Services
Decision Optimization
Decision optimization is a mathematical technique used to help companies make complex business decisions involving multiple trade-offs, complex business rules, and potential opportunities to be resilient against business disruptions. This advanced analytic technique is often used for planning, scheduling, and pricing, as well as other business applications. Although the benefits of decision optimization are recognized in many industries, this powerful technology is still underutilized and has not got well deserved attention.
Selco’s Data Analytics experts have enabled many customers benefit from our modeling and optimization capabilities. Our teams are set up to identify among different data analytics techniques, the most appropriate option for your specific needs. We can offer both traditional and non-traditional optimizations methods, and if needed we can quickly build custom applications for business users to integrate our solutions into repeatable processes.
Predictive analytics provides a prediction or insight into what is likely to happen and decision optimization offers the best recommendation from a set of possible actions. The challenge is how to make business decisions when insights are translated into actions. Selco can provide such integrated forecasting and optimization solutions helping organizations to take data, extract insights from it, and determine what is the best action based on those insights.
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