12/30/2014

5 Predictive Analytics Tools for Enterprises

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5 Predictive Analytics Tools

for Enterprises

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ItisamazingtonotehowPredictiveAnalyticsis
influencingeveryfieldbeithealthcareor
marketing.Inourrecentblogpostweunveiled
ThebigsecretbehindNarendraModiswinin
elections2014Analyticsactedasacatalystto
NarendraModiswin.Thistechniqueoffiltering
usersonlineinteractionsinordertodelivermore
informationfromalargepoolofirrelevantdatahas
becomepredominant.ImplementationofPredictive
Analyticswasseenonalargescalein2012US
electionsinObamaCampaign.Itwasalsoin
2012thatAmazonhadfiledapatentforasystem
thatwouldenablethemtousethistechniquein
preparingandshippingitemlongbeforetheir
customershaveclickedonthebuybutton.
Amazonusedthistechniquetopaceuptheir
deliveryinthemostadvancedwaymakingitoneof
thefastedonlineretailer.
Editorsnote:Venturesityisorganizinga2days
AnalyticsBootcampthemedaroundPredictive
Analytics.In16hours,youwillgettoknowwhatyour
customerswantandhowtoretainthem.Acquirenew
customersandpredictmarketingstrategiesbasedon
theirbehaviour.Registerforthebootcampandgeta
handsontrainingonCustomerEngagement
PredictiveModeling.

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12/30/2014

5 Predictive Analytics Tools for Enterprises

GrowthHackingisthe
newruleofmarketing
inageofcontext

Tags
Advantages of Hadoop

analytics

android
Inthisblogwewilldiscussfivetoolsenterprises
canuseforpredictiveanalysis.

android app Android

ActianItprovidesacompletebigdataand
analyticsenvironmentforenterpriseanalytics
needs.Actainhasbeenworkingquietlyinthe
backgroundtodevelopandacquiretechnologythat
iscertainlywayaheadofmanybigdataanalytics
offerings.Actianhaseffectivelysolvedthe
plumbingproblemconnectionstodatasources,
processflowsandtheinfrastructurepuzzlethat
currentlyaccompaniesbigdataefforts.Theycallit
BigData2.0.

Android Application

FICOFICOprovidesacompleteanalytics
environment,notonlyformodeldevelopmentand
deployment,butalsoformonitoringand
management.Itgivescustomersaccessto
solutions,frameworksanddesignpatternswhich
encapsulatedecadesofexperience.Italsoallows
organizationstocreatetheirownappsoreven
createaservice.Thiswillundoubtedlybeofgreat
interesttomanylargeorganizationswantingto
avoidtheteethingtroublesassociatedwiththe
adoptionoftheseadvancedtechnologies.FICOs
traditionalcustomerbaseisfoundinbanking,
retail,government,healthcareandinsurance,but
thetechnologyandserviceshavebroad
applicability.
RevolutionAnalyticsRisthemostwidelyused,
andarguablythemostpowerfulanalyticssoftware
ontheplanet.RevolutionAnalyticshasturnedthis
OpenSourcewildchildintosomethingthe
enterprisecanusewithrelevantsupport,training
andenhancedproductivity.Acommunityeditionof
RevolutionRisavailableforfree.Itdoesntcome
withthevisualtoolsbutitisfasterthanopen
http://www.venturesity.com/blog/5-predictive-analytics-tools-for-enterprises

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12/30/2014

5 Predictive Analytics Tools for Enterprises

sourceversion.
ManylargecorporationsuseRevolutionR
Enterpriseitsabedrockoftheiranalytical
activity.ThebiggestadvantagesofRincludes.

Hadoop

ads

YoucanrunRonseveraloperating
systemsandvariedSoftware/Hardware.It
isquiteoftenusedonMicrosoftWindows
(32bitaswellas64bit),Macintosh,
GNU/Linux,UNIXanditsderivativessuch
asMacOSX,Darwin,FreeBSD,Solaris,
etc.Italsorunsonsomeoperating
systemsofMainframes.
Risoneofthemostadvancedstatistical
programminglanguageusedworldwideby
severalstatisticianstomaketheirlives
mucheasierandmuchmoreproductive.
Rprogrammerscanworkonlarge
complexobjects(notlimitedtoasmall
groupofproblems),exchangedatainMS
Excel,ensuretheaccuracyofthecode,
keepatrackofeverycomputationalstep,
preservethehistoryforlaterreference,
workonadvancedstatisticalanalysis,do
intricatevisualizationsandsoon.
SASSASisthefoundationstoneofanalyticsin
manyoftheworldslargecorporations.Whatis
probablyuniquetoSASisthespeedatwhichnew
techniquesareadopted.Singularspectrum
analysisisaglaringomissioninmanyanalytics
packages,butitwasincorporatedintoSAS.It
focusesontheanalyticaltoolspartoftheequation
andothertechnologieswillbeneededforbigdata
deploymentintoproductionsystems.Itprovidesa
numberofsolutionsforfinancialservices
(particularlyfraudandfinancialcrime),customer
analytics,governanceandcompliance,supply
chainintelligence,andmanymore.SAShasthe
advantagesofalonghistory,commonsusageby
biostatisticiansandawiderangeofstatistical
procedures.Itsdatastepisverypowerfulfor
manipulatingdata,butdoeshaveitslimitation.
Outputqualityfromstatproceduresisgood.
TIBCOTIBCOSpotfireprovidesselfservice
predictiveanalyticstoolswithwhichmarketerscan
digdeeperintothedatatheyhavealready
collected.Thishelpsthembecomemoreconfident
intheirbusinessdecisions.Thevendorprovides
companieswithtoolstoanticipateemerging
customertrendsandinformationaboutwhich
preemptiveactionscouldhelpminimizerisk.Sales
teamscanpinpointunderutilizedcustomer
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12/30/2014

5 Predictive Analytics Tools for Enterprises

segments,andtheycancreatecustommessages
andpromotionsbasedondemographics.The
resultofthesepromotionscanthenbeanalyzed
basedonconversionsorresponserates.Spotfire
offersafreetrialandvariablepricing.

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