SOURCE: RapidMiner

RapidMiner

November 21, 2013 09:38 ET

RapidMiner v6.0 Makes Predictive Analytics More Accessible to All

Application Wizards Jumpstart Self-Service Predictive Analytics Processes

BOSTON, MA--(Marketwired - Nov 21, 2013) - RapidMiner, formerly known as Rapid-I, the de-facto industry standard for predictive analytics built on an open stack, today released version 6.0 of its application. The primary focus in RapidMiner v6.0 is the addition of application wizards, a new class of feature designed to make the power of predictive analytics accessible to everyone, particularly business managers and business analysts. RapidMiner v6.0 provides four specific application wizards to start, including:

  • Churn reduction
  • Direct marketing
  • Sentiment analysis
  • Predictive maintenance

More applications will be added soon.

"RapidMiner v6.0 delivers the first value to business managers and analysts within five minutes of installation," said Ingo Mierswa, co-founder and CEO of RapidMiner. "The new application wizards put the power of predictive analytics into the hands of the users who best understand the business context and have the ability to act upon this knowledge.

"Application wizards provide a path to self-service predictive analytics for business managers and business analysts -- no programming required. RapidMiner quickly delivers insight into the data and guidance around the best display of the results. With RapidMiner v6.0, business users can engage and execute immediately," Mierswa continued.

-- Additional Features and Functionality Address Needs of Business Analysts --

RapidMiner v6.0 also includes revised visualization management and display creation, as well as new views for data statistics and results.

Now users can find the best option for their data visualization needs among the thumbnail displays RapidMiner offers. RapidMiner produces a selection of charts and visualizations automatically, choosing the most appropriate settings based on data properties. Anyone can produce professional-looking data visualizations in minutes.

An improved results view is designed especially for business analysts. Results are displayed in multiple formats. For example, a data set can be visualized as a table or as a statistical overview. A model can be displayed in interactive mode (for exploration) or in a textual mode (for saving or integration). The different views can now be easily identified, and users know in advance what they can expect from each view.

The new statistics view allows users to sort and filter the most important statistics for their data for a quick, high-level overview. Business analysts can then drill down and produce full statistics for each column, distribution charts and additional advanced information. Color-coding makes it easier to find the predicted values or confidences for predictions out of very large data sets.

RapidMiner offers operational dashboards, metrics and performance reports in a single, easy-to-use platform that seamlessly integrates with popular enterprise data sources. By providing a wide variety of rich descriptive and predictive models to give customers the insight to make profitable decisions, RapidMiner has turned predictive analytics into one of the most effective strategies to accelerate business growth. In RapidMiner v6.0, several new product tours and tutorials walk business users through the many predictive analytics options available to them.

RapidMiner includes an integrated Marketplace, which offers a variety of useful extensions published by independent developers. The addition of application wizards in RapidMiner v6.0 creates a new category of extensions, creating new opportunities for developers in the RapidMiner community at-large. It demonstrates the potential of a more user-friendly and business-oriented approach to predictive analytics.

Pricing and Availability

RapidMiner Studio v6.0 also offers new pricing options. 

  • Starter Edition, with access to one GB of memory, access to data from MS Excel and CSV files, is available for free download;
  • Personal Edition, with access to four GB of memory, access to most common data file types and open source databases, and support, is priced at $999;
  • Professional Edition, with access to eight GB of memory, access to the most common data files and databases, and support, priced at $2,999; and
  • Pricing for Enterprise Edition, with access to unlimited memory, access to all files and databases, (including HDFS, SAP, SAS, and SPSS), and full support, is available on request.

The same tiers also exist for RapidMiner Server v6.0, available now.

About RapidMiner
Pioneering advanced analytics vendor RapidMiner is redefining how business analysts use Big Data to predict the future. With an open source heritage, RapidMiner is one of today's most widely known and used predictive analytics platforms, providing powerful solutions for a wide variety of industries. For more information, visit www.rapidminer.com.

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