A World of Data
Making business decisions to cut costs, serve customers and increase revenues is increasingly difficult year after year due, to market interruptions, resource volatility, and economic interruptions.
In the age of 'big data', the opportunities to find information that could lead to positive impact and a better understanding of the future have revolutionized the science of decisions.
But data alone is not the answer.
With the power of Artificial Intelligence, Predictive Analytics, Simulation and
Mathematical Optimization techniques, ACT OR builds strategic and tactical models
for any business sector to better predict future results and trends
for cost savings and revenue growth purposes.
Operations Research (OR) is the science dealing with the application of advanced analytics to support decisions and generally the governance of processes and systems.
It permits an analyst to find the optimal solution for a wide range of problems. For example to calculate the optimal routing of vehicles, to estimate the optimal planning of resources, to define the optimal quantity for the inventory, to calculate the optimal sales prices of products etc.
A discrete-event-simulation (DES) is used to represent and study the evolution of a system as a discrete sequence of events.
In these type of models, the state of the system changes at specific instants over time. The significant advantage provided by this type of simulation is the capability to capture the operation and the behavior of complex systems. Typically DES is used to analyze a supply chain, factories, distribution centers, warehouses, hospitals, etc. It is the best tool to support process re-engineering.
Artificial Intelligence (AI) is usually defined as the application of "intelligent agents", able to perceive the environment (e.g., object identification in the space where a robot is moving or the competitive context and consumer preferences in a market analysis framework) and take actions to maximize chance of success at some goal (e.g., autonomously avoiding collision in an Autonomous Vehicle or correctly estimate the impact of a price range).
These abilities are mostly linked to Machine Learning (ML) through which such agents learn from their “experience” and external inputs.
Forecasting is the process of making predictions of the future based on past and present, historical data and most commonly by analysis of trends.
It is a systematic attempt to understand the future performance of a business or the behavior of a system. The understanding of the influencing variables, is an important component to improve the quality of the forecast.
ACT Operations Research is since 1996 a reliable partner for Control and Automation Projects.
Our Process&Control division is qualified in the design of plant control, automation and protection, in simulation and dynamic control of industrial processes in different fields like ENERGY, PETROCHEMICAL and OIL&GAS. We are constantly up-to-date with industrial technologies’ state of the art, as well as international standards and normatives evolution.
Cannot figure out how to find economic value with all your data and complex operations?
Bloomy Decision offers a modern analytical based solution.
Enter here for more on Bloomy Decision:
the multi-analytical comprehensive decision science platform by ACT OR
With Bloomy Decision, we're able to connect data and people to help you understand and identify issues before they even occur.
It is in this spirit that ACT OR has collaborated with major companies to implement the concept of analytical decision-making that reduces risk profiles and increases revenues.
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