July 27, 2012–Now that analytics is becoming commonplace in enterprises of all sizes and all industries providers are upping the ante by making other analytics related services available to the masses. Once only a dream to most companies real time analytics and predictive analytics are becoming increasingly affordable and offered by more providers. The Digital Journal article, “11Ants Analytics launches 11Ants Predictor for Teradata”, announces one company’s latest predictive analytics offering.
Business Development Director at 11Ants Analytics, Tom Fuyala, was quoted as saying:
“Now we have provided a way for Teradata shops all over the world to play in the Predictive Analytics 2.0 space of advanced predictive analytics that is affordable, can be rapidly implemented and has minimal risk for the sponsoring executive. Organisations wanting to start, or build on, their predictive analytics competencies don’t have to invest the hundreds of thousands to millions of dollars demanded by the traditional vendors. Our approach is a real paradigm shift as the installation processes is orders of magnitude simpler than the complex, expensive and time consuming integration projects users may have become accustomed to.”
The paradigm shift of which Fuyala speaks is not unique. Data analytics providers around the world are noticing that as more industries are learning of the advantages of analytics the needs and demands are shifting. Predictive analytics available in real time or close to it are one of the fastest growing sub-specialties in the analytics field as more and more companies realize the inherent power contained within. We expect to see more services like 11Ants’ in the future as more analytics providers answer the desperate call of enterprises just jumping on board the analytics train.