Pecan Review
What is Pecan?
Pecan helps business intelligence, operations, marketing, and sales teams predict mission-critical outcomes. As the world’s only low-code predictive analytics and data science platform, Pecan enables companies to harness the full power of AI and predictive modeling without requiring any data scientists on staff. With Pecan’s platform, companies turn hindsight into foresight by generating highly accurate predictions and recommendations that improve customer lifetime value, retention, conversion rates, demand forecasting, and other revenue-driving KPIs. Founded in 2018, Pecan’s predictions impact billions of dollars in revenue for fintech, insurance, retail, consumer packaged goods, mobile apps, and consumer services companies of all sizes.
Designed to drive business value from AI, Pecan allows you to experience the power of data science without needing to hire a data scientist. Through automated data preparation and AI algorithms, the solution lets you optimize and train your predictive models to get more effective and accurate results. Whether you need insights for demand forecasting, identifying and segmenting potential buyers, or predicting churn behaviors, Pecan has the essential tools that help you monitor and optimize your models.
Furthermore, Pecan automates encoding and cleansing, imputation, data restructuring, and features selection and engineering. This allows you to eliminate manual and time-consuming processes in your data preparation. To provide you with more accurate results, you can enrich your models with relevant external data.
Aside from that, Pecan is equipped with a drag-and-drop model building feature that allows you build predictive models and obtain actionable predictions from your raw data with ease. The solution also comes with a data set maker that lets you connect to a variety of databases via code-free integration. Data enrichment tools then enable you to conduct predictive analysis and draw relevant data and valuable insights from the results.
To provide you with actionable predictions, Pecan leverages AI and lets you add data, deploy off-the-shelf predictive models, and see results as quickly as possible. Using AI-powered optimization tools, the solution continually analyzes your data to yield better results, whether for demand and sales forecasts, lifetime value analysis, conversion rate analysis, or VIP customer predictions.
Show MoreOverview of Pecan Benefits
Actionable AI-Powered Predictions
Pecan utilizes AI-powered tools to help you predict customer behavior and analyze customer churn and retention rates, next best offer personalization, and upsell and cross-sell predictions. With the platform’s accurate and AI-driven predictions, you can optimize your overhead costs while at the same time support customer acquisition and retention tactics. Pecan builds and evaluates predictive models automatically, choosing the top performers and enabling you to put your data to work faster and uncover hidden opportunities.
Data Enrichment
Complete with data analytics and data enrichment tools, Pecan transforms your raw data into actionable insights. This allows you to identify trends, customer behavior, and best practices for your company. For each predictive insight, the system also extracts an individualized prediction explanation to allow for tailored treatment, enabling you to adjust your strategies and KPIs as needed and drive more accurate results.
Performance Monitoring
Pecan’s predictive analytics process doesn’t stop even after you have extracted results from your data and gained the foresight that you need. Instead, the system continually monitors and analyzes your predictive models’ performance to yield better, more accurate predictions as time goes on. This is to ensure that your business will continue to run at peak performance in the long run. Pecan offers AI-powered optimization tools and live dashboards to help you monitor the overall health of your business and take action in real-time.
Extract Accurate Results and Valuable Insights
Pecan selects top-performing predictive models for higher accuracy of data results and foresight. It matches the nature of your data, its size, and the predictions you require to construct a large number of deep models whose performance is compared with the most accurate model selected for implementation. Subsequently, the system analyzes raw data sources and comes up with a set of predictions that are uniquely evolved and refined for optimal performance and accuracy.
Easy to Use and Intuitive Platform
Pecan is specifically built for the non-data scientist analyst, enabling any kind of business to simplify the process of building predictive models and extract business-ready predictive analytics from sets of raw data. The system simply requires you to connect your data sources to the platform and select from a series of templates that produces the predictive insights that you need. The platform also automates data preparation to eliminate manual data entries and reduce errors.
Show MoreOverview of Pecan Features
- Data enrichment
- Predictive analytics
- Drag-and-drop model building
- Data set maker
- Automated data preparation
- AutoML
- Monitoring
What Problems Will Pecan Solve?
Problem #1: How to optimize website to gain higher conversion rate.
A retailer of multiple brands was looking for an upsell model built from its raw sales and customer data.
Solution
Pecan processed all the retailer’s raw historical sales and customer data, building a predictive model for Upsell Indication based on Pecan’s ready-to-deploy use case library. It tested, validated, and deployed a fully trained model in less than 14 days before the crucial stakeholder’s deadline. The result is a 5 percentage point increase in conversion rate and 20% increase in answer rates.
Problem #2: A grocer app finds it difficult to build and maintain a demand forecast model to accurately predict the sales volume at the SKU level across more than 27 cities and over 12,000 suppliers.
The company was dealing with understock or overstock of products at various stores, resulting in poor customer service experience and massive inventory cost.
Solution
The seemingly insurmountable overstock and complexity of the client’s supply chain was resolved by Pecan in just a few days, beating existing models that took several months to do the same. Pecan allowed the customer to achieve 10x faster time to market, delivering a consistent 80-90% accuracy across models.
Problem #3: How to keep and maintain loyal gamers.
A mobile game developer needed to employ predictive analytics for in-game management and assessing bottom line results. The developer suffered from player churn, finding it difficult to adapt offering to varying player profiles, especially VIP players.
Solution
Pecan helped the company build three deep learning-based predictive analytics models. These allowed the company to predict who among the customers will churn, who among them are open to marketing activities, and identify high rollers. The results read: 3.5x uplift of spending per user, 2x lower churn rate, and 3x more prospective VIPs.
Pecan Position In Our Categories
Knowing that businesses have unique business-related wants, it is only logical they avoid going for a one-size-fits-all, “perfect” software solution. Nevertheless, it would be futile to come across such application even among widely used software solutions. The logical thing to do would be to list the varied main aspects that need analysis like critical features, price terms, technical skill aptitude of staff members, company size, etc. Thereafter, you should follow through your research comprehensively. Go over some of these Pecan evaluations and check out each of the software solutions in your shortlist more closely. Such comprehensive research guarantees you stay away from unsuitable software solutions and choose the system which has all the tools your company requires.
Position of Pecan in our main categories:
TOP
50
Pecan is one of the top 50 AI Software products
TOP
200
Pecan is one of the 200 Business Intelligence Software products
TOP
50
Pecan is one of the top 50 Conversion Rate Optimization Software products
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50
Pecan is one of the 50 Data Analytics Software products
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50
Pecan is one of the top 50 Data Visualization Software products
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20
Pecan is one of the 20 Predictive Analysis Software products
If you are considering Pecan it could also be beneficial to check out other subcategories of Predictive Analysis Software gathered in our base of B2B software reviews.
Since each organization has particular business needs, it is sensible for them to abstain from searching for a one-size-fits-all ideal software solution. Needless to say, it would be useless to try to find such an app even among market-leading software applications. The smart thing to do would be to jot down the various essential aspects that require consideration such as key features, finances, skill levels of employees, company size etc. Then, you should do your homework thoroughly. Read some Pecan Predictive Analysis Software reviews and check out each of the other systems in your shortlist in detail. Such comprehensive groundwork can make certain you reject ill-fitting platforms and choose the system that presents all the aspects you require for business success.
How Much Does Pecan Cost?
Pecan Pricing Plans:
Free Trial
By quote
Contact vendor
What are Pecan pricing details?
Pecan Pricing Plans:
Free Trial
By quote
Contact vendor
Pecan’s pricing plans are available by quote. You may contact the vendor through its official website to request for a tailored quote.
User Satisfaction
Positive Social Media Mentions
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Negative Social Media Mentions
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We are aware that when you make a decision to buy a Predictive Analysis Software it’s vital not only to see how experts rank it in their reviews, but also to find out if the actual users and businesses that purchased this software are indeed satisfied with the product. Because of that need we’ve designer our behavior-based Customer Satisfaction Algorithm™ that collects customer reviews, comments and Pecan reviews across a broad array of social media sites. The data is then featured in a simple to digest form indicating how many customers had positive and negative experience with Pecan. With that information available you will be prepared to make an informed business choice that you won’t regret.
Video
Screenshots
Technical details
Devices Supported
- Web-based
Deployment
- Cloud Hosted
Language Support
- English
Pricing Model
- Quote-based
Customer Types
- Small Business
- Large Enterprises
- Medium Business
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
What integrations are available for Pecan?
Pecan integrates with a wide range of third-party and external business applications, including the following:
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Oracle
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Snowflake
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Salesforce
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AWS
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Google Big Query
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Google Adwords
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Hubspot
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Adjust
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Amazon Redshift
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AppsFlyer
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ClickHouse
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Databricks
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Delta table
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Firebase
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GCS – parquet
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IBM Db2
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Microsoft SQL Server
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MySQL
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PostgreSQL
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Singular
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Other data and marketing platforms
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