Business intelligence (BI) consists of strategies and technologies used by enterprises for the data analysis and management of business information. Common functions of BI technologies include reporting, online analytical processing, analytics, dashboard development, data mining, process mining, complex event processing, business performance management, benchmarking, text mining, predictive analytics, and prescriptive analytics.
A management information system (MIS) is an information system used for decision-making, and for the coordination, control, analysis, and visualization of information in an organization. The study of the management information systems involves people, processes and technology in an organizational context. In other words, it serves, as the functions of controlling, planning, decision making in the management level setting.
AVEVA Group plc is a British multinational information technology consulting company headquartered in Cambridge, England. The company started as the Computer-Aided Design Centre which was created in Cambridge in 1967 by the UK Ministry of Technology and Cambridge University.
BigMachines, now Oracle Configure, Price, Quote (CPQ), was a software company founded in 2000 by Godard Abel and Christopher Shutts, which was acquired by Oracle in 2013. The software is designed to integrate with enterprise resource planning (ERP), customer relationship management (CRM), and other business systems to help companies automate the sales process. It specializes in software for configure, price and quote (CPQ). It can be used by internal teams, channel partners, VARs, distributors, customers, and outside representatives and partners.
Business analytics (BA) refers to the skills, technologies, and practices for iterative exploration and investigation of past business performance to gain insight and drive business planning. Business analytics focuses on developing new insights and understanding of business performance based on data and statistical methods. In contrast, business intelligence traditionally focuses on using a consistent set of metrics to both measure past performance and guide business planning. In other words, business intelligence focusses on description, while business analytics focusses on prediction and prescription.
Supply-chain-management software (SCMS) is the software tools or modules used in executing supply chain transactions, managing supplier relationships and controlling associated business processes. Supply chain management maximizes the efficiency of business activities that include planning and management of the entire supply chain. It helps businesses in product development, sourcing, production, and logistics by automating operations. In this way, it increases the physical flow of business as well as informative flow. The entire business benefits with higher performance, greater cost-efficiency, and thus increased supply chain efficiency.
Customer analytics is a process by which data from customer behavior is used to help make key business decisions via market segmentation and predictive analytics. This information is used by businesses for direct marketing, site selection, and customer relationship management. Marketing provides services to satisfy customers. With that in mind, the productive system is considered from its beginning at the production level, to the end of the cycle at the consumer. Customer analytics plays an important role in the prediction of customer behavior.
ILOG S.A. was an international software company purchased and incorporated into IBM announced in January, 2009. It created enterprise software products for supply chain, business rule management, visualization and optimization. The main product line for Business Rules Management Systems (BRMS) has been rebranded as IBM Operational Decision Management. Many of the related components retain the ILOG brand as a part of their name.
Samsung SDS Co., Ltd., Established in 1985 as a subsidiary of Samsung Group, is a provider of Information Technology (IT) services, including consulting, technical, and outsourcing services. SDS is also active in research and development of emerging IT technologies such as Artificial Intelligence (AI), Blockchain, Internet of Things (IoT) and outsourcing in engineering. In 2019, Samsung SDS reported a net profit of 750.4 billion won, an increase of 17.5% year-on-year. The company is estimated to have the 11th most valuable brand among global IT service companies, at US$3.7 billion as of January 2020. Samsung SDS has headquarters in South Korea and eight other overseas subsidiaries, one in America, Asia-Pacific, China, Europe, Latin America, Middle East, India, and Vietnam.
Petrolsoft Corporation (1989–2000) was a supply chain management software company with a focus on the petroleum industry. Petrolsoft Corporation was founded at Stanford University in 1989 by Bill Miller and David Gamboa as Petrolsoft Software Group. It was later incorporated in 1992. Petrolsoft introduced demand-driven inventory management to the petroleum industry.
AIMMS is a prescriptive analytics software company with offices in the Netherlands, United States and Singapore.
KBC Advanced Technologies Ltd is a technology-based consulting company in the energy and chemical industries. It is headquartered in Walton on Thames in England and the company has offices worldwide, with major operations in Houston and Singapore. Founded in 1979 by Krikor Krikorian, John Brice and Peter Close, the name KBC was formed by the initial letters of their surnames. In 2016, KBC was acquired by Yokogawa.
Quintiq is a Dutch company that develops planning, scheduling and supply chain optimization software. The company is headquartered in 's-Hertogenbosch and its North American headquarters are in Radnor, Pennsylvania. As of October 2014, the company is known as DELMIA Quintiq.
Prescriptive analytics is a form of business analytics which suggests decision options for how to take advantage of a future opportunity or mitigate a future risk, and shows the implication of each decision option. It enables an enterprise to consider "the best course of action to take" in the light of information derived from descriptive and predictive analytics.
Zbigniew Michalewicz is an entrepreneur, author and professor in the fields of mathematical optimisation and new technologies. He is the author of over 250 articles and 25 books which have been widely cited. He is the co-founder of NuTech Solutions, SolveIT Software, and Complexica where he currently serves as the Chief Scientific Officer.
Matthew Michalewicz is an Australian entrepreneur and author with experience in the fields of technology, commercialization and supply chain management. He is the co-author of a number of books and publications, some of which have been adapted into courses on problem solving in colleges and universities. He is the co-founder of NuTech Solutions, SolveIT Software, and Complexica, companies that he started with his father Zbigniew Michalewicz. In 2012, SolveIT Software Pty Ltd, was acquired by Schneider Electric.
OpenNN is a software library written in the C++ programming language which implements neural networks, a main area of deep learning research. The library is open-source, licensed under the GNU Lesser General Public License.
Himanshu Gupta is an Indian American energy policy expert, engineer and entrepreneur in climate change. He is the co-founder and chief executive officer of ClimateAI, which was recognized in 2022 by Time magazine as one of the greatest innovations of that year.
Optym is a privately held company founded in 2000 by Dr. Ravindra K. Ahuja as Innovative Scheduling, Inc. The company headquarters is situated on 10 acres in Dallas, Texas, and additional offices are located in Yerevan, Armenia; Bangalore, India; and Perth, Australia.
