Analytica

Analytica

Lumina Decision Systems
Riskion

Riskion

Expert Choice
+
+

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About

BI tools provide beautiful dashboards and reports that allow users to explore patterns in historical data. And past data can lead to insights. But it can never be prescriptive. Knowledge about what could happen, especially in unprecedented situations, and how to make it happen can only be achieved with Model-Driven decision-making. Analytica is a unique visual software environment for building, exploring, and sharing quantitative decision models that generate prescriptive results. Transcend cumbersome spreadsheets. Analytica’s scalability, power, flexibility, and clarity will be a revelation. Build transparent models using Analytica in a fraction of the time needed for procedural languages like R or Python. Get insights not just numbers. Use agile modeling to create models for effective business decision-making. Estimate risk and uncertainty using efficient probabilistic simulation. Smart sensitivity analysis shows what matters and why.

About

Riskion® is Expert Choice’s risk management tool designed for enterprises that want more than superficial or spreadsheet-based risk tracking. It provides a structured, disciplined process to identify risks, causes, events, and outcomes across the organization, then measure them using mathematically sound, ratio-scale evaluations rather than guesswork. Decision makers can engage stakeholders via collaborative input, crowdsource expertise, and visualize relationships among risk sources, triggers, and treatments. Riskion supports analysis of low and high probability events, scenario comparisons, and optimization of how resources are allocated to mitigate or control risk treatments. Visual models like “bow-tie diagrams” help illustrate risk paths and exposures. Overall, Riskion aims to improve accountability, provide reliable risk estimates, and accelerate decision making by reducing ambiguity and increasing clarity across the enterprise.

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Audience

Companies seeking a solution providing BI tools to create beautiful dashboards and reports

Audience

Education & Research Institutions, Technology & Engineering, Financial Services, Healthcare & Life Sciences, Government & Public Sector

Support

Phone Support
24/7 Live Support
Online

Support

Phone Support
24/7 Live Support
Online

API

Offers API

API

Offers API

Screenshots and Videos

Screenshots and Videos

No images available

Pricing

No information available.
Free Version
Free Trial

Pricing

$6,000/month
Single Seat: $6,000/month
Free Version
Free Trial

Reviews/Ratings

Overall 5.0 / 5
ease 5.0 / 5
features 5.0 / 5
design 5.0 / 5
support 5.0 / 5

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

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Pros & Cons from Real Users

Pros

  • 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.

Cons

  • 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.

Training

Documentation
Webinars
Live Online
In Person

Training

Documentation
Webinars
Live Online
In Person

Company Information

Lumina Decision Systems
Founded: 1991
United States
analytica.com

Company Information

Expert Choice
Founded: 1983
United States
www.expertchoice.com/riskion/

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Categories

Categories

Decision Support Features

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

Risk Management Features

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

Statistical Analysis Features

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

Integrations

No info available.

Integrations

No info available.
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