Gurobi publishes a study revealing the impact of mathematical optimization on financial services companies

BEAVERTON, Ore.–(BUSINESS WIRE)–Gurobi Optimization, LLCcreator of the world’s fastest mathematical optimization solver, this week announced new findings that demonstrate the importance of mathematical optimization for financial services organizations.

In a study commissioned by Forrester Consulting on behalf of Gurobi, researchers sought to understand how decision makers, particularly those involved in asset, operations and portfolio risk management, today use optimization technologies.

The results show that mathematical optimization increases the profitability and efficiency of companies that use optimization. As a result, most are looking to adopt or expand their use of technology:

  • 77% are adopting optimization technologies to support their strategic initiatives or expand their current optimization scope.

  • 64% invest in people with expertise in mathematical optimization, whether that means building an internal team or acquiring an external consultant.

  • 53% expect their use of mathematical optimization to increase in a year and beyond.

More than half of respondents said they consider mathematical optimization essential to their business. The technology allows decision makers to explore the possible impact of a decision on the business, simply by adjusting and rerunning their mathematical models. The test and iterate approach allows companies to frequently adjust their strategies and keep up with the ever-changing business landscape.

“Financial services companies are modernizing and harnessing the competitive advantage that mathematical optimization provides. This puts them ahead of the pack,” said Dr. Edward Rothberg, CEO and co-founder of Gurobi Optimization.

To date, business intelligence and advanced analytics tools have only addressed descriptive, diagnostic, and predictive analytics. Mathematical optimization goes one step further by providing prescriptive recommendations. This allows organizations to identify the best course of action in real time and, most importantly, achieve optimal business results.

To read the study commissioned by Forrester Consulting on behalf of Gurobi, please visit https://www.gurobi.com/lp/ms/forrester-financial-services-optimization/.

About Gurobi Optimization

Gurobi produces the world’s fastest and most powerful mathematical optimization solver, the Gurobi Optimizer, which is used by leading global companies in over 40 different industries to quickly solve their complex real-world problems and make automated decisions that optimize their efficiency and profitability. As the market leader in mathematical optimization software, we aim to provide not only the best solver, but also the best support, so that businesses can take full advantage of the power of mathematical optimization (alone or in combination with other AI techniques such as machine learning) to optimize business decisions and outcomes.

Founded in 2008, Gurobi operates in the Americas, Europe and Asia and has more than 2,500 customers worldwide, including SAP, Air France, Uber and the National Football League (NFL). For more information, please visit https://www.gurobi.com/ or call +1 713 871 9341.