Predictive
analytics software leverage next-generation algorithms and methodologies to
extract business insights from structured and unstructured data. These software
help business users to engage in better-informed decision-making. Using
predictive analytics software, enterprises are able to ‘read the mind’ of their
customers and use this insight to gain a competitive market edge.
360Quadrants
- the most granular comparison platform has released a quadrant on
Predictive Analytics to help businesses make quicker and more informed
decisions. This quadrant has FICO, Tableau Software, and Angoss Knowledge Studio sharing space as Visionary Leaders.
360Quadrants are generated post analysis of the product portfolios and business
strategies of all companies in a particular space. Quadrants are updated every
three months based on market and regional analyses and developments in
Predictive Analytics.
Predictive Analytics Software Quadrant Highlights
360Quadrants covers 169 companies in the Predictive
Analytics Software space and places the top 31 of them in a quadrant based on
their quality, reliability, and business outcome. These 31 companies are
categorized as Visionary Leaders, Dynamic Differentiators, Innovators, and
Emerging Companies.
360Quadrants recognizes IBM, SAS, SAP, FICO, Tableau
Software, RapidMiner, Oracle, and Angoss Knowledge Studio as Visionary
Leaders; Information
Builders, Knime AG, Microstrategy, NTT
Analytics Solutions, Alteryx Predictive Analytics, Dataiku, and TIBCO as Innovators;
Greenwave, Domino Data Lab, Teradata Analytics, Sisense, Microsoft, and Good
Data as Dynamic Differentiators; and AgileOne Cortex, Kognito, Exago,
and Qlik View as Emerging Companies. The 360Quadrants platform provides
the most granular comparisons
of Predictive Analytics software between vendors.
Additionally, experts from 360Quadrants have dived deep into
research and released a niche region-specific quadrant. This quadrant
recognizes the top players in the market in specific regions. The regional
quadrant covers North America, Europe, Asia Pacific, MEA, and Latin America. Intensive research
was conducted to place companies in regional quadrants based on their
developments, presence—both online and physical—and support/reach in specific
regions. IBM is recognized as a Visionary Leader across all regions. In the
North America, Europe and Asia Pacific regions, RapidMiner Studio is recognized
as a Visionary Leader by 360Quadrants. Finally, for Latin America and MEA,
360Quadrants recognizes SAP as a Visionary Leader.
Methodology
The methodology used to rank vendors of Predictive Analytics
software involved the use of extensive secondary research to identify key
vendors by referring to annual reports, press releases, investor presentations,
white papers, and various related directories and databases. 169 key vendors
were shortlisted based on their breadth of product offerings, organization
size, and several other criteria. The scores and weights for shortlisted
vendors against each parameter were finalized after extensive research.
After the finalization of ratings, each vendor was placed in the most relevant
quadrant based on their score in the product offering and business strategy
parameters.
