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SPSS 14.0 Unveiled To Extend Predictive Analytics Power Enterprise-Wide; Easier Enterprise Deployment & Integration.


CHICAGO -- SPSS A statistical package from SPSS, Inc., Chicago (www.spss.com) that runs on PCs, most mainframes and minis and is used extensively in marketing research. It provides over 50 statistical processes, including regression analysis, correlation and analysis of variance.  Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:SPSS), a leading worldwide provider of predictive analytics Predictive analytics encompasses a variety of techniques from statistics and data mining that process current and historical data in order to make “predictions” about future events.  software, today unveiled a significantly enhanced version of its flagship statistical software package, SPSS 14.0, to further extend the reach and power of predictive analytics.

Organizations worldwide now recognize that statistical and predictive technologies are key corporate assets. To fully harness these technologies, organizations must shift them away from isolated desktop environments to enterprise-level, open and integrated systems. SPSS 14.0 will facilitate and accelerate this process with full data management and enhanced reporting capabilities, easy data validation In computer science, data validation is the process of ensuring that a program operates on clean, correct and useful data. It uses routines, often called validation rules, that check for correctness or meaningfulness of data that are input to the system. , easier and more powerful forecasting, extended programming and expanded structural equation modeling Structural equation modeling (SEM) is a statistical technique for testing and estimating causal relationships using a combination of statistical data and qualitative causal assumptions.  options.

"SPSS statistics software has grown into an enterprise-class, server-based tool," said SPSS President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  Jack Noonan. "The new SPSS platform allows analytic developers to integrate their algorithms with the SPSS system and also gives applications developers the ability to easily add predictive analytics to their applications."

Customers and Industry Analysts Praise SPSS 14.0

"The new functionality in SPSS 14.0 is excellent," said the Vice President of Aon Consulting, Inc., Ray Levesque. "SPSS has opened up the product by improving the power and by making the SPSS line a powerful platform for developing important programs and applications."

"With the release of version 14, SPSS is clearly moving into the enterprise space. The algorithms added to SPSS 14.0 will enable organizations to deal with large amounts of data that are common in today's enterprises," said IDC's Research Director Dan Vesset. "The opening up of SPSS to third party programming languages will further help extend the reach of SPSS into the enterprise."

"The release of SPSS 14 is a significant step for the company that will benefit existing customers and help attract new ones" said Mike Schiff, Vice President, Data Warehousing See data warehouse.

data warehousing - data warehouse
 and Business Intelligence, Current Analysis Inc. "While still maintaining its strong desktop position, the company continues to evolve its core statistical software to meet the expanding needs of the enterprise."

"SPSS 14.0 is an exciting new release of SPSS. SPSS 14.0 will be of great value to existing customers, while opening up SPSS to different types of users," said Dr. Howard Barkan, Research Methodologist and Biostatistician, Kaiser-Permanente. "For example, existing customers will save significant time with the new data-management capabilities; while enterprise-class organizations will be able to use the increased time series forecasting to improve their modeling and predictions, and the improved programmability to create programs and target the situations in which they are conducted," he added. "All of these modifications will improve the users' ability to run their organizations."

Overview of SPSS 14.0's Capabilities:

--More powerful data management in SPSS 14.0 provides a number of new features to save time, work with new file types, increase accuracy and reliability--and better manage data. Users can now open multiple datasets within a single SPSS session, read/write Stata(R) files, import data from SPSS' Dimensions, and more.

--Enhanced reporting capabilities revolutionize rev·o·lu·tion·ize  
tr.v. rev·o·lu·tion·ized, rev·o·lu·tion·iz·ing, rev·o·lu·tion·iz·es
1. To bring about a radical change in: Television has revolutionized news coverage.

2.
 the way users create graphics in SPSS, and even enable the creation of custom charts. The new Chart Builder interface enables users to drag thumb-nail sized pictures of chart and element types to a canvas to preview--and create--charts. The Graphics Programming Language (GPL See GNU General Public License.

1. GPL - General Purpose Language.
2. GPL - ["A Sample Management Application Program in a Graphical Data-driven Programming language", A.L. Davis et al, Digest of Papers, Compcon Spring 81, Feb 1981, pp. 162-167].
) allows the creation and saving of any chart imaginable i·mag·i·na·ble  
adj.
Conceivable in the imagination: imaginable exploits.



i·mag
.

--A new add-on module enables easily validation of data. The SPSS Data Validation add-on module streamlines the data validation process, eliminates labor-intensive manual checks--and reaches more accurate conclusions.

--Easier and more powerful forecasting with improvements to SPSS Trends(TM). Users can save time by automatically determining which model best fits their time-series and independent variables. Users can also forecast hundreds of time-series models at once rather than one series at a time.

--A new programmability extension enables third party programming languages to control the flow of syntax syntax: see grammar.
syntax

Arrangement of words in sentences, clauses, and phrases, and the study of the formation of sentences and the relationship of their component parts.
 jobs based on variable attributes, procedure output, and error codes.

--Extended structural equation modeling options. With Amos(TM) 6.0, users can reliably fit structural equation and related models to smaller samples. They can also impute impute v. 1) to attach to a person responsibility (and therefore financial liability) for acts or injuries to another, because of a particular relationship, such as mother to child, guardian to ward, employer to employee, or business associates.  data using one of three methods now available in this software.

--SPSS Server 14.0 enhanced for multiple simultaneous users and large data. New administration functionality allows for more efficient use of resources available from overall network traffic to individual user prioritization. New functionality is included to increase productivity when utilizing large datasets and expand the set of predictive analytics available to the analyst. Naive Bayes and Feature Selection are new in SPSS Server 14 and allow analysts to reduce large amounts of information down to smaller and more precise subsets for more exacting creation of predictive models.

For more information on SPSS 14.0, please visit: http://www.spss.com/spss/whats_new.htm

About SPSS

SPSS Inc. (NASDAQ: SPSS) is a leading worldwide provider of predictive analytics software and solutions. The company's predictive analytics technology connects data to effective strategic action by drawing reliable conclusions about current conditions and critical future events. More than 250,000 commercial, academic, and public sector customers rely on SPSS technology to help increase revenue, reduce costs, improve important processes, and detect and prevent fraud. More than 95 percent of the Fortune 1000 companies are SPSS customers. Founded in 1968, SPSS is headquartered in Chicago, Illinois. For additional information, please visit www.spss.com. Safe Harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 Statement This press release contains forward-looking information made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. Forward looking statements can be identified by phrases such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "could," "designed," "should be" and other similar expressions which denote de·note  
tr.v. de·not·ed, de·not·ing, de·notes
1. To mark; indicate: a frown that denoted increasing impatience.

2.
 expectations of future events rather than statements of fact. These forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 involve factors that are subject to risks and uncertainties. These risks and uncertainties, which may not be currently ascertainable as·cer·tain  
tr.v. as·cer·tained, as·cer·tain·ing, as·cer·tains
1. To discover with certainty, as through examination or experimentation. See Synonyms at discover.

2.
 and many of which are beyond the Company's control, may cause the Company's actual results, performance or achievements to be materially different than the results, performance or achievements expressed in or implied by the forward-looking statements. These risks and uncertainties are described in the Company's filings with the Securities and Exchange Commission ("SEC"). Copies of these filings are available either on the SEC's website at www.sec.gov or from the Company's investor relations Investor relations

The process by which the corporation communicates with its investors.
 department. In light of these risks and uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as a representation by the Company that any future results, performance or achievements will be attained. These forward-looking statements speak only as of the date on which they are made. The Company assumes no obligation to update the forward-looking statements contained in this press release.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Aug 15, 2005
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