Overview

The collision of new data sources, technology and analytics provides energy companies like SolarCity with amazing opportunities to drive stronger customer engagement while improving energy efficiency and usage. To help build the grid of the future, SolarCity selected FICO Optimization to help the business extract the best possible actions from a sea of data and myriad constraints and competing priorities.

  

Download our case study now and learn how SolarCity is using FICO optimization to:

  • Evaluate opportunities to save commercial customers on their energy bills by optimally managing their demand charges
  • Manage customer energy profiles to optimize charge and discharge profiles for energy storage systems
  • Optimize distributed energy resources in multi-use application frameworks that benefit the grid and customers
  • Analyze potential revenue streams for customers by selling unused stored energy into wholesale electricity markets
  • Determine optimal ways to reduce stress on the electric grid by potentially reducing system load
For Industries: 
Utilities & Energy, Manufacturing
Overview

Production schedules are key enablers of success for businesses across the manufacturing industry. For many companies in the continuous process industries (oil and gas exploration and processing, petrochemicals, mining, minerals and metals), however, production schedules are created through a surprisingly low-tech approach: Humans working manually with spreadsheets.

In this case study, learn how Honeywell Process Solutions used FICO optimization as the foundation of an automated, cutting edge scheduling solution to market and sell to process manufacturers that can lead to millions in dollars of savings. Use cases include crude-oil marine and pipeline scheduling, refinery crude oil scheduling and optimization, process unit scheduling, blend scheduling and optimization, and product distribution to terminals.

For Industries: 
Banking
Overview

Leading businesses have aggressively adopted prescriptive analytics to assess the different outcomes of potential decisions and identify the best one(s) for handling a future scenario. As companies progress their use of advanced analytics, they derive exponentially more value from their data and decisions. These five case studies highlight how five banks are using FICO optimization to boost portfolio profits by 26% or more; increase approved transactions by $100+ million; and even generate 6:1 ROI in just six months.

For Industries: 
Utilities & Energy
Overview

As one of the world’s leading global oil companies, Shell has been applying advanced process control technology to its plants around the world since the 1970s. With dramatic increases in optimization capabilities over the past decade, Shell sought a next-generation solution to help maximize each plant’s economic operating benefits. They turned to FICO® Xpress Optimization Suite to help model complex processes and provide robust optimization algorithms to solve large-scale control problems.

For Industries: 
Banking
Overview

For Toyota Financial Services (TFS), which provides auto financing to more than four million US customers, debt collection historically had been an ongoing challenge. Heavy-handed approaches meant that people could suffer credit score damage or lose their cars entirely; on the flip side, uncollected debt would hurt the bottom line.

TFS turned to a collections treatment solution powered by FICO® Xpress Optimization Suite and FICO® Model Builder to infuse statistical and predictive modeling, forecasting, advanced segmentation and optimization into a single framework to simulate multiple scenarios and deploy the optimal strategy into production. The bottom line was quick ROI that kept thousands of customers in their cars and allowed TFS to grow their portfolio without adding collections headcount.

Overview

"The FICO Xpress Optimization Suite underlies some of the biggest, most expensive problems that we solve at the airline."

Rusty Burlingame, Senior Operations
Research Developer at Southwest Airlines

Case Study 

Client: Southwest Airlines connects people to what’s important in their lives by carrying more than 100 million passengers a year to 93 domestic and international destinations. 

Challenge: Southwest was seeking ways to improve customer experience, enhance employee engagement and streamline operations to maximize revenue as the company grows and expands into new markets. 

Solution: FICO Xpress Optimization Suite

Results: Southwest has successfully implemented optimization projects across the airline — from fuel purchasing and airplane provisioning to crew planning and ground operations — and the optimization team has more projects in the works. 

For Industries: 
Banking
Overview

There’s a good deal of consensus around the idea that retail banks need to become more customer-centric. It’s a key topic with nearly every company I’ve met with and nearly every industry forum

I’ve attended over the past few years. Publications by Gartner, McKinsey & Company, Ernst & Young, PricewaterhouseCoopers, Deloitte, the Wall Street Journal, the Financial Times, the Economist, Businessweek, Forbes—and, of course, FICO—have all addressed it.

Nevertheless, many banks have yet to swing into action. I often hear executives and managers voice frustration at the lack of a navigable map between lofty industry goals and their own particular business situation. “Yes, we agree that we need to become more customer-centric. Now what do we do?”

Overview

Case Study

Client: Avis Europe, a lending car rental company in Europe, Africs, the Middle East and Asia

Challenge: Maximize the use of every automobile in the company fleet

Solution: FICO Xpress Optimization Suite

Results: Two-point increase in fleet utilization, translating into an economic impact of $19 million. 

 

Each year, Avis Europe serves more than 8 million customers at more than 3,800 locations via the Avis and Budget Brands.

It’s Europe’s No. 2 car-rental agency, controlling 17.7% of the €8.81 billion market in 2007, which comprised 1.2 million vehicles and 44 million rentals. 

 

Overview

For the average airline passenger, a successful flight means getting from point A to point B safely and on time. But for the people who work behind the scenes at American Airlines and American Eagle, success also depends on a how long and complex list of other factors - scheduling flights, juggling connections, working around bad weather and assigning crew for nearly 4,000 flights a day. "The difference between selling a couple of seats or not can be the difference between being profitable or losing money on a flight."

Learn how American Airlines partnered with FICO to use the FICO™ Xpress Optimization Suite to increase revenue, reduce costs and improve customer experience.

For Industries: 
Banking
Overview

Alternative deal structures help convert missed auto financing opportunities into deals that maximize profitability. Check out how one captive auto lender used optimization technology to increase revenues by structuring the best financing deals for its customers as well as the business, considering multiple constraints such as credit histories, dealer incentives, and other business objectives.

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