Monte Carlo Simulation First of a Series of Next Generation,High-Performance Analytics Services
Oct. 6, 2009 (Business Wire) -- Pervasive Software® Inc. (NASDAQ:PVSW), an emerging leader in enabling next-generation data-intensive applications and data analytics, and Aha! Software LLC, a recognized innovator in breakthrough SaaS analytics for business, today jointly announced the beta users program for Strato-Studio, an innovative, cloud-based high-performance analytics services platform available on Amazon EC2. Combining Aha! Software’s Analytics Management System and high-performance parallel data processing from Pervasive DataRush™, Strato-Studio serves as the industry’s premier on-demand analytics services platform for data miners and business users.
Powered by Pervasive DataRush and developed on the Aha! analytics services platform, Strato-Studio’s initial service is enhanced and on-demand Monte Carlo simulation. This innovation protects users from encountering the traditional scalability, speed and productivity limitations of Monte Carlo simulations on desktop applications. Strato-Studio empowers business professionals to stage Monte Carlo simulations using a powerful yet simple Excel-based template without having to understand PMML (Predictive Model Markup Language), which ensures errors are discovered prior to running simulations.
“Monte Carlo simulation is the most powerful way for businesses to make smart decisions in a sea of uncertainties," said Dr. John Elder, CEO of Elder Research, Inc. (www.datamininglab.com), the country's largest consultancy for data mining and predictive analytics. "Strato-Studio's triangular distributions are easy to use to get a handle on even complex systems, and its PMML Generator makes implementation straightforward. We're excited about applying it to our own resource planning models, as well as in client consulting engagements."
“As a data mining professional, I regularly apply regression techniques using data mining methodologies to build models which score files containing millions of customers and prospects to estimate or predict their propensity to buy, expected level of expenditure, probability of retention, etc. Strato-Studio’s Monte Carlo simulation can be easily used on my predictions to simulate the actual range of business outcomes which can be expected, for example, transforming standard error of predictions into statistics that can be easily used and understood,” said Mark Yuhn, President of Integrant Analytics. “In the past, simulation using large commercial files has been difficult, cumbersome, and even infeasible.