Evaluating a large population or data is not simple to do manually. Since it is too much paperwork to check, it is inevitable to lose track from time to time. For this reason, professionals developed statistical analysis software to help you review and calculate every aspect of your business conveniently and precisely. Let us show you various statistical analysis software you can choose from that is best for your business process management.
12+ Statistical Analysis Software
1. SPSS Statistics
6. SAS Base
8. Minitab 18
10. KNIME Analytics Platform
11. TIMi Suite
13. GraphPad Prism
What is Statistical Analysis Software?
Statistical analysis software is a tool developed by various companies with numerous features to calculate and evaluate large proportions of data. It shows a dashboard illustrating the science-based insights of your business within a timeline. Statistical analysis software usually uses waves, graphs, or other intelligent visualization. Either a small business or large corporation uses statistical analysis software, as it provides answers to every question of your business statistics. It guides you to review and improve decision-making for your business. Such a tool plays a critical role in the professional field as its guides in developing and growing your businesses by providing accurate data analysis. Continue reading below to gain more information about statistical analysis software.
Including statistical analysis software in your management bring numerous benefits and advantages. You can check and review data of your business production by checking your statistical analysis software. There you will see and understand the flow of your statistics and management, leading you to increase flexibility and greater validity and verifiability of qualitative research.
As you probably know, there are several feature-rich statistical analysis software that can help you with all aspects of your business. For this reason, it is advisable to research and test it to see which software has features that are more focused on your type of business to find out which software is best for your business. Let us help you choose and evaluate what is good for you. Below are few examples of features you shall consider in your research.
- Collaboration tools
- Predictive analysis
- Machine learning
- Code development
- Code editing
- File storage
- Data discovery
- Data mapping
- Time series
- Statistical process control
- Predictive modeling
- Fraud detection
Top 10 Statistical Analysis Software
With annual revenue of up to $74.4 billion per year and 350,600 employees under their management, IBM developed SPSS statistic software with predictive analysis, data visualization, collaboration tools features to help fellow business analysts to achieve accurate data analysis.
With annual revenue of $2147.5 million and 2402 employees under their wings, SAS institution developed State of the art statistical analysis software to guide fellow businesspeople in making sound decisions.
3. Minitab 18
With an earning of up to $54.5 million a year with 376 employees under their wings, Minitab provides statistical analysis software with intelligent features including AI/machine learning, high volume processing, data analysis tools, and more to assist you.
With features such as forecasting, file storage, data discovery, customizable business dashboard, query builder, and more, JMP statistical discovery from SAS generates $45.8 million annual revenue while managing 316 employees.
RStudio aims to build effective data science teams with its software containing code development, code editing, debugging, graphical user interface features, and more, generating an annual revenue of $31.2 million per year and 215 team members.
With annual revenue of $25-100 million and approximately 100-250 employees. NQuery provides innovative features to help you reduce risk and cost in clinical trials, acquire powerful sample options, intuitive sample size, and detection power calculation.
7. KNIME Analytics Platform
KNIME Analytics Platform provided by KNIME is software with Ad hoc reporting, predictive analytics, visual analytics, data blending features, and more. With annual revenue of $18.3 million and 126 employees.
Stata software is distributed by more than 180 countries, providing data mapping, multivariate analysis, time series, survival analysis features, and more. Stata has annual revenue of $14.1 million and 97 employees under them.
With statistical process control, statistical simulation, and more features. OriginLab developed OriginPro software to guide you through growth. With annual revenue of $5.2 million and 36 employees under their management.
10. GraphPad Prism
GraphPad brings Prism statistical analysis software in the table with statistical process control, statistical simulation, and survival analysis features to assist you with your data assessment. With annual revenue of $2.2 million and 15 employees.
Why do you use the software in statistical analysis?
As we all know, manually generating statistics is a lot of work. You need to review piles of paperwork and write down records and evaluate and assess. It is undeniably too much work. Due to that, professionals developed software to allow easy data analysis and avoid time-consuming methods. With statistical analysis software, you work with lesser stress.
What is the best software for statistical analysis?
The best statistical analysis software is up to the user. Statistical analysis software users experience different functions, therefore, have different opinions on which software is best for their business. However, although it has distinct characteristics and qualifications, it aims at the same goal; to guide you through success. Thus, better try them and see for yourself.
- IBM – SPSS
What is the most popular statistical analysis software?
SPSS has a mention percentage of 40.48% and higher than others. SPSS is mostly mentioned because it has user-friendly and easy-to-use features. Suitable not only for professionals but also for students who need statistical analysis for their projects and research. It has impressive flexibility where it offers features that can answer statistical questions from various professionals and academics.
Statistical analysis is never simple to break down. Either for academic or business use, you will need a tool that lessens your burden. Statistical analysis software exists solely to attend to these particular needs. With such a tool, you are provided with diagrams and data visualization leading you to study and evaluate conveniently and accurately. With this method, you can ensure good results and planning.
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