A partnership to create “hybrid” data mining applications for use in the financial services and other industries has been formed by Chicago-based Numerical Algorithms Group (NAG), a developer of software to solve complex mathematical problems, and EWA Systems, a provider of Java-based data mining products and services.
The collaboration aims to blend NAG’s strength in procedural language-based mathematical and statistical computing (C and Fortran), with EWA’s abilities in object-oriented language-based data mining algorithms (Java and C#). The NAG-EWA partnership is the first in a series of consulting partner collaborations that NAG is launching in the coming year.
“NAG is pleased to formally launch its Consulting Partners program with this collaboration with EWA Systems, a proven innovator in Java-based data mining algorithms for sophisticated business analytics,” says Rob Meyer, NAG CEO. “Our joint consulting and development projects will enable both NAG and EWA Systems to do more than we could individually to help businesses find the solid mathematical, statistical, and data mining solutions that they require. Moreover, we anticipate that the multi-language hybrid data-mining solutions created by this collaboration will prove to be most effective business analytics tools available.”
Lincoln Evans-Beauchamp, EWA CEO adds that the partnership is a “perfect blending” of twin expertise. “Through our collaboration, we are now capable of providing the full range of NAG and EWA algorithms and solutions across all of our computer languages further improving our already industry-leading product sets,” he says.
The NAG Consulting Partner programme aims to enable IT consulting firms to incorporate its mathematical and statistical software components and expertise into their analytical applications.
NAG is a 30-year-old company that makes mathematical, statistical and data mining components and tools for developers as well as 3D visualization application development environments. It operates worldwide with offices in Chicago, Oxford and Tokyo. Today it serves over 10,000 sites worldwide in finance, engineering, and scientific research as well as industry partners such as Oracle, IBM, AMD, and others.