Angoss Software Corporation has announced new KnowledgeCLOUD solutions which provide predictive analytics in the Cloud, and make businesses more competitive.

According to a recent release,  the solutions will help organizations in their sales, marketing and risk management. The company’s products are used in financial services, insurance, retail, health care and information communication and technology sectors.

"Angoss, an early pioneer in hosted predictive analytics solutions with its FundGUARD and ClaimGUARD solutions, is proud to expand its Cloud-based offerings for both structured and unstructured data," Martin Galligan, president and CEO of Angoss, said in a company statement.

"In today's competitive environment, predictive analytics are an increasing focus for companies looking to significantly improve business performance by solving the labyrinth of data trapped in their organizations,” Galligan adds. “Predictive analytics in the Cloud is particularly helpful for organizational divisions or lines of business that lack advanced analytics competency. These groups often struggle with implementing basic reporting and business intelligence tools, while advanced analytics seems out of reach. At the same time, Cloud computing is an increasingly popular choice for acquiring and deploying solutions without the need for highly specialized resources or expensive technology."

KnowledgeCLOUD solutions are offered through KnowledgeHUB, a secure Cloud-based analytical platform. In addition, the solutions offer detailed management reporting and transparency, as well as return-on-investment accountability, the company said. By being resubmitted into the KnowledgeHUB, there will be program improvements continually, the company adds.

Also, Bill Sheldon, the company’s chief solutions officer, said in a statement carried on TMCnet that, “KnowledgeCLOUD solutions allow organizations to gain competitive advantage through advanced analytics while KnowledgeHUB allows them to do it faster, cheaper and better."

Angoss offers desktop, client-server and in-database software products. With headquarters in Toronto, Angoss has other offices in the United States and United Kingdom.