10 Best Predictive Analytics Tools You Should Know About

Running a business means processing an endless stream of data in real time. Sales percentages, ROI growth, customer retention rates – these numbers can tell you a lot about where your business is today. But without organization, they won’t be able to tell you where you’re headed next.

10 predictive analytics tools you need to know

  1. Alteryx
  2. Emcien
  3. FICO predictive analysis
  4. H2O.ai
  5. Oracle Data Science
  6. Q Search
  7. RapidMiner
  8. SAP predictive analytics
  9. SAS Advanced Analytics
  10. TIBCO Statistics

What are predictive analytics tools?

The process of turning data sets into predictions and decisions is a science: predictive analytics. A subset of advanced analytics, it is a form of data science which uses current data points to forecast the likelihood of certain events and give business leaders a blueprint to follow. Predictive analytics tools can be used to predict future product success, reduce customer churn, and nip fraud in the bud. Every business, from apparel retailers to aircraft manufacturers, must be able to turn data into actionable insights in order to maintain longevity and stay competitive with its peers.

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Benefits of using predictive analytics tools

But making predictions and making sense of a constant stream of numbers and statistics is not something a human can do alone. Luckily for everyone, there are technology tools that can process even the largest amount of data sets and help leaders make informed decisions about the future of their business. Below are 10 of the best predictive analytics tools currently available on the market.

10 predictive analytics tools you need to know

Alteryx

Pricing: Individual plans start at $5,195 per user. Contact site for corporate rates

Alteryx is an end-to-end predictive analytics platform that incorporates machine learning principles to help customers easily build forecasting data models. Like the other platforms on this list, Alteryx offers collaboration capabilities, but is also designed so that users without coding experience can still access information. The company also offers an analytics process automation platform so users can unify all of their data science and analytics operations in one central location, simplifying monitoring and deployment.

Emcien

Pricing: Custom pricing is available, contact site for details

Adopted by Cisco, Dell, GM and other large enterprises, Emcien is a full-spectrum predictive analytics tool that can integrate with platforms like Tableau and Salesforce to create comprehensive data forecasts. Emcien can turn raw data into business forecasts to help customers reduce churn and improve their customer retention initiatives, making it an ideal tool for marketing and retail clients. The platform provides predictions based on real-time data and can organize information in a variety of visualization formats beyond simple graphs, according to its website.

FICO predictive analysis

Pricing: Contact site for pricing

Specially designed for the financial sector, FICO predictive analysis offers monitoring tools, modeling and forecast financial and other relevant data, according to its site. Along with its predictive analytics dashboard, FICO also offers a decision management platform for businesses to manage governance and manage their data security risks. The focus of the platform may not make it ideal for clients in all industries, but FICO’s services can support clients in healthcare, retail, and transportation as well as of finance, according to its website.

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H2O.ai

Pricing: Free trial available, contact site for pricing

H2O.ai is a cloud-based predictive analytics tool that uses AI and machine learning technology to help customers build data models at scale and predict future data trends. The platform can handle types of data prediction such as metric learning, time series prediction, text classification, and regression, according to its site. The advantage of H2O.ai is its open source model, which makes it a more flexible and scalable solution than other proprietary models. Its AI abilities can also predict bias in datasets and gives users the ability to control the parameters of their data analysis in case they want to focus on specific small patterns.

Oracle Data Science

Pricing: Contact site for pricing

Oracle Data Science is a comprehensive data tracking tool that can be used to organize existing data and transform it into predictive models so businesses can make informed strategic decisions. Since Oracle DataScience is included in Oracle’s product database, users can also access the company’s cloud and AI tools as needed. In addition to building data models, Oracle Data Science users can also store datasets in the cloud for instant accessibility and synchronization between their organizations, according to the company’s site.

Q Search

Pricing: Standard license starts at $2,089 per user per year

Aimed at market researchers, Q Search is a data analysis and forecasting tool that can quickly record and automatically interpret data, according to its site. Datasets can be imported from Q Research to presentation platforms such as PowerPoint, and users can display their data predictions in various formats, such as predictive trees and cluster tables. Q Research’s existing customer base includes household names like Amazon, Meta, and Nielsen.

RapidMiner

Pricing: Contact site for pricing

RapidMiner is a predictive analytics dashboard capable of forecasting, fraud detection, churn prevention, and various other data features. Its data science platform gives users access to technologies such as building AI applications, building models and managing governance, according to its site. RapidMiner also provides customers with a variety of plug-ins such as Python scripting, web crawling and word processing, and other extensions to amplify their data search.

SAP predictive analytics

Pricing: $22 per month per user

SAP predictive analytics is a full-spectrum analytics tool that allows users to create scale data models and plot connections between existing data to predict future business directions. The program’s modeling tool allows companies to examine regression, time series, and clustering data models, which can be exported in a variety of formats, depending on the business site. It can also load data from a number of different sources, including Microsoft Excel and SQL View. According to a review on the G2 technical peer review site, SAP Predictive Analytics users may need “some technical expertise and prior training” in order to take full advantage of the tool. This can make SAP Predictive Analytics less intuitive than other simpler platforms, but its advanced features can make it an ideal solution for businesses that need to perform more complex data analysis tasks.

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SAS Advanced Analytics

Pricing: Contact site for pricing

SAS Advanced Analytics provides customers with tools to automatically transform large amounts of data into large-scale predictions using AI technology. In addition to its predictive analytics services, SAS Advanced Analytics also offers text mining and data visualization tools to help customers get the most out of their available data, according to its website. Marketed specifically for enterprise use, it has built-in security features to help protect sensitive company data.

TIBCO Statistics

Pricing: Plans starting at $25 per month per user

TIBCO Statistica The platform is designed with collaboration in mind, with workflow options that can be shared across multiple teams for increased visibility. TIBCO Statistica does not offer an open source option, but can be scaled to support small and large datasets to generate different types of models, according to its website. The platform also offers IoT-focused features that other platforms don’t. It is also built with open source features to give customers access to a wider range of analysis functions.

Lance B. Holton