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18/06/2013 :: The potential of analytics software is changing the way businesses handle their data. Through the use of predictive analytics, businesses have the opportunity to see what the future will hold based on their historical data. Over time, businesses will be able to draw an even clearer picture of how their customers will behave, with the collected data helping inform decisions that create higher sales. Predictive analytics can also help businesses predict customer behavior and return on their investment.
Yet, many businesses are hesitant to go beyond basic analytics and implement predictive data management tools. The potential return on investment may be greater than that of simpler analytic tools.
Predictive analytics is still in its infancy, but the market for these products continues to grow. Therefore, we decided to feature one of the best in the space, called Action!® by SAS®. The tool can be used in a number of ways:
Carry out analysis on multi-paradigm data, including data found on websites, in files, on the Web and in e-mails.
Predictive data management tools are based on the same principles as advanced analytical tools, such as SAS® Business Analytics, and on the same technologies, like SAS® Analytical Studio. Business users need to be able to clearly present the data that is collected to their upper management, though. And the presentation of the data must be helpful.
The conversion process is the initial way to visually represent the data collected from the advanced analytics solution. Conversion tools for predictive data management can help your company cope with the vast amounts of data collected and give you an accurate view of what your customers are interested in and what they want to buy.
Visible Views
To begin, you should choose the third type of conversion option: Visible Views. These tools turn the data into an actionable framework that easily conveys your findings.
Many systems offer visual views that quickly identify, sort and analyze important parts of your data. The resulting conversion framework then automatically creates a straightforward graphic that is easily updated as new data arrives. Conversion tools are able to update the framework in real-time and to portray the information in a concise, precise manner.
Some Conversion Tools
Advanced data management software applications provide conversion technology for predictive analytics. Software packages with conversion tools are a great way to help users better explain the information that is gathered, and to encourage better decision-making.
Companies use conversion tools to present their data in an easy-to-under
Convert Factory
Free software to convert between various file formats or convert files that are compatible with different file formats quickly and effectively.
Its has plugins, command line, scripts, web interface and other tools.
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