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INCLINE VILLAGE, Nev., July 14, 2020 /PRNewswire-PRWeb/ -- Frontline Systems has released a major new version of Analytic Solver®, its toolset for Excel for the Web, Windows and Macintosh, that greatly simplifies the normally-arduous task of deploying an analytic model for use across an organization.
Analytic Solver works in Microsoft Excel to enable business analysts who aren't data scientists to build and solve analytic models themselves. It is upward compatible from the Solver in Excel, which Frontline originally developed for Microsoft. Analytic Solver works with RASON, Frontline's Azure-hosted platform, to empower users to 'publish' and manage analytic models as RESTful decision services, easily usable in Power BI, Power Apps, Power Automate, or any application that can consume JSON or OData.
New in this release, Excel workbook models built with Analytic Solver can be 'used as-is' on the RASON Server. Among other benefits, this means that users of @RISK, a popular desktop-only Excel add-in for Monte Carlo simulation and risk analysis from Palisade Corporation, can easily convert their models to Analytic Solver, where they can be run in Excel for the Web, published to RASON without coding, and managed as RESTful cloud services.
'We're enabling business analysts to fully utilize their Excel skills, without having their models 'trapped on a desktop' or limited to use data in one workbook,' said Daniel Fylstra, Frontline's President and CEO. 'Analytic Solver and RASON users can 'move beyond Excel' to gain cloud-based model and data management and governance, without losing the advantages of Excel.'
Results from Analytics in Months, not Years
Analytic Solver plus RASON is a complete 'decision management suite' that supports the full range of business rules, forecasting, machine learning, optimization and simulation methods, from small models to large, multi-stage analytics workflows. But unlike other platforms that require extensive implementation consulting, six- to seven-figure budgets and year-long deployment schedules, Frontline's tools enable a company's own staff to get results in months, by leveraging what they already have: business expertise and Excel skills for model creation, modern low-code/no-code tools such as Power Apps and Power Automate for model deployment, and Office 365, Dynamics 365, Common Data Service, OneDrive, and CData's Cloud Hub tools for data management. By leveraging OData standards, RASON enables easy use of analytic model results as data – a key idea.
Major enhancements introduced in this Analytic Solver release include:
- New Deployment Wizard enables business analysts to create RESTful services themselves
- Manage Models dialog enables monitoring of deployed cloud services from within Excel
- Multi-stage 'data science flows' in Analytic Solver are deployed as RASON decision flows
- Analytic models in Excel or RASON work in Power BI, Tableau, server and desktop apps
- 15 new PSI Simulation Functions enable easy cloud use of time series simulation methods
- 9 new PSI Optimization Functions enable live sensitivity results on worksheets
More major Analytic Solver enhancements introduced in 2020 include: Ableton 10 r2r keygen.
- DMN- and FEEL-compatible decision tables enable business rule creation and testing in Excel
- 36 new/enhanced PSI probability distribution, statistics and property functions for simulation
- Faster LP/Quadratic Solver for linear, quadratic (LP/QP) and mixed-integer (MIP) models
- New versions of Gurobi Solver, Xpress Solver, and Artelys Knitro Solver engines
Free Trials, Learning and Coaching Resources
Business analysts and developers can sign up for free trial accounts to evaluate Analytic Solver and RASON together at https://www.solver.com, and RASON alone at https://rason.com. They can use tools to create and solve models in Excel and RASON, exercise the REST API, try out dozens of example models illustrating use of decision tables, predictive models and machine learning, optimization and simulation, and download the Analytic Solver and RASON User Guides and Reference Guides in PDF form. For more information please contact sales@solver.com.
Frontline Systems Inc. (https://www.solver.com) is the alternative to analytics complexity, helping business analysts and managers gain insights and make better decisions for an uncertain future, without the cost, delays and risk of 'big vendor' tools. Its products integrate forecasting and data mining for 'predictive analytics,' Monte Carlo simulation for risk analysis, conventional and stochastic optimization for 'prescriptive analytics,' and business rules and Excel calculations to make the best business decisions. Founded in 1987, Frontline is based in Incline Village, Nevada (775-831-0300).
Microsoft Excel, Office 365, Dynamics 365, Power BI, Power Apps, and Power Automate are trademarks of Microsoft Corp. CData Cloud Hub is a trademark of CData Software Inc. @RISK is a trademark of Palisade Corp. RASON® and Analytic Solver® are registered trademarks of Frontline Systems Inc.
SOURCE Frontline Systems Inc.
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from DSSResources.comNew Risk Solver™ engine offers interactive simulation, making risk analysis as easy as 'What If' in Microsoft Excel
INCLINE VILLAGE, NV, April 17, 2006 -- Frontline Systems is making its new Risk Solver Engine for Simulation available for free download and evaluation at www.solver.com/rse during a six-week period from mid-April to the end of May 2006.
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Risk Solver Engine is a new approach to Monte Carlo simulation that enables Excel users to play 'what if' with uncertain values as easily as they do with ordinary numbers. Each time a user changes a number on the spreadsheet, a simulation with thousands of trials is performed -- often in no more time than a single spreadsheet recalculation -- and the full range of simulation results and statistics may be displayed. Users programming in Excel's VBA language can fully control the Engine and build custom applications.
'Risk Solver Engine provides the easy to use, lightning-fast Interactive Simulation in Excel that I've envisioned,' said Dr. Sam Savage, president of AnalyCorp, consulting professor at Stanford University, and a noted authority on Monte Carlo simulation. 'It has the potential to do for uncertainty what the spreadsheet did for numbers.'
'We're making this technology available for experimental use by application developers who want to bring the power of simulation-based risk analysis to a much wider audience of users,' said Daniel Fylstra, president of Frontline Systems. 'Risk Solver Engine makes it exceptionally easy to create applications that empower users to understand and deal with risk.'
Proven PSI Technology Key to Speed
Risk Solver Engine uses Frontline's Polymorphic Spreadsheet Interpreter technology to achieve breakthrough simulation speeds -- up to 100 times faster than normal Excel-based Monte Carlo simulation -- thus making Interactive Simulation practical every time a user changes a number on the spreadsheet.
PSI Technology was first developed to greatly enhance the performance of the Premium Solver Platform, Frontline's leading product for optimization in Microsoft Excel. Licensed by Frontline to Denver-based Decisioneering Inc., it also powers the Extreme Speed feature of Crystal Ball, Decisioneering's leading product for Monte Carlo simulation in Microsoft Excel.
Support for Probability Management Concepts
Risk Solver Engine supports the practice of Probability Management and Coherent Modeling in large organizations, proposed by Dr. Savage. In addition to Interactive Simulation on every spreadsheet recalculation, the Engine directly supports Stochastic Libraries, both on the Excel spreadsheet and in Excel VBA. Certification Authorities such as the 'Chief Probability Officer' proposed by Dr. Savage can approve such libraries for use in the Risk Solver Engine.
Models Created with Excel Functions or VBA Code
Risk Solver Engine is aimed at consultants, modelers and application developers, rather than end users who might use the graphical user interfaces (GUIs) of simulation products such as @RISK from Palisade Corp. and Crystal Ball from Decisioneering Inc.
Risk Solver Engine provides no GUI, but it defines over 70 new functions that can be used in Excel formulas to create Monte Carlo simulation models and access simulation results. It also provides a complete object model in Excel VBA that enables Visual Basic programmers to quickly create custom risk analysis applications.
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Uncertain inputs or 'random variables' can be defined either with functions such as PsiUniform() and PsiNormal() that define analytic probability distributions, or with a PsiSlurp() function that supplies a Stochastic Library Unit, Relationships Preserved (SLURP). Property functions may be used to specify correlations between random variables, shifting and truncation of distributions, and the like. And statistics functions such as PsiMean(), PsiVariance() and PsiPercentile() can be used to access simulation results -- instantly on every spreadsheet recalculation.
The easy-to-use VBA object model allows the user to define uncertain inputs and properties such as correlations, perform simulations, and access statistics and other simulation results -- at a high level with all the power of the function-based approach. The full Excel object model, including worksheets, charts, database access, custom user interface elements, and the like is also available in VBA, making it exceptionally easy to create custom applications.
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Although terms and conditions are yet to be determined, Frontline Systems envisions that consultants and application developers will be able to use Risk Solver Engine to create a wide range of custom applications that may be offered to clients or distributed commercially. Dr. Savage's firm AnalyCorp is in the process of creating custom applications for clients in several fields, ranging from oil exploration for a global firm to retirement planning for individuals.
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Dr. Savage expects that 'Interactive simulation models throughout organizations will serve as light bulbs, illuminating risk and uncertainty. But instead of electricity they will be powered by centrally certified stochastic libraries.' Risk Solver Engine provides the technology for a more intuitive approach to dealing with uncertainty in millions of decisions made by businesses and individuals every day.
About Frontline Systems, Inc.
Frontline Systems, Inc. (www.solver.com) is a leading developer of optimization and simulation software, and the leader in spreadsheet optimization software that helps analysts and managers optimally allocate scarce resources -- money, equipment, and people -- to realize substantial cost savings. Frontline developed the solvers/optimizers in Microsoft Excel, Lotus 1-2-3 and Quattro Pro, distributed to more than 100 million spreadsheet users. Founded in 1987, Frontline is headquartered in Incline Village, Nevada (775-831-0300 or info@solver.com).