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Analytics Magazine

Industry Notes: Analytics for Excel users

January/February 2013

In January Frontline Systems (www.solver.com) is expected to begin shipping Version 12.5 of its Solvers for Excel, including a new flagship integrated product, Analytic Solver Platform. V12.5 also includes new versions of Risk Solver Platform, the leading tool for simulation risk analysis, conventional and stochastic optimization in Excel; subsets Premium Solver Platform, Premium Solver Pro and Risk Solver Pro; and XLMiner, the leading data mining add-in for Microsoft Excel. Analytic Solver Platform integrates all the capabilities of all these products and adds new features such as visual data exploration and data mining methods applied to Monte Carlo simulation trial data.

Frontline’s Solvers for Excel allows users to solve problems hundreds to thousands of times larger than the basic Excel Solver at speeds anywhere from several times to hundreds of times faster. Analytic Solver Platform is the first software to bring the power of data mining and visual data exploration to the analysis of Monte Carlo simulation trial data.

Frontline Systems, Inc. is a leading developer of optimization and simulation software, and the leader in spreadsheet-based software for both conventional and stochastic optimization.

Small business scoring solution

FICO (www.fico.com), a leading provider of predictive analytics and decision management technology, announced the availability of FICO Small Business Scoring ServiceSM solution version 7.0, which brings expanded data and analytics to small business lending. This new version of the small business scoring solution enables small business credit grantors to assess credit risk, comply with regulatory requirements and offer faster responses to small business applicants through process automation and instant risk assessment.

The new service offers a suite of empirically derived, multi-data sourced predictive models. The predictive models include Equifax commercial and consumer data, and through Equifax’s relationship with the Small Business Financial Exchange, Inc., banks will now have access to the largest source of small business financial payment information in the industry, including business loans, cards, leases and lines of credit reported by more than 400 SBFE members.

CMOs invest in marketing analytics

Chief marketing officers are investing in integrated marketing management solutions with advanced, real-time analytics, according to a recent report sponsored by SAS (www.sas.com). The analytics power consistent, personalized customer experiences via traditional and digital channels.

“More organizations are realizing that modern marketing is a data-driven discipline,” says Wilson Raj, global director of Customer Intelligence at SAS. “CMOs are poised to not only drive great marketing but drive broader business changes and enhance alignment across the C-suite.”

According to the study, eight of the 12 areas CMOs identified for marketing investment revolve around technology such as customer analytics, CRM, social media, marketing automation, collaboration and optimization tools.

SAS is a leader in business analytics software and services, and the largest independent vendor in the business intelligence market

business analytics news and articles

Headlines

Using machine learning and optimization to improve refugee integration

Andrew C. Trapp, a professor at the Foisie Business School at Worcester Polytechnic Institute (WPI), received a $320,000 National Science Foundation (NSF) grant to develop a computational tool to help humanitarian aid organizations significantly improve refugees’ chances of successfully resettling and integrating into a new country. Built upon ongoing work with an international team of computer scientists and economists, the tool integrates machine learning and optimization algorithms, along with complex computation of data, to match refugees to communities where they will find appropriate resources, including employment opportunities. Read more →

Gartner releases Healthcare Supply Chain Top 25 rankings

Gartner, Inc. has released its 10th annual Healthcare Supply Chain Top 25 ranking. The rankings recognize organizations across the healthcare value chain that demonstrate leadership in improving human life at sustainable costs. “Healthcare supply chains today face a multitude of challenges: increasing cost pressures and patient expectations, as well as the need to keep up with rapid technology advancement, to name just a few,” says Stephen Meyer, senior director at Gartner. Read more →

Meet CIMON, the first AI-powered astronaut assistant

CIMON, the world’s first artificial intelligence-enabled astronaut assistant, made its debut aboard the International Space Station. The ISS’s newest crew member, developed and built in Germany, was called into action on Nov. 15 with the command, “Wake up, CIMON!,” by German ESA astronaut Alexander Gerst, who has been living and working on the ISS since June 8. Read more →

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