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Discover the seven best predictive analytics tools also known as statistical analytics softwares. Learn the benefits of these tools and pick the ideal one to help your business strategize based on analyzed data.
Published 10 May 2022
Predictive analytics tools use data mining from a variety of sources in connection with statistical techniques such as regression, classification, and clustering algorithms to forecast the most likely outcome for a business/organization. These are tools that enable businesses to develop strategies that will benefit their bottomline. Gain competitive advantage, strategize, and find new revenue opportunities for your business with these top predictive analytics tools.
iAuditor is a comprehensive data collection, organization, and storage technology trusted by leading companies.
Best for: all industries for safety, security, quality control, and operations
Integrations: Tableau, Sharepoint, Salesforce Sales Cloud, Zapier, Microsoft Power Automate, Trail, and many others Platforms supported: iOS, Android, and Windows
Starting from: $19.00/month Pricing model: Free, Subscription Free Trial: Available
Dreamdata is a business-to-business (B2B) revenue attribution platform that enables you to create, replicate, and scale success. Dreamdata's technology collects, joins, and cleans all revenue-related data in order to deliver transparent, actionable analysis of the factors that drive B2B revenue. This enables businesses to perform and comprehend B2B attribution, advertiser lifetime value (LTV), monitor content ROI, benchmark growth, forecast revenue, and decide which scaling strategies to pursue next.
Best For: Businesses with 50 to 500 people that have lengthy sales cycles, several stakeholders participating in negotiations, and rely on digital platforms for progress
Integration: Mailchimp, Salesforce Sales Cloud, Stripe, HubSpot CRM, Calendly, Facebook for Business, Linkedin for Business, Twitter, Intercom, Pipedrive, and many others Platforms supported: Web
Starting from: $499.00/month Pricing model: Free, subscription Free Trial: Available (no credit card required)
Customer Happiness Index is a cloud-based predictive analytics platform that enables businesses in the telecom, banking, and retail industries to predict customer satisfaction levels using net promoter scores (NPS).
Best For: Telecommunications, banking, and finance retail
Platforms supported: Web Pricing: Lynx Analytics has not provided pricing details yet
Tableau is a business intelligence & analytics platform that helps people and organizations become more data-driven.
Best for: Organizations in a variety of industries, including communications and media, high technology, banking, sports management, energy and resources, insurance, healthcare, and manufacturing
Integrations: Salesforce Sales Cloud, SurveyMonkey, Google Analytics 360, Asana, ClickUp, Procore, and many others
Platforms supported: Web, Android, iOS
Pricing model: Free, subscription Free Trial: Available
GiniMachine is a predictive analytics software with risk scoring models and credit scoring software designed to help financial institutions streamline consumer and business lending by leveraging artificial intelligence and machine learning technologies.
Best for: Alternative and traditional lenders of all sizes and types Platforms supported: Web
Pricing model: Subscription Free Trial: Available
Splunk Enterprise is a cloud-based platform that enables enterprises to manage big data and analyze machine data.
Best For: Organizations worldwide that want to create real-time business impact using their data; Solutions for IT, security, internet of things (IoT), and business operations
Integrations: Microsoft excel, Dropbox business, Google cloud platform, Tableau, Malwarebytes endpoint protection, Okta, Amazon S3, Sisense, and many others
Platforms supported: iOS, Android, and Windows
Starting from: $1800.00/year Pricing model: Free, subscription Free Trial: Available
ELMO is Australia and New Zealand's only comprehensive cloud human resource management, payroll, and staffing/attendance solution. It gives businesses a single provider, a single dashboard, and a single user experience. ELMO Predictive People Analytics uses cutting-edge artificial intelligence (AI) and machine learning technology to construct models that predict future business-impacting events—such as determining employee flight risks at the individual, departmental, and organizational levels.
Best for: HR, payroll and finance professionals, business owners and C-suite executives who are looking to automate and streamline their operations to reduce pain points around managing people, process, and pay
Integrations: Xero and Turnpoint Platforms supported: iOS, Android, and Windows Pricing model: Subscription
Predictive analytics is used in practically every industry: retail for estimating sales and segmenting customers; entertainment for recommending material to users; and healthcare for predicting disease spread.
These predictive analytics tools streamline and automate processes such as data mining, creating profiles, identifying the factors that contribute to certain outcome predictions, and generating a measure of probability. Supporting these tools is the API integration feature that can help businesses in the accurate and seamless collection and transfer of data between different platforms.
An API ,or Application Program Interface, is the technology that makes a website’s data digestible for a computer. Integrating predictive analytics with API makes data integration and visualization easier. Through it, a machine can see and update data, much the way a person can by loading websites and completing forms. There are more opportunities created by APIs due to making data more accessible—healthcare, government, and manufacturing are just a few of the industries that now provide more accessible data through APIs.
Although iAuditor performs a bit differently from predictive analytics technologies, it can be a great supporting tool as it eliminates manual tasks and it can assist in proactively addressing and improving operational issues. It can also provide the following benefits:
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