Best Predictive Analytics Software for Improved Forecasting and Decision-Making

We've reviewed the 15 best software solutions, focusing on features like ease of use, affordability, customer feedback, and scalability. So, whether you're a small startup looking for data analytics tools for free or an established enterprise, these best predictive analytics software will provide the best data-driven insights to make informed decisions.
Last Updated on :
March 03, 2023
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Predictive analytics software is increasingly vital to modern business operations. By computing data, predictive analysis software can identify trends and patterns in customer behavior and market fluctuations.

This practice helps organizations improve decision-making, save costs, reduce risks, and increase revenues. In this article, we will discuss the best predictive analytics software available in the market today. So, without further ado, let's get started!

15 Best Predictive Analytics Software of 2023

These predictive analytics software solutions have been ranked based on customer feedback, ease of use, affordability, scalability, and accuracy to provide the best predictive analytics software available.

If you find one that fits your needs better, feel free to make your own decision. Read on to learn more about the top 15 predictive analytics software.
1.

Altair

Speaking about predictive analytics software, Altair is a great option. One of its AI products, Monarch, is a desktop-based, self-service data preparation system that offers easy access to clean and blend any data. Moreover, they also provide HyperWorks, which drives the product lifecycle from concept design to detailed product development.

Additionally, Altair has OptiStruct in their product lists, an industry-proven structural analysis solver for linear and non-linear problems under static or dynamic loadings, while HyperMesh provides a high-performance preprocessing environment for the most significant models.
You can look for more predictive analytics tools from their suite of software solutions.

Notable features of Altair:

  • Offers predictive solutions to fit any size organization
  • Comprehensive suite of predictive analytics software
  • Easy access to clean and blend any type of data with Monarch
Explore more about Altair, one of the best predictive analytics software:
2.

Domino Data Lab

On the second recommendation, consider Domino Data Lab. It is a predictive analytics tool that enables teams to quickly build, share, and manage models in one place. This makes it easier to track model performance and simplifies deploying industry-level models.

Moreover, you can use their cloud platform or on-premise installation for team collaboration with tools like automated deployments, project management, and model monitoring. Moreover, when it comes to scalability, it provides the ability to scale your predictive models as needed without needing extra maintenance.

Notable features of Domino Data Lab:

  •  Easy deployment of industry-level models
  • Ability to manage models in one place
  • Automated deployments, project management, and model monitoring
  • Ability to scale predictive models as needed
Explore more about Domino Data Lab, the best software for predictive analytics:
3.

SAP Analytics Cloud

Who doesn't know SAP Analytics Cloud? It is a powerful predictive analytics tool that helps businesses get insights from their data. This powerful tool is a cloud-based software with predictive analytics, predictive model planning, and predictive document capabilities. This software that facilitates predictive analytics models also provides various data representations for presentation purposes and multiple planning tools and tasks to create data.

On top of that, its mobile application allows users to access analytics from anywhere while users can use Artificial Intelligence (AI) to predict future results. Thus, predictive analytics business is easy to achieve with SAP Analytics Cloud.

Notable features of SAP Analytics Cloud:

  • Cloud-based 
  • Multiple planning tools and tasks to create data
  • Access analytics from anywhere with the mobile application
  • Users can use Artificial Intelligence (AI) to predict future results
Explore more about SAP Analytics Cloud, a predictive analytics tool:
4.

Alteryx

You can rely on Alteryx, a predictive analysis software, to manage big data. It is a powerful predictive analytics and AI platform that organizations use to perform predictive analysis, predictive modeling, and predictive reporting.

Whether it's data preparation, predictive model development, or predictive visualization, Alteryx offers an integrated suite of applications to handle all tasks efficiently. What's more, predictive insights are delivered in easy-to-understand visualizations that users can share with stakeholders. The predictive analytics tools from Alteryx will provide you with the insights you need.

Notable features of Alteryx:

  • Integrated suite of applications for predictive analysis, modeling, and reporting
  • Delivery of predictive insights in easy-to-understand visual
  • Powerful predictive analytics and AI platform
Explore more about Alteryx, a software for predictive analytics:

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5.

Qlik Sense

Discovering Qlik Sense, it feels like you have hit the software goldmine! It is a software for predictive analytics that provides complete access to advanced predictive analytics.
It allows users to prepare data, build models, visualize, and monitor their outcomes over time. Users can easily use this software for reporting, visualization, and contextual analysis of complex datasets.

With the help of Qlik Sense, you will be surprised by the generated results. So, if you are looking for software to help you with predictive analytics in big data, this is one of the best software tools available.

Notable features of Qlik Sense:

  • Comprehensive software suite providing access to advanced predictive analytics
  • Ability to prepare data, build models, visualize, and monitor outcomes
  • Ability to report, visualize and contextualize complex datasets
Explore more about Qlik Sense, one of the best predictive analytics software:
6.

IBM Watson Studio

When looking for software for predictive analytics, IBM Watson Studio is one of the best options. It offers various features and integrations with other data tools, enabling predictive analytics operations. The product has an intuitive interface that is easy to understand for beginners and allows users to manage AI models effectively.

Regarding software with data analytics tool list features, IBM Watson Studio provides data analysis, data science, deep learning, object storage, and more. IBM Watson Studio is an excellent choice if you want software that can offer efficient predictive analytics in big data.

Notable features of IBM Watson Studio:

  • Wide range of features and integrations with other data tools
  • Intuitive interface easy to understand for beginners
  • Ability to manage AI models effectively
  • Cost management capabilities, drive innovation, improve business process agility & outcomes, and compliance & risk management
Explore more about IBM Watson Studio, a popular predictive analytics tool:
7.

Databricks

No more feeling dizzy while looking for a data analytics tools list. With the help of Databricks, you can conveniently manage predictive analytics in big data. It is a software for predictive analytics that allows users to analyze and collaborate on data at scale quickly.

Databricks is well known for product functionality, performance, strong consulting partnerships, and services expertise. Moreover, the data lake house architecture of Databricks helps take analytic capabilities up a level; job & code management is easy with the newly designed interface & options for scaling vertically/horizontally are available through cloud provider connectivity.

Notable features of Databricks:

  • Data platform allowing to analyze and collaborate of data at scale
  • Product functionality, performance, strong consulting partnership, and services expertise
  • Data lake house architecture helps take analytic capabilities up a level
  • Job & code management is easy with the newly designed interface & options for scaling vertically/horizontally are available through cloud provider connectivity
Explore more about Databricks, a software with a good data analytics tools list:
8.

Board

Making a summary of predictive marketing analytics is easier than ever with Board. It is a data analytics tool that helps monitor, plan, and summarize a company's most important financial and economic aspects. 

The intuitive interface makes it easy to create well-organized reports without advanced knowledge. On top of that, it is integrated with all the data sources used by a company. It has an intuitive interface that makes predictive analytics easy for anyone without advanced knowledge.

Notable features of Board:

  • Comprehensive data preparation & predictive analytics capabilities
  • Ability to monitor, plan and summarize a company's most important financial and economic data
  • Intuitive interface makes it easy to create well-organized reports without advanced knowledge
  • Basic concepts for creating more complex solutions supporting activities from financial management to sales forecasting
Explore more about Board, the best predictive analytics software:
9.

RapidMiner

This data science platform provides comprehensive support for the analytics lifecycle, including model building, data engineering, trust and transparency of AI models, collaboration, and governance. RapidMiner is a powerful data mining software used by data scientists & analysts in various industries. It is to capitalize on Industry 4.0 initiatives; improve risk management; optimize patient care; innovate with data from consumers, vehicles, and factories; and digitally transform customer journeys. 

With RapidMiner, you will have a data analytics tools list that is complete & ready to use for data-driven decisions within an organization. 

Notable features of RapidMiner:

  • Comprehensive data analytics platform for data science lifecycle
  • Ability to improve risk management, optimize patient care & innovate with data from consumers, vehicles, and factories
  • Support data-driven decisions within the organization
Explore more about RapidMiner, a software providing predictive analytics solutions:
10.

DataRobot

Regarding the data analytics tool list, DataRobot stands out with its end-to-end data platform and ability to bring together disparate data and users across the entire AI lifecycle.

DataRobot provides an enterprise-grade solution that simplifies data science processes by automatically building, deploying, monitoring, and maintaining machine learning models. Furthermore, data scientists can collaborate seamlessly with data engineers, IT operators, and business analysts to ensure data security as well as the scalability of the models.

Built for multi-cloud usage, DataRobot is designed to run on any combination of public clouds, data centers, or at the edge.

Notable features of DataRobot:

  • End-to-end data platform to bring together data and users across the AI lifecycle
  • Automatically build, deploy, monitor, and maintain machine learning models
  • Multi-cloud usage to run on any combination of public clouds, data centers, or at the edge
Explore more about DataRobot, a data analytics software tool for predictive analytics:
11.

Google Cloud

Still tight on budget? Fret not, because Google Cloud provides data analytics free tools that support data-driven decisions within organizations through its free trial. The platform offers data services such as BigQuery, Data Studio, and Cloud Dataprep for data engineering, Machine Learning APIs for data mining, and much more. The AI Platform provides a suite of data analysis tools, data processing services, and engineering solutions for predictive analytics businesses.

Notable features of Google Cloud:

  • Comprehensive data platform allowing to analyze and collaborate of data at scale
  • Provides a suite of data analysis tools, data processing services, and data engineering solutions
  • 90-day trial with $300 free credit to take advantage of data analytics free tools
Explore more about Google Cloud, a software with predictive analytics solutions:
12.

Tableau

Are you looking for software that provides accessible data analytic tools for data visualization? Tableau is an option, and it comes with a popular data analytics tools list to generate data visualization, whether from simple to complex data. With its drag-and-drop interface, users can easily do visuals and calculations. Even those who don't know about analytics can understand data with this platform. Users can create dashboards and worksheets with Tableau to produce data analysis and visualization.

Notable features of Tableau:

  • Free data analytics tool for data visualization, from simple to complex data
  • Drag and drop interface helps in visuals & calculation
  • Dashboards & worksheets are created for data analysis & visualization
  • Can be understood by anyone who doesn't have any knowledge of analytics
Explore more about Tableau, the best predictive analysis software:
13.

SAS Advanced Analytics

You can consider SAS Advanced Analytics as a data analytics tool in your best predictive analytics tool list. SAS Advanced Analytics provides users with statistical analysis and predictive modeling capabilities, as well as data mining functions which can be used to analyze data from structured and unstructured sources. 

Examples of SAS Advanced Analytics products include Base SAS, SAS/STAT, SAS Studio, and SAS/GRAPH. Thus, data scientists and analysts can easily access data, discover insights, combine data sources, and develop models with the help of this data analytics tool.

Notable features of SAS Advanced Analytics:

  • Statistical analysis & predictive modeling capabilities
  • Data mining functions used to analyze structured & unstructured data
  • Easily access data, discover insights, combine data sources & develop models
  • Products from the suite are available a la carte or in bundles such as SAS Analytics Pro
Explore more about SAS Advanced Analytics, a predictive analytics business software:
14.

KNIME

While looking for data analytics software tools, KNIME data analytics platform certainly deserves a place in the best data analytical software list. KNIME is an open-source data platform for data preparation and machine learning. 

It supports data scientists, engineers, IT operators, and business analysts & ensures data security & scalability of the models with flexible deployment options from cloud to on-premise usage. Additionally, data scientists can take advantage of automation & reuse capabilities to reduce data preparation time and increase their efficiency in data exploration.

Notable features of KNIME:

  • Open source data platform for data preparation & machine learning
  • Automation & reuse capabilities to reduce data preparation time and increase efficiency
  • Flexible deployment options from cloud to on-premise usage
  • Great user interface for data overview & usability, even for less tech savvy users
Explore more about KNIME, a software with predictive analytics in big data:
15.

Amazon Forecast

Last, you can consider Amazon Forecast predictive analytics models software that uses machine learning to deliver accurate forecasts. Thus, creating accurate estimates for businesses can be quickly done with the help of this data analytics software. It uses historical data (e.g., price, promotions, economic performance metrics), data from web services, and data from IoT devices to create predictive models for businesses. On top of that, data scientists can take advantage of data visualization for data exploration & data modeling with Amazon Forecast.

Notable features of Amazon Forecast:

  • Fully managed service uses machine learning to deliver accurate forecasts
  • Uses historical data from web services and IoT devices to create predictive models
  • Provides data visualization, makes it beneficial for predictive marketing
Explore more about Amazon Forecast, the best predictive analysis software:

In summary, business intelligence vs. predictive analytics is an important topic when discussing predictive analytics software. With the vast amount of data available today, business intelligence has become a necessity for business success & that's where predictive analytics comes in. Besides understanding what is predictive analytics, business owners also need to consider their business needs & budget as they decide on the right data analytics software for their business. 

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We hope this overview of popular data analytical software tools can help you make the best decision for your business!

Written By
Pallavi
Pallavi Content Head at MobileAppDaily

She is an avid writer of technology and trending mobile apps. When she is not busy updating you about the tech world, she spends time reading books and playing guitar.


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