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Prescriptive Analytics

Using the most state-of-the-art tools to help you make better decisions

Prescriptive analytics assists in the construction of models that use forecasting and optimization techniques to prescribe decisions or actions to take, that is, recommendations that can lead to important decisions. Prescriptive analytics quantifies the effect of future decisions to advise on possible outcomes before the decisions are actually made. For example, a model to investigate various interesting scenarios before making any investment.

Prescriptive analytics use a combination of techniques and tools such as business rules, algorithms, machine learning and computational modelling procedures. These techniques are applied against input from many different data sets including historical and transactional data, real-time data feeds, and big data. The techniques of prescriptive analytics are used to develop an optimal strategy when a decision maker is faced with several decision alternatives and an uncertain set of future events.

Not only do we provide you with predictive models, but we also help you select the best alternatives for planning, resources usage, operations optimization, promoting increased productivity, quality and profits:

Reinforcement Learning Systems

One way to implement descriptive analytics is by using reinforcement learning systems. Reinforcement learning consists of a machine or software agent learning to optimize a decision process. Its applications include improvements in resources management such as staff scheduling or transportation logistics.

Multi-Agents Systems

Another way to implement descriptive analytics is using multi-agent systems. Multi-agent systems are made up of multiple intelligent agents that interact in order to optimize a decision. Multiple agents compete or collaborate to optimize decisions using game theory and reinforcement learning. Multi-agent systems can solve problems that are difficult or impossible for an individual agent to solve. We have experience in projects that make use of reinforcement learning techniques and multi-agent systems.

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We are more than thrilled to work with your business. Fidelis Engineering offers a variety of services that meet your needs.

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