning automates workflows to regularly reveal relationships and patterns. Finally, SAP Analytics Cloud is easy enough for everyone to use.
SAP Analytics for Business Intelligence starts at $ 22.00 per user per month.
SAS Advanced Analytics (best business intelligence tool for companies)
SAS is another multinational software company with roots in the 70s. The main focus for SAS is analysis software. It is headquartered in North Carolina.
SAS Advanced Analytics is a complete package of predictive analytics tools. It makes data ming, which simplifies the data. This makes it ready for data modeling. There is statistical analysis. This uses algorithms to analyze the past, present and future. Forecast tools automatically generate models for future probabilities. You get text analysis that analyzes unstructured data. SAS Advanced Analytics lets you run fast simulations. Here you can adjust variables and get new results instantly.
RapidMiner’s
RapidMiner’s origins are in the AI department of the Technical University of Dortmund. It started in 2006. Today there are two products. RapidMiner Go and RapidMiner Studio.
RapidMiner is an end-to-end data analytics platform. It makes use of data modeling and machine learning to give you robust predictive analytics. Everything works on a quick drag and drop interface. You get a library of over 1,500 algorithms to apply to your data. There are templates for monitoring things like customer departure and predictable maintenance. RapidMiner is a great data visualization tool. This makes it easy to interpret future results of business decisions. Automated machine learning gives you statistics on potential gains and other ROI data.
There is a free version of RapidMiner Studio. The professional version is $ 7,500 and Enterprise is $ 15,000, both per user per year. RapidMiner Go starts at $ 10 a month.
IBM SPSS (Good Predictive Analytics Tools for Researchers)
IBM (International Business Machines) is a well-known name in the field of technology. SPSS is its statistical product and service solutions. It was first published in 1968.
IBM SPSS specializes in advanced statistical analysis. There are two modules. SPSS Statistics and SPSS Models. The SPSS Statistics module performs predictive analysis. It combines ad hoc analysis, hypothesis testing and geospatial analysis. This is useful when you want to find specific answers in your data. Then there is a SPSS Modeler. It is more open than SPSS statistics. This transforms predictive analytics into graphic visuals. It makes it easy to detect patterns and anomalies in data. You can also use IBM’s Watson AI tool. This gives you more advanced computer science features used for predictive analytics.
IBM SPSS Statistics start at $ 99 each. user per month. IBM SPSS Models start at $ 499 each. user per month.
TIBCO Spotfire (best free predictive analytics software)
TIBCO is a 20-year-old big data company. They are based in Palo Alto. Spotfire, its data analytics software, was acquired in 2007.
TIBCO Spotfire has many tools for working on large data sets. When it comes to predictive analytics, Spotfire is easy enough for anyone to use. Spotfire has something called one-click predictions. These are pre-programmed ways to classify and cluster data. It also shows relationships and makes forecasts. Spotfire has nice data visualization. It always reads data and updates in real time. It’s easy to build your own apps to work with the platform. Spotfire’s machine learning algorithms gain more in-depth insight.
TIBCO Spotfire has a free version. Premium plans are $ 25, $ 65 or $ 125 per. month.
