Written by: STATISTICA Reviews 11/21/2011 9:53 AM
Hurwitz’s Victory Index Labels StatSoft as “Double Victor”
Organizations are adopting, integrating and utilizing predictive analytics at an incredible rate. The business value of predictive analytics is clear: it enables organizations to define and attract the most profitable customers, streamline their resourcing and supply chain, improve the quality and targeting of their products, and many other applications. The Victory Index for predictive analytics, developed by Hurwitz & Associates, is designed to help organizations with an analysis of vendors and solutions for predictive analytics software. Hurwitz labeled StatSoft as a “Double Victor” based on its strong presence in the market, a solid vision, impeccable customer service, and great value for lower total cost of ownership. The Victory Index is a valuable tool that companies can use to better understand predictive analytics and how that company can become a key player in a highly competitive market. The report shows where each of the leading vendors fall within the designated categories so that companies can capitalize on the experts and their Index rankings in the field of predictive analytics. Hurwitz compiled and analyzed the results of its research using an extremely structured methodology across four areas: Vision, Viability, Validity and Value.
The results of the Victory Index Report show StatSoft as being victorious in the Vision and Viability areas. As one of the leaders in this field, StatSoft shows significant strength in brand and boasts of a strong presence in the predictive analysis arena. StatSoft’s visions for predictive analytics solutions are solid and innovative. Market Perspective Figure 1, below, illustrates the results of the Victory Index from the Market Perspective
The Hurwitz Victory Index Report states, ‘The StatSoft vision is one of providing deep statistical capabilities in a practical, easy–to-use and low-cost solution. The company makes it easy for customers to do business with them. Its customers totally resonate with this vision. The brand is best known among data miners, who feel a strong connection with the company. StatSoft is stepping up its marketing efforts to appeal to business users with its ease of use and low cost. Other areas of the Victory Index that StatSoft excelled in was the Validity and Value portions. These areas of the assessment exhibit such characteristics as superior technical and business value, technology and tools, customer support and overall value as proven in customer survey scores and interviews with customers.
Customer Perspective Figure 2, below, illustrates the results of the Victory Index from the Customer Perspective
The Hurwitz Victory Index Report states, ‘StatSoft also received high marks from customers. Customers felt that the tools and technology were strong and that the value/price was excellent. In fact, StatSoft ranked first in the value/price among all of the vendors in the study. Customers felt that StatSoft had the right balance of features for the cost. Customers also gave the company good grades for support and for ease of use of the interface.’ Hurwitz & Associates defines predictive analytics as: A statistical or data mining solution consisting of algorithms and techniques which can be used on both structured and unstructured data (together or individually) to determine future outcomes. It can be deployed for prediction, optimization, forecasting, simulation and many other uses. The report clearly proves that StatSoft’s values and direction all point to continued success. For the complete Predictive Analytics: The Hurwitz Victory Index Report, as well as the Market Trends for Predictive Analytics, click here.
About StatSoft StatSoft Inc., founded in 1984, is one of the largest global providers of analytic solutions with offices in 30 countries worldwide. StatSoft’s flagship product, STATISTICA, is the enterprise predictive analytics platform for deploying analytic applications across departments, sites, and organizations. To learn more about StatSoft’s solutions, please visit www.statsoft.com.
About Hurwitz & Associates Hurwitz & Associates is a strategy consulting, market research and analyst firm that focuses on how technology solutions solve real world customer problems. Hurwitz research concentrates on disruptive technologies such as Cloud Computing, Service Oriented Architecture and Web 2.0, Service Management, Information Management and Social and Collaborative Computing. Our experienced team merges deep technical and business expertise to deliver the actionable strategic advice clients demand. To learn more about our services, please visit www.hurwitz.com.