Our CTO Dr. Meinolf Sellmann will speak on a panel about the return of investment of AI. Unlike machine learning, which often makes vague promises about the value of "insights," optimization technology provides tangible and measurable value for businesses.
The common practice of optimization companies to measure ROI as improvements achieved in the mathematical model is detrimental, though. The business impact of improved operational plans has to be measured over weeks in the business itself. This is needed because the mathematical model is always only an approximation of reality. Particularly the common practice to ignore the uncertainty in forecasts frequently leads to poor operational results.
InsideOpt Seeker is the only commercial optimization solver that addresses this issue by providing first-class modeling concepts for stochastic data inputs.
