Learn about actual and potential costs
How much should I pay for Data Mining Software?
What is the average price of Data Mining Software?
This procurement report includes pricing information to help you purchase Data Mining Software. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.
Has the price of Data Mining Software been rising or falling?
Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.
I’m not ready to purchase Data Mining Software yet. Will I pay more if I wait too long?
We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.
What other costs are associated with purchasing Data Mining Software?
Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Data Mining Software with a reduced risk of unexpected costs.
See how we display average pricing information, trends and market data.
Find the vendor to meet your needs
Where can I purchase ?
The data mining software market is composed of about 50 vendors of proprietary software. The market exhibits a high level of market share concentration, with the top four vendors controlling more than 50.0% of the market. The top four vendors include SAS, IBM (operating in the market as SPSS, which... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
By what metrics do you evaluate customer satisfaction? How frequently do you evaluate customer satisfaction?
What steps do you take to address client dissatisfaction?
What is your average issue resolution time?
In the past three years, what changes have you made to your software in response to customer feedback?
Amid widespread health concerns, what contingency plans are in place to mitigate risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?
How do you compete against open-source software?
Have any of your clients stopped using your product and switched to open-source software?
Has the demand for your product increased or decreased in the past three years?
Which other data mining software does your product directly compete with?
Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? What measures are you taking to handle increased/reduced demand?
How has your software helped similar buyers operate efficiently during the pandemic?
How do you recruit and retain senior staff?
How do you keep your wage costs under control?
What has your turnover rate been in the past three years? How does your firm mitigate the risks of employee turnover?
What are the various stages of your hiring process?
What specialized skills do you require your employees to possess?
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Key elements for every RFP
What should my RFP include?
Buyers should specify their budget for the data mining software.
Buyers should request detailed information about available software delivery methods and costs.
Buyers can reference the benchmark price and total cost of ownership sections of this report for assistance with creating a budget.
Buyers should evaluate potential vendors based on their ability to meet the functional requirements described in the RFP.
Buyers should evaluate potential vendors based on their ability to provide a superior level of customer service.
Buyers should evaluate potential vendors based on their ability to provide regular enhancements and upgrades.
For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers need to include the date when proposals are due and when the award will be announced.
Buyers should include key benchmark dates, such as the date by which software demonstrations should be booked.
Buyers should outline the terms of the contract and their cancellation policy.
Evaluate major factors to mitigate risk
How risky is the supply chain?
Supply chain risk for data mining software developers is low, meaning that buyers face little risk of sudden input price spikes or service interruptions. Moreover, vendors do not depend on many critical inputs to maintain the data mining software. The few physical inputs required include servers and other computing hardware.... Subscribe to learn more.