The addition of predictive analytics enhances capabilities & enables enterprises to identify and act on future risks and opportunities in terms of revenue, resources, output and more
Software AG has added pre-built high-performance, Big Data Predictive Analytics solutions to its Digital Business Platform that make it easier and faster for enterprises across industries like retail, manufacturing, financial services, telecommunications, utilities, and hospitality to expose, anticipate, and act on critical business insights.
Wolfram Jost, chief technology officer, Software AG, said: “The ability to predict what is likely to happen next is essential to satisfying customers, improving operations, and beating the competition. Predictive analytics uses patterns found in historical and real-time data to indicate what is ahead.”
Software AG has embedded Zementis ADAPA (Adaptive Decision and Predictive Analytics) into the Apama Streaming Analytics platform to offer enterprises a comprehensive ‘one stop shop’ for business insight and analytics. Michael Zeller, chief executive officer, Zementis, noted: “The demand for predictive analytics is exploding. The reality is that businesses employing predictive analytics will be in a better position to support their customers than those without predictive analytics. It’s a tremendous competitive edge.”
The Digital Business Platform and its newly added predictive analytics capability can support numerous applications, including predictive maintenance, smart metering and manufacturing, supply chain optimization, fraud detection and a number of Internet of Things and ‘connected customer’ marketing use cases.
New technologies such as in-memory processing, streaming analytics, cloud computing, Internet of Things and Big Data coupled with faster and cheaper computing platforms and sensors are all contributing to making predictive analytics more easily attainable to help enterprises modernize their analytics capabilities.
