"You are talking about hundreds of thousands of products that need to be price-optimized a couple times per day," Simchi-Levi said, referring to one international retailer Opalytics is currently working with. "You aren't going to do that on a PC-based application," he added.
The Opalytics platform runs on Amazon.com's AWS Cloud technology. The solutions will be sold on a subscription pricing basis, Edith Simchi-Levi told SCDigest.
Analytics Development on the Platform by Other Companies
In addition to the four packaged applications Opalytics, the company will make its platform available to other companies to build their own analytic applications. That could be other technology providers, or operations research or other functions in regular companies.
Simchi-Levi says that because the Opalytics platform is built on the Cloud with all the latest technologies, it may be much easier for other companies to develop and maintain analytic solutions than using their existing, internal platforms.
Opalytics uses the Gurobi optimization engine, developed by the same people that earlier built the well-known and highly adopted CPLEX optimization tool many years ago.
In addition to the Gurobi- based solver technology, Opalytics' platform offers a variety of other tools to develop analytics applications, from a secure user interface to data management and data visualization.
SCDigest's take: The four packaged applications from Opalytics provide an interesting mix of existing solutions (network design and invetory optimization) on a Cloud-based platform combined with two other more new-to-market solutions, providing a unique set of capabilities.
That story is compelling enough on its own, but the potential for companies to leverage the platform to create their own optimization and analytic applications could not only provide a better path for internal operations research groups, it could actually help reverse the general trend towards less investment in these areas by delivering faster and stronger payback from such analytic efforts.
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