from DSSResources.comSPSS receives Frost & Sullivan award for Industry Innovation and Advancement in Predictive AnalyticsPALO ALTO, Calif., April 13, 2006 -- Frost & Sullivan has selected SPSS Inc. (Nasdaq: SPSS), as the recipient of the 2006 Industry Innovation & Advancement Award for Predictive Analytics in North America. Driving the fast-emerging predictive analytics market has been the increasing orientation of organizations to formulate their growth initiatives using scientific approaches, which helps SPSS provide strategic value with its predictive analytics solutions. Recently, SPSS released a significantly enhanced version of its flagship software package, SPSS 14.0. This version has improved functionality such as enhanced data management, reporting, data validation, powerful forecasting, extended programming, and expanded structural equation modeling capabilities. "Moving from siloed concentration of SPSS applications in individual departments, SPSS 14.0 extended the high-impact predictive analytics functionality from the desktop environment to an enterprise-level platform," says Arun Ranganath, Frost & Sullivan Industry Analyst. "The expanded scope of SPSS 14.0 catapulted SPSS into the enterprise-class, reaching out to a larger base of users and meeting higher volumes of business requirements." Meanwhile, SPSS Predictive Claims, a real-time predictive analytics solution for the insurance industry, helped address the multiple needs of insurance firms such as identification of insurance claims that qualify for approval, claims that are risky or potentially fraudulent and creation of flags for further investigation. Easy integration with existing claims management solutions helped insurance firms realize quicker deployment and higher effectiveness in operations. The market research industry benefited from SPSS' launch of Dimension 3.0, a new scripting language. This technologically superior language enables users to continue their current work practices while simultaneously creating new opportunities to create new surveys that improve the overall respondent experience. These initiatives helped SPSS penetrate deeper into its installed base and uncover incremental growth opportunities. SPSS also unveiled Clementine 9.0 to enhance Oracle database 10g's predictive modeling capabilities. This collaboration provided complementary usage of the Clementine interface to score models within the complex Oracle predictive modeling component, thus aiding higher efficiency and productivity. The association with Oracle strengthened SPSS' position in the predictive analytics space, with opportunities to cross-sell and up-sell to an established base of Oracle database customers. SPSS has also partnered with Language Weaver, a vendor offering statistical machine translation software, to provide government agencies with translation capabilities to meet the increasing volume of foreign language interactions. The statistical machine translation software operates in tandem with SPSS' linguistics-based text-mining applications and provides a comprehensive government intelligence solution, thus enabling government agencies to screen and analyze documents automatically. "Unlike traditional customer analysis that involves analysis of descriptive and behavioral data, SPSS solutions offer interaction and attitudinal data that provide comprehensive analytics," notes Arun Ranganath. "At its core lies its ability to generate actionable tasks to arrest discrepancies between knowledge and execution gaps, which are critical for the success of an analytics solution." SPSS solutions are not only useful for eliciting critical information from data assets, but can also offer deep insights and leverage enhanced functionality to forecast outcomes. The data mining functionality provides a unified customer view, which in turn creates avenues for decision optimization for cross-sell and up-sell opportunities, eventually tapping the right resources within the organization to reduce the gaps identified. Robust functionality targeted enterprise-level positioning, significant penetration into various customer segments, strong integration capabilities and far- reaching new product launches reinforced SPSS' position in the predictive analytics market. Each year, this Award is given to a company that has proven to be a leader in the industry and through its pioneering technology, sound business strategy, and research efforts, has been successful in moving the industry forward. Its excellence in the field has extended beyond its technical advancements and includes a comprehensive view of market participants, resulting in continuous improvement in the industry. About SPSS Inc. SPSS Inc. (Nasdaq: SPSS) is a leading worldwide provider of predictive analytics software and solutions. The company's predictive analytics technology connects data to effective strategic action by drawing reliable conclusions about current conditions and critical future events. More than 250,000 commercial, academic, and public sector customers rely on SPSS technology to help increase revenue, reduce costs, improve important processes, and detect and prevent fraud. More than 95 percent of the Fortune 1000 companies are SPSS customers. Founded in 1968, SPSS is headquartered in Chicago, Illinois. For additional information, please visit http://www.spss.com . About Frost & Sullivan Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.awards.frost.com or http://www.enterprise.frost.com .
Contact: Stacie Jones 210.247.2450 Stacie.jones@frost.com |