Predictive Analytics - Tools

Tools

Historically, using predictive analytics tools—as well as understanding the results they delivered—required advanced skills. However, modern predictive analytics tools are no longer restricted to IT specialists. As more organizations adopt predictive analytics into decision-making processes and integrate it into their operations, they’re creating a shift in the market toward business users as the primary consumers of the information. Business users want tools they can use on their own. Vendors are responding by creating new software that removes the mathematical complexity, provides user-friendly graphic interfaces and/or builds in short cuts that can, for example, recognize the kind of data available and suggest an appropriate predictive model. Predictive analytics tools have become sophisticated enough to adequately present and dissect data problems, so that any data-savvy information worker can utilize them to analyze data and retrieve meaningful, useful results. For example, modern tools present findings using simple charts, graphs, and scores that indicate the likelihood of possible outcomes.

There are numerous tools available in the marketplace that help with the execution of predictive analytics. These range from those that need very little user sophistication to those that are designed for the expert practitioner. The difference between these tools is often in the level of customization and heavy data lifting allowed.

Notable open source predictive analytic tools include:

  • KNIME
  • Orange
  • R
  • RapidMiner
  • Weka

Notable commercial predictive analytic tools include:

  • Angoss KnowledgeSTUDIO
  • IBM SPSS Statistics and IBM SPSS Modeler
  • KXEN Modeler
  • Mathematica
  • MATLAB
  • Oracle Data Mining (ODM)
  • Pervasive
  • SAP
  • SAS and SAS Enterprise Miner
  • STATISTICA
  • TIBCO

Read more about this topic:  Predictive Analytics

Other articles related to "tools, tool":

Activity Theory
... is a goal-directed or purposeful interaction of a subject with an object through the use of tools ... These tools are exteriorized forms of mental processes manifested in constructs, whether physical or psychological ... and externalization of cognitive processes involved in the use of tools, as well as the transformation or development that results from the interaction ...
Activity Theory - Theory
... - social context all actors involved in the activity system Tools or tool mediation - the artifacts (or concepts) used by actors in the system ... Tools influence actor-structure interactions, they change with accumulating experience ... Tools are influenced by culture, and their use is a way for the accumulation and transmission of social knowledge ...
Triana - Things
... combines an intuitive visual interface with powerful data analysis tools ... Triana includes a large library of pre-written analysis tools and the ability for users to easily integrate their own tools using Java ...
Blade (archaeology)
... In archaeology a blade is a type of stone tool created by striking a long narrow flake from a stone core ... Additionally, a tool must be part of an intentional blade industry in order to properly be considered a blade tools which show the characteristics of blades through variation but are not ... which blades have been struck are called blade cores and the tools created from single blades are called blade tools ...
Aurignacian - Tools
... Stone tools from the Aurignacian culture are known as Mode 4, characterized by blades (rather than flakes, typical of mode 2 Acheulean and mode 3 ... Also seen throughout the Upper Paleolithic is a greater degree of tool standardization and the use of bone and antler for tools ...

Famous quotes containing the word tools:

    The study of tools as well as of books should have a place in the public schools. Tools, machinery, and the implements of the farm should be made familiar to every boy, and suitable industrial education should be furnished for every girl.
    Rutherford Birchard Hayes (1822–1893)

    There is a great satisfaction in building good tools for other people to use.
    Freeman Dyson (b. 1923)

    The besetting sin of able men is impatience of contradiction and of criticism. Even those who do their best to resist the temptation, yield to it almost unconsciously and become the tools of toadies and flatterers. “Authorities,” “disciples,” and “schools” are the curse of science and do more to interfere with the work of the scientific spirit than all its enemies.
    Thomas Henry Huxley (1825–95)