| Company FAQ |
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| Who is ICONOCI? |
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ICONOCI is a software technology company dedicated to delivering the best value in intelligent real time decision support. We are privately held and headquartered in Dallas, Texas.
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| Who is the ICONOCI team? |
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We are a small group of highly motivated individuals. We are convinced that we can make a genuine difference in the arena of real-time business decision making with our skills and pertinent experience.
Our collective experiences include decision support for yield management, passenger demand and jet-fuel price forecasting, supply chain (operational) management, inventory planning, real time staff scheduling, natural
language processing, power generation load forecasting, geo-chemical data analysis, petroleum reservoir fluid simulation, fault tolerant distributed databases, business strategy development and implementation.
Our areas of expertise include computer science, mathematics, management science, industrial engineering, operations research and artificial intelligence.
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| What does ICONOCI mean? |
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ICONOCI (pronounced i-KONO-sigh) means the ICON Of Collective Intelligence.
It is rooted in our conviction in emergent properties - the whole is greater than the sum of its parts. Our name reflects the unique value created by working collectively with our customers and partners.
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| What is ICONOCI's target market? |
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Intelligent, Real Time, Decision Support.
It includes problem-solving as in business planning, scheduling, optimization, forecasting, simulation, pattern recognition and classification, and diagnosis and monitoring.
It is complimentary to business process/workflow automation, integration, and infrastructure.
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| What is ICONOCI's technology? |
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z!™ (pronounced zee-bang).
z!™ is ICONOCI's innovative clustering technology and advanced distributed algorithms for solving complex real time decision making problems. The z!™
technologies form the foundation of ICONOCI's product suite.
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| What are ICONOCI's products? |
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ICONOCI's initial product offering - z!™ Fulfillment - is the leading Online Order Fulfillment Planning solution for the high-volume distribution intensive e-business.
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| What are ICONOCI's future plans? |
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The benefits of z!™ will have an impact on every industry. ICONOCI's target markets highlight this broad applicability. Our current offering includes intelligent e-business
solutions for consumer goods and retail. Development is already underway to leverage z!™ into solutions for transportation, logistics, high tech and electronics. On the horizon are
the automotive, industrial, energy, chemical, semiconductors, and pharmaceuticals industries.
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| What do you mean by "intelligent?" |
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An intelligent system has the ability to reason in the face of incomplete knowledge, as opposed to rote action, which simply requires repetitions of a pre-defined set of instructions.
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| What do you mean by "real time?" |
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Real time is defined as the maximum time allowed for a business to be profitable. That is, the operation should not only complete in a short enough time to avoid losing sales and incurring additional cost, it should
also maximize profit. Note that the permissible time frame for an operation is constrained by the rate of change in those factors that influence the operation. Obviously, if these factors are changing faster than the
time taken to perform the operation, then the conclusions derived from the completed operation may no longer be valid! It is this perspective on time and changing conditions that highlight the inadequacy of traditional
vendor's batch mode order fulfillment planning products.
In the world of e-commerce, where the customer can click to another vendor's web site within seconds, real time is defined in terms of milliseconds. Not only must an e-commerce solution provide millisecond response
time, it must provide millisecond response times while processing tens of thousands of requests per second.
In business, speed and accuracy have always been profitable. The days of batch mode, one hundred quotes per second, order fulfillment are gone. E-commerce is real time. Real time is z!™
Fulfillment.
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| What do you mean by "decision support?" |
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Decision support means providing alternative choices, and ranking them according to a set of criteria, for achieving an objective.
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