Top 25 Vendors in the Predictive Analytics Software Space Analysed by 360Quadrants
Pune, India -- (SBWire) -- 02/14/2019 --Predictive Analytics Software
Predictive analytics, a branch of advanced analytics, is used to extract information to predict the data patterns and future trends and outcomes, anticipate events, and spot anomalies, by using statistical tools and methodologies like data mining, predictive modelling, artificial intelligence, and machine learning. This further helps in taking informed business decisions. The global predictive analytics market is expected to witness a high growth in the coming years, mainly due to the emergence of new applications and technologies, growing focus on competitive intelligence, and use of analytics to determine future scenario and customers' behaviour.
IBM emerges as the top vendor in the enterprise segment in a ranking based on product scores, strategy, use-cases, investments, and business outcomes
In a recent assessment released by 360Quadrants, IBM topped the list of vendors in the predictive analytics software space, followed closely by Oracle and SAP SE, while NTT Data Corporation was listed as a dynamic differentiator. IBM's SPSS Modeler was rated as the best in product quality, reliability, and breadth and depth of offering. IBM SPSS Modeler also secured the top spot in criteria like geographic footprint and viability of business.
360Quadrants defines predictive analytics as a statistical and data mining solution, comprising various algorithms and methodologies used for analysing huge amounts of structured as well as unstructured data in order to gather business insights. Covering more than 50 vendors in the best predictive analytics software space, 360Quadrants places the top 25 vendors in a quadrant depending on their quality, reliability, and business strategies.
Competitive Leadership Scenario
360Quadrants recognizes the top 25 predictive analytics software vendors, which have been categorized into Visionary Leaders, Innovators, Emerging Companies, and Dynamic Differentiators based on their performance and predictive analytics software reviews.
IBM Corp, SAS Institute, Inc., SAP SE, Fair Issac Corporation (FICO), Tableau Software, Inc., RapidMiner, Inc., Oracle Corp, and Angoss Software Corp as Visionary Leaders, mainly because of their established product portfolios and strong market presence.
TIBCO Software, Inc., Microstrategy, Inc., Alteryx, Inc., Information Builder, Dataiku, KNIME.COM AG, and NTT DATA Corporation, are listed as Innovators, since they have focused portfolios and exhibit substantial product innovations.
GoodData Corporation, Microsoft Corporation, Teradata Corporation, Sisense, Inc., Predixion Software, and Domino Data Lab, Inc. are recognized as Dynamic Differentiators in the predictive analytics space, since they are established vendors with strong business strategies, but have less product offering.
Lastly, Exago, Inc., AgilOne, QlikTech International, and Kognitio Ltd., have been recognized as Emerging Players, mainly because they specialize in offering highly niche solutions and services, but do not have strong business strategies unlike other established vendors.
360Quadrants, powered by MarketsandMarkets™, is the only comparison platform that combines expert analysis with crowdsourced insights. It covers emerging markets and technologies that are yet to be explored in detail. The platform gathers reviews from buyers, vendors, experts, and in-house analysts that influence the criteria used to position the company on the Quadrant.
Buyers get to simplify and de-risk complex purchase decisions. They get granular, unbiased and personalized comparison of products to their specific buying criteria. Vendors get an opportunity to position themselves to win ideal new customers, exclusive customized quadrant showcasing their strength, deep dive comparison giving understanding about trending buying criteria and highlight winning and losing area. Experts get to be part of a grand community, improve their reputation, and grow their personal brand, where they influence the buying decision of not only Fortune 500 companies but also start-ups. It establishes them as thought leaders in their respective space and helps them follow a 'share & gain' suit for knowledge.
360Quadrants has also launched quadrants in fields like, AI in Fintech and Application Modernisation Services.
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