Data Analysis Software Solutions and Risk Assessment Tools:
Statistical analysis refers to a collection of methods used to process
large amounts of data and report overall trends. It provides ways to
objectively report on how unusual an event is based on historical data.
It is required in Risk analysis, Optimization, Six Sigma, CMMI,
Financial analysis, Forecasting and almost everywhere, even in our day to day
life. With statistics involved in our analysis we can be sure of our
results/reports etc.
If we have small data then we can manually perform statistical tests,
simulation, time series forecasting, clustering, data mining, modelling etc.
But this is not always the case. So for getting insight into our data
and get the more out of it, which is of importance to us, we use Statistical
analysis software.
Below are the software which covers all Basic and Advanced Statistics
and help us get the best solution of our problem:-
Risk Analysis
& Simulation:-
Oracle Crystal Ball &
Decision Optimizer :
It is simplest and most
complete tool for Monte-Carlo simulations, time-series forecasting and
constraints-based optimization for Microsoft Excel spreadsheets and models.
Crystal Ball automatically
calculates thousands of different “what if” cases, saving the inputs and
results of each calculation as individual scenarios. Analysis of these
scenarios reveals the range of possible outcomes, their probability of
occurring, which input has the most effect on your model and where you should
focus your efforts.
Optimization :-
What’s Best :
What's Best! Is an add-in to Excel that allows you to build large scale
optimization models in a free form layout within a spreadsheet? What’s Best!
combines the proven power of Linear, Nonlinear (convex and no convex/Global),
Quadratic, Quadratic ally Constrained, Second OrderCone, Stochastic, and
Integer optimization with Microsoft Excel.
LINGO :
LINGO is a comprehensive tool
designed to make building and solving Linear, Nonlinear (convex &
nonconvex/Global), Quadratic, Quadratically Constrained, Second Order Cone,
Stochastic, and Integer optimization models faster, easier and more efficient.
It can connect to any Database.
LINDO API :
With the LINDO API, you can
easily create your own optimization applications. It allows you to plug the
power of the LINDO solvers right into customized applications and mathematical
programs that you have written.
Statistical
Modeling:-
TIBCO Spotfire S+:
With S+, statisticians and
statistical programmers can apply, prototype and deploy statistical models and
predictive analytics up to five times faster than with competing modelling
environments. S+ is the only commercially-supported statistical analysis
software that delivers a
cross-platform IDE for the
award-winning S programming language, the ability to analyse gigabyte class
data sets on the desktop, and a package system for sharing, reuse and
deployment of analytics in the enterprise and in validated environments.
SPSS :
IBM SPSS Statistics is an
integrated family of products that addresses the entire analytical process,
from planning to data collection to analysis, reporting and deployment. With
more than a dozen fully integrated modules to choose from, you can find the
specialized capabilities you need to increase revenue, outperform competitors,
conduct research and make better decisions.
Data Mining
& BI :-
SAS :
SAS is an integrated system of
software products which enables programmers to perform:
Retrieval, data
management, and data mining,
Report writing
and graphics
Statistical
analysis
Business
planning, forecasting, and decision support
Operations research and project management
Quality
improvement
Applications development
Data
warehousing (extract, transform, load)
Platform independent and remote computing
In addition, SAS has many
business solutions that enable large-scale software solutions for areas such as
IT management,
human resource management, financial management, business intelligence, customer relationship management
and more.
TIBCO Spotfire :
TIBCO Spotfire Professional
makes it easy to build and deploy reusable analytic applications over the web.
Or perform pure ad-hoc analytics, driven on-the-fly by your own knowledge,
intuition, and desire to answer the next question. Spotfire analytics does all
this by letting you interactively query, visualize, aggregate, filter, and
drill into datasets of virtually any size. Ultimately you will reach faster
insights with Spotfire and bring clarity to business issues or opportunities in
a way that gets all the decision makers on the same page quickly.
Econometrics:-
Eviews :
A combination of
power and ease-of-use make EViews the ideal package for anyone working with
time series, cross-section, or longitudinal data. With EViews, you can quickly
and efficiently manage your data, perform econometric and statistical analysis,
generate forecasts or model simulations, and produce high quality graphs and
tables for publication or inclusion in other applications.
LIMDEP:
LIMDEP is an integrated
program for estimation and analysis of linear and nonlinear models, with cross
section, time series and panel data. LIMDEP has provided many recent
innovations including cutting edge techniques in panel data analysis, frontier
and efficiency estimation and discrete choice modeling.
NLOGIT :
NLOGIT is an extension of
LIMDEP that provides programs for estimation, model simulation and analysis of
multinomial choice data, such as brand choice, transportation mode, and all
manner of survey and market data in which consumers choose among a set of competing
alternatives. NLOGIT has become the premier package for estimation and
simulation of multinomial discrete choice models.
SHAZAM :
Shazam is
easy-to-use, comprehensive programmable software package for econometrics. The
primary strength of Shazam lies in the estimation & testing of many
types of regression models.
Quality – Six
Sigma & CMMI :-
Sigma XL:
A powerful but
easy to use Excel Add-In, that will enable you to Measure, Analyze, Improve,
and Control your service, transactional, and manufacturing processes.
This is the perfect tool for Six Sigma® Green Belts, Black Belts, Quality and
Business Professionals, Engineers, and Managers. SigmaXL is a fraction of the
cost of any major statistical product, yet it has all the functionality most professionals
need.
JMP:
Discover Dynamic Data
Visualization. Discover Things You Never Expected. Statistical
discovery software that’s fast, powerful and totally interactive.
Contact:
Binary Semantics Limited,
Plot No. 38, Electronics City
Sector 18, Gurgaon-122015, Haryana, India.
Phone: +91.124.4787200/2397660
Fax: +91.124.2397655
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