Why Modelshop

Modelshop is unique in its ability to manage the entire lifecycle of making data informed decisions. Using a single platform to model your decisions, simulate outcomes, deploy real-time applications and evaluate performance reduces friction and increases agility for your business.

Provide a power tool for Business Analysts

Modelshop puts the power of real-time decisions into the hands of business analysts. Before Modelshop, analysts could model their business decisions in spreadsheets or analytic tools, but they lacked the ability to work with real production data or to fully re-create realistic decision logic. The scalability, ability to handle complex data and language sophistication was simply missing from existing tools. Capturing production data in all of its detail, scaling to millions of data points and executing analytically informed decision strategies is now critical to improving business performance.

Modelshop provides a level of data modeling, logic sophistication and performance that exceeds most production application environments. Not only can business analysts model their decisions in detail, Modelshop has the power to turn those models around so they can help run the business, with unprecedented flexibility, visibility and control.

Simulate and optimize decision strategies

Modelshop is unique in how it works with historic data while creating, testing and simulating decision logic for future strategies. Like a spreadsheet, results are shown immediately across your data when logic changes are made, making it easier to see the impact of changes to strategy. Unlike a spreadsheet, Modelshop can scale to handle decisioning for the most demanding businesses, work with fully articulated production data sets and render decisions in real-time.

Modelshop provides flexible tools to easily add new data sources and new logic to your decision model. By creating multiple competing decision strategies and simulating alternate projected outcomes, business analysts can confidently project how a model will react in production, before it impacts their customers and their business.

Instantly deploy real-time decisioning

Modelshop is much more than an analysis tool. Its real-time APIs are designed to bridge the gap between analysis and powering decisions across the thousands or millions of transactions that are the lifeblood of your business. By taking the same decision logic and rules used to simulate performance and deploying them to drive real-time decisions, you can deploy strategy changes quickly and without a costly, time consuming and error prone coding step.

Business that can convert insight from their data into real-time decisions have a tremendous competitive advantage. With Modelshop you have that agility, while still leveraging the visibility to carefully control what policy gets deployed when through integrated configuration management, audit trails and full access controls. Modelshop turns months of policy change development, coding, testing and deployment into minutes to deploy a new strategy.

Share data, insight, and results in the cloud

Unlike spreadsheets and traditional analytic modeling tools, Modelshop lives in the cloud, allowing real-time collaboration with data and insights. Analytic applications for customer performance, sales projections, credit portfolio analysis and medical research data can all be selectively shared with your team through live online models. This enables instant collaboration, not only with your data, but with business logic, decision strategies and performance results.

Of course, data is only shared with people with whom you choose to share your models. Modelshop provides a public sharing option, but private corporate domains as well as self-hosting options are also available. Regardless of how your Modelshop models are hosted, effortless access and sharing across your team will dramatically improve collaboration and alignment.

Deliver unprecedented logic sophistication

Production business applications can be very complex. Fuzzy entity relationships, dirty data, hundreds of cross-references. Today's analytic tools can't maintain those details while still allowing business analysts to directly manage decisions. Modelshop can. Modelshop delivers a unique calculation engine that breaks the most sophisticated business logic down into manageable components and automatically manages the resulting dependencies. Creating derived variables, business rules and statistical features feels as easy as working in a spreadsheet, but the underlying multi-dimensional data model and powerful full-fledged business language gives you power that goes well beyond the current function/list paradigm.

Modelshop's data management and language tools are industrial strength and can be used both for analysis and simulation, as well as real-time decisioning. Modelshop will scale to hundreds or thousands of transactions per second and can handle the most demanding data relationships. By transcending the gap between business analysts, 'quants' and developers, Modelshop allows all three disciplines to come together with a single view of how decisions are made for the business.

Retrain and deploy predictive models

While Modelshop is not intended to replace your favorite predictive modeling tool for building new analytics, it can be seamlessly integrated with R and Python to make building new models from Modelshop data and variables a snap. Once an original model is created, it can be dropped into Modelshop for real-time scoring as well as automated weight retraining. Data frames are transparently shared between the modeling tool and Modelshop for a seamless round-trip between creating analytic models and developing the decision logic that operationalizes them.

Modelshop and advanced analytic modeling tools work hand-in-hand, but leveraging advanced analytics isn't required to deliver an analytic application in Modelshop. With a powerful, full-fledged language (Groovy), robust statistical libraries and a flexible business rules engine, most decision strategies can be implemented directly inside Modelshop.