NASHUA, NH--(Marketwired - Aug 30, 2016) - Dresner Advisory Services today published its 2016 Advanced and Predictive Analytics Market Study, part of the Wisdom of Crowds® series of research. The third annual report examines evolving user perceptions and plans for advanced and predictive analytics software -- including statistics, modeling, machine learning, and data mining -- used to analyze facts and make predictions about future or otherwise unknown events.
Although adoption remains modest at 24 percent of organizations, ninety percent of all respondents attach at minimum some importance to advanced and predictive analytics. Within an organization, statisticians/data scientists, business intelligence (BI) experts, and business analysts are the greatest adopters of advanced and predictive analytics.
"We view advanced and predictive analytics as an essential part of any successful BI strategy," said Howard Dresner, founder and chief research officer at Dresner Advisory Services. "While users rank fundamental BI technologies such as reporting, dashboards, and end-user self service highest on our 2016 list of 30 technologies and initiatives currently under study, advanced and predictive analytics consistently makes the top third of priorities ahead of other topics including cloud, governance, and big data."
Top-ranked analytical features include regression models, clustering, textbook statistical functions, and geospatial analysis. Other areas addressed in the report include data preparation, usability, and scalability.
Wisdom of Crowds® research is based on data collected on usage and deployment trends, products, and vendors. Users in all roles and throughout all industries contributed to provide a complete view of realities, plans, and perceptions of the market. To purchase a copy of the 2016 Advanced and Predictive Market Study, visit www.predictiveanalyticsreport.com
About Dresner Advisory Services
Dresner Advisory Services was formed by Howard Dresner, an independent analyst, author, lecturer, and business adviser. Dresner Advisory Services, LLC focuses on creating and sharing thought leadership for Business Intelligence (BI) and related areas.