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Statistical Analysis reviews by real, verified users. Find unbiased ratings on user satisfaction, features, and price based on the most reviews available anywhere.

Best Statistical Analysis Software for Medium-Sized Businesses

    Products classified in the overall Statistical Analysis category are similar in many regards and help companies of all sizes solve their business problems. However, medium-sized business features, pricing, setup, and installation differ from businesses of other sizes, which is why we match buyers to the right Medium-Sized Business Statistical Analysis to fit their needs. Compare product ratings based on reviews from enterprise users or connect with one of G2's buying advisors to find the right solutions within the Medium-Sized Business Statistical Analysis category.

    In addition to qualifying for inclusion in the Statistical Analysis Software category, to qualify for inclusion in the Medium-Sized Business Statistical Analysis Software category, a product must have at least 10 reviews left by a reviewer from a medium-sized business.

    Top 10 Statistical Analysis Software for Medium-Sized Businesses

    • SPSS Statistics
    • RStudio
    • eviews
    • SAS/STAT
    • Stata
    • JMP
    • KNIME Analytics Platform
    • OriginPro
    • SAS Base
    • GraphPad Prism

    Compare Medium-Sized Business Statistical Analysis Software

    G2 takes pride in showing unbiased reviews on user satisfaction in our ratings and reports. We do not allow paid placements in any of our ratings, rankings, or reports. Learn about our scoring methodologies.
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    (721)4.2 out of 5
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    Entry Level Price:$99 USD per user per month

    IBM SPSS Statistics software is used by a variety of customers to solve industry-specific business issues to drive quality decision-making.  Advanced statistical procedures and visualization can provide a robust, user friendly and an integrated platform to understand your data and solve complex business and research problems •Addresses all facets of the analytical process from data preparation and management to analysis and reporting •Provides tailored functionality and customizable interfaces

    (504)4.5 out of 5

    The primary mission of RStudio is to build a sustainable open-source business that creates software for data science and statistical computing. You may have already heard of some of our work, such as the RStudio IDE, Rmarkdown, shiny, and many packages in the tidyverse. Our open source projects are supported by our commercial products that help teams of R users work together effectively, share computing resources, and publish their results to decision makers within the organization. We also bui

    (97)4.2 out of 5

    EViews offers academic researchers, corporations, government agencies, and students access to statistical, forecasting, and modeling tools through an object-oriented interface.

    (38)4.1 out of 5

    SAS/STAT includes exact techniques for small data sets, high-performance statistical modeling tools for large data tasks and modern methods for analyzing data with missing values.

    (136)4.3 out of 5

    Stata puts hundreds of statistical tools at your fingertips. For data management, statistical analysis, and publication-quality graphics, Stata has you covered.

    (73)4.4 out of 5

    JMP combines powerful statistics with dynamic graphics, in memory and on the desktop. Its interactive and visual paradigm enables JMP to reveal insights that are impossible to gain from raw tables of numbers or static graphs.

    (37)4.4 out of 5

    KNIME® is an open source data analytics, reporting and integration platform.

    (62)4.6 out of 5

    Origin is a user-friendly and easy-to-learn software application that provides data analysis and publication-quality graphing capabilities tailored to the needs of scientists and engineers. OriginPro offers extended analysis tools for Peak Fitting, Surface Fitting, Statistics, Signal Processing and Image Handling. Users can customize operations such as importing, graphing and analysis, all from the GUI. Graphs, analysis results and reports update automatically when data or parameters change. Thi

    (53)4.3 out of 5

    SAS Base is a programming language software that provides web-based programming interface; ready-to-use programs for data manipulation, information storage and retrieval, descriptive statistics and reporting; a centralized metadata repository; and a macro facility that reduces programming time and maintenance headaches.

    (40)4.6 out of 5

    Prism8 is the preferred analysis and graphing solution purpose-built for scientific research.

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    Check out the G2 Grid® for the top Statistical Analysis Software products. G2 scores products and sellers based on reviews gathered from our user community, as well as data aggregated from online sources and social networks. Together, these scores are mapped on our proprietary G2 Grid®, which you can use to compare products, streamline the buying process, and quickly identify the best products based on the experiences of your peers.
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    SPSS Statistics
    JMP
    RStudio
    KNIME Analytics Platform
    SAS Base
    Stata
    eviews
    SAS/STAT
    GraphPad Prism
    OriginPro
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    Learn More About Statistical Analysis Software

    What You Should Know About Statistical Analysis Software

    Enterprises have started to recognize the importance of accessing and combining all business-critical data to get a better understanding of how a company performs. Connecting disparate systems to make data consumable is a complex process, but once done, businesses are enabled to utilize statistical analytics solutions along with other data analysis techniques. This helps them visualize and interpret the data in an easily digestible manner. A business cannot transform into a digitally native enterprise until it uses its data to make intelligent decisions. These data-driven decisions provide an important edge and help separate a business from its competitors. Statistical analytics tools ultimately inform such data-driven decisions.

    Medium and large companies are facing unprecedented challenges when managing and analyzing data. Some of these challenges are the exponential growth of the volume of enterprise data and its increasing complexity caused by new technologies like social media and the internet of things (IoT). To address these challenges, companies need to gather and analyze large volumes of data, both structured and unstructured, from different sources. Companies need to find trends and patterns in historical data while identifying future opportunities and risks. They also cannot afford to spend a lot of time analyzing data which loses its relevance quickly. Advanced statistical procedures and visualization provide a robust, user-friendly, and integrated platform to understand business data and solve complex business and research problems.

    Key Benefits of Statistical Analysis Software

    • Allows businesses to ensure that data is analyzed properly and the results are conclusive and unbiased
    • Enables users to customize analysis to dig deep into the data and perform complex statistical analysis, such as regression, predictive analytics, and time series analysis
    • Gives users the ability to analyze cause and effect between variables

    Why Use Statistical Analysis Software?

    Irrespective of the type of complex data manipulation or analysis being performed, statistical analysis tools enable statisticians or business professionals to find correlation, regression, analysis of variance, and more with ease. These tools help identify duplicates and unusual cases that may arise during data cleaning and data curation and get detailed data analysis reports.

    Manage large volumes of data — Statistical analysis software gives one the ability to easily prepare, blend, and analyze company data using a repeatable workflow, then deploy and share analytics at scale for deeper insights.

    Gain insight into company data — Through data mining and statistical analysis, especially when coupled with other technology such as machine learning, data professionals are able to gain insights into data.

    Better understand potential outcomes and scenarios — With statistical analysis, especially of the predictive variety, businesses better understand how different variables will affect them and are able to plan accordingly.

    Who Uses Statistical Analysis Software?

    In the digital age, data is ubiquitous. Whether it is higher education or the healthcare industry, it is likely that a lot of data is involved. Statistical analysis software tools are typically used by data scientists and mathematicians, but it provides industry-specific features. These may be features tailored to scientific research, cost modeling, or health science.

    Higher education — Users from the higher education industry use statistical analysis tools to analyze data, obtain insights quickly, and find relevant trends in data.

    Research — Researchers turn to statistical analysis to solve tough research problems. They are able to use these tools to dig into their research findings and find historical trends. With statistical analysis software, market researchers are enabled to handle a large volume of data in multiple formats.

    Health care— For health care professionals, time isn’t just money—it also means the difference between life and death. These workers look to statistical tools to better understand their health-related data and to improve efficiencies in hospitals, manage and contain diseases, and much more.

    Kinds of Statistical Analysis Software

    Statistical analysis comes in many different flavors with each type being appropriate or beneficial for different use cases. Although the methods are many, the ultimate goal of analysis is broken into three types: descriptive, prescriptive, and predictive. Descriptive refers to analysis which simply looks at the data as it is, but does not refer or recommend any future outcome. Prescriptive refers to analysis which uses historical data to recommend a particular outcome. Finally, predictive refers to analysis which uses historical data to predict future data or outcomes. The following are methods that address these types of analysis.

    Regression analysis — This type of analysis allows for conducting various regression methods such as ordinary least squares (OLS), weighted least squares (WLS), or generalized linear model (GLM).

    Predictive analytics — Predictive analytics software mines and analyzes historical data patterns to predict future outcomes by extracting information from data sets to determine patterns and trends. Using a range of statistical analysis and algorithms, analysts use predictive analytics products to build decision models which business managers use to plan for the best possible outcome.

    Survival analysis — This type of analysis allows for the evaluation of durations, events, and reliability in relation to statistical analysis.

    Time series analysis — Allows users to identify patterns within massive, continuous time series data sets to perform reporting, forecasting, and predictive analysis.

    Bayesian analysis — This method of statistical inference allows one to combine prior information about a statistical parameter with evidence from information contained in a sample to guide the statistical inference process.

    Decision trees — One common type of classification model is a decision tree. These models predict a number of possible outcomes based on a variety of inputs. For example, if a sales team builds $1 million in pipeline, they can close $100,000 in revenue, but if they build $10 million in pipeline, they should be able to close $1 million in revenue.

    Statistical Analysis Software Features

    Statistical analysis tools allow users to mine and analyze structured or unstructured data. Through the process of analysis, data sets and visualizations are created from the compiled data.

    Data preparation — In order to analyze the data, it must be properly cleaned and should be of high quality. This preparation consists of deduplication, cleansing, and appending the data for statistical analysis. Not all analysis is achieved at the surface. Instead, robust statistical analysis tools mine data from databases and prepare it for analysis.

    Data sampling — Data sampling allows users to select samples of data for defined procedures.

    Statistical modeling — Statistical modeling involves creating a mathematical model that embodies a set of statistical assumptions concerning the creation of sample data which may be used to get a better idea about the makeup and distribution of the data.

    Hypothesis testing — Statistical analysis tools often provide hypothesis testing features to ensure the analysis is consistent with the data and correct based on predetermined factors. This helps the researcher, data scientist, or statistician evaluate the outcome based on their initial hypothesis.

    Data visualization — In addition to numerical inputs and outputs, statistical analysis software frequently allows the user to visualize results by means of graphs, charts, and reports. This not only helps the end user better understand them, but also aids with communicating these results with the broader company.

    Potential Issues with Statistical Analysis Software

    Lack of skilled employees — The main issue with adopting statistical analysis software is the need to have a skilled data professional to interact with the data and build the models. There is a distinct skill gap in terms of finding users who both understand how to pull data and build models and the implications that the data has on the overall business. For this reason, data experts are in very high demand and thus, expensive.

    Data organization — Organizing data in a way that is easily accessible is a challenge that many companies face. It is not easy in today’s world to harness big data sets that contain historical and real-time data. Companies often need to build a data warehouse or a data lake that combines all the disparate data sources for easy access. This again, requires highly knowledgeable employees.

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