Tag Archives: Machine Learning

Analytics & Optimization My Top 10 Attributes of a Data Leader

Data graphic
Sep072017

A recent article in Information Age named 10 attributes of data leader. Each of the experts quoted discussed just one attribute — in my case, it was separating hype from potential, which is critical when you’re dealing with advanced analytics. Here’s an excerpt of what I wrote for that article: “In the Big Data era, businesses have been told to save every scrap of data because it might turn out to be a valuable clue to customer understanding or business performance. While the cost of storing data has fallen dramatically, it doesn’t represent the true cost of data, which includes ensuring quality, maintaining freshness and mitigating the risk of a breach. “Data leaders are equally discerning about the hype and potential of the analytics used on their data. They focus on the problems the business needs to solve, and investigate new analytic techniques that can make their data “talk” in... [Read More]

Leave a comment

Analytics & Optimization How AI Is Changing Lending (Podcast)

Dr. Scott Zoldi, FICO
Sep062017

If AI is good enough to power self-driving cars, isn’t it good enough to make credit risk decisions? What are the challenges lenders face using AI and machine learning models today? In this podcast for Lend Academy, FICO Blog author Dr. Scott Zoldi talks about his role as FICO’s Chief Analytics Officer, the company’s AI innovations and how they are being applied in credit risk, fraud management and more. Listen to the podcast: “I’m excited that machine learning and AI is the rage again, I think that’s a really positive thing because it’s a tremendously interesting set of technology,” Scott says in the podcast. “What I worry about is it takes a lot of care to properly productionize and operationalize AI. From making sure that models aren’t overtrained, to making sure that you have the proper amount and degrees of freedom, that you really thought about the data you bring into the... [Read More]

Leave a comment

Analytics & Optimization The Future of AI: Meet the Multi-Tasking Machines

FICO 25 years of AI and machine learning logo
Jul112017

To commemorate the silver jubilee of FICO’s use of artificial intelligence and machine learning, we asked FICO employees a question: What does the future of AI look like? The post below is one of the thought-provoking responses, from Chahm An, a lead analytic scientist at FICO, working in San Diego. Artificial intelligence, like human intelligence, uses observations from the past to learn a general model that can be used to make predictions about future similar occurrences. The future I see for AI is based on current work being done in this field, and grounded in what I saw 20 years ago, when I first began to study AI. What’s Really Accelerating AI? In 1997, and IBM’s Deep Blue had just defeated reigning world champion Garry Kasparov at the game of chess in what was seen as a landmark event of artificial intelligence surpassing a human champion at an intellectual challenge.... [Read More]

Leave a comment

Fraud & Security The Story Behind Europe’s €1.8 Billion Card Fraud Problem

European Fraud Map
Jun292017

FICO has just released an interactive infographic on European card fraud trends since 2006, showing that card fraud in the 19 countries studied has hit a new high of €1.8 billion. In the UK, card fraud also a hit a new high in 2016, £618 million, though the rise was less than the rise from 2014 to 2015. To understand what these numbers mean — and what issuers need to do now — it’s important to know how got here. That’s why our map tracks the data back to 2006. Why is 2006 so important? That was the year of ‘love my PIN day on Valentine’s day’ in the UK, as the liability shift between magnetic stripe and chip & PIN technology had been put in place during 2005. So chip & PIN was officially rolled out across Europe and executives expected to see the benefits of that investment in... [Read More]

Leave a comment