Technology
Many business decisions are difficult and take a lot of time, analysis and mental anguish. But the decision of whether or not to add our state-of-the-art world-class predictive analysis tools to your business is child’s play. Our unsurpassed tool set will allow your business to soar to new levels by empowering your decision making process, ensuring the right decision every time.
PredictionProbe’s Technology provides a way to systematically quantify and analyze the uncertainties that are inherent in decision-making so that decisions are made more confidently, efficiently, consistently, and accurately. Our Predictive Technology does not provide a right or wrong answer. It identifies the probability that a result will be the “right” answer – using revolutionary techniques thought by many to be the way our brains constantly weigh uncertainties while making decisions. Our technology will enable you to solve your most challenging problems, make the best decisions possible, and unleash opportunities you would otherwise miss. Our Predictive Technology encompasses five key technology areas.
Probabilistic
This technology area focusses on the development of: a) probabilistic methods for a variety of circumstances as a single method will not work for all situations, b) step-by-step processes for the systematic application of the probabilistic approach, c) directives for how to determine the best method for a desired application, d) guidelines for using probabilistic analysis metrics to make informed decisions, and e) software requirement documents for development of general-purpose tools.
Bayesian
Bayesian Technology Area focusses on the development of a proprietary approach for constructing PredictionProbe Bayesian Belief Networks (PBBN) for practical implementation to any problem in any industry by developing capabilities that will:
- Minimize amount of required data,
- Improve computational efficiency for systems with a large number of random variables,
- Improve computational efficiency for a multitude of states,
- Allow the use of continuous random variables, with no limitations on distribution type or statistical dependency,
- Allow computation of very small probabilities (e.g., less than 10-6), and
- Automatic generation of states and conditional probability tables (CPTs, the likelihood functions), and more.
Modeling
Probabilistic analysis requires three essential elements including: (a) predictive models that relate the process outcome to a set of observable process variables, and a set of unobservable model parameters, b) statistical distribution models that describe the behavior of observable process variables, and c) statistical distribution models that define the uncertainty of the unobservable predictive model parameters. This technology area focusses on development of modeling techniques to:
- Construct the empirical predictive models, the distribution models for observable process variables based on available data size, and the uncertainty models for the unobservable predictive model parameters;
- Develop model verification and validation techniques to ensure reliability of the models; and
- Assess, update, and calibrate the models when new data becomes available.
Software Tools
Our predictive commercial-off-the-shelf (COTS) software suite includes four advanced analytical tools infused with our cutting-edge, innovative methodologies and processes including SPISE, UNIPASS, ModelProbe, and DistributionProbe.
Application Software
This technology area focuses on development of special application predictive tools by integrating our processes and COTS software (e.g., SPISE, UNIPASS, ModelProbe, and DistributionProbe) with our client’s processes and tools. For example, under a contract from United States Air Force, PredictionProbe successfully developed an object-oriented, flexible, scalable, and customizable tool for condition-based aircraft post-inspection reliability analysis, namely, APIRA™ within the SPISE® Platform. The main features of APIRA™ include:
- The ability to define an unlimited number of inspections, repair conditions, and non-repair conditions, probabilities of detection (PODs) and their related input variables;
- The ability to predict inspection time based upon an acceptable level of single flight probability of failure; and
- Bayesian updating of effective initial damage size based on whether or not cracks were found at: the inspection of a single aircraft in multiple locations; and/or multiple inspections of multiple aircrafts with different flight hours, at the same time or at different time; and more.
Benefits
We have leveraged our core technology to assist many of the world’s leading businesses, operating in multiple industries such as real estate, insurance, engineering, telecommunications, financing, investment markets, bioengineering, manufacturing, and many others. Using our technology, companies can quickly and accurately:
- Minimize product development cycle time.
- Minimize product weight.
- Maximize product life.
- Analyze and perform biotech research with improved speed and accuracy.
- Diagnose medical conditions and analyze drug enhancements.
- Optimize and streamline processes.
- Allocate resources optimally.
- Optimize data manipulation and knowledge management resources.
- Optimize test plans.
- Quantify risk, liability, reliability, and safety measures, even with limited or no data.
- Perform Robust Design.
- Identify root-causes objectively.
- Identify and manage key uncertainties and critical process input variables.
- Optimize product design and pricing.
- Minimize warranty and repair costs.
- Minimize inspection costs.
- Effectively and efficiently manage data, information, and knowledge.
- Predict customer behavior.
- Enhance Six Sigma and Design for Six Sigma processes and tools.
- Perform efficient Design for Six Sigma.
- Realize lean thinking by effectively identifying and removing waste
- Reduce product development, life cycle and production costs.
- Streamline manufacturing processes.
These are just a small sampling of the unlimited applications and vertical potential harnessed by PredictionProbe’s Predictive Technology all which can seamlessly integrate into your company’s Information Technology, financial systems, and other information or knowledge management systems. From the world’s largest technology-driven companies to multi-state franchises to Wall Street, PredictionProbe’s software products focus on maximizing profits and removing costs from processes and business models, while adding to the bottom line a minimum 5% savings, and in many cases, much more.
Related
First class service, world-class software tools and capabilities, combined with industry pioneers in predictive technologies and solutions ensures your success!
When you have access to world experts, industry leaders, and world-class tools, you can achieve just about anything. Check out our Case Studies to see how we’ve used prediction with precision to harness uncertainty and turn it into powerful game-changing information.
We recognize the importance of teaming with you to bring Predictive Technology to the forefront of business, industry and academia for the advancement of the global economy and in the interest of maintaining your competitive edge. We invite you to select one of the following links to join PredictionProbe as a valued Partner Organization.
Connect with us for a demonstration on how Predictive Technology can take the stress and strain out of your most rigorous business dilemmas.