Celect Engine

Nuwave Solutions, L.L.C.

Brian Frutchey
http://www.celect.com
Analytics Modeling

Founded out of the Massachusetts Institute of Technology (MIT), the "Celect Engine" is an ultimate prediction engine based on patented, award-winning science. This technology (like the personal computer!) was recognized as one of the 50 inventions from MIT’s Computer Science and Artificial Intelligence Lab (CSAIL) that have transformed the world. Celect has had a major impact in the retail industry, with many retailers showing significant improvement in in-store revenues – some by more than 7%. The primary driver of success is utilizing the Celect Engine to accurately predict individual preferences despite the sparse data associated with each customer – an individual may have few purchases at a given store. Celect Engine stitches sources together to overcome this sparse data challenge to make accurate predictions. The Intelligence Community has recognized the transformative potential of Celect and accelerated access to the company through multiple In-Q-Tel investments. NuWave is partnered with Celect to handle the public sector. The Celect Engine is a general-purpose prediction platform. At its core, Celect Engine automates model building and predictions using a proprietary high dimensional “tensor-completion” algorithm. This platform scales gracefully with the volume of data and provides near real-time, incremental computation capability. What’s more, it’s easy to use. Requesting predictions is as simple as loading data (no preprocessing needed).

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