JMP® is statistical analysis software with capabilities that span from data access to advanced statistical techniques, with click of a button sharing. The software is interactive and visual, and statistically deep enough to allow users to see and explore data.
$1,320
per year per user
Pecan.ai
Score 7.9 out of 10
N/A
Pecan is an automated AI-based predictive analytics platform that simplifies and speeds the process of building and deploying predictive models in various customer-related and operational use-cases, such as LTV, churn, NBO, risk, and segmentation. Pecan does not require any data preparation, engineering, or prepossessing - it connects directly toraw data, and uses neural networks to automate the entire predictive process. With Pecan, organizations can obtain and deploy AI models in days, without…
Many organizations have seen their analytical capabilities, and the results from them, plateau. Of these, we've observed, that most of them didn't appreciate that they could do (even) better. These companies should definitely consider JMP. Any company that is research-based can benefit from accelerating their research, learning more in less time, effort and cost, with JMP's tools. Basically, any organization that is hungry enough for improvement to seek out better ways is suitable for JMP. Those who are happy with their current performance are not likely to consider the changes, though they were not major impediments by our clients, required.
Pecan is something that few know and that I feel can represent a great utility for an entire company, to focus and prioritize all its products and services in favor of the right path, avoiding making mistakes and jumping directly to the solution of future problems before they happen. Pecan will allow you to always be one step ahead and improve your trading system quickly.
One of the main important characteristics is its ease of use and the intuitive nature of the platform. It is possible to carry out analyzes quickly and efficiently without requiring user experience. This positive point really gives us what we need for our work: optimization and automation.
The creation of reports and statistics allows us to fully visualize the analysis carried out, in order to develop our work and carry out the pertinent actions.
Segmentation allows us to prioritize potential customers, more focused marketing campaigns, highlight our services with what our public is really interested in.
I've mentioned this earlier, but the licensing agreements are very prohibitive. I work with a company where my role has become less and less doing my own analytics and more and more trying to help other people in that role. As we are bringing more people "up to speed" it's hard to justify licenses for 2-3 people when they aren't full time, Six Sigma black belts just looking at stats all day. A floating license option would make this a no-brainer, since these people could continue their other work and add JMP usage as they grow their skills, but this is not something JMP/SAS has offered.
The GUI interface makes it easier to generate plots and find statistics without having to write code. The JSL scripting is a bit of a steep learning curve but does give you more ability to customize your analysis. Overall, I would recommend JMP as a good product for overall usability.
The helpful tips are great for new users. I am always able to find solutions to a tool I am working with through the hep section. And my area has a users group that meets each quarter to share ideas and view upcoming JMP revisions.
We actually use both JMP and IBM SPSS, but I think JMP's complexity lends itself to more in-depth statistical analyses. SPSS is designed for that as well, but we tend to use it more for quicker analyses, and we have found that JMP is far more powerful.
I particularly believe that CrossEngage has some features that Pecan does not offer, such as A/B Testing, however, we were looking for a good predictor and analyst and the truth is that Pecan does its job very well.
JMP has resulted in literally millions of dollars in ROI due to identification of correctable errors.
Use of JMP control charts JMP has greatly simplified and improved interpretation of Lean, FMEA, and PDSA type analyses.
Use of JMP has enable the testing and subsequent selection of 'best practices' saving uncounted hours in false starts based on 'collective experience'.
The down side is that JMP is not a 'magic box', one still has to take care in applying the tools properly. Moreover, time-consuming approaches using JMP may still be the 'order of the day', because the service (even power user) is unaware of significant shortcuts available for free on the JMP community website.
