Tag Archives: Optimization

Analytics & Optimization Why Optimize Mortgage Loans? (Video)

How to Optimize Mortgage Loans
Aug292018

Earlier this year at FICO World 2018,  we held a session on the growing application of pricing optimization to mortgage loan books. We invited one of our clients, National Australia Bank to speak about its journey using this type of advanced analytics. Check out this short video where presenter Josh Brougham, Head of Pricing for Mortgages at  National Australia Bank, explains why pricing optimization was a priority for the bank. Why Optimize Mortgage Loans? – Transcript:  How has optimized pricing put NAB at the top of the lending game? It has really freed up smart people to do what they do best, which is to design strategies for certain customer groups to allow us to win market share. It has removed the distraction of using ad-hoc pieces of analysis using very disparate data sets and giving them a really sophisticated toolset to enable them to deliver business value. Why was pricing optimization... [Read More]

Leave a comment

Analytics & Optimization Make Faster & Smarter Decisions with Machine Learning

Apr262018

Optimization of supply chain operations has become an imperative, as organizations grapple with customer demands, unpredictable events, and spiraling costs. On top of these persistent challenges, complexities are magnified by the myriad of tools required to manage everything from workforce schedules to resource allocation. To meet competitive demands, business decisions are needed quickly and accurately against an ever-evolving list of requirements and dependencies. But all too often, supply chains break down in the face of unanticipated factors or messy and incomplete data. To drive greater speed and precision in the supply chain, industry leaders are employing automation technology and visual insight capabilities. This traditional software driven approach can help but does not always suffice in the face of a growing number of variables and constraints. Today, many companies are transforming their supply chain challenges into business opportunities with powerful analytic platforms rooted in Artificial Intelligence and Machine Learning. Machine Learning... [Read More]

Leave a comment

Analytics & Optimization Advancing the Field of Prescriptive Analytics

FICO Xpress Mosel
Feb272018

FICO has a long history of using mathematics and advanced analytics to help businesses make better decisions. As pioneers in this space, we’ve always been committed to developing new technology, from the first commercial mathematical modeling language ‘mp-model’ in 1983, to large scale and parallel distributed computing capabilities in the early 2,000s, to the first and only parallel simplex algorithm. Since 2012 we have  been putting the power of advanced analytics, optimization, and prescriptive analytics into the hands of business users with Xpress Insight. It is with great pride that I share another step forward in our mission. Last week we announced that FICO Xpress Mosel, the leading optimization modeling, analytic orchestration, and programming language is now open and available to everyone free of charge. From the boardroom to the classroom, anyone can now create optimization models to solve problems more efficiently and make better business decisions based on data.... [Read More]

Leave a comment