Decision Lab Ltd
Experts in mathematical modelling, optimisation, simulation, data science and artificial intelligence.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
£74.9k | Grant | ||
| Total Funding | 000k | ||
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Decision Lab Ltd, a UK-based decision intelligence firm founded in 2011 by David Buxton, specializes in empowering organizations through the application of artificial intelligence, optimization, and simulation. The company operates from its registered office in Loughborough, Leicestershire, and is dedicated to helping clients make more effective decisions to foster business growth.
The firm delivers specialist research and development, platform development, and bespoke software solutions. Its core service is centered on creating decision support applications by employing a multi-disciplinary team of mathematical modellers, data scientists, and simulation experts. Decision Lab utilizes a variety of advanced techniques, including AI, machine learning, data science, and both discrete-event and agent-based simulation modeling, to address complex business problems. This allows them to build virtual representations of systems and processes, model interactions between different entities, and extract valuable insights from raw data to create tailored solutions.
The business serves a diverse and high-profile clientele across multiple industries. Key sectors include defence and security, infrastructure, water management, aerospace, and pharmaceuticals. Notable clients include Babcock International, the Ministry of Defence, Rolls-Royce, Siemens, GlaxoSmithKline, and numerous UK utility companies such as Thames Water and Welsh Water. For these clients, Decision Lab has undertaken significant projects, such as planning maintenance for billions in assets for the Canal & River Trust and developing solutions for the Dstl's 'Intelligent Ship of 2030'. The company's revenue is generated through consultancy services and the development of these specialized technology solutions.
Keywords: decision intelligence, artificial intelligence, optimization, simulation modelling, data science, decision support systems, R&D, software development, asset management, defence sector, water resource management, infrastructure projects, aerospace solutions, pharmaceutical analytics, machine learning, data analytics, mathematical modelling, digital twin, supply chain optimization, risk management