News Column

New Data from University of Southampton Illuminate Findings in Computer Systems (The Business Intelligence as a Service in the Cloud)

July 31, 2014

By a News Reporter-Staff News Editor at Computer Weekly News -- Investigators publish new report on Computer Systems. According to news reporting originating from Southampton, United Kingdom, by VerticalNews editors, the research stated, "Limitations imposed by the traditional practice in financial institutions of running risk analysis on the desktop mean many rely on models which assume a 'normal' Gaussian distribution of events which can seriously underestimate the real risk. In this paper, we propose an alternative service which uses the elastic capacities of Cloud Computing to escape the limitations of the desktop and produce accurate results more rapidly."

Our news editors obtained a quote from the research from the University of Southampton, "The Business Intelligence as a Service (BIaaS) in the Cloud has a dual-service approach to compute risk and pricing for financial analysis. The first type of BIaaS service uses three APIs to simulate the Heston Model to compute the risks and asset prices, and computes the volatility (unsystematic risks) and the implied volatility (systematic risks) which can be tracked down at any time. The second type of BIaaS service uses two APIs to provide business analytics for stock market analysis, and compute results in the visualised format, so that stake holders without prior knowledge can understand. A full case study with two sets of experiments is presented to support the validity and originality of BIaaS. Additional three examples are used to support accuracy of the predicted stock index movement as a result of the use of the Heston Model and its associated APIs."

According to the news editors, the research concluded: "We describe the architecture of deployment, together with examples and results which show how our approach improves risk and investment analysis and maintaining accuracy and efficiency whilst improving performance over desktops."

For more information on this research see: The Business Intelligence as a Service in the Cloud. Future Generation Computer Systems-The International Journal of Grid Computing and Escience, 2014;37():512-534. Future Generation Computer Systems-The International Journal of Grid Computing and Escience can be contacted at: Elsevier Science Bv, PO Box 211, 1000 Ae Amsterdam, Netherlands.

The news editors report that additional information may be obtained by contacting V. Chang, University of Southampton, Southampton, Hants, United Kingdom.

Keywords for this news article include: Southampton, United Kingdom, Europe, Computer Systems

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Source: Computer Weekly News

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