Aliso Viejo, CA . September 13, 2010 .
Predixion Software today launched its company and introduced Predixion Insight™ for ExcelR© and PowerPivot, a low-cost, self-service in the cloud predictive analytics solution that is fully integrated with Microsoft’s business intelligence (BI) platform. Predixion Insight enables organizations to use and analyze large amounts of data to make actionable decisions, all within the familiar environment of Microsoft Excel®, PowerPivot and SharePoint®. For a limited time, a seven-day free trial of Predixion Insight is available
here.
Predixion Insight, the company’s flagship cloud service, is the only predictive analytics solution available today with native integration to PowerPivot, Microsoft’s in memory data analysis tool. Users can run predictive models against PowerPivot data and publish the interactive results back into PowerPivot and SharePoint. Predixion’s self-service predictive analytics solutions also integrate seamlessly with Excel 2007/2010 (32 and 64 bit). Predixion Insight provides organizations with the predictive power they crave and enables users to easily create, manage and run powerful and accurate predictive models without extensive training or specific knowledge of the methodologies currently required to create successful predictive projects.
“Many businesses have ambitions to use predictive analytics to improve their practices and intelligence, but until now, such projects have often been shelved because current tools were either too difficult or limited to the desktop,” said Donald Farmer, Microsoft Principal Program Manager, SQL Server Business Intelligence. “Now, we see an alternative- Predixion Software. Predixion Insight’s deep integration with Microsoft PowerPivot for Excel ensures powerful data handling and unparalleled ease of use- while Predixion’s cloud service makes experimentation easy and low risk for even the most conservative IT departments. The result is a truly agile, yet potent, solution for predictive analytics,” Farmer said.
Market Basket Analysis on 10 Million Retail Transactions
Pivotstream LLC, a consulting and software as a service (SaaS) analytics firm specializing in retail, consumer packaged goods and pharmaceutical industries, applies PowerPivot directly as a core component of the Pivotstream platform and product line. “At Pivotstream, our job is to turn massive volumes of clients raw data into concise, actionable insight, and on extremely short lead times,”said CTO Rob Collie.
According to Collie, Pivotstream recently utilized Predixion Insight to perform a market basket analysis on 10 million retail transaction records, representing a full week of transactions for a very large drugstore chain. “Installing Predixion Insight and accessing the cloud servers was quick and easy,” Collie said. “The data uploaded in about a minute, and we were immediately looking through a report of products that were commonly purchased together in that timeframe. Some of the associations were quite surprising to say the least, and we are going to be working through those with our client in the coming weeks. We have just scratched the surface of what Predixion Insight can do for our clients and us.”
Key features of Predixion Insight include:
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Data preparation tools, including easy[to]use wizards that guide users through uploading data from Excel or PowerPivot, data exploration and preparation, data cleansing and data sampling.
- Comprehensive model building wizards that enable users to build, run, script and share a wide variety of models.
- Model tuning capabilities with just a few clicks of the mouse.
- Management tools that allow information workers to manage, store, change and run predictive models in the cloud with their own data, all from a familiar, easy to use spreadsheet interface.
- Ability to query data predictively including analyzing key influencers, forecasting, shopping basket
- analysis and more. Users simply select their input data and cloud processing enables multiple functions to run at once.
“Gone are the days where software as a service (SaaS) applications were unable to handle complex and large workloads which previously slowed its widespread adoption,” said Shawn Rogers, Vice President of Research, Business Intelligence and Data Warehousing, Enterprise Management Associates. “Predixion Insight provides a sophisticated level of predictive analytics functionality and has an elegant method for integrating data in the cloud so it can be fully leveraged. In addition, its plug-and-play integration with Excel and PowerPivot provides the company with a built-in community of organizations to market to,” Rogers said.
“Self-service predictive analytics in the cloud means that complex, expensive predictive workbenches are a thing of the past for anyone wanting to bring the power of predictive analytics into strategic and
operational decision making,” said Predixion Software co-founder and CEO Simon Arkell. “Predixion Insight breaks down the cost and complexity barriers to predictive analytics by providing easy to use, self-service predictive analytics functionality- all within the familiar interface of Microsoft Excel.”
Predixion Partnering with Neudesic
Predixion also announced a strategic partnership with Neudesic, a Microsoft National Systems Integrator and Gold Certified Partner with a proven track record of providing reliable, effective solutions based on Microsoft’s technology platform. Neudesic is currently engaged with several healthcare and financial services companies where Predixion Insight is being evaluated.
Pricing and Availability
Predixion Insight for Excel and PowerPivot has completed an extensive beta program with more than 100 participants and is available immediately. Pricing for Predixion Insight starts at $99 per user per month.
About Predixion Software
Founded in 2009, Predixion Software develops and markets predictive analytics solutions fully integrated with Microsoftfs BI platform- which has the largest install base across the business intelligence landscape. Predixion enables self[service predictive analytics allowing customers to use and analyze large amounts of data to make actionable decisions, all within the familiar environment of Excel and PowerPivot. Predixion customers are achieving immediate results across a multitude of industries including: retail, finance, healthcare, marketing, telecommunications and insurance/risk management.
Predixion Software is headquartered in Aliso Viejo, California with development offices in Redmond,
Washington. The company has venture capital backing from established investors including DFJ Frontier and Miramar Venture Partners. For more information please contact us at (949) 330-6540, or visit us at
www.predixionsoftware.com]