|By PR Newswire||
|March 24, 2014 08:30 AM EDT||
SAN JOSE, Calif., March 24, 2014 /PRNewswire/ -- FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced that researchers at the California-based Lawrence Livermore National Laboratory (LLNL) will include the FICO® Xpress Optimization Suite in their work to determine the lowest-cost scheduling of electric power grids. This is part of the Lab's work on large-scale renewable energy integration.
"We are researching ways to determine which power generators to operate, and how much power to produce at each generator, to meet demand for a region at the lowest cost," said Deepak Rajan, an Operations Research expert at LLNL's Center for Applied Scientific Computing. "Typically, this is solved at many time-scales, from long-term planning all the way down to day-ahead operations planning. Our work involves solving the 'stochastic unit commitment problem,' which attempts to capture the uncertainty in the system, including such weather components as temperature, wind speed, and cloud cover. This problem can be cast as an extremely large-scale mixed integer linear program — to be solved on thousands of CPU cores in parallel — which is well-suited for the FICO software."
"FICO offers the best solution for implementing parallel optimization algorithms, which I see as a major area of industrial application and academic research," said Anthony Papavasiliou, an assistant professor in the Center for Operations Research and Econometrics of the Catholic University of Louvain, Belgium, who is collaborating with Lawrence Livermore National Laboratory on the energy problem. "This is due to the integrated offering of a math programming language, Mosel, that can handle processor communication for parallel algorithms, and a solver that is one of the most competitive commercial solvers in the market. My interaction with the company has been extremely positive, and they have responded immediately to even the most detailed technical questions."
Papavasilou notes that he also uses another optimization software program, but chose Xpress for this extremely challenging work. "Running some programs in parallel in order to implement decomposition algorithms requires two layers of programming," he said. "This introduces significant implementation inefficiencies and delays, because the two layers may be implemented in different languages, and it makes the description of a math program a tedious task. Xpress, with its integrated solution to the parallel programming of decomposition algorithms, is a better solution for this kind of problem."
Lawrence Livermore National Laboratory's mission is to strengthen the United States' security through the development and application of world-class science and technology. The Lab primarily performs work for the U.S. Department of Energy's National Nuclear Security Administration. LLNL also applies its capabilities to such challenges as energy, climate change and boosting the nation's economic competitiveness.
FICO® Xpress Optimization Suite software is a platform for building optimization solutions that drive business process improvements. The Xpress Optimization Suite provides easy ways to create, deploy and utilize business optimization solutions based on scalable high-performance algorithms, a flexible modeling environment, and rapid application and reporting capabilities for on-premise and cloud installations.
FICO (NYSE: FICO), formerly known as Fair Isaac, is a leading analytics software company, helping businesses in 90+ countries make better decisions that drive higher levels of growth, profitability and customer satisfaction. The company's groundbreaking use of Big Data and mathematical algorithms to predict consumer behavior has transformed entire industries. FICO provides analytics software and tools used across multiple industries to manage risk, fight fraud, build more profitable customer relationships, optimize operations and meet strict government regulations. Many of our products reach industry-wide adoption. These include the FICO® Score, the standard measure of consumer credit risk in the United States. FICO solutions leverage open-source standards and cloud computing to maximize flexibility, speed deployment and reduce costs. The company also helps millions of people manage their personal credit health. FICO: Make every decision count™. Learn more at www.fico.com.
For FICO news and media resources, visit www.fico.com/news.
FICO and "Make every decision count" are trademarks or registered trademarks of Fair Isaac Corporation in the US and other countries.
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using the URL as a basic building block, we open this up and get the same resilience that the web enjoys.
Nov. 25, 2014 09:30 PM EST Reads: 868
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Nov. 25, 2014 09:30 PM EST Reads: 924
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Nov. 25, 2014 08:00 PM EST Reads: 1,301
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Nov. 25, 2014 07:00 PM EST Reads: 1,089
Enthusiasm for the Internet of Things has reached an all-time high. In 2013 alone, venture capitalists spent more than $1 billion dollars investing in the IoT space. With "smart" appliances and devices, IoT covers wearable smart devices, cloud services to hardware companies. Nest, a Google company, detects temperatures inside homes and automatically adjusts it by tracking its user's habit. These technologies are quickly developing and with it come challenges such as bridging infrastructure gaps, abiding by privacy concerns and making the concept a reality. These challenges can't be addressed w...
Nov. 25, 2014 04:30 PM EST Reads: 1,162
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at Internet of @ThingsExpo, James Kirkland, Chief Architect for the Internet of Things and Intelligent Systems at Red Hat, described how to revolutioniz...
Nov. 24, 2014 07:00 PM EST Reads: 1,561
Bit6 today issued a challenge to the technology community implementing Web Real Time Communication (WebRTC). To leap beyond WebRTC’s significant limitations and fully leverage its underlying value to accelerate innovation, application developers need to consider the entire communications ecosystem.
Nov. 24, 2014 12:00 PM EST Reads: 1,437
The definition of IoT is not new, in fact it’s been around for over a decade. What has changed is the public's awareness that the technology we use on a daily basis has caught up on the vision of an always on, always connected world. If you look into the details of what comprises the IoT, you’ll see that it includes everything from cloud computing, Big Data analytics, “Things,” Web communication, applications, network, storage, etc. It is essentially including everything connected online from hardware to software, or as we like to say, it’s an Internet of many different things. The difference ...
Nov. 24, 2014 11:00 AM EST Reads: 1,574
Cloud Expo 2014 TV commercials will feature @ThingsExpo, which was launched in June, 2014 at New York City's Javits Center as the largest 'Internet of Things' event in the world.
Nov. 24, 2014 09:00 AM EST Reads: 1,586
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, phone and digital TV services to consumers primarily in rural areas.
Nov. 23, 2014 07:30 PM EST Reads: 1,777
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Nov. 23, 2014 12:00 PM EST Reads: 1,716
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Nov. 23, 2014 07:45 AM EST Reads: 1,726
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Nov. 22, 2014 05:30 PM EST Reads: 1,467
ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ -- IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and delivery with a single-tenant version of Bluemix, IBM's platform-as-a-service. The new platform enables developers to build ap...
Nov. 22, 2014 05:30 PM EST Reads: 1,534
Technology is enabling a new approach to collecting and using data. This approach, commonly referred to as the "Internet of Things" (IoT), enables businesses to use real-time data from all sorts of things including machines, devices and sensors to make better decisions, improve customer service, and lower the risk in the creation of new revenue opportunities. In his General Session at Internet of @ThingsExpo, Dave Wagstaff, Vice President and Chief Architect at BSQUARE Corporation, discuss the real benefits to focus on, how to understand the requirements of a successful solution, the flow of ...
Nov. 21, 2014 08:00 PM EST Reads: 1,538
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Nov. 21, 2014 08:00 PM EST Reads: 1,463
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Nov. 21, 2014 07:00 PM EST Reads: 1,391
Focused on this fast-growing market’s needs, Vitesse Semiconductor Corporation (Nasdaq: VTSS), a leading provider of IC solutions to advance "Ethernet Everywhere" in Carrier, Enterprise and Internet of Things (IoT) networks, introduced its IStaX™ software (VSC6815SDK), a robust protocol stack to simplify deployment and management of Industrial-IoT network applications such as Industrial Ethernet switching, surveillance, video distribution, LCD signage, intelligent sensors, and metering equipment. Leveraging technologies proven in the Carrier and Enterprise markets, IStaX is designed to work ac...
Nov. 20, 2014 09:15 PM EST Reads: 1,446
C-Labs LLC, a leading provider of remote and mobile access for the Internet of Things (IoT), announced the appointment of John Traynor to the position of chief operating officer. Previously a strategic advisor to the firm, Mr. Traynor will now oversee sales, marketing, finance, and operations. Mr. Traynor is based out of the C-Labs office in Redmond, Washington. He reports to Chris Muench, Chief Executive Officer. Mr. Traynor brings valuable business leadership and technology industry expertise to C-Labs. With over 30 years' experience in the high-tech sector, John Traynor has held numerous...
Nov. 20, 2014 06:00 PM EST Reads: 1,385
The 3rd International @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades.
Nov. 20, 2014 01:00 PM EST Reads: 1,663