What is Analytica?

BI tools offer stunning dashboards and reports that enable users to identify trends within historical data, which can yield valuable insights but lacks prescriptive capabilities. To truly understand potential outcomes in atypical scenarios and how to navigate them, model-driven decision-making becomes essential. Analytica stands out as a cutting-edge visual software platform that facilitates the creation, exploration, and sharing of quantitative decision models that yield prescriptive outcomes. It allows users to move beyond the limitations of traditional spreadsheets. The remarkable flexibility, power, and clarity of Analytica are transformative. With Analytica, building transparent models is significantly faster compared to using procedural programming languages like R or Python. It focuses on providing insights that extend beyond mere numerical data. By employing agile modeling techniques, businesses can develop models that enhance their decision-making processes. Additionally, probabilistic simulations within Analytica effectively and accurately gauge risk and uncertainty, while intelligent sensitivity analysis highlights the critical factors and their significance. Ultimately, this software empowers organizations to make informed decisions with confidence.

Pricing

Free Version:
Free Version available.

Integrations

No integrations listed.

Screenshots and Video

Company Facts

Company Name:
Lumina Decision Systems
Date Founded:
1991
Company Location:
United States
Company Website:
analytica.com
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Product Details

Deployment
Windows
Training Options
Documentation Hub
Online Training
Webinars
On-Site Training
Support
Standard Support
Web-Based Support

Product Details

Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Government
Startup
Supported Languages
English

Analytica Categories and Features

Statistical Analysis Software

Analytics
Association Discovery
Compliance Tracking
File Management
File Storage
Forecasting
Multivariate Analysis
Regression Analysis
Statistical Process Control
Statistical Simulation
Survival Analysis
Time Series
Visualization

Risk Management Software

Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment

Decision Support Software

Application Development
Budgeting & Forecasting
Data Analysis
Decision Tree Analysis
Monte Carlo Simulation
Performance Metrics
Rules-Based Workflow
Sensitivity Analysis
Thematic Mapping
Version Control

More Analytica Categories

Analytica Customer Reviews

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  • Reviewer Name: Paul D.
    Position: Professor (and retired Senior Principal Researcher at RAND)
    Has used product for: 2+ Years
    Uses the product: Weekly
    Org Size (# of Employees): 1,000 - 4,999
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Unique Features

    Date: Jul 23 2022
    Summary

    Analytica is very powerful. It's not for everyone, but should be viewed seriously for those interested in comprehensibility, uncertainty analysis, and other elements of analysis.

    It is well suited for quick learning and relatively simple modeling, or for much more complicated modeling, but the latter has some steep learning curves and is not for the tyro. Professional programmers may prefer writing in their personal favorite lower-level languages.

    Positive

    Influence diagrams often capture the essence of models. They can be readily communicated or shared. The insights are often more valid than any particular computational results.

    Even complex systems can often be represented comprehensibly with array mathematics. Analytica's declarative programming and array mathematics make it possible for the program to be structurally very similar to the underlying conceptual model. This improves the ability to review and test models, to communicate them, to maintain them, and to share and re-use them.

    The same features mean that a model can be used from the outset for broad n-dimensional parametric uncertainty analysis ("exploratory analysis under deep uncertainty), which would otherwise require a good deal of programming that tends to be deferred and--often--never finished. Such uncertainty analysis is a core element of modern policy analysis for systems in which many things are deeply uncertain and so-called best-estimate point calculations are of dubious value. Analytica also has excellent built-in features for probabilistic modeling and Monte Carlo calculations.

    Analytica can be used for many types of modeling, including time-stepped simulation and MIT-style System Dynamics. It can be used for logic models and qualitative models.

    Negative

    Analytica is not an "agent-based language." Nor is it suitable for discrete-event simulation. Its less expensive Its lower-cost "Pro" version does not incorporate optimization such as Excel's Solver (the advanced versions of Analytica do). Although it supports statistical analysis, Analytica is not polished for such work. Nor is its graphics package as powerful as specialized systems such as Tableau.

    Currently, Analytica does not play easily with modules written in Python, R, etc. Also, only the more expensive versions of Analytica allow Analytica models to be used as submodes within much bigger models that might include, e.g., agents, system dynamics, and discrete-event simulation.

    Analytica does not have built-in features for configuration control, validation and verification, etc.

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