Minitab product overview
Minitab is a statistics and data analysis software available on Windows, Mac, and on the cloud with its web app. Founded in 1972, it is a provider of software and services for quality improvement and statistics education. Minitab has helped organizations drive cost containment, enhance quality, boost customer satisfaction, and increase effectiveness. Businesses and institutions worldwide use the software to uncover flaws and improve them. Students use Minitab to learn statistics.
Pros of Minitab
- Industry solutions: Minitab helps companies and institutions spot trends, solve problems, and discover valuable insights in data. It delivers a comprehensive suite of machine learning, statistical analysis, and process improvement tools. The software has provided a solution to industries such as manufacturing, consumer goods, healthcare, and energy & resources organizations to reach new levels of performance, discover efficiencies, maximize cost savings, and boost production without compromising quality.
- Academic solutions: Many colleges and universities worldwide use Minitab in their statistics education programs. It is ideal for preparing younger students for advanced placement exams and sharpening their skills in science, technology, engineering, and math (STEM) topics. It has a user-friendly and intuitive interface and a familiar worksheet look and feel that complements leading textbooks.
Cons of Minitab
- Sets of functions: Although relatively simple to use, Minitab has a great number of functions for quality, reliability engineering, product development, business analytics, and process validation that would take a user a long time to fully master the software.
Breakdown of core features
Integrated software and services
Minitab offers a unique, integrated approach by providing software and services. Access the software on a desktop or on the cloud. Gain access to data analysis from anywhere and complete it from nearly any device so you can find insights whether you’re in the office, at home, or on the go. It empowers all parts of the organization, so users in all levels of expertise can predict better outcomes, design better products, and improve processes.
Advanced analytics and open source integration
Minitab includes a comprehensive set of advanced analytics tools that allow users to explore data even further. Predict, compare alternatives, and make business forecasts with ease using machine learning techniques. Expand insights to be better informed and proactive in your industry with its popular Classification and Regression Trees (CART) predictive analytics tool. Other tools include logistic regression, Poisson Regression, factor analysis, and cluster variables. It also has open source integration with Python.
Minitab provides visualizations with graphics that make insights easier to understand. Visualizations include scatterplots, matrix plots, box plots, dotplots, histograms, charts, time series plots, contour and rotating 3D plots, probability distribution plots, and newly added heatmaps, parallel plots, and binned scatterplots. Minitab on the cloud enables secure sharing of data and insights faster with the team using custom reports.
(Last updated on 01/05/2021 by Abby Dykes)