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What is Oracle Real-Time Decisions?

Oracle Real-Time Decisions (RTD) merges rule-based methodologies with predictive analytics to deliver adaptive solutions for real-time enterprise decision management. This system allows for the seamless integration of immediate intelligence into business processes or customer interactions as they unfold. A powerful transactional server guarantees that decisions and recommendations are generated instantly. This server autonomously generates decisions within the business workflow, revealing insights and converting real-time data into actionable intelligence. Through closed-loop decision-making, organizations can implement comprehensive business logic with efficiency. Moreover, analytical decisions enable firms to leverage existing analytical resources for both rule-based and predictive selections. In addition, self-adjusting processes empower organizations to develop systems that automatically evolve in response to feedback, ensuring continuous optimization and flexibility. Notably, this blend of technology not only enhances responsiveness but also cultivates a smarter business landscape that is well-equipped to meet changing demands. The ongoing evolution of these systems positions companies for greater success in a fast-paced environment.

What is COLUMBO?

A universal multivariable optimizer, designed for closed-loop systems, aims to improve the performance and quality of Model Predictive Control (MPC) systems. This optimizer harnesses data from Excel files derived from Dynamic Matrix Control (DMC) by Aspen Tech, Robust Model Predictive Control Technology (RMPCT) from Honeywell, or Predict Pro from Emerson, facilitating the development and fine-tuning of precise models for various multivariable-controller variable (MV-CV) pairs. This cutting-edge optimization solution does away with the need for step tests that are usually required by Aspen Tech and Honeywell, functioning entirely in the time domain to maintain user-friendliness, compactness, and efficiency. As Model Predictive Controls (MPC) often involve numerous dynamic models—sometimes tens or even hundreds—there is a significant risk of utilizing incorrect models. Inaccurate dynamic models in MPCs can introduce bias, which appears as model prediction errors, leading to inconsistencies between expected signals and actual sensor measurements. COLUMBO emerges as a robust tool to bolster the precision of Model Predictive Control (MPC) models, effectively leveraging either open-loop or fully closed-loop data to guarantee peak performance. By tackling the risks associated with errors in dynamic models, COLUMBO not only enhances the reliability of the control system but also contributes to a more efficient operational framework. Ultimately, its implementation is expected to yield substantial advancements in control system effectiveness across various applications.

Media

Media

Integrations Supported

Aspen DMC3
IBM WebSphere Application Server
Microsoft Excel
Oracle Application Testing Suite

Integrations Supported

Aspen DMC3
IBM WebSphere Application Server
Microsoft Excel
Oracle Application Testing Suite

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Oracle

Company Location

United States

Company Website

www.oracle.com/middleware/technologies/real-time-decisions.html

Company Facts

Organization Name

PiControl Solutions

Company Location

United States

Company Website

www.picontrolsolutions.com/products/columbo/

Categories and Features

Decision Support

Application Development
Budgeting & Forecasting
Data Analysis
Decision Tree Analysis
Monte Carlo Simulation
Performance Metrics
Rules-Based Workflow
Sensitivity Analysis
Thematic Mapping
Version Control

Predictive Analytics

AI / Machine Learning
Benchmarking
Data Blending
Data Mining
Demand Forecasting
For Education
For Healthcare
Modeling & Simulation
Sentiment Analysis

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