Business Objects, a provider of business intelligence solutions, and SPSS have entered into an OEM agreement under which Business Objects will offer its customers the ability to use SPSS predictive analytics data mining technology as part of the BusinessObjects XI platform.
Users of BusinessObjects XI with predictive analytics data mining technology will be able to leverage business predictions to make more informed decisions that can help generate revenue, control expenses, and mitigate risk.
Predictive analytics technology helps individuals explore past and present business scenarios, as well as uncover trends and identify outliers, to project future outcomes.
Juliette Sultan, vice president of information discovery and delivery at Business Objects, said: Business Objects has been a pioneer in delivering business intelligence (BI) to all users within the organization so they can gain accurate and timely insight and make informed decisions quickly.
Patrick McCue, vice president of global alliances for SPSS, said: Together, we will be providing companies with greater access to predictive analytics as a leading-edge competitive tool within the business intelligence framework.