Visual Numerics Inc., a leading provider of numerical analysis and visualization software, announced the general availability of the JMSL Numerical Library version 2.5 for Java, which provides business analytics capabilities for Java-based data analysis applications for fast, reliable analysis across a broad set of industries including financial services, life sciences, manufacturing, retail and services industries. The JMSL Library extends the capabilities of Java, with the comprehensive mathematical, statistical and charting classes of the JMSL Library 2.5. In addition, the new version includes an Application Quick Start Pack for users to build and maintain their own visualization and numerical analysis applications even more quickly and cost-effectively.
Mainstream business users have long relied on spreadsheets to aggregate and analyze data. However, spreadsheets alone do not allow the user to see data in all possible dimensions. The combination of numerical analysis and visualization allows organizations to gain insight into valuable business data, and uncover unforeseen trends and unarticulated relationships. Coupled with the inherent benefits of Java, Visual Numerics' new product allows users to collaborate and share analysis results across the enterprise quickly.
According to Gartner Dataquest, IT buyers will spend $2 billion on business intelligence in 2003 and the sector is forecast to grow to $2.3 billion by 2005. Gartner Press Release "Gartner Delivers Business Intelligence Vendor Ratings for IT Buyers and Technology Investors" January 28, 2003.
Visual Numerics has been developing in Java for more than six years. Until now, the Java language did not naturally allow for robust numerical analysis developers either had to write their own algorithms, or risk the use of public domain software. The JMSL Library 2.5 extends the capabilities of Java with added functionality from Visual Numerics' industry-leading IMSL algorithms to allow advanced numerical analysis. Pre- packaged custom language extensions in the JMSL Library 2.5 also make it possible for Java developers to quickly incorporate simple to complex numerical analysis capabilities in their applications.
JMSL 2.5's new elements include:
- New Algorithmic Functionality Extended analysis and visualization capabilities including non-linear optimization, curve fitting functions, time series analysis enhancements, and new data mining and statistical algorithms.
- The JMSL Numerical Library Application Quick Start Pack Developers can build custom applications quickly based on demos and code samples that illustrate the combined usage of mathematical, charting and user interfaces to be embedded or customized as needed.
- New Education Program Special program and incentives for professors who wish to teach Java Numerical Analysis as a part of their curriculum.
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