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2005 News

Article: Secrets of Australian IT Winners

SYDNEY, NEW SOUTH WALES, 19 December 2005 (Image and Data Manager Online) — Summary — the fourth Annual secrets of IT competition has come to a close. And with its sunset comes a bright dawn to 22 innovative Australian IT companies.

The competition attracted 117 applications from all States and Territories and was judged by a panel drawn from leading technology companies, venture capital community, media, market research organizations and major overseas corporations.

Speakers including Peter Harrison from Austrade, Senator Helen Coonan, Matthew Michalewicz from SolveIT Software and Joe Kremer from Dell Australia praised Australia’s buoyant ICT industry, and encouraged the winners to harness the momentum of their awards. (More)

Release: $200 Billion+ Pension Fund Awards Contract to University of Adelaide and SolveIT Software

ADELAIDE, SOUTH AUSTRALIA, 14 December 2005 — SolveIT Software Pty Ltd, a premier provider of Profit Optimization software solutions for Global 1000 companies and government organizations, announced today that one of the world’s largest pension funds has awarded a contract to the company and the University of Adelaide for the design of a new stock market trading system.

Under the terms of the contract, SolveIT Software will work with the staff of the International Centre for Financial Services at the University of Adelaide to design a new trading signal system using adaptive Evolutionary Algorithms and Fuzzy Logic.

“The cooperation between SolveIT Software and researchers from the School of Commerce is likely to result in a unique solution to a very complex financial markets trading situation,” said Clive Perring, Director, International Centre for Financial Services. “The ICFS is fulfilling its role as a centre of research in the high growth area of international financial services.” (More)

Release: SolveIT Software CEO to Speak at the 2005 Australian IT Innovation Winners Function

ADELAIDE, SOUTH AUSTRALIA, 11 December, 2005 — SolveIT Software Pty Ltd, a premier provider of Profit Optimization software solutions for Global 1000 companies and government organizations, announced today that the company’s Chief Executive Officer, Matthew Michalewicz, will be a speaker at the 2005 Secrets of Australian IT Innovation winners function held on the 14th of December in Sydney, Australia.

Matthew Michalewicz was a national judge for the contest, and his speech will focus on successful strategies for taking technology innovations to the global marketplace. (More)

Release: SolveIT Software CEO to Speak at VC Connect in Sydney

ADELAIDE, SOUTH AUSTRALIA, 27 October 2005 — SolveIT Software Pty Ltd, a premier provider of Profit Optimization software solutions for Global 1000 companies and government organizations, announced today that the company’s Chief Executive Officer, Matthew Michalewicz, will be a speaker at the VC Connect Conference held on the 7th of November in Sydney, Australia.

Matthew Michalewicz will be a speaker in two sessions: “Closing and Negotiating the Deal,” which outlines the process of closing a venture capital investment; and “Global Becomes Reality,” which discusses the funds, people and strategies needed to succeed on the global stage. (More)

Article: Choosing Australia

SYDNEY, NEW SOUTH WALES, 11 October 2005 (BSA Magazine) — Summary — Why do foreign investors chose Australia? We know what we have to offer, but how does that look to those outside the ANZ region? To find out we asked Matthew Michalewicz, Chief Executive Officer, SolveIT Software Pty Ltd who has just set up in the country. (More)

Article: The Importance of Collecting Data

ADELAIDE, SOUTH AUSTRALIA, 3 October 2005 (In Business Magazine) — Summary — What does selling DVDs, making confectionery, and maintaining submarines have in common? Data-that’s what. The quality and quantity of data that a business collects over the years, and how it decides to use it, will strongly influence its market position and sustainability. That’s why data collection is so important. Everything that comes later, from data mining to optimisation, is underpinned by data.

Many corporations have spent millions of dollars on Customer Relationship Management (CRM) systems over years, only to find that most of the advertised benefits were missing. Why? Because the underlying data was either missing or grossly inadequate, and many of the value drivers of advanced CRM software?such as predictive analytics for cross selling and up selling?required data that these companies hadn’t bothered collecting. (More)

Release: Dr. Zbigniew Michalewicz to Speak at ACS Meeting

ADELAIDE, SOUTH AUSTRALIA, 28 September, 2005 — SolveIT Software Pty Ltd, a premier provider of Profit Optimization software solutions for Global 1000 companies and government organizations, announced today that the company’s Chairman of the Board, Dr. Zbigniew Michalewicz, will be a speaker at the November meeting of the Australian Computer Society held on the 23rd of November in Adelaide, South Australia.

Dr. Zbigniew Michalewicz will discuss profit maximization through the use of modern heuristic methods. The talk will be illustrated by many business/industry examples, which are relevant to corporate executives and middle managers that deal with logistic and marketing operations. (More)

Release: SolveIT Software CEO to Speak at VC Connect in Adelaide

ADELAIDE, SOUTH AUSTRALIA, 8 September 2005 — SolveIT Software Pty Ltd, a premier provider of Profit Optimization software solutions for Global 1000 companies and government organizations, announced today that the company’s Chief Executive Officer, Matthew Michalewicz, will be a speaker at the VC Connect Conference held on the 19th of October in Adelaide, South Australia.

VC Connect will provide a wealth of information and resources for ICT companies who are currently seeking funds or considering doing so in the future. Hosted by Australia’s leading ICT venture capital companies, VC Connect will enable attendees to gain an understanding of the hows and whys of venture capital. (More)

Article: Adelaide Home to Computer Evolution

ADELAIDE, SOUTH AUSTRALIA, 1 September 2005 (The Adelaidean) — Summary — Professor Zbigniew Michalewicz is regarded as one of the leading authorities in the field of evolutionary computation, and started in his role at Adelaide earlier this year. The Head of Computer Science, Professor Mike Brooks, describes Professor Michalewicz’s appointment as a major coup for the IT industry in South Australia.

“It would be an understatement to say that we are very excited that he has joined us,” Professor Brooks said. “It would have to be one of the most significant IT appointments at an Australian university in the last 20 years.”

Professor Michalewicz, along with his son and several other people who have also moved to Adelaide, has started a software company called SolveIT Software which aims to provide business and industry with the evolutionary computation know-how to solve large and complex manufacturing, logistics and delivery problems. (More)

Release: SolveIT Software CEO to Present at FAPM

ADELAIDE, SOUTH AUSTRALIA, 22 August 2005 — SolveIT Software Pty Ltd, a premier provider of Profit Optimization software solutions for Global 1000 companies and government organizations, announced today that the company’s Chief Executive Officer, Matthew Michalewicz, will present at the Annual General Meeting of the Central Region Group of the Federation of Automotive Products Manufacturers (FAPM) held on the 25th of August.

Matthew Michalewicz’s presentation will focus on the application of Artificial Intelligence technologies to the manufacturing sector. He will cite several real-world examples from his current and previous work that illustrate the application of AI-based solutions to complex scheduling, demand forecasting, and transportation problems. (More)

Article: Fortune 500 Migrant’s Sea Change

ADELAIDE, SOUTH AUSTRALIA, 1 August 2005 (In Business Magazine) — Summary — A father and son team whose work is in demand from Fortune 500 companies has brought world-class optimization capability to Adelaide. It’s a sea of change of sorts for Professor Zbigniew Michalewicz and son Matt, whose new company SolveIT Software has set up shop on North Terrace.

SolveIT is based on Professor Zbigniew Michalewicz‘s work in heuristic mathematics where he has developed adaptive business intelligence software that learns from experience. It‘s the second major venture for the pair, whose previous company in the US grew to 150 employees before they sold out. (More)

Article: Predicting the Future

ADELAIDE, SOUTH AUSTRALIA, 1 August 2005 (In Business Magazine) — Summary — Although technology has moved at warp speed during the last few decades, the basics of retailing and manufacturing have remained the same: Understanding customer needs, forecasting future demand, and planning inventory and production levels to meet that demand, is as important today as it was thirty years ago. But even with all the advances in technology, accurately forecasting future demand is still a formidable task.

In truth, the process of predicting the future—of predicting what products will be needed and in what amounts—is one of the most difficult challenges facing manufacturers and retailers today. And because demand forecasting underpins the entire logistics process, affecting capacity plans, master production schedules, inventory levels, and even overall business plans, its importance cannot be overstated. (More)

Article: An Intelligent Decision-Support System

LOS ALAMITOS, CALIFORNIA, 1 July 2005 (IEEE Intelligent Systems) — Summary — Distributing used cars to various automobile auctions is a complicated problem with multiple variables. A software system that combines prediction, optimization, and adaptation techniques has generated impressive profits for a large automaker. (More)

Article: Computing an Evolution Revolution

ADELAIDE, SOUTH AUSTRALIA, 19 June 2005 (Independent Weekly) — Summary — If Professor Zbigniew Michalewicz ever tires of academia he could probably get a job with the SA Tourism Commission, perhaps even in the minister’s office itself. He says all the right things about why he chose to move to Adelaide—good size, good lifestyle, nice beaches—and has a reputation in a serious area that we like in our ambassadors. For the University of Adelaide, his arrival six months ago was a significant coup.

“We’re over the moon,” says the head of the school of computer science, Mike Brooks. “He does world-class research and has written text books that are used in universities around the world. He is right up there with the top few names in his field.”

As part of their move to Adelaide, Michalewicz senior and junior have established SolveIT Software, which focuses on developing Artificial Intelligence software for solving complex business problems. (More)

Release: SolveIT Software Establishes Scientific Advisory Board

ADELAIDE, SOUTH AUSTRALIA, 2 June 2005 — SolveIT Software Pty Ltd, a premier provider of Profit Optimization solutions for Global 1000 companies and government organizations, announced today that it has established an Scientific Advisory Board of international experts in the field of Artificial Intelligence.

“I am looking forward to working with the staff of SolveIT Software, as well as the other members of its Scientific Advisory Board, to help develop leading-edge optimization applications for industry” said Marc Schoenauer, Senior Research Scientist of INRIA in Paris, France. (More)

Release: SolveIT Software to Present at ISICA 2005 Conference

ADELAIDE, SOUTH AUSTRALIA, 18 March 2005 — SolveIT Software Pty Ltd, a premier provider of Profit Optimization software solutions for Global 1000 companies and government organizations, announced today that the company’s Chairman of the Board, Dr. Zbigniew Michalewicz, will be a keynote speaker at International Symposium on Intelligent Computation and Applications (ISICA 2005) in Wuhan, China, on April 4 - 6, 2005.

Dr. Zbigniew Michalewicz’s talk will focus on the use of Adaptive Business Intelligence® for solving complex business and government problems. He will also cite several real-world examples from his current and previous work that illustrate the application of Adaptive Business Intelligence® for industry clients. (More)

Release: Dr. Zbigniew Michalewicz Releases Second Edition of Best-Selling Book

ADELAIDE, SOUTH AUSTRALIA, 28 February 2005 — SolveIT Software Pty Ltd, a premier provider of Profit Optimization software solutions for Global 1000 companies and government organizations, announced today that the company’s Chairman of the Board, Dr. Zbigniew Michalewicz, released the second edition of his best selling book How to Solve It: Modern Heuristics (written with Dr. David Fogel).

“How to Solve It: Modern Heuristics is the only source that provides comprehensive, current, and correct information on problem solving using modern heuristics,” said Dr. Zbginiew Michalewicz. “It covers classic methods of optimization, including dynamic programming, the simplex method, and gradient techniques, as well as recent innovations such as simulated annealing, tabu search, and evolutionary computation. The second, extended edition is more comprehensive than before.” (More)