By Sanjeev Kumar, Mark Davis and Guy Harrison
Predictive analytics is transforming the modern enterprise. As data variety and volume grows exponentially, ever more sophisticated lenses are needed to discover the transitory signals nestled in the long tails of these mountains of information. That’s why Dell’s recent acquisition of StatSoft is such an exciting one for our customers and channel partners. StatSoft complements and expands on Dell Software’s information management solutions to provide a complete suite of capabilities for powering the data-driven enterprise.
The StatSoft predictive and prescriptive analytics platform offers a complete, integrated solution to the problem of developing and managing the entire analytical model lifecycle. Whether you are involved in discovery analytics, data blending, modeling, scoring, deploying or model management, StatSoft surfaces these capabilities in an easy-to-use visual workflow without the need for programming, and allows the models to be embedded into production systems. These visual workflows can be extended through macros and .NET scripting.
In addition, StatSoft analytics can be augmented with the latest and greatest research algorithms written by the open source community through StatSoft’s R-integration capabilities. The StatSoft offerings span the analytic requirements of the entire enterprise, from desktop data modeling through to scalable production system integrations. Out-of-the-box industry-proven packages and recipes help jump-start data engagement for agile manufacturing, pharmaceuticals, risk management, fraud detention, and research.
With its deep bench of popular algorithms and approaches ranging from regression modeling to Structural Equation Modeling and more, StatSoft enables organizations to seamlessly navigate the analytical maturity model with an integrated platform. StatSoft’s deep-rooted product philosophy and rich academic history has enabled the company to build a large library of analytical models with a focus on domain specific solutions. And in the process, StatSoft has been ranked number one in user satisfaction among data mining and predictive analytics practitioners for three years in a row by Rexer Analytics.
In the coming months, we plan to build bridges between Dell Software’s existing product offerings, including the Toad Business Intelligence Suite for best-in-class data provisioning, Dell Boomi for cloud-hosted application integration, and Dell’s Kitenga Analytics Suite for native Big Data analytic processing.
The importance of the data scientist continues to grow as ever-increasing demands are placed upon this critical role. These increased demands reflect the growing need for analytical tools that not only provide a solid foundation in statistics, model development, and analytics, but are easy to use and simple to deploy. There is a critical shortfall in the supply of data scientists with the necessary skills to satisfy the challenges posed by Big Data and an increasingly analytics-based competitive landscape. StatSoft provides a solution that helps bridge this skills gap enabling more organizations to achieve the potential of data science, advanced analytics and machine learning.