TechDogs-"Top 5 Predictive Analytics Software Of 2024"

Business Intelligence

Top 5 Predictive Analytics Software Of 2024

By TechDogs Editorial Team

TechDogs
Overall Rating

Overview

In the 2009 movie Knowing, Nicolas Cage’s character John Koestler comes across a piece of paper with cryptic numbers scribbled across it. Originally part of an elementary school assignment from 1959, it included artworks submitted by students stored in a time capsule buried at the school.

Fifty years later, the time capsule was opened and the drawings were distributed to the students. That's when John’s son, Caleb, received the paper with the randomly scribbled numbers.

John later figures out that the numbers aren’t random but instead are dates, fatalities and geographical coordinates of major disasters that happen over time, with something yet to happen. Upon investigation, John learns that the numbers accurately predicted future outcomes down to the date, place and people involved. #NoSpoiler #ButGoWatchTheMovieNow

Businesses have always dreamt of such powerful predictive and forecasting capabilities. That's why they are thankful for Predictive Analytics Software!

These platforms allow them to see into the future using existing data, which helps make decisions based on the insights produced from them.

So, if you’re looking for the right tool for your enterprise, read on to learn the top 5 Predictive Analytics Software of 2024!
TechDogs-"Top 5 Predictive Analytics Software Of 2024"
Knowing
what’s coming is a superpower just about anyone would love to have. The ability to accurately predict future events can save people from a lot of pain, sorrow and loss. Moreover, if used properly, it can instead provide them with joy, happiness and safety.

Businesses would also love such abilities; to know what kind of products to produce, what kind of experiences work well with customers, identify risks and how best to safeguard from them, which business processes will lose steam in the future and what plans to implement for the best possible future outcomes.

In this regard, businesses are lucky, as they get to use Predictive Analytics Software, which helps them achieve all these goals and more.

This is done by analyzing historical data to identify patterns and trends most likely to bring them success. Here, the software sifts through big data, both historical and real-time, analyzes it and builds decision models that help in predicting future outcomes.

This allows businesses to pick the best possible path to boost overall productivity, streamline operations, make better business decisions, increase revenue and provide better customer experiences.

Predictive Analytics Software finds great applicability in industries such as manufacturing, healthcare, banking, retail, utilities, governments and others.

You may remember how we explored the Top 5 Predictive Analytics Software Of 2023 last year. Now, let’s have a look at the top 5 Predictive Analytics Software Of 2024.

Ready?
 

Top 5 Predictive Analytics Software Of 2024


Predictive Analytics Software helps businesses better understand their customers, partners and products by identifying trends and patterns from historical data, which are extracted using a variety of algorithms, statistics and decision models. The idea is to provide a future road map that can better address risks, concerns and uncertainties and instead turn better productivity, experiences and revenue.

So, let’s get into the list of the Top 5 Predictive Analytics Software Of 2024 - in random order.
 
Amazon QuickSight
Amazon QuickSight
Adobe Analytics
Adobe Analytics
Tableau From Salesforce
Tableau From Salesforce
Alteryx
Alteryx
Qlik AutoML
Qlik AutoML
 

Tool 1: Amazon QuickSight


Amazon’s AWS or Amazon Web Services is brought to you by one of the most popular names in the technology world, Amazon, which was founded in 1994 in Washington, USA. The company, originally called Cadabra for a year, is headquartered in Seattle, Washington, USA and employs over 1.5 million people worldwide. In 2023, it was ranked #2 in Fortune World’s Most Admired Companies for the seventh consecutive year!

TechDogs-"Tool 1: Amazon QuickSight"-"A Screenshot Of The Desktop And Mobile View Of The Business Summary Dashboard On The Amazon QuickSight Platform"
Amazon returns to our list this year with QuickSight, which helps businesses gain deeper insights from their data by using the platform’s capable machine learning (ML) and natural language capabilities. Its out-of-the-box features enable businesses to discover outliers, uncover historic trends, identify key business drivers and run what-if analysis, facilitating quality, insightful and reliable forecasting. All of this is possible without the need for technical expertise or ML experience.

Amazon QuickSight also allows businesses to accurately forecast their revenue using various parameters and metrics, such as weekly and quarterly trends. The platform can automatically exclude anomalies such as spikes caused due to price drops to ensure the predictions aren’t influenced by such fluctuations. QuickSight comes with a full-fledged, scalable, cost-efficient and unified business intelligence (BI) platform that empowers data-driven decision-making to enhance business productivity.

Feature Ratings:

Ease Of Use: ⭐ ⭐ ⭐ ⭐ ⭐
Value For Money: ⭐ ⭐ ⭐ ⭐
Startup Friendly: ⭐ ⭐ ⭐ ⭐
Enterprise Friendly: ⭐ ⭐ ⭐ ⭐
Customer Support: ⭐ ⭐ ⭐
 

Tool 2: Adobe Analytics


Founded in 1982, Adobe has its headquarters in San Jose, California, USA. The company has a workforce of more than 25,000 people spread across 69 offices around the globe. Traded on the Nasdaq, Adobe was recognized by JUST Capital as one of America’s Most Just Companies in 2024, making it the seventh consecutive year.

TechDogs-"Tool 2: Adobe Analytics"-"A Screenshot Of The Anomaly Detection Page On The Adobe Analytics Platform"
Returning to our list this year is Adobe Analytics, which brings businesses hidden business opportunities and real-time insights through capable Predictive Analytics Software. This is done by gathering and analyzing huge data sets using strong machine learning, powerful AI and advanced statistical modeling to discover hidden patterns and trends. The platform leverages customer data, behavioral patterns and other parameters to predict future trends and behaviors, that would otherwise be wasted.

Adobe Analytics comprises a suite of features including web analytics, marketing analytics and predictive analytics, all in a unified, easy-to-use platform. Furthermore, users can integrate Adobe Target to optimize each experience through A/B and multivariate testing. This tool also brings AI-powered testing, personalization and automation features, offering the ability to take omnichannel personalization to the masses.

Feature Ratings:

Ease Of Use: ⭐ ⭐ ⭐ ⭐
Value For Money: ⭐ ⭐ ⭐
Startup Friendly: ⭐ ⭐ ⭐ ⭐
Enterprise Friendly: ⭐ ⭐ ⭐ ⭐ ⭐
Customer Support: ⭐ ⭐ ⭐ ⭐
 

Tool 3: Tableau From Salesforce


Tableau was originally founded in 2003 and was acquired by Salesforce for $15.7 billion in 2019. Salesforce was founded in 1999 and is headquartered at Salesforce Tower in San Francisco, California, USA. With a global presence, the company has over 70,000 employees spread across 100+ offices located around the world. Salesforce was recognized as the world's largest enterprise software firm in 2022 and ranks 136th in the Fortune 500 list.
 
Featuring on our list once again this year is Tableau From Salesforce, which brings Einstein Discovery, Salesforce’s power-packed machine learning (ML) and artificial intelligence-powered (AI) tool. This tool offers an intuitive, no-code environment that helps businesses gain predictions and recommendations within Tableau workflows for smarter decision-making, without the need to write algorithms or any code. Users can create trusted, predictive ML models guided by ethical, transparent AI. This nifty tool has been known to produce 93+ billion predictions per day!

Tableau’s main offering – the Tableau Platform – is often dubbed as the world's leading analytics platform, offering users a broad, deep and end-to-end data analytics platform. It enables responsible use of data, helping businesses drive better outcomes with fully integrated data management, data governance, visual analytics, data storytelling and collaboration.

Feature Ratings:

Ease Of Use: ⭐ ⭐ ⭐ ⭐
Value For Money: ⭐ ⭐ ⭐
Startup Friendly: ⭐ ⭐ ⭐ ⭐
Enterprise Friendly: ⭐ ⭐ ⭐ ⭐ ⭐
Customer Support: ⭐ ⭐ ⭐ ⭐
 

Tool 4: Alteryx


Founded in 1997, Alteryx was founded in 1997 and has its headquarters in Irvine, California, USA. The company has around 2,000 employees spread across 12 other offices worldwide and over 8,300 customers globally. In December 2023, Alteryx was taken private by Clearlake Capital and Insight Partners in a $4.4 billion deal and was listed in the Top 50 Analytics Products in G2’s Best Software Awards 2024.

TechDogs-"Tool 4: Alteryx"-"A Screenshot Of The Revenue Drivers And Trends Summary Page On The Alteryx Platform"
Making its way on our list as a new entrant this year is Alteryx, which brings with it a suite of predictive analytics tools that cover data exploration, customized elements of data preparation, predictive modeling, model comparison and efficacy and more. These tools help businesses better understand data for predictive analytics, data sampling, predictive models, A/B testing, time series analysis, grouping based on segments and more.

Additionally, it comes with Prescriptive Tools that assist with determining the best course of action or outcome for various situations, using optimization and simulation sampling. All of this is delivered using one easy-to-use platform. Businesses can also leverage location analytics to discover hidden location-based insights. Of course, the platform comes with the full stack of Alteryx’s machine learning and artificial intelligence capabilities for predictive analytics and forecasting.

Feature Ratings:

Ease Of Use: ⭐ ⭐ ⭐ ⭐
Value For Money: ⭐ ⭐ ⭐
Startup Friendly: ⭐ ⭐ ⭐ ⭐
Enterprise Friendly: ⭐ ⭐ ⭐ ⭐ ⭐
Customer Support: ⭐ ⭐ ⭐ ⭐
 

Tool 5: Qlik AutoML


Qlik AutoML is a product of Qlik, which was founded in 1993 in Lund, Sweden. The company has a workforce of more than 2,000 employees spread across 45+ global office locations, while its headquarters is in King of Prussia, Pennsylvania, USA. With over 40,000 customers including NHS, Lloyd’s, PayPal, Ford, Deloitte and more, Qlik was recognized as a Leader in the 2023 Gartner Magic Quadrant for Analytics and Business Intelligence Platforms in 2023 for a thirteenth consecutive year!

TechDogs-"Tool 5: Qlik AutoML"-"The Model Evaluation And Metrics Page On The Qlik AutoML Platform"
Qlik returns to our list this year with Qlik AutoML, which delivers businesses a no-code, automated, machine learning-powered Predictive Analytics Software. Businesses can auto-generate predictive models easily with unlimited tuning and refinement to identify key drivers in historical data. The platform allows businesses to experiment and test out what-if scenarios and generate detailed reports based on predicting potential outcomes, helping them select and deploy the best-performing ones.

Qlik AutoML helps serve businesses engaged in sales (sales pipeline and customer outcome forecasting), marketing (demand and revenue forecasting), finance (investment, expense and risk forecasting), operations (workforce demand, capacity and appointment cancellation prediction), HR (employee retention, attrition and satisfaction prediction), IT (infrastructure performance prediction), supply chain (inventory and supply chain bottleneck forecasting) as well as service and support (maintenance prediction).

Feature Ratings:

Ease Of Use: ⭐ ⭐ ⭐ ⭐
Value For Money: ⭐ ⭐ ⭐ ⭐
Startup Friendly: ⭐ ⭐ ⭐ ⭐
Enterprise Friendly: ⭐ ⭐ ⭐ ⭐ ⭐
Customer Support: ⭐ ⭐ ⭐
 

Winding It Up


Businesses use Predictive Analytics Software to analyze historical data to determine trends and patterns and predict future outcomes from the extracted information. This is done with the help of decision models built using statistical analysis algorithms and historical as well as current data. The use of such tools boosts revenue, improves user experiences and enhances productivity, while better understanding the future outcomes for customers and partners.

Each company has unique predictive forecasting requirements, which is why you should ensure you pick a platform that suits your unique requirements. We predict you won’t regret adopting Predictive Analytics Software!

Frequently Asked Questions

What Are The Top 5 Predictive Analytics Software Of 2024?


The top 5 predictive analytics software of 2024 are Amazon QuickSight, Adobe Analytics, Tableau From Salesforce, Alteryx and Qlik AutoML.

How Do Predictive Analytics Software Benefit Businesses?


Predictive analytics software helps businesses analyze historical data to identify trends and patterns, allowing them to predict future outcomes. This enables businesses to make better decisions, improve productivity, enhance customer experiences and increase revenue.

What Industries Can Benefit From Predictive Analytics Software?


Various industries such as manufacturing, healthcare, banking, retail, utilities, governments and others can benefit from predictive analytics software by gaining insights into customer behavior, optimizing operations, mitigating risks and improving overall performance.

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