What is ELARA?
ELARA AI is a business insights platform that uses AI and advanced mathematics to unlock the full potential of business operations. With the ELARA Platform, Developers can create code-based Prescriptive Solutions which ingest data and automatically applyMachine Learning, Modelling and Simulation and Mathematical Optimization to prescribe business insights. Business users and/or systems interact with the ELARA Platform through a Web UI, or API, and embed business improvement by actioning insights in decision making.
What are the business benefits of ELARA?
The ELARA Platform results in direct improvement to business performance through the following benefits.
|Data-driven insight||The ELARA Platform continuously feeds data from business systems to generate deep business insights, maximizing value from data.|
|Performance Oriented Decisions||The business understands what specific operational actions should be taken in the future to achieve the best possible business performance.|
|Risk-minimised Improvement||The business is shown the what strategic changes should be made, and in what order, that will result in the optimal performance.|
|Re-usable Digitisation||Once a prescriptive solution is created it can be reused and combined into other solutions to achieve business improvement cost effectively.|
What technical features does ELARA offer?
TheElara Development Kit and ELARA Platform provide the end-to-end features necessary to create, deploy and manage prescriptive solutions.
|Data-driven business modelling||Use a data-oriented business language to digitize a business from high level definitions and available live or offline system data.|
|AutoML||Effortlessly train and use cutting-edge Automated Machine Learning models to further simplify modelling.|
|Mathematical Simulation||Automatic simulation recreates what happened within the business in the past and predicts what is likely to happen in the future.|
|Scenario analysis||Add, remove, or change parts of the business almost instantly and see how this would change the business and performance.|
|Equation-less Optimisation||Automatic mathematical optimisation calculates what actions to take to achieve the best possible business performance.|
|API or Web UI Integration||Insights, metrics and every data point is observable through a Web-UI or into other digitals systems via the API.|
|Templatised Digitisation||Reuse templatised solutions, each solution is reusable and can be combined with other solutions to create other solutions.|
|Developer tools and CLI||Solutions can be created, deployed, and managed with the libraries and a CLI available in npm.org.|
Now that you understand the capabilities of the ELARA Platform at a high-level, continue to the next tutorial to understand the benefits of using ELARA.