LicensePredictor is a forecasting tool designed to help organizations in decision making, proper planning and allocation of IT resources by providing essential inputs regarding their projected software license usage over the next 18 months. It also detects and alerts users of possible data anomalies, which is key in maintaining system integrity.
LicensePredictor uses an advanced system that employs a variety of statistical techniques from data mining, predictive modeling, and machine learning. These techniques analyze current and historical facts to make forecasts and predictions about the future. The forecasts produced by this system are useful to identify risks and opportunities that would help the organization make decisions. It allows the organization to anticipate outcomes based on the data and not on assumptions, and proactively turn usage data into actionable information.