Industry News

Frontline surpasses 200,000 cloud-based advanced analytics users

Frontline Systems, developer of the Solver in desktop Microsoft Excel 26 years ago, announced that it has surpassed 200,000 users of its cloud-based advanced analytics tools for optimization, simulation/risk analysis, forecasting, data mining and text mining – based on usage data from Microsoft, Google and its own SaaS platforms.

“We moved early to the cloud with Solver for Excel Online in July 2013,” says Daniel Fylstra, Frontline’s founder and president. “In 2016, we’re seeing large-scale adoption of all our cloud advanced analytics tools.”

Usage has doubled from 100,000 users in January to 200,000 users today.

Frontline has been known for many years as a leading developer of advanced analytics add-ins for desktop Excel. It has also offered analytics tools in other forms, such as SDKs for developers, since the mid-1990s. Today, Frontline offers seven advanced analytics tools for Excel Online and Google Sheets, two self-contained cloud-based SaaS platforms – XLMiner.com and AnalyticSolver.com – and RASON (RESTful Analytic Solver Object Notation), its analytics modeling language and REST API. It also offers Analytic Solver Platform for desktop Excel, and Solver SDK and XLMiner SDK for developers.

AnalyticSolver.com, Frontline’s new, integrated cloud SaaS platform for predictive and prescriptive analytics, was launched two months ago, but Frontline has already granted requests for access to the platform to business students in more than 450 university courses, as well as two currently running massive open online courses (MOOCs) – one on U.S.-based Coursera and one in China and India – and its own online education platform Solver Academy, based on Open edX.

Frontline offers both desktop and cloud versions, with a very high level of interoperability between them. Frontline also offers deep functionality and high performance in the areas of data mining and predictive analytics, mathematical optimization, and simulation and risk analysis tools. For more information, visit www.solver.com.

Fast-growing AIMMS earns FD Gazelle Award

AIMMS recently earned an FD Gazelle Award, given annually to the fastest growing companies in the Netherlands.

“We are extremely proud to win an FD Gazelle Award,” says Gijs Dullaert, CEO of AIMMS. “It is a great acknowledgement for our valuable customers and our growing team. This also confirms that our mission to bring the benefits of prescriptive analytics to society is the right path forward, and we will continue to fulfill it with commitment and passion.”

Het Financieele Dagblad (the Dutch Financial Times) organizes the FD Gazelle Awards. Criteria that play a role in the selection include that the company is financially healthy, has a minimum turnover of 100,000 Euros and a revenue growth of at least 20 percent in the past three financial years.

For more information, visit: www.aimms.com.

Gurobi introduces Gurobi Optimizer v7.0

Gurobi Optimization recently introduced Gurobi Optimizer v7.0, with higher performance and powerful new modeling capabilities.

Some of the enhancements and new features include:

  • Significant performance improvements across MIP, LP, QCP, MIQCP and MIQP problem types.
  • Python modeling enhancements, including new methods and classes that further simplify the task of translating mathematical models into efficient implementations.
  • Support for multiple objectives, allowing users to associate multiple, independent optimization objectives with their model and then perform either blended or lexicographic optimization on the resulting multi-objective model.
  • MIP solution pool support, so users can obtain more than just one optimal solution to an MIP model.
  • General constraints, so users can enter commonly occurring constraints (MIN/MAX, ABS, AND/OR and Indicator constraints) without having to translate them into linear constraints.
  • Support for tuning criterion, so users can search for settings that produce the best lower bound, upper bound or gap.

In addition, Gurobi has added support for Python 3.5 on the Mac, enhanced its .NET property support and added a number of useful new parameters.
For more information, visit http://www.gurobi.com/.

Credit unions embrace FICO Score Open Accesss

U.S. financial institutions of all sizes are offering the FICO Score Open Access program to their customers as a way to empower them to take control of their financial health. Participants in the program provide FICO Scores and related information to their customers, and participating lenders range from the country’s largest lenders to dozens of credit unions, some with as few as 300 members. Thanks to these lenders, 180 million consumer accounts are now getting their FICO Scores for free.

“We’re very satisfied with the comprehensive education including the FICO Score, key factors that affected the score, and score-related frequently asked questions that our members receive as part of this program,” said Amy Forcier-Pabst, EVP of Member Experience at Royal Credit Union, which services Wisconsin and Minnesota. “We anticipate increased online engagement from our members as a result of this program.”

The FICO Score is the standard measure of U.S. consumer credit risk, and is used in more than 20 countries. More than 10 billion FICO Scores are purchased in the United States each year by lenders for their risk management decisions. Through its myFICO service and the FICO Score Open Access program, FICO helps millions of American consumers understand their credit health.