Predictive analytics is an advanced form of analysis that, by studying data, can provide future probabilities. It is widely used in companies, as it allows them to base their decision making on past experiences to increase the probability of success and have better results. Nowadays, it is very common to see predictive analytics tools based on Artificial Intelligence, which allows reducing errors and manual workload to the team. In this article we want you to know 10 of the best in the market so that you can choose from a wide range which one is the best for your organization.
The 10 best AI tools for predictive analytics
Hubspot’s lead scoring software stores all customer information in the platform so that you can use it in the future in your strategies and reach more and better people.
Thanks to its automations, the tool identifies which are the best leads, i.e. the ones that are most likely to convert so you don’t have to do it manually. And best of all, as time goes by, because the amount of data increases, the software becomes increasingly intelligent and improves lead tracking. Moreover, you will be able to customize the lead scoring criteria so that the tool fits your system as much as possible.
ManageEngine Analytics Plus
One of the strengths of this AI tool for predictive analytics is that it is able to detect potential problems before they happen so that the team can address them in time, before it’s too late.
It also predicts customer workloads among a large amount of data so that the company can manage its resources ever more efficiently. And because it processes a high volume of information, it is able to uncover hard-to-see business opportunities for the team.
What sets this Artificial Intelligence tool apart is that it empowers teams at all levels of the company to make data-driven decisions and take better actions. Their philosophy is very interesting, as they do not believe that AI tools can solve all the company’s problems by themselves, but that the key is the joint work between machine and human. Moreover, its use is within everyone’s reach, as it is very intuitive.
This AI tool has been helping companies for decades through numerical explanations of facts. In its latest versions, it has included approaches such as machine learning and is perfect for large companies that handle huge amounts of data. Being from the same company, it integrates seamlessly with other IBM tools and although the price is not very affordable at around $500, it offers a large number of free trials.
SAP is a software that specializes in tracking products at each and every stage of the supply chain. The tool focuses, above all, on the creation of reports through Artificial Intelligence and best of all, you don’t need to be an expert to use it, as the company has developed conversational analytics so that anyone who asks questions can receive useful information.
Minitab is one of the most advanced tools for predictive analytics, both for the deep knowledge it provides and for using some of the best machine learning algorithms of its kind. It stands out for its versatility, as it can be used by experts and beginners alike.
TIBCO makes predictive analytics from the information gathered by different integration tools. It offers users different options:
- TIBCO Streaming: created to make decisions in real time and based on a set of temporal events.
- TIBCO Spotfire: integrates location-based data with historical results to create dashboards.
In this case RapidMiner is an AI tool for predictive analytics that is geared exclusively for top-level data scientists. It allows you to experiment with different data streams and find the best options. However, its latest update has included automations, a simpler interface and guided tools so that more business professionals can use it.
What we like most is that it is very transparent, allowing users to understand the reasoning behind its predictions, and that it encourages collaboration between data scientists and the rest of the team. In addition, its free plan is very comprehensive.
If your goal in predictive analytics is to get accurate forecasts on sales, staff, business trends, operations, revenue, etc., in short, on different aspects of your business, you can use Futrli. In short, about different aspects of your company, Futrli brings them together in a single tool. However, it specializes in accounting firms and offers three types of forecasts:
- Repetitive forecasting.
- Freestyle forecasting.
- And unit forecasting.
One of the elements that makes it different is that it not only indicates what will most likely happen, but also what won’t, giving businesses the opportunity to be better prepared.
The last AI tool for predictive analytics that we have selected for this list is Alteryx for its high compatibility with different data sources and for being chosen by big brands such as Coca Cola or Siemens. This will already make you intuit that it is designed for high-level organizations that want to stop wasting time processing data and start focusing on valuable information that drives their business.
It is also very interesting for companies that want different teams to collaborate together on forecasting tasks, as well as for those looking for a simple yet scalable interface.