River Logic sole provider to offer fully code-free optimization platform
DALLAS – June 11, 2015 – River Logic Inc., a leading provider of prescriptive analytics and integrated business planning (IBP) software, proudly announced that it has been named by Gartner Inc. as one of 7 major optimization software platforms1.
Gartner defines optimization as “a type of prescriptive analytics that finds a "best" solution from a set of "feasible" solutions, using a mathematical algorithm that maximizes or minimizes a specified objective function subject to constraints.” Optimization platforms are defined as “application design and authoring environments that allow skilled users to specify an optimization problem, design and run scenarios, and create a wide range of optimization applications.”
In the report, Gartner predicts that “by 2018, optimization will no longer be a niche discipline; it will become a best practice for leading organizations to address a wide range of complex business decisions.”
River Logic’s inclusion in this Gartner Market Guide for Optimization Solutions serves as a testimonial to the successes that its customers and partners are experiencing by adopting the company’s innovative technology, in particular enabling business analysts to create optimization models that reflect real-world complexity and deliver measureable value in just weeks vs. months or years, as is the norm with older generation programming languages. River Logic is the only provider to offer a “fifth generation language” (5GL), which means models are built in natural language using a drag and drop interface. Users rely on embedded knowledge and never write code to define equations.
“We are delighted with the focus on the category of prescriptive analytics and optimization, and to be recognized by Gartner based on our product and market traction,” said River Logic President Carlos Centurion. “As we have seen with our customers, optimization unlocks incredible value for organizations and our focus at River Logic is on democratizing access through a great user experience and access to a wealth of intellectual property that accelerates time to value. As a result of this focus, we are getting embedded into operational systems and getting connected with a larger set of users within the enterprise.”
1 Gartner Market Guide for Optimization Solutions, Lisa Kart, May 28, 2015
About River Logic Inc.
River Logic provides prescriptive analytics and integrated business planning through the Enterprise Optimizer® (EO) and IBP platform products. EO provides unique insights into decision-making and significant gains in efficiency, cost and risk over traditional approaches. Clients leverage EO and IBP to make better operational, tactical and strategic decisions that integrate business planning. River Logic partners drive business transformation through rapid consulting projects and extend their analytic capabilities by easily embedding EO into their own solutions. For more information, please visit www.riverlogic.com.