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What is Business Analytics ? Business Analytics Tools

What is Business Analytics ? Business Analytics Tools

What is Business Analytics ? Business Analytics Tools
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Business Analytics refers to the skills, technologies, practices to gain insights using the collection, organization, analysis, exploration, investigation, interpretation and presentation of business data using statistical analysis, data mining, quantitative analytics, qualitative analytics, decisive analytics, descriptive analytics, business intelligence, predictive analytics, prescriptive analytics, and text analytics.

Business Analytics drives business planning and the objective is to discover new insights and relate business performance to business data. Business Analytics provides fact based, analytics strategies help in the discovery of meaningful pattern in data and then to communicate insight using the data visualization of the recorded information.

The application of Business Analytics to business data, helps to describe, predict, and improve business performance. The use of analytics methods can make organizations better, faster, and more consistent decisions. The use of analytics also provides the business with the data for primary source of competitive differentiation.

Technology drivers of Business Analytics

Statistical analysis, data mining, quantitative analytics, qualitative analytics, decisive analytics, descriptive analytics, business intelligence, predictive analytics, prescriptive analytics, and text analytics are the technology drivers of business analytics.

Business Analytics Tools

1.Statistical Analysis : Statistical Analysis is the study of the collection, organization, analysis, interpretation and presentation of data.

SAS University Edition, GNU PSPP, Statistical Lab, Shogun, Develve, GNU Octave, DataMelt, Arc, SciPy, Dataplot, MacAnova, Past, Zelig, Gretl, GNU Data Language, CumFreq, OpenMx, MaxStat Lite version, SageMath, Dashboard of Sustainability, Salstat, SOFA Statistics, Perl Data Language, NIMBLE, OpenEpi, ADaMSoft, BV4.1, CSPro, Dap, Epi Info, First Bayes, Ploticus, Yorick, Statcato, ViSta, StatCVS, JAGS, Stan, pbdR, OpenStat, Simfit, MicrOsiris, NCAR Command Language, EasyReg, IVEware, WinBUGS, WINPEPI, IDAMS, ADMB, Scilab are some of the top free statistical analysis software.

Top Free Statistical software



IBM SPSS Modeler, Minitab, TIBCO Spotfire, STATISTICA, Analyse-it, AcaStat, Stata, SAS Visual Statistics, Forecast Pro, Regression Analysis of Time Series, MATLAB, PolyAnalyst, EasyFit, JMP, Data Applied, Mathematica, MaxStat, Data Desk, XLSTAT, Analytica, EViews, GraphPad InStat, GeneXproTools, Develve, NCSS, NLOGIT, GAUSS, Statgraphics Centurion, Qlucore, Statistix, TurboStats, Maple, WinSPC, Origin, SmartPLS, StatsDirect, StatPlus, MedCalc, Genedata Analyst, UNISTAT, LIMDEP, statistiXL, NLREG, ESBStats, SigmaPlot, PASS, Statwing, Number Analytics, SUDAAN, SuperCROSS, Prisync, StatXact, Genstat, LISREL, SigmaStat, Wizard are some of the best statistical software .

Top Statistical software

SAS University Edition adds a range of forecasting technologies

2.Data Mining : Data Mining is the computational process of discovering patterns, trends and behaviors, in large data sets using artificial intelligence, machine learning, statistics, and database systems.

Orange Data mining, R Software Environment, RapidMiner, Weka Data Mining, KNIME, SpagoBI Business Intelligence, Anaconda, Shogun, ELKI, Scikit-learn, CMSR Data Miner, Fityk, mlpy, Dlib, Rattle GUI, GNU Octave, Pandas, Natural Language Toolkit, OpenNN, TANAGRA, Alteryx Project Edition, Apache UIMA, Vowpal Wabbit, MALLET, CLUTO, streamDM, DataMelt,, Jubatus, MiningMart, Databionic ESOM, Apache Mahout, TraMineR, ROSETTA, KEEL, ADaM, ML-Flex, Modular toolkit for Data Processing, Dataiku, SenticNet API, LIBSVM and LIBLINEAR, Lattice Miner, Gnome datamine tools, yooreeka, AstroML, jHepWork, ARMiner, arules are some of the top free data mining software.

Top Free Data Mining Software



RapidMiner, SAS Enterprise Miner, KNIME, Dataiku, IBM SPSS Modeler, Neural Designer, Oracle Data Mining ODM, Angoss Predictive Analytics, TIBCO Spotfire, AdvancedMiner, STATISTICA, Alteryx Analytics, Analytic Solver, OpenText Big Data Analytics, Portrait Predictive Analytics, GMDH Shell, Viscovery Software Suite, Microsoft SQL Server Integration Services, PolyAnalyst, GhostMiner, Civis Platform, TIMi Suite, pSeven, Lavastorm Analytics Engine, LIONoso, Rapid Insight Veera, HP Vertica Advanced Analytics, Rialto, Teradata Warehouse Miner, FICO Data Management Solutions, Salford Systems SPM, QIWare, Valo, Think Enterprise Data Miner  are some of the top data mining software.

Top Data Mining Software



3.Quantitative Analytics :The data analysis in statistics are generally divided into descriptive statistics, exploratory data analysis (EDA), and confirmatory data analysis (CDA).

Orange Data mining, R Software Environment, Weka Data Mining, Tableau Public, Arcadia Data, Microsoft R, ITALASSI, Shogun, Trifacta, ELKI, Scikit-learn, Data Applied, Lavastorm Analytics Engine, Gephi, DataMelt, TANAGRA, Julia, RapidMiner Starter Edition, SciPy, KNIME Analytics Platform Community, Dataiku DSS Community, Google Fusion Tables, Massive Online Analysis, NodeXL, DataPreparator, NetworkX, NumPy, OpenRefine, DataWrangler, PAW, ILNumerics, ROOT, DataCracker, Scilab, FreeMat, Ipython, jMatLab, SymPy, Fluentd, EasyReg, Matplotlib

Top Free Data Analysis Software



4.Qualitative Data Analysis : Qualitative Data Analysis provides tools to assist with qualitative research such as transcription analysis, coding and text interpretation, recursive abstraction, content analysis, discourse analysis, and grounded theory methodology.

Nvivo, ATLAS.ti, MAXQDA, Quirkos, webQDA, Dedoose, HyperRESEARCH, Raven’s Eye, Qiqqa, Focuss On, F4analyse, Annotations, Datagrav, QDA Miner, and SaturateApp are some of the top Qualitative Data Analysis Software.

Top Qualitative Data Analysis Software



General Architecture for Text Engineering – GATE, Coding Analysis Toolkit, FreeQDA, TAMS, Transana, ConnectedText, RQDA, Qiqqa, LibreQDA, QCAmap, Visão, Aquad, Weft QDA, Cassandre, ELAN, CATMA, Compendium, fs/QCA, Tosmana, QDA Miner Lite Kirq are some of the Top Free Qualitative Data Analysis Software.

Top Free Qualitative Data Analysis Software

Business Analytics

Business Analytics

5.Business Intelligence : Solution transforms the raw data into meaningful and useful information for intuitive presentation of knowledge and for the publication of business intelligence objects.

Pentaho Community Edition, OpenText Actuate Information Hub, Free Edition, ReportServer, JasperReports Business Intelligence,  Jedox Base, SpagoBI, ART, Widestage, Pentaho Reporting, JMagallanes, OpenReports, Seal Report, Openi, NextReports, RapidMiner, Mondrian, KNIME, Watson Analytics, SAP Lumira Cloud, Power BI, MicroStrategy Analytics Express and Birst Express for NetSuite, EspressReport Lite, SAP Lumira, QlikView Personal Edition, InetSoft, Qlik Sense Desktop, icCube, Tableau Public, Arcadia Data Instant, Pentaho, Jaspersoft, Palo, Actuate Corporation, TACTIC in no particular order.

Open Source and Free Business Intelligence Solutions

MicroSoft, Tableau Software, QlikTech,  Logi Analytics, Pentaho, Sisense, Targit, Birst, Prognoz, Bitam, Oracle, IBM, SAS, MicroStrategy, Tibco, GoodData, Information builders, SAP, Actuate, Panorama Software, Yellowfin, 1010Data, Kognitio, Exago, Host Analytics, Zoho, Adaptive Insights, Datapine, Attivio, BellaDati, Pyramid Analytics, Datameer, Domo, FICO, Phocas Software, Quadbase Systems, Board Jinfonet, AtScale, Kyvos Insights, Arcadia Data, ThoughtSpot, Metric Insights, Dundas, InetSoft, Dimensional Insight, Periscope Data, Halo, Clear Analytics, Antivia, Ducen, and Izenda in no particular order.

Top Business Intelligence companies

6.Predictive Analytics : Predictive analytics is the branch of the advanced analytics which is used to make predictions about unknown future events.

RapidMiner Studio, KNIME Analytics Platform, IBM Predictive Analytics, SAP Predictive Analytics, Dataiku DSS, SAS Predictive Analytics, Oracle Data Mining ODM, Angoss Predictive Analytics, Microsoft R, Minitab, TIBCO Spotfire, AdvancedMiner, Microsoft Azure Machine Learning, STATISTICA, Anaconda, Alteryx Analytics, ABM, Google Cloud Prediction API, DataRobot, HP Haven Predictive Analytics, Analytic Solver,, Actian Analytics Platform, GMDH Shell, GoodData, Alpine Chorus, Portrait Predictive Analytics, FICO Model Central, GraphLab Create, Viscovery Software Suite, Information Builders WebFOCUS Platform, MATLAB, Predixion Insight, Mathematica, Rapid Insight Veera, DMWay, Lavastorm Analytics Engine, TIMi Suite, CMSR Data Miner Suite, Vanguard Business Analytics Suite, DataRPM, Feature Labs, Salford Systems SPM, Skytree, QIWare, Grapheur, Emcien, RapidMiner Server are the top predictive analytics software .

Top Predictive Analytics proprietary Software

R Software Environment, Dataiku, Orange Data mining, RapidMiner, Anaconda, KNIME, DMWay, HP Haven Predictive Analytics, GraphLab Create, Lavastorm Analytics Engine, Actian Vector Express, Scikit-learn, Microsoft R,, Weka Data Mining, Apache Spark, Octave, Tanagra, PredictionIO, Apache Mahout, LIBLINEAR, Vowpal Wabbit, NumPy, and SciPy are the Top Free Predictive Analytics Software. 

Predictive Analytics Freeware Software

7.Text Analytics : Text Analytics is the process of converting unstructured text data into meaningful data for analysis, to measure customer opinions, product reviews, feedback, to provide search facility, sentimental analysis and entity modeling to support fact based decision making.

SAS Text Miner, Provalis Research Text Analytics Software, Google Cloud Prediction API, DiscoverText, IBM SPSS Text Analytics, Datumbox, Lexalytics Salience, Microsoft Azure Text Analytics API, Sysomos, IBM Watson Natural Language Understanding, Expert System, Twinword, UltiPro Perception, Google Cloud Natural Language API, Thematic, OpenText, Stratifyd, Semantria for Excel, Narrative Science Quill, indico, Clarabridge, MeaningCloud, Bitext, LingPipe, Medallia, Luminoso, STATISTICA Text Miner, Pingar DiscoveryOne, Brainspace, Keatext, Abzooba, OdinText, Semantria, NetOwl, TheySay, WordStat, Etuma, Smartlogic, Synapsify, Megaputer, AYLIEN, Text2data, Rosette Text Analytics, Oracle Endeca Information Discovery, Averbis, Angoos KnowledgeREADER, Buzzlogix, VOZIQ, Verint Systems, Aspect NLU, General Sentiment, Loop Cognitive Computing Appliance, Oracle Social Cloud, TextualETL, muText, ai-one, Ascribe, Language Computer, Open Calais, Semantria API, Rocket Search and Text Analytics, Intellexer, SYSTRAN, Relativity Analytics, SAP HANA Text Analytics, and AUTINDEX are some of the top software for Text Analysis, Text Mining, Text Analytics.

Top software for Text Analysis, Text Mining, Text Analytics

IBM Text Analytics

IBM Text Analytics

General Architecture for Text Engineering – GATE, RapidMiner Text Mining Extension, KH Coder, Coding Analysis Toolkit, QDA Miner Lite, VisualText, TAMS, Datumbox, Carrot2, Natural Language Toolkit, Apache Mahout, Pattern, Textable, Twinword, Apache OpenNLP, Apache UIMA, Aika, tm – Text Mining Package, KNIME Text Processing, LingPipe, Gensim, Distributed Machine Learning Toolkit, LPU, Apache Stanbol, S-EM, LibShortText, and Coh-Metrix are some of the top Free Text Analysis, Text Mining, Text Analytics Software.

Top Free Software for Text Analysis, Text Mining, Text Analytics

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