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With so many different statistical analysis solutions out there, finding the right tool can be complicated —especially when it requires searching through dense and often opaque product pages. You know you want to improve data accuracy, efficiently analyze large datasets, enhance patterns and trends detection, and support evidence-based decision-making, but need the right tool. I've got you! In this post, I use first-hand research and my experience consulting for large organizations to bring you the best statistical analysis software on the market.

What is Statistical Analysis Software?

Statistical analysis software refers to computer programs used to perform statistical analyses on complex data. It encompasses a range of tools and techniques for summarizing, interpreting, and visualizing data to uncover patterns, relationships, and trends.

Among the features that make this possible are data import and manipulation, descriptive statistics, inferential statistics, regression analysis, and data visualization tools. Overall, statistical analysis software allows researchers, analysts, and scientists to analyze and interpret diverse data sets, test hypotheses, and derive meaningful insights that help draw reliable conclusions through robust statistical methods.

Overview Of The 10 Best Statistical Analysis Software

Here’s a description of each statistical analysis software that includes the best use cases for each note, any noteworthy features, pros and cons, and pricing information. You’ll also see a screenshot of the interface to give you an idea of what using each tool is like.

Best for large teams with different skill sets

  • Free trial available
  • From $99/user/month
Visit Website
Rating: 4.4/5

IBM SPSS is a statistical software platform with a user-friendly interface that lets users prepare and analyze data without knowing how to code. The tool uses drag-and-drop functionality to perform analysis and provides a range of technical demos to help you get started.

Why I picked IBM SPSS: Some statistical software platforms overwhelm users with a wealth of features. Others limit capabilities to appeal to a novice audience. But IBM SPSS manages to strike a balance between the two, positioning itself as a user-friendly option while also having a range of comprehensive features (like regression analyses). This makes it easy for inexperienced analysts to get to grips with the platform but means they won't have to switch to a different solution once they become competent.

IBM SPSS Standout Features and Integrations

Features that separate IBM SPSS from competitors include a clean, easy-to-use interface and drag-and-drop functionality. All users need to do is point and click on the relevant model to run an analysis on their data. There's a vast number of statistical models to choose from, ranging from basic functions like frequency modeling to advanced regression modeling, and the platform even automates much of the data preparation process.

Integrations include a range of other data analysis tools, including TIMi and JMP, and survey platforms such as Voxco Online and Rotator Survey

Pros and cons

Pros:

  • Competitive pricing
  • Wide range of statistical models
  • Fantastic user interface

Cons:

  • Reporting features lack flexibility
  • Some very advanced models are missing

Best for Salesforce users

  • 14-day free trial
  • From $75/user/month
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Rating: 4.4/5

Tableau is Salesforce’s visual analytics platform. You can deploy it on your own servers, in the cloud, or natively integrate it with your Salesforce CRM—perfect if you plan to analyze customer data.

Why I picked Tableau: The native integration with Salesforce is a significant selling point for any business that already uses the company’s CRM. It’s pretty much the only statistical analysis software with this kind of integration. Of course, you can connect just about any other data source to the platform, too. The software is also powered by Salesforce’s Einstein AI, which allows you to use the tool to make AI-driven predictions based on your data.

Tableau Standout Features and Integrations

Features include a native Salesforce integration, a standout feature for Salesforce users. The platform also features a drag-and-drop modeling tool (so you don’t need to know how to code to use the platform), Einstein AI, which delivers predictions and recommendations based on your data, and a bespoke data preparation tool, Tableau Prep Builder.

Integrations include Salesforce CRM and a host of other data sources (such as Excel, Amazon Redshift, Snowflake, and Splunk. It also integrates with several other business applications, including AWS, Google Cloud, SAP, Alibaba.com, and Informatica.

Pros and cons

Pros:

  • Intuitive dashboard with drag-and-drop functionality
  • Huge range of other third-party integrations
  • Native Salesforce integration

Cons:

  • Can take a while to download large data sets
  • Visualization features could be improved

Best dashboards

  • Free trial + free demo available
  • Pricing upon request
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Rating: 4.4/5

Domo is a cloud-based data platform designed to help everyone in your organization better use business data. The software’s intuitive dashboards and reporting make it simple for even first-time analysts to generate insights and put data to work.

Why I picked Domo: Of all the statistical analysis software tools in this list, Domo is probably the most user-friendly. The software automates data extraction, meaning data can be transferred from spreadsheets to dashboards in real-time. Embedded analytics even lets you share dashboards externally with clients or partners.

Domo Standout Features and Integrations

Features focus on making it easy to understand data. The platform offers personalized and customizable visualizations, custom dashboards, automatic alerts when data changes, and external sharing capabilities.

Integrations include Google Drive, Google Analytics, Microsoft Excel, Dropbox Business, Basecamp, Shopify, Hubspot, and dozens more business apps.

Pros and cons

Pros:

  • Great UI
  • Real-time data feeds
  • Customizable dashboards and reports

Cons:

  • Customer support is lacking
  • Lacks advanced functionality

Best for output navigation

  • 30-day free trial
  • From $2,995 for an annual license

NCSS is a comprehensive statistical analysis software platform, complete with hundreds of graphic tools, and a unique output navigational system that makes it easier to understand results.

Why I picked NCSS: It can be hard to juggle multiple data visualization outputs with some statistical analysis tools, but not NCSS. The platform’s output window allows each graph to be viewed in a separate window, meaning you can compare analysis side by side within the program.

NCSS Standout Features and Integrations

Features include intuitive data import and management that supports all major file types. This, along with prebuilt procedures available from a dropdown menu, makes it faster for you to analyze data. Over 80 plots are available when it comes time to visualize data, all of which are customizable.

Integrations include most major data platforms and statistical software tools, including Microsoft Excel, JMP, MATLAB, Minitab, SPSS, and Statistica.

Pros and cons

Pros:

  • Intuitive platform
  • Easy to compare results
  • Dozens of visual tools

Cons:

  • Hard to manipulate large datasets
  • Can be expensive

Best open-source statistical analysis software

  • No trial available
  • Free

Scilab is a free, open-source statistical analysis software under the GPL License. That means you can use the software for any purpose, change the software, and share the software with colleagues.

Why I picked Scilab: Scilab is the only statistical analysis software on this list you can use for free long-term. But that doesn’t mean the software is lacking in capabilities. It still provides many of the data analysis tools and features you need, including numerical analysis, data visualization, and simulations.

Scilab Standout Features and Integrations

Features include pre-built statistical models like interpolation and regression analysis, linear systems of equations, and Fourier analysis. As well as a full range of charts and animations, scientific programming capabilities, and algorithm development.

Integrations There are no native integrations available.

Pros and cons

Pros:

  • Fast processing
  • Clean UI
  • Free to use and edit

Cons:

  • Not that intuitive to use
  • Lacks features compared to premium products

Best for graphing

  • Free trial available
  • From $465/year

Origin Pro is a scientific graphing and data analysis tool used by over half a million engineers and scientists to create visual representations of data without the need for programming.

Why I picked OriginPro: If you want to visually represent data there are few better options than OriginPro. The software has over 100 built-in graph types and allows point-and-click customization of every element of them. You can even save customized graphs as new templates, so you don’t have to create them from scratch for future reports.

OriginPro Standout Features and Integrations

Features include 100+ graph types (such as column, bar, line plot, trellis plot, vector plot, and 3D charts). The software also has a full suite of customization options, annotation features, and a high-speed data-importing function.

Integrations include Microsoft Excel, MATLAB, Microsoft Word, Catman, Touchstone, and Google.

Pros and cons

Pros:

  • Good support team
  • Intuitive UI
  • Great graphical analysis

Cons:

  • Lacking help section
  • Program occasionally crashes

Best for cleaning large volumes of data

  • Free trial available
  • Pricing available upon request

MATLAB is a statistical analysis software for data cleansing, analysis, and visualization. The platform’s live editor lets you interactively perform iterative tasks like cleansing and labeling data.

Why I picked MATLAB: Messy data can ruin results. That’s why MATLAB is suitable for any CFO blessed with a large data set who wants to cleanse and label data before analyzing thoroughly. Don’t let the fact that the tool is primarily used for academic purposes—it’s very useful for analyzing business data and generating meaningful reports.

MATLAB Standout Features and Integrations

Features include the MATLAB Live Editor, which uses a prebuilt family of functions to speed up the data cleansing process. Further, the Data Cleaner app automatically identifies issues with your data set and applies multiple methods to clean data.

Integrations include a range of data platforms and statistical analysis software. These include Microsoft Power BI, Tableau, MongoDB, JMP, EASA, and Azure Cosmos DB.

Pros and cons

Pros:

  • Custom visual creation
  • Intuitive graphical interface
  • Multiple data cleansing tools

Cons:

  • Learning curve can be steep
  • Requires significant processing power to run

Best cross-department tool

  • 14-day free trial
  • From $0.55/SU/hour

SAS Viya is a cloud-based AI, analytics, and data management platform. You can integrate data from almost any source and run collaborative data prep and analysis functions as a team.

Why I picked SAS Viya: Collaboration is at the heart of the SAS Viya platform. Businesses can create a shared space where anyone in the data team can work on analysis together. For example, data engineers can create scalable pipelines, data scientists can transform those data sets into structured data, and business analysts can use advanced analytics tools to derive insights.

SAS Viya Standout Features and Integrations

Features include a wide range of tools that help your team upload and analyze data. Data management capabilities integrate a range of data sources, and a suggestion engine speeds up data preparation. AI tools provide intelligent recommendations that accelerate decision-making. You can even bring your team’s language to the platform.

Integrations are possible with a range of tools using open-source integrations such as the Rest API, Python APIs, Java APIs, and iOS and Android SDKs.

Pros and cons

Pros:

  • Very fast processing
  • Easy to connect different data sources
  • Great collaborative features

Cons:

  • Not the most intuitive platform
  • Can be expensive depending on usage

Best for advanced programming

  • No trial available
  • From $840/year

Stata is a comprehensive software package that runs the statistical analysis gamut from data preparation and manipulation through to visualization and automated reporting. The program includes Mata, an advanced programming language that adds direct support for matrix programming.

Why I picked Stata: While you don’t need to program to use Stata, the platform’s in-built language gives advanced users a development environment where they can produce and compile code. The tool also offers PyStata, a Python integration that lets you integrate Python into your code.

Stata Standout Features and Integrations

Features include the advanced programming language discussed so far, PyStata, and functionality to incorporate C, C++, and Java plugins in your Stata programs. The programming capabilities of the platform also mean that new community-contributed features are being built and added daily, all of which can be installed with a single click.

Integrations include programming languages like Python, C, C++, and Java.

Pros and cons

Pros:

  • Exceptional support
  • Regularly updated
  • Wide range of support for coding languages

Cons:

  • Not as beginner-friendly as other tools
  • Steep learning curve

Best for Microsoft Excel users

  • 14-day free trial
  • From $345/year

XLSTAT is a leading statistical analysis software solution designed specifically for Microsoft Excel. It natively integrates into the spreadsheet, allowing you to analyze business data without leaving the platform.

Why I picked XLSTAT: If the native integration with Microsoft Excel wasn’t enough, business analysts and CFOs can use XLSTAT without knowing how to code. You can produce in-depth data reports and customizable Excel charts, and replicate many of the other capabilities of the other platforms on this list.

XLSTAT Standout Features and Integrations

Features that make XLSTAT a suitable standalone tool for data analysis include data reporting, custom visualizations, and straightforward data preparation. The tool also comes with a range of add-ons (for marketing, quality control, etc.) that expand functionality even further.

Integrations include Microsoft Excel.

Pros and cons

Pros:

  • Easy to use
  • Excellent customer support
  • Native integration with Excel

Cons:

  • Can be difficult for novices to use
  • Premium pricing can be expensive
Tools Price
IBM SPSS From $99/user/month
Tableau From $75/user/month
Domo Pricing upon request
NCSS From $2,995 for an annual license
Scilab Free
OriginPro From $465/year
MATLAB Pricing available upon request
SAS Viya From $0.55/SU/hour
Stata From $840/year
XLSTAT From $345/year
Preview Image - <h2 class="c-block__title b-summary-table__title c-listicle__title h3" > Compare Software Specs Side by Side</h2>

Compare Software Specs Side by Side

Use our comparison chart to review and evaluate software specs side-by-side.

Compare Software

Other Statistical Analysis Software Options

Here are a few more worthwhile options that didn’t make my best statistical analysis software list but are still worth checking out.

  1. JMP

    Best for Mac users

  2. Minitab

    Best for Six Sigma professionals

  3. KNIME

    Best for open-source users

  4. Looker

    Best for Google Cloud users

  5. SUDAAN

    Best for analyzing complex studies

  6. TIMi

    Best for processing large amounts of data

  7. Phocas

    Best for small teams

  8. GraphPad Prism

    Best for scientific research

Selection Criteria for Statistical Analysis Software

Wondering how I developed my shortlist? Here’s a short summary of the main selection and evaluation criteria I used to analyze each of the best statistical analysis software for this article:

Core Functionality

The first thing I did was research a wide range of tools to assess the extent to which they met the core functionality you’d expect from a statistical analysis tool. That includes:

  • Allowing you to import data from a range of sources
  • Making it possible to conduct multiple forms of statistical analysis ‌using the latest techniques
  • Visualizing your results in a range of graphs and visualization tools

Key Features

In order to deliver the core functionality, each statistical analysis software had to have most of the following key features:

  • Data import functionality: platforms should make it simple to upload datasets or natively integrate with data warehouses.
  • Pre-built statistical models: This feature saves time and makes it simple for novice analysts to create in-depth reports and models
  • Charts and visualization dashboard: Platforms should have an abundance of charts and graphs to make results easy to understand.
  • Documentation and training: Statistical analysis software isn’t always easy to use. Platforms should have in-depth training material to help get you up to speed.

Usability

Statistical analysis can be complicated enough without having to suffer platforms with complicated user interfaces. With that in mind, I prioritized tools that provided an excellent user experience.

Additional points were awarded to platforms that had drag-and-drop functionality, meaning users didn’t have to know how to code to generate insights.

Pricing

I’ve provided several pricing options (subscription, per usage, one-off licenses) so that you can choose a tool that suits your budget and payment preferences.

People Also Ask

Still have questions about finding the best statistical analysis software for your business? My frequently asked questions section below should help.

What are the benefits of statistical analysis software?

One of the biggest benefits of statistical analysis software is how it streamlines the data analysis process. Many of the tools feature machine learning or AI algorithms that automate parts of the process and make it possible for even a beginner to complete a detailed data analysis.

Is there a free statistical analysis software tool?

Scilab is a free and open-source platform you can use for statistical analysis. You can also use a free trial of several of the tools listed above if you only need to use statistical analysis software for a short time.

What are the different types of statistical analysis software?

There are several different types of statistical analysis software, many of which I’ve covered above:

  • General tools provide a broad range of features and are ideal for most businesses.
  • Open-source statistical analysis software is highly customizable.
  • Domain-specific statistical software contains tools that are compatible with your current software, such as Saleforce’s Tableau, and graphical user interface software like JMP.

What types of graphs and visualizations can be produced using statistical analysis software?

The four types of graphs used in statistical analysis are bar, line, pie, and histogram charts. Specifically, statistical analysis software can execute a wide range of models and data visualizations, including regression analysis, run charts, pareto charts, variables control charts.

Can statistical analysis software be customized for specific research needs?

Many statistical analysis software solutions can be customized to handle your specific needs. There are several ways to customize tools, including using your own language, creating custom data visualization reports, integrating software with your data sets, and editing open-source software.

What can you use statistical analysis software for?

Statistical analysis software can be used to perform a number of different statistical analyses:

  • Regression analysis
  • A/B Testing
  • Data visualization
  • Customer segmentation
  • Predictive analysis
  • Data-driven analysis

Did You Find ‌the Statistical Analysis Software You Were Looking For?

I hope you found what you were looking for in my list of the best statistical analysis software for 2024.

These platforms have vastly different use cases and can serve very different purposes, which makes recommending a one-size-fits-all tool impossible. That’s why I’ve tried my best to categorize each of the platforms by their best use case and core features. Hopefully, that helps you find the right one for you.

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By Simon Litt

Simon Litt is the Editor of The CFO Club, where he shares his passion for all things money-related. Performing research, talking to experts, and calling on his own professional background, he'll be working hard to ensure that The CFO Club is an indispensable resource for anyone seeking to stay informed on the latest financial trends and topics in the world of tech.

Prior to editing this publication, Simon spent years working in, and running his own, investor relations agency, servicing public companies that wanted to reach and connect deeper with their shareholder base. Simon's experience includes constructing comprehensive budgets for IR activities, consulting CEOs & executive teams on best practices for the public markets, and facilitating compliant communications training.