The selection of an analytics tool is a critical decision for any company. The right tool will make it easier to leverage analytics, which in turn will help in achieving business success. The wrong tool, however could hinder progress. This article compares the best 15 data analytics tools to help businesses select the best solution for their requirements.
A robust product analytics platform can provide a range of features that range from data collection, integration and reporting, to unification of analysis and reporting. It can also support both mobile and web-based platforms. It may include advanced functionality such as cohort analysis and the ability to track and monitor metrics like feature usage retention, churn, and feature usage.
It comes with a simple, user-friendly interface that is suitable for both novice and expert data analysts. It supports a broad range of popular data sources as well as a number popular algorithms, including K-nearest Neighbor, random forests, Naive Bayes classification, and support vector machines.
Microsoft Excel is another popular choice for data manipulation and reporting. It offers a user-friendly, color-coordinated interface to manipulate data and display. It’s a great alternative to more sophisticated programs like Python or SQL which are typically used for machine learning and modeling of data.
When selecting a data analytics tool, be aware of the magnitude of your company’s needs in analytics and its current and future growth. A flexible http://www.softwarehall.com/what-is-docusign-transaction-rooms/ solution that can accommodate your company’s ever-changing requirements for data and analytics will save time and cost over the long haul. It is recommended to select a solution that offers a free trial or a license with a flexible duration so that you can test the capabilities of the software and determine whether it is suited to your company’s requirements prior to making a commitment.