Making the best decisions for your business or company can be difficult. Luckily, predictive analytics software can help you make wise choices, boosting your business to high levels of success. In this article, we will discuss what predictive analytics software is, how it can benefit you, and the many features the software offers.
15+ Predictive Analytics Software
1. Qlik Sense
3. IBM SPSS Modeler
4. Tableau Server
7. Information Builders WebFOCUS
8. SAP Predictive Analytics
9. SAP Analytics Cloud
10. IBM Watson Studio
11. TIMi Suite
13. KNIME Analytics Platform
14. Crystal Ball
15. Advanced Analytics
What Is Predictive Analytics Software?
Predictive analytics software is a tool that supports business by providing them with advanced analytics capabilities. The software has a wide range of functions but it is mostly used to make predictions about unknown future events.
Predictive analytics software allows businesses to make better, more informed decisions. Instead of just “trusting your gut” or going by instinct, decision makers can make choices based on actual data and information. This leads to an increase of revenue, productivity, and efficiency.
A few features offered by predictive analytics software include predictive CRM, raw data analytics, predictive modeling software.
Top 10 Products
1. Qlik Sense
Predictive analytics tools, BI tools, and a wide range of useful features, go to Qlik Sense. Qlik Sense has the best free predictive analytics software around! Qlik Sense has a company size of 1,001-5,000 employees and a revenue of $420 million.
Rapid Miner has been providing businesses with retail software, eCommerce software, and predictive software since 2007. For the best predictive analytics software, RapidMiner has got you covered. RapidMiner has a company size of 51-200 employees and an estimated annual revenue of $17 million.
3. Tableau Server
Go to Tableau Server for all your analytics needs because Tableau Server has it all, from predictive data analytics to embedded analytics. Tableau Server also provides CRM software. Founded in 2003 and headquartered in Seattle, Washington, Tableau Server has a company size of 1,001-5,000 and a revenue of $1 billion.
Board has top-of-the-line performance management system software and predictive software–and for free, too! Founded in 1994 and headquartered in Chiasso, Ticino, Board has a company size of 201-500 employees and a revenue of $84 million.
6. Information Builders WebFOCUS
Other predictive analytics software vendors don’t compare to Information Builders WebFOCUS. Information Builders WebFOCUS supplies healthcare software, transportation software, consumer and retail software solutions, and so much more. Information Builders WebFOCUS has a company size of 501-1,000 employees and a revenue of $341 million.
7. SAP Analytics Cloud
Advanced and predictive analytics software are just two of the many specialties of SAP Analytics Cloud. You can fully trust that SAP will give you everything you need and more! SAP Analytics Cloud is a product of SAP, a company that has 10,000+ employees and a revenue of $30 billion.
8. IBM Watson Studio
IBM Watson Studio will supply you with cloud server software, cyber security tools, other industry solutions, and so much more. IBM Watson Studio is a product of IBM, a company with 10,000+ employees and a revenue of $73 billion.
9. TIMi Suite
Do better. Accomplish more. Use TIMi. TIMi Suite has a company size of 51-200 employees and a revenue of less than $5 million.
Make valuable discoveries with statistical, data analysis, and predictive marketing software from Minitab. Minitab has a company size of 201-500 employees and an estimated annual revenue of $43.9 million.
How can I find the best predictive analytics software?
In order to find the best predictive analytics software, you must first figure out the non-negotiable tools and features you are looking for. Afterwards, do your research on software vendors to find one that has what you need. You can also find the best predictive analytics software by giving demos and trials a whirl.
How much does predictive analytics software cost?
The cost of predictive analytics software varies a great deal. Some software providers, such as Qlik Sense, Board, SAP Analytics Cloud, Minitab, and Alteryx, provide free predictive analytics software. Some software has yearly subscriptions that go for as much as $14,500 per year. Other software has monthly subscriptions that range from $70 to $499 per month. There is also predictive analytics software that is custom priced, depending on the various tools and features that are acquired.
Are there any downsides to predictive analytics software?
One of the biggest downsides to some predictive analytics software is the fact that not all software has the features or tools you may be looking for. Some software also may be too expensive. Luckily, these downsides can be avoided by doing proper research on each predictive analytics software vendor.
Predictive analytics software will forever change the way you manage your company. You can make better decisions and boost your business with predictive analytics software, so start making use of it today.
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