| Topic |
Classic tools, provided by predictive analytics vendors |
ClearPredictions.com online platform |
| Expertise? |
Requires professional services of statisticians, data scientists, developers and BI experts for data management, automation and modeling. |
No statistical knowledge required, only common sense. Just use it! |
| IT involvement? |
Dependent of IT planning. Installation and setup procedures, strong licensing bounds and ties. |
No IT involvement. SaaS based, secure, immediate results, simple licensing, no strings attached. |
| Time required to develop models and start predicting? |
Weeks to months. |
Hours to days. |
| Quality of predictions? |
Accurate. But often only one machine learning algorithm used. |
Accurate. 8 different machine learning algorithms are deployed, best performing one in your specific situation is used during predictions. |
| Handling changing data or updated business requirements? |
Requires re-development. |
Version bound configuration. |
| User Interface? |
Requires training and statistical-analytical know-how |
Every business manager can use it! |