Data and text mining is a promising application of AaaS. What additional capabilities can AaaS bring to the analytic world

It can bring useful capabilities such as

1. large-scale optimization

2. solution to very complex multi-criteria decision problems,

3. Distributed simulation models

Explanation:

The AaaS is the Analytics as a service (AaaS) it is the provision of analytics applications or programs and operations via the usage of web-delivered technologies. Aaas gives organizations an alternative to performing business analytics.

Apart from data and text mining, it also has the following capabilities

1. large-scale optimization

2. solution to very complex multi-criteria decision problems,

3. distributed simulation models.

The above prescriptive analytics would need highly capable systems which can only be realized when we use collaborative systems that are service based that can make use of large-scale computational resources.