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Rapid-I Pushes Open Source Data Mining Forward Says Ovum - Ovum, a leading market research company, sees a lot of potential for the German business intelligence company Rapid-I to change the data mining market
Rapid-I Pushes Open Source Data Mining Forward Says Ovum

 

NewswireToday - /newswire/ - Dortmund, Nordrhein-Westfalen, Germany, 2008/07/28 - Ovum, a leading market research company, sees a lot of potential for the German business intelligence company Rapid-I to change the data mining market.

   
 
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Ovum has a market leading position among the research companies in the information, communication and telecom sector. When researching the open source business intelligence market, they identified RapidMiner as a leading open source data mining solutions. Ovum analyst Laurent Lachal compares RapidMiner to its proprietary counterparts SAS and SPSS and writes: “RapidMiner is more generic, with a stronger focus on flexibility, expandability, artificial intelligence methods and meta-learning, as well as on the data mining process as a whole, including arbitrary process nesting and automated optimisation.” He also states that “RapidMiner [...] has a wider area of applicability” and that it differs from its counterparts in price and usability, “based on the fact that it is both more flexible by design and that its open source status enables users to customise it to fit their specific requirements”. In addition, Rapid-I offers companies the option to buy an OEM license allowing them to integrate RapidMiner in their own proprietary closed source products. Currently, Rapid-I is building an international network of OEM, solution, and service partners. Regarding the product roadmap, the Ovum analyst likes that “Rapid-I plans to build analytical applications on top of RapidMiner”, which would increase the impact of Rapid-I impact on the business intelligence and data mining market.

About RapidMiner
RapidMiner is the leading open source data mining software. According to a poll of the major web portal for data mining and knowledge discovery, KDnuggets.com, in May 2008 among 347 data mining experts, RapidMiner is the most widely used open source data mining tool, the second most frequently employed software for data analysis overall. A study of the Technical University of Chemnitz presented at the international Data-Mining-Cup 2007 (DMC-2007) compared the major open source data mining tools and found RapidMiner to be the leading open source data mining software outperforming the others especially with respect to its advanced technology and to its usability. Within its "Innovation Award 2008", the German initiative for small and mid-sized businesses ("Initiative Mittelstand") awarded RapidMiner as one of the most innovative open source solutions. RapidMiner has thousands of users in more than 30 countries worldwide. During the last three years, RapidMiner was downloaded more than 300,000 times. RapidMiner has thousands of users in more than 30 countries world-wide. During the last three years, RapidMiner was downloaded more than 300,000 times. RapidMiner provides more than 500 different modules for detecting patterns in data and for their 2D and 3D visualisation. RapidMiner supports data import from common data formats of other data mining tools, Excel sheets, SPSS files, all common databases, and unstructered text documents like news texts, e-mail messages, web pages, web blogs, PDF documents, as well as time series and audio data.

About Rapid-I
Rapid-I (rapid-i.com) is a provider of business intelligence, predictive analytics, data mining, text mining, and web mining software, solutions, and services offering its customers automated intelligent data analysis of large amounts of data and text including automatically generated classification and forecasting systems. The open source data mining specialist Rapid-I enables other companies to use the latest technology for intelligent data analysis and for the discovery of still unused company knowledge from existing data. Rapid-I won the highly rewarded Open Source Business Award (OSBA 2008). Rapid-I has a broad user and customer base in more than 30 countries world-wide including top companies like Ford, Honda, Nokia, Miele, Philips, IBM, HP, Cisco, Merrill Lynch, BNP Paribas, Bank of America, mobilkom Austria, Akzo Nobel, Aureus Pharma, PharmaDM, Cyprotex, Celera, Revere, LexisNexis, and Mitre as well as many small and mid-sized companies. Rapid-I is headquartered in Dortmund, Germany. Besides of its since 2001 continuously improved data mining software RapidMiner, Rapid-I offers its customers a broad range of services including consulting, trainings, professional support, software development, customization, and extensions as well as complete data analysis services from a single source.

 
 
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Rapid-I Pushes Open Source Data Mining Forward Says Ovum

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Publisher Contact: Nadja Mierswa - Rapid-I.com 
+49(0)231-425-786-90 press[.]rapid-i.com
 
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