IBM SPSS Statistics: Predictive Analytics Tool Overview
See the full list of Top Predictive Analytics Vendors Bottom Line The classic slogan “nobody ever got fired for buying IBM” holds true for the predictive analytics tool SPSS Statistics. Although it trails behind market leader SAS in sales, it’s a solid, popular option. It offers an impressive array of statistical algorithms and modeling capabilities. […]
The classic slogan “nobody ever got fired for buying IBM” holds true for the predictive analytics tool SPSS Statistics. Although it trails behind market leader SAS in sales, it’s a solid, popular option. It offers an impressive array of statistical algorithms and modeling capabilities. While it is still aimed at data scientists rather than regular business users, the new interface is easier to use, and it integrates more easily with Microsoft Office.
In short, it’s for companies that want to do complex, in-depth work, rather than find quick answers – though SPSS is capable of quick response and facile data mining.
In particular, large enterprises that already do business with IBM are especially well suited for IBM SPSS Statistics. The interoperability between this application and other elements of the IBM platform can be expected to be seamless.
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Product Description
One of the best-selling predictive analytics tools on the market, IBM SPSS Statistics earns high marks for usability with its recently improved drag-and-drop interface. Now on version 25, it’s a mature, comprehensive tool that allows you to run advanced analytics and create visualizations from the same interface. Multiple licensing and deployment options are available, as is a free 14-day trial.
Key Features
Data preparation
Bootstrapping
Advanced statistics
Regression
Custom tables
Missing values
Categories
Complex samples
Conjoint analysis
Exact tests
Forecasting
Decision tree
Direct marketing
Neural networks
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Editions Available
Base, Standard, Professional and Premium.
Integrations
Extensions allow integration with R and Python, and it also integrates with Microsoft development tools and Excel.
Delivery
Cloud or desktop application.
Target Market
SMBs and enterprises, as well as government, education and healthcare organizations.
Pricing and How to Buy
Base subscriptions and add-ons are available to buy online, with a free 14-day trial available. Other types of licenses require contacting IBM. Student and faculty discounts are available.
Base Subscription $99 per user per month
Custom Tables & Advance Statistics Users Add-on $79 per user per month
Complex Sampling & Testing Users add-on $79 per user per month
Forecasting and Decision Trees Users add-on $79 per user per month
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