What is ELARA?
ELARA AI is a business insights platform that uses AI and advanced mathematics to unlock the full potential of business operations. Using the ELARA Platform results in an agile improvement process that embeds continous, practical and sustainable business improvement. The process is enhanced by providing a first-class developer toolset with a goal of faciliating rapid and reusable digitisation.
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, maximising 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 digitise 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.|
What decisions can ELARA optimize?
ELARA can optimize any digitised decision that is made within a business, for example:
|Marketing||A business has a large number of customers and products and wants to know which customers to focus on to deliver more profit.||ELARA can be used to recommend when to focus on which customers and under what circumstances to maximise profit, based on an ability to predict how product demand and business profit will be affected by changes of customer focus.|
|Promotions||A business employees people to make and sell products online or over the counter, and wants to know how and when to promote products.||ELARA can be used to recommend when to promote which products with which channel under what circumstances to maximise profit, based on an ability to predict how labour utilisation, sales demand and profit will be affected by changes of product promotion.|
|Operations||A business has many employees undertaking tasks (with interdependencies) in some complex business process, and wants to reduce the time customers wait.||ELARA can be used to recommend when to delegate which task to which employee under what cirumstances to acheive the minimum customer wait time, based on an ability to predict how delegated effort, task interactions and customer wait time will be affected by changes of delegation.|
|Procurement||A business has many suppliers of many SKU's, and wants to know how to prioritise negotiation of supplier terms to maximise working capital.||ELARA can be used to recommend when to promotewhich supplier to negotiate for which SKU under what circumstances in order to maximise working capital, based on an ability to predict how supply usage, costs and downstream business units will be affected by changes of supplier terms.|
|Human Resources||A business has many employees that it needs to manage, and wants to know how to internally award incentives to improve overall employee wellbeing.||ELARA can be used to recommend when to reward which employee with which incentives under what circumstances in order to maximise employee wellbeing, based on an ability to predict how key business metrics and employee wellbeing will be affected by changes of incentive policy.|
|Information Systems||A business has many IT systems that under-go regular maintenance, and wants to know how to review maintenance and set policy to minimise failures.||ELARA can be used to recommend which policy and which governance to apply to which maintenance under what circumstances in order to minimise failures, based on an ability to predict how system availability and maintenance will be affected by changes in policy, review process and governance.|
|Capital Projects||A business undertakes regular investment of capital to improve, and wants to know how to prioritise investment to maximise the return on capital.||ELARA can be used to recommend which prioritisation to apply to which investments under what circumstances in order to maximise return on capital, based on an ability to predict business performance and project deliveries will be affected by changes in investment prioritisation.|
See an example of ELARA AI in action with a simplecase study, otherwise learn how to use ELARA with the self-guided learning content, or from the API documentation.