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Business Analytics Tools

In: Business and Management

Submitted By jerald02
Words 528
Pages 3
Jerald F. Borja Mam Jyr


Here is a list of 10 most popular analytic tools used in the business world.

Commercial software
MS Excel: Almost every business user has access to MS Office suite and Excel. Excel is an excellent reporting and dash boarding tool. For most business projects, even if you run the heavy statistical analysis on different software but you will still end up using Excel for the reporting and presentation of results.
SAS: SAS is the 5000 pound gorilla of the analytics world and claims to be the largest independent vendor in the business intelligence market. It is the most commonly used software in the Indian analytics market despite its monopolistic pricing. SAS software has wide ranging capabilities from data management to advanced analytics.
SPSS Modeler (Clementine): SPSS Modeler is a data mining software tool by SPSS Inc., an IBM company. It was originally named SPSS Clementine. This tool has an intuitive GUI and its point-and-click modelling capabilities are very comprehensive.
Salford systems: provides a host of predictive analytics and data mining tools for businesses. The company specialises in classification and regression tree algorithms. Its MARS algorithm was originally developed by world-renowned Stanford statistician and physicist, Jerome Friedman. The software is easy to use and learn.
KXEN: is one of the few companies that is driving automated analytics. Their products, largely based on algorithms developed by the Russian mathematician Vladimir Vapnik, are easy to use, fast and can work with large amounts of data. Some users may not like the fact that KXEN works like a ‘black box’ and in most cases, it is difficult to understand and explain the results.
Angoss: Like Salford systems, Angoss has developed its products around classification and regression decision tree algorithms. The advantage of...

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