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New Predictive Analytics Tool Is First to Offer Scoring Routines for Survival Models
LONDON and NEW YORK, NY--(Marketwire - February 1, 2010) - Information Builders, the independent leader in pervasive business intelligence (BI) systems, today announced the release of WebFOCUS RStat 1.2, an integrated modern BI platform that enables employees at all levels to create predictive applications.
As RStat has become a general-purpose data mining and statistical tool that significantly reduces the "IT complexity" for non-statistically trained users, it appeals to a broad group of business analysts and operational employees alike. By enabling more employees to take advantage of a predictive solution and make better decisions, RStat provides greater business benefits at all levels of an organization.
RStat 1.2 dramatically lowers the cost of predictive analytics. By fully integrating RStat with WebFOCUS, customers benefit from significantly lower costs of mining projects simply by providing efficient access to data. Ninety percent of costs in statistical and mining projects are in data access and manipulation -- two activities that are easier with BI tools.
WebFOCUS RStat 1.2 includes several new features such as Survival analysis - included as an additional statistical modeling technique and scoring routine with both COX regression and Kaplan-Mayer. With RStat 1.2, Information Builders is the first to integrate scoring routines for survival models. Survival analysis is widely used in the pharmaceutical and healthcare industries to measure outcomes. In government, it's used for matching children with foster parents and in the manufacturing and engineering industries, it's used to model machine failure, maintenance, and replacement of parts.
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