10 Top Predictive Analytics Tools to Know – Built In

Running a business means crunching an endless flow of real time data. Sales percentages, ROI growth, customer retention rates — these numbers can tell you a lot about where your company is at the present moment. But without organization, they won’t be able to tell you where you’re headed next. 

10 Predictive Analytics Tools to Know

  1. Alteryx
  2. Emcien
  3. FICO Predictive Analytics
  4. H2O.ai
  5. Oracle DataScience
  6. Q Research
  7. RapidMiner
  8. SAP Predictive Analytics 
  9. SAS Advanced Analytics
  10. TIBCO Statistica

What Are Predictive Analytics Tools?

The process of turning datasets into forecasts and decisions is a science: predictive analytics. A subset of advanced analytics, it is a form of data science that uses current data points to forecast the likelihood of certain events and give company leaders a blueprint to follow. Predictive analytics tools can be used to anticipate the success of future products, reduce customer churn and nip fraud in the bud. Every company from clothing retailers to airplane manufacturers needs to be able to turn data into actionable insights in order to maintain longevity and stay competitive with their peers. 

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Benefits of Using Predictive Analytics Tools 

But making predictions and pulling meaning from a constant stream of digits and statistics isn’t something any human can do alone. Luckily for everyone, there are tech tools available that can process even the largest amount of data sets and help leaders make informed decisions about the future of their companies. Below are 10 of the top predictive analytics tools on the market today.

10 Predictive Analytics Tools to Know

Alteryx

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

Alteryx is an end-to-end predictive analytics platform that incorporates machine learning principles to help clients easily build forecasting data models. Like other platforms on this list, Alteryx offers collaboration capabilities, but is also built so that users without a coding background can still access insights. The company also offers an analytics process automation platform so that users can unify all their data science and analytics operations in one central location, making monitoring and deployment more straightforward.

Emcien

Pricing: Custom pricing is available, contact site for details

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

FICO Predictive Analytics

Pricing: Contact site for pricing

Specifically designed for the finance industry, FICO Predictive Analytics offers tools for tracking, modeling and forecasting financial and other relevant data, according to its site. Alongside its predictive analytics dashboard, FICO also offers a decision management platform for companies to manage governance and deal with risks to their data’s security. The platform’s focus may not make it ideal for customers in all industries, but FICO’s services can support clients in healthcare, retail and transportation as well as 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 scale data models and forecast future data trends. The platform can handle data prediction types like metric learning, time series forecasting, text classification and regression, according to its site. H2O.ai’s advantage is its open source model, which makes it a more flexible and scalable solution than other proprietary models. Its AI capabilities can also predict bias in datasets and gives users the ability to control the parameters of their data analysis in case they want to hone in on specific small models.

Oracle DataScience

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 companies can make informed strategic decisions. Since Oracle DataScience is included in Oracle’s product database, users can also access the company’s cloud and artificial intelligence tools as needed. In addition to constructing data models, Oracle Data Science users can also store datasets in the cloud for instant accessibility and synchronization across their orgs, according to the company’s site.

Q Research

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

Geared toward market researchers, Q Research is a data analytics and forecasting tool that can quickly record and interpret data automatically, according to its site. Datasets can be imported from Q Research to presentation platforms like PowerPoint, and users can view their data forecasts in different formats like predictive trees and cluster tables. Q Research’s existing client base includes household names like Amazon, Meta and Nielsen.

RapidMiner

Pricing: Contact site for pricing

RapidMiner is a predictive analytics dashboard that is capable of forecasting, fraud detection, churn prevention and a variety of other data capabilities. Its data science platform gives users access to technology like AI app building, model creation and governance management, according to its site. RapidMiner also provides customers with a variety of plugins like Python scripting, web mining and text processing, and other extensions to amplify their data research. 

SAP Predictive Analytics

Pricing: $22 monthly per user

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

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SAS Advanced Analytics

Pricing: Contact site for pricing

SAS Advanced Analytics provides clients with tools to turn large amounts of data into large scale forecasts automatically with the help of AI technology. In addition to its predictive analytics services, SAS Advanced Analytics also offers text mining and data visualization tools to help clients take full advantage of their available data, according to its website. Marketed specifically for enterprise usage, it does feature built-in security features to help protect sensitive enterprise data. 

TIBCO Statistica

Pricing: Plans starting at $25 monthly per user

TIBCO Statistica’s platform is built with collaboration in mind, with workflow options that can be shared across multiple teams for heightened visibility. TIBCO Statistica doesn’t offer an open source option, but can be scaled to take on both small and large datasets to generate different types of models, according to its website. The platform also offers IoT focused capabilities that other platforms do not. It also is built with open source functionalities to give clients access to a wider range of analytics functions.

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