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IBM Decision Optimization
4.4
39
IBM Decision Optimization is a family of prescriptive analytics products that uses mathematical and AI techniques to help with business decision-making. It includes powerful optimization solvers like CPLEX Optimizer and CP Optimizer to solve optimization problems. IBM ILOG CPLEX Optimization Studio is a product within this portfolio that allows users to develop optimization models using general programming language APIs or Optimization Programming Language (OPL). IBM Decision Optimization is also included within Watson Studio Premium for Cloud Pak for Data to enable data science teams to build innovative solutions using a combination of techniques like machine learning and optimization. Organizations across industries are using IBM Decision Optimization solutions to run their mission-critical decision-making applications and have benefited by way of reduction in operating costs, increase in revenue and accelerated time to value.
Strengths
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Efficient optimization
Can solve complex optimization problems quickly
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Flexible modeling
Can model a wide range of business problems
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Integration with IBM Watson
Can leverage machine learning and AI capabilities of IBM Watson
Weaknesses
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Expensive
Pricing may be prohibitive for small businesses
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Steep learning curve
May require significant training to use effectively
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Limited visualization capabilities
May not provide sufficient visualization of optimization results
Opportunities
- Increasing need for businesses to optimize operations and reduce costs
- Opportunity to expand into industries beyond current customer base
- Opportunity to integrate with other software providers to offer more comprehensive solutions
Threats
- Other providers may offer similar or better solutions
- Growing popularity of open-source software may reduce demand for proprietary solutions
- Reduced demand for optimization solutions during economic downturns
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IBM Decision Optimization Plan
IBM Decision Optimization offers a flexible pricing model based on usage and version features, with no upfront costs.
IBM ILOG CPLEX Optimization Studio Free edition
Free
Explore and learn optimization and constraint programming modeling with our free edition. Try free edition:
https://www.ibm.com/account/reg/signup?formid=urx-20028
Limited to 1000 variables and 1000 constraints, but models can be edited
Use both the OPL/IDE and API modeling/solving
Developer Subscription
199
per authorized user
Fully featured development environment for mathematical and constraint programming models with no limitation on model size. Purchase now:
https://www.ibm.com/products/ilog-cplex-optimization-studio/pricing
Unlimited variables and constraints
Monthly and annual subscription plans available
Support is included as long as the subscription remains active
Use both the OPL/IDE and API modeling/solving