Partnership to Leverage Fuzzy Logix’ Quantitative Models and Web-based Solutions with Netezza’s Performance and Simplicity
CHARLOTTE, N.C., October 29, 2008 – Fuzzy Logix today announced its partnership with data warehouse and analytic appliance leader Netezza. This partnership will marry the Netezza platform with Fuzzy Logix’ quantitative models and web-based solutions to provide turn-key solutions capable of handling advanced analytics on very large amounts of data while eliminating the need for long, capital-intensive development projects. Together Netezza and Fuzzy Logix will help create the world’s first Quantitatively Driven Companiestm, providing solutions that drive higher sales, support better planning and optimize operations by leveraging math and artificial intelligence on the Netezza platform.
Fuzzy Logix has demonstrated analytic solutions, including internet marketing optimization, behavioral segmentation, forecasting and prediction and inventory optimization, which run orders-of-magnitude faster on the Netezza platform.
Specifically for financial services companies, a few of the applications created include:
- Portfolio Optimization – for portfolios that include a broad range of asset classes such as equity, credit and hedge funds.
- Forecasting and Simulation– these are advanced solutions used to manage interest rates, capital reserves, credit spreads, pricing and other areas.
- Portfolio Risk Management Solutions- based on correlated as well as uncorrelated losses.
- Enterprise Valuation – our models that are especially effective under conditions of uncertainty.
According to Fuzzy Logix, CEO Partha Sen, “The power of the Netezza platform and the introduction of OnStream™ analytics have created a perfect host environment for hundreds of our quantitative models. When performing complex analysis on massive data sets, companies no longer have to wait hours for results but instead receive them almost immediately. For situations like investment banking, time is truly of the essence since market conditions change so fast that long wait times for results can cost millions of dollars.”
Netezza’s Kim Strayer, director of channel sales, agrees. “With the ability to leverage the many Fuzzy Logix algorithms that are now available on our platform, companies of all types can rapidly derive the value created by this partnership. In addition, Fuzzy Logix’ extensive experience porting existing applications means that implementation occurs very quickly.”
For companies adopting the Netezza platform who have existing quantitative models, Fuzzy Logix also provides consultative services that leverage its vast array of technical and modeling experience to help organizations optimize existing models and add new capabilities. These services leverage Fuzzy Logix’s technology while also making the most of the company’s human capital in support of existing teams.
Netezza is the global data warehouse and analytic appliance leader, dramatically simplifying high-performance analytics for business users across the extended enterprise, delivering significant competitive and operational advantage in today’s information-intensive marketplaces. The Netezza Performance Server® (NPS®) family of streaming analytic™ appliances brings appliance simplicity to a broad range of complex data warehouse and analytic challenges. Customers who have realized the benefits of Netezza appliances include Ahold, Amazon.com, CNET Networks, Debenhams, Department of Veterans Affairs, Epsilon, Nationwide, Neiman Marcus, Orange UK, Premier, Inc., Ross Stores, Ryder System, Inc., The Carphone Warehouse and Virgin Media. Based in Marlborough, Mass., Netezza has offices in Washington, DC, the United Kingdom and Asia Pacific. For more information about Netezza, please visit www.netezza.com.
About Fuzzy Logix
Fuzzy Logix, LLC is a high-tech business advisory company. The idea behind the company was conceived in 1995 and since then, extensive research efforts have been undertaken to develop the technical infrastructure and mathematical algorithms required for our solutions.
Our solutions have many applications, but the bottom line is that by putting powerful predictive analytics, which require no programming or quantitative teams, on the desktops of your company’s decision makers, you get results heretofore only available to the largest of companies. We deliver all of this at a fraction of the cost of traditional solutions. In fact, we are currently delivering a 10:1 return on investment for our clients.
At Fuzzy Logix, our vision is to use artificial intelligence and sophisticated quantitative techniques to solve complex business problems faced by businesses as well as mankind. We aim to deliver a rich suite of advanced analytics and predictive algorithms to solve problems specific to each company and industry and provide them with competitive advantage at an affordable cost.