Information Builders, a provider of business intelligence (BI) systems, has released a new version of WebFOCUS RStat, an integrated BI platform that enables users to create predictive applications.
According to Information Builders, the WebFOCUS RStat 1.2 includes features such as, survival analysis that is included as an additional statistical modeling technique and scoring routine with both COX regression and Kaplan-Mayer; library of scoring routines; expanded new charts that are relevant for survival analysis; and additional testing capabilities.
RStat becomes a tool for both data mining as well as for standard statistical analysis. Traditional hypothesis testing methods, such as T and F tests, have also been added, the company said.
By integrating RStat software, an open-source statistical library product, with Developer Studio, the company enables data miners and BI developers to work together on the same platform to access and analyse data and develop predictive models as needed across the organisation.
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Gerald Cohen, CEO and founder of Information Builders, said: We’re constantly evaluating ways to make our customers more competitive and keep them at the forefront of their industries by being innovative in their use of BI. Integrating RStat into our Developer Studio product enables new and existing customers to quickly begin taking advantage of the power of predictive analytics.
