Prescriptive Analytics Software

Get the best prescriptive analytics software for your business. Compare product reviews, pricing below. Read our buyer’s guide for more help.

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AIMMS Platform Screenshot
The AIMMS Platform is a packaged software made for supply chain, operational research, and analytics professionals. The cloud platform is the fastest and simplest way to manage your custom apps. Create custom solutions to handle your specific strategic or…
Client OS
Web
Deployment
Cloud or On-Premises
RapidMiner Platform Screenshot
The RapidMiner Platform unifies the entire data science lifecycle from data prep to machine learning to predictive model operations. Built for analytics teams, this software now offers a complete path to fully automated data science with Turbo Prep, Auto…
Starting Price
$7,500/year/user
Client OS
Mac, Web, Windows
Deployment
Cloud or On-Premises
Sisense Screenshot
Sisense is a business analytics platform that cleans your data, provides interactive visual analytics, and delivers insights. Sisense provides customized dashboards based on your industry. The solution can grab data from multiple sources, providing a…
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Starting Price
$4,200/user (perpetual license)
Client OS
Web, Windows
Deployment
Cloud or On-Premises
Birst BI Screenshot
Birst is a cloud-based business intelligence platform that enables businesses to analyze, explore, and visualize big data. It is designed to be a native cloud application and hence comes with low TCO in both public and private cloud or on-premise via an…
Client OS
Web, Windows
Deployment
Cloud or On-Premises
KNIME Analytics Platform Screenshot
KNIME Analytics Platform is a software for making better business decisions. This open source system is intuitive, open, and continuously integrating new developments in order to best create data science. With KNIME, it is easy to understand data and…
Client OS
Web
Deployment
Cloud Hosted
Talend Data Fabric Screenshot
Talend Data Fabric
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Talend Data Fabric is a suite of cloud services designed to efficiently handle all your integration and integrity challenges. Collect, govern, transform, and share your data in real-time. The platform is available on-premises or in the cloud, any source…
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Mac, Web, Windows
Deployment
Cloud or On-Premises
Looker Screenshot
Looker is a business intelligence and big data software that harnesses the power of SQL to create powerful data analytics. Looker helps companies get value from their data and gives a 360 view of their customers. Looker provides a unified view of the…
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Starting Price
$300/month/user
Client OS
Windows
Deployment
Cloud Hosted
Tableau Screenshot
Tableau
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Tableau is business intelligence software that allows anyone to connect to data in a few clicks, then visualize and create interactive, sharable dashboards with a few more. It’s easy enough that any Excel user can learn it, but powerful enough to satisfy…
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Starting Price
$70/month/user
Client OS
Web, Windows
Deployment
Cloud or On-Premises
IBM Cognos Screenshot
IBM Cognos Analytics software provides personalized analytics driven by artificial intelligence (AI). It enables organizations to become top-performing and analytics-driven entities. From business intelligence to financial performance and strategy…
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Starting Price
$70/month/user
Client OS
Windows, Linux, iOS, Android
Deployment
Cloud or On-Premises
Alteryx APA Screenshot
Alteryx APA
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The Alteryx Analytic Porcess AUtomation (APA) platform unifies analytics, data science, and process automation for businesses. This software delivers end-to-end automation of analytics, machine learning, and data science processes; enabling the agility…
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Starting Price
$5,195/year/user
Client OS
Mac, Web, Windows
Deployment
Cloud or On-Premises
IBM Planning Analytics Screenshot
When it comes to cloud planning and analytics, don’t compromise. IBM Planning Analytics goes beyond simply automating your planning, budgeting and forecasting processes. It provides self-service analytics to all of your business users through an…
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Starting Price
$867/month
Client OS
Mac, Web, Windows
Deployment
Cloud Hosted
SAP Analytics Cloud Screenshot
SAP Analytics Cloud (formerly SAP BusinessObjects Cloud) combines all analytics capabilities—including planning, predictive analytics, and business intelligence (BI)—in a single SaaS solution. Take advantage of a modern, intuitive user experience—and save…
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Starting Price
$23/month/user
Client OS
Web, iOS
Deployment
Cloud Hosted
Anaconda Data Science Platform Screenshot
The Anaconda Data Science Platform uses data science technology to influence human sensemaking. This software brings together millions of data science practitioners, data-driven enterprises, and the open source community. Anaconda was built by data…
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Starting Price
$10,000/year
Client OS
Web
Deployment
Cloud Hosted
MicroStrategy Analytics Screenshot
MicroStrategy Analytics
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Empower everyone with analytics from MicroStrategy. Use this platform to transform your business into an Intelligent Enterprise by instantly delivering personalized reports to thousands of users with self-service analytics. MicroStrategy provides the…
Client OS
Mac, Web, Windows
Deployment
Cloud or On-Premises
Logi Analytics Screenshot
Logi Analytics
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Logi Analytics helps your business build, deploy, enhance, maintain, and scale your application with the most intuitive, developer-grade embedded analytics available. Logi is dedicated to helping software teams embed cutting-edge analytics that engage…
Client OS
Mac, Web, Windows, iOS, Android
Deployment
Cloud or On-Premises

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Prescriptive Analytics Software Buyer’s Guide

Prescriptive analytics is a specific type of business analytics which focuses on using data science to determine the best possible long-term and short-term outcomes of future decisions.

What is Prescriptive Analytics Software?

Prescriptive analytics software is designed to help companies make the best possible business decisions by reviewing historical data to calculate all potential risks and rewards. The software uses complex algorithms to mathematically determine the actionable insights which would most benefit your business moving forward.

Prescriptive analytics software blends different analytical phases into one solution:

  • Descriptive analytics: Categorize big data sets into observable groupings for easier studies of your current business assets and procedures
  • Predictive analytics: Predict future behavior based on specific data models gathered from the descriptive phase

Often used with business intelligence (BI) tools, this software helps companies plan for the future by analyzing historical data of the past using the latest machine learning. The end goal of this data analytics is to improve long-term decision making in areas which cannot afford human error.

Features of Prescriptive Analytics Software

  • Artificial intelligence (AI) and machine learning: Advanced machine learning predicts the best decisions for your company to make
  • Resource analysis: Know which resources are available at all times and how they can be best utilized moving forward
  • Statistical and predictive modeling: Create different predictive models to predict decision making results in the near-term and long-term future
  • Real-time scenarios: Generate performance models based on data gathered from real-time sources
  • Data management: Set data sources to account for all your business variables
  • Historical data measurement: Analyze different types of historical data to use in making predictions
AIMMS Platform
Review data sets with AIMMS Platform.

Prescriptive Analytics Software Benefits

There are many incredible benefits to implementing a prescriptive analytics software at your company:

Make Better Business Decisions

The primary benefit of prescriptive analytics software is to help your company make better business decisions by using machine learning to gather in-depth data analysis. AI algorithms continuously learn about your company in order to determine the right steps to avoid risk and encourage growth.

For example, prescriptive analytics software can determine multiple courses of action based on a single event. This allows you to review all the potential consequences of your decision before you make it. Understanding all the possible risks and rewards gives you better insight into protecting your business and giving you a competitive edge.

RapidMiner Platform
RapidMiner Platform models help you predict future developments.

Prepare for the Short and Long-Term

Predicting the future is hard, but analytical software certainly helps. Prescriptive analytics helps businesses prepare for the future by reviewing data from the past. Knowing how your business has operated before provides valuable insights into what decisions will work best for continued success.

Of course, certain near-term decisions can have long-lasting impacts. With prescriptive analytics software, you can build out custom models to study the short and long-term probability of different events.

Reduce Human Error

Every business decision you encounter involves some level of risk. Involving human employees in the decision making process increases the chances of mistakes occurring. Even the best data scientists need assistance when reviewing advanced analytics. Prescriptive analytics software aims to minimize these preventable mistakes through its algorithms. The result of machine-based decision making is fewer human errors.

For example, human behavior is incredibly hard to predict. A truck driver taking an extra day off can cause a ripple effect along the supply chain they serve. An algorithm can review all sorts of variables, like vacation schedules, to provide the most likely scenarios to avoid disruptions, whereas a human worker may overlook these important factors before making a decision. Determine the best course of action by using the best data available.

Additionally, prescriptive analytics software protects your company from worst-case scenarios by creating plans for these events. The analytics platform can review all sorts of situations which influence your business processes, from small scale disruptions to global events. Analyze the possible outcomes to find the best solutions.

How is Prescriptive Analytics Different from Predictive Analytics?

As mentioned above, predictive analytics is one of the phases of prescriptive analytics. A standalone predictive analytics software can be used in some situations. For example, if you only need short-term analysis. Meanwhile, a prescriptive analytics solution will include predictive analytics tools, rendering it the more complete software for businesses. However, predictive analytics software is often used as a standalone system within certain contexts, such as smaller companies which only need short-term results.

Additionally, predictive analytics software is aimed more at near-term results. Prescriptive analytics solutions, which are more encompassing in scope, are aimed at balancing long-term and short-term predictions to provide your company with better decision making over time.

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