Angoss Software Corporation (Angoss) today announced it has partnered with Datawatch Corporation (NASDAQ:DWCH) to provide business users with access to self-service data preparation tools and powerful advanced analytics that unlock the valuable intelligence found in Big Data sources. More than 300 leading companies, including many of the world’s top financial, insurance, telecom, retail, high-tech and healthcare organizations, rely on Angoss’ predictive analytics solutions to improve performance across risk, marketing and sales.
Through this partnership, business users will be able to significantly reduce data preparation efforts, which often claim more than 80 percent of their time, and increase their data mining efficiencies by more than 40 percent. Datawatch empowers its customers with the ability to retrieve data locked away in previously inaccessible multi-structured or unstructured sources, such as reports, Web pages, PDFs and log files – which typically provide the most analytical value. Using Angoss, they can then process the acquired data along the exploratory trajectory with the use of predictive analytics applications for all phases of the data mining cycle, from data exploration and segmentation, to model and strategy development, to evaluation and deployment.
“Our partnership with Angoss provides the best of both worlds: access to data sources that provide the most analytic value and the ability to analytically synthesize it through advanced predictive tools,” said Dan Potter, Chief Marketing Officer at Datawatch. “The result is higher predictive and exploratory power for greater return on investment. By analyzing not only the right data, but also all of the data, decision makers will get a better understanding of the reality of their business.”
With Datawatch Monarch, users can easily acquire, cleanse, prepare and blend reliable data from virtually any information source for predictive and prescriptive analysis in Angoss using the company’s powerful advanced analytics applications and analyst recognized Decision Trees. Angoss’ solutions offer modeling techniques, such as linear and logistic regression, cluster analysis, market basket analysis and factor analysis, which allow analysts to perform all advanced analytics tasks in a single environment. The automated canvas for analytic operations enables the creation of workflows in minutes, improving productivity and eliminating the need to write code. Additionally, Angoss’ software suite caters to users of all skill levels and provides functionality to custom code in multiple languages, such as the language of SAS, R and Python.
“Datawatch’s data preparation technology is a seamless extension of our data import capabilities,” said Rick Makos, President and Chief Executive Officer of Angoss. “Datawatch is the industry leader in turning report documents and other difficult-to-access content sources into structured data sets. This capability opens up vast amounts of data that users can analyze and leverage to make timely and meaningful decisions using powerful, yet easy-to-use, predictive software.”