Hamilton, New Zealand (PRWEB) July 04, 2012
11Ants Analytics today launched 11Ants Predictor for Teradata, a break-through solution which transforms Teradata into a forward-looking predictive analytics solution, in hours. 11Ants Predictor leverages an organization’s considerable investment in data warehouses by transforming the data warehouse from a backward looking analytics tool to an ‘intelligent’ competitive tool to predict customer behaviour.
11Ants Analytics newest solution provides Teradata customers with access to the world of real time predictive analytics within hours, rather than weeks or months, due to its simple deployment. Users can connect to Teradata within minutes, after downloading and activating the software, and immediately begin scoring customers at the rate of several thousand per second.
Tom Fuyala, Director, Business Development, 11Ants Analytics says, “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.”
11Ants Predictor for Teradata is a high speed scoring engine for deploying predictive models to Teradata enterprise databases. It enables users to deploy predictive models built with 11Ants Analytics desktop modeling tools – 11Ants Customer Churn Analyzer, 11Ants Customer Response Analyzer and 11Ants Model Builder. These tools allow the rapid building of propensity models, such as churn propensity models and response propensity models.
The first pilot customer for 11Ants Predictor for Teradata is a global 20 bank.
Using 11Ants Predictor organisations can predict how customers are likely to behave in the future. Armed with this knowledge the data warehouse can be populated with unique Next Best Offers for every individual customer. For example, a bank can predict which customers are most likely to need an additional credit card, a home loan or life insurance.
Fuyala says, “An organization that can automate the acquisition of this knowledge, augment their data warehouse with it and then run business tactics in parallel with it, is clearly in a different league than one which cannot. Increasing relevance and really understanding what is most useful to a customer will increase the value of a company to them. This also creates the opportunity to increase revenue by putting more relevant offers to customers via the organizations regular touch-points.”
According to Fuyala, the experience of many companies, even extremely large ones, is that as the ROI on predictive analytics investment is not always readily apparent as it’s often not available on day-one and rather it develops over a period of time.
“Many organizations stall in their plans to progress with traditional predictive analytics implementations at the business case stage due to the up-front investment for software licensing, integration and specialist staff to utilize the software.
“Companies that value simplicity and rapid deployment, without the big price tag, find 11Ants Analytics solutions very compelling. Traditional complex and expensive installation paradigms often result in companies favoring doing nothing. Our solutions remove the barriers and make it easier for sponsoring executives to begin deploying predictive analytics at low cost, providing them the window to readily demonstrate an ROI without major investment,” he says.
11Ants Predictor is also available for other enterprise databases such as Microsoft SQL Server, MySQL, Oracle, and SAND. All 11Ants Analytics’ solutions involve leading edge proprietary predictive analytics technologies.
11Ants Analytics clients, located across the globe, range from medium sized businesses to Fortune 500 companies. Clients span a diverse range of sectors including telecommunications, hi-tech manufacturing, agribusiness, e-commerce, travel, pharmaceutical, credit control, banking, food and beverage, and retailing.
For more information visit http://www.11antsanalytics.com