Analytica
About Analytica
Lumina Decision Systems is the developer of the best decision analytics software, Analytica. It is designed to build flexible decision analytics tools: Its influence diagrams provide a visual way to build and navigate models. Analytica offers intelligent forecasting methods with stepwise regression to find the most informative predictors automatically. It integrates Monte Carlo simulation to treat risk and uncertainty. Scenario and sensitivity analysis help you find out what matters and why.
Lumina's flagship software product, Analytica, is a quantitative decision-support environment that helps people visualize problems with a clarity and power far beyond what is possible in a spreadsheet. Existing applications of Analytica include strategic planning, R&D management, decision analysis, and risk analysis in finance, healthcare, energy, environment, aerospace, and telecommunications. Analytica is being used in major corporations, consulting firms, universities, and government agencies, on six continents.
Lumina consultants work closely with clients to develop models of the complex and uncertain environment faced by their organizations. The focus of these models is to provide insight into what matters and why as a basis for justified and confident decisions. Lumina helps decision makers and experts to represent their objectives and knowledge in intuitive yet rigorous graphical forms. Using Analytica and other tools, we develop quantitative models with a speed and flexibility unavailable with conventional modeling tools. Typically, we help clients arrive at clarity and consensus for immediate decisions, and provide them with a decision-support system for continuing use.
Lumina is committed to continuing research and development to bring innovative decision technologies to individuals and organizations.
Specialties:
Risk and Decision Analysis Software, Energy and Environment Modeling, Capacity Planning Tools, Optimization Software, and Monte Carlo Simulation
Key benefits of Analytica
Lumina Decision Systems is the developer of the best decision analytics software, Analytica. It is designed to build flexible decision analytics tools: Its influence diagrams provide a visual way to build and navigate models. Analytica offers intelligent forecasting methods with stepwise regression to find the most informative predictors automatically. It integrates Monte Carlo simulation to treat risk and uncertainty. Scenario and sensitivity analysis help you find out what matters and why.
Lumina's flagship software product, Analytica, is a quantitative decision-support environment that helps people visualize problems with a clarity and power far beyond what is possible in a spreadsheet. Existing applications of Analytica include strategic planning, R&D management, decision analysis, and risk analysis in finance, healthcare, energy, environment, aerospace, and telecommunications. Analytica is being used in major corporations, consulting firms, universities, and government agencies, on six continents.
Lumina consultants work closely with clients to develop models of the complex and uncertain environment faced by their organizations. The focus of these models is to provide insight into what matters and why as a basis for justified and confident decisions. Lumina helps decision makers and experts to represent their objectives and knowledge in intuitive yet rigorous graphical forms. Using Analytica and other tools, we develop quantitative models with a speed and flexibility unavailable with conventional modeling tools. Typically, we help clients arrive at clarity and consensus for immediate decisions, and provide them with a decision-support system for continuing use.
Lumina is committed to continuing research and development to bring innovative decision technologies to individuals and organizations.
Specialties:
Risk and Decision Analysis Software, Strategic Planning, Energy and Environment Modeling, Capacity Planning Tools, Optimization Software, and Monte Carlo Simulation
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- Industry: Education Management
- Company size: 501–1,000 Employees
- Used Weekly for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Appreciation
Reviewed on 2022/07/20
Every day I find it more useful and useful for all aspects involving data processing and analysis...
Every day I find it more useful and useful for all aspects involving data processing and analysis for decision making.
Pros
It is the best software development product I have ever seen.
Cons
The presentation of data (e.g. Microsoft Power BI) could be improved, although I do not consider myself an expert in this area.
Response from Lumina Decision Systems
Wow - that is an amazing review - thanks Jorge!
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- Ease of Use
- Customer Support
Rapid model development; clear communication of model details
Reviewed on 2015/10/30
I have been an avid and consistent user of Analytica since it became publicly available in 1996...
I have been an avid and consistent user of Analytica since it became publicly available in 1996 (actually before that when it was called Demos), and it's not inaccurate of me to say that I use it almost daily as part of my analytic activities and services.
There were two main features that originally attracted me to Analytica: its influence diagram interface for graphically laying out the flow of model logic, and its Intelligent Arrays technology which permits array abstraction. Both of these features integrate with each other to give a modeler the ability to structure and communicate model logic in the most concise and informative way possible. The added benefit of the Intelligent Arrays is that it supports the extension of model dimensionality with little recoding, if any at all. The other indispensable features of Analytica are its support for Monte Carlo simulation, built-in graphing tools, and support for connecting to external data sources. By comparison to a spreadsheet, models of similar complexity require anywhere from 1/4 to 1/2 the amount of time to build in Analytica.
Analytica really excels with communicating complex ideas. The graphical layout of the influence diagrams enhanced with control UI elements supports clients' more readily comprehending important model details, especially if they were not directly involved with the creation of the model. I frequently take executives through very detailed discussions of risk analysis without preparing post processed and simplified information or additional slide decks.
The one drawback that modelers can run into is that the Intelligent Array feature can lead to significant memory and computational time requirements in particularly dimensionally complex models or models that use a significant number of Monte Carlo trials. However, Lumina provides some profiling tools that allow a modeler to find the sources of processor and memory resource burdens; therefore, in many cases a modeler can find ways to improve the efficiency of their code. The effect of requiring significant amounts of memory or run time of models is not something that occurs often. The recommended memory and CPU capabilities'readily available on most business computers'will exceed most users' requirements.
Response from Lumina Decision Systems
Thank you Robert for this review! Everyone here at Lumina really appreciates it. Feel free to reach out if you have any suggestions for how we can be even better!
- Used for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 9.0 /10
Excellent tool to take on decisions.
Reviewed on 2018/05/09
The combination of being a powerful analytical tool, and at the same time having a high capacity of...
The combination of being a powerful analytical tool, and at the same time having a high capacity of visual or diagramal transmission of information allows us to use this program to make decisions, transmit and convince more easily who will ultimately make the final decision. which often leads to higher rates of return on investment that will be made.
Pros
Simplicity and quality of operation.
In particular I was pleasantly impressed with everything related to simulations where the Monte Carlo Method is used, so it has been very useful as a functional tool for decision making in various projects.
Even in its most basic conception, the program can be used as a tool to draw diagrams, which will allow later to sketch a model and eventually convert it for example into a network program.
It is simply very functional.
Cons
The program itself is not well known, which limits portability.
The only criticism I could make to the program are about its graphics, which although acceptable for basic purposes, are not as versatile as they could be, so the results obtained are finally presented in another program.
Response from Lumina Decision Systems
Thank you Rafael for this review! Everyone here at Lumina really appreciates it. Feel free to reach out if you have any suggestions for how we can be even better!
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Review Source
Overall rating
- Ease of Use
- Customer Support
Analytica encourages clean, comprehensible, uncertainty-sensitive modeling.
Reviewed on 2015/11/09
Analytica encourages good design and comprehensibility . It can generate programs structured much...
Analytica encourages good design and comprehensibility . It can generate programs structured much like the underlying mathematics. More concretely: (1) its visual modeling is powerful for design, communication, and maintenance; (2) its use of arrays makes it possible to deal with multiple objectives, distinctions, and uncertainties elegantly and compactly; (3) it has many built-in features for probability and statistics, and for Monte Carlo analysis; and (4) all of this is great for uncertainty analysis.
Analytica is not well known, limiting portability. Most programmers will not find it intuitive at first because it is so different. Analytica is not well suited for connecting models or modules built in different languages. It is not suitable for agent-based modeling or for discrete-event simulation. Analytica's graphics are good for basic purposes, but not as versatile as they might be.
It is possible to learn a great deal about and to actually use Analytica with a few days or a week of serious effort. Using the tutorial is essential.
Advanced features are more challenging (as in all languages). Fortunately, Analytica allows "procedural programming." For many/most models, such programming undercuts simplicity and clarity, but for more complicated models, it may be more practical.
Analytica FAQs
Below are some frequently asked questions for Analytica.Q. What type of pricing plans does Analytica offer?
Analytica offers the following pricing plans:
- Starting from: US$500.00/year
- Pricing model: Free Version, Subscription
- Free Trial: Not Available
We have three editions, including a powerful free editions. We also offer two server solutions to host models online. Please learn more about them here: https://analytica.com/products/
Q. Who are the typical users of Analytica?
Analytica has the following typical customers:
51–200, 201–500, 501–1,000, 1,001–5,000
Q. What languages does Analytica support?
Analytica supports the following languages:
English
Q. Does Analytica support mobile devices?
Analytica supports the following devices:
Q. What other apps does Analytica integrate with?
We do not have any information about what integrations Analytica has
Q. What level of support does Analytica offer?
Analytica offers the following support options:
Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support
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