Common Business-Oriented Language (COBOL) is a programming language that is found at the heart of many of today's leading financial organizations' mainframe applications. Fair Isaac Blaze Advisor 6 for COBOL allows organizations to incorporate an enterprise rules management system that co-exists with or easily upgrades existing mainframe applications. Businesses can improve time-to-market and agility by using Blaze Advisor as the rules engine across applications while transitioning existing COBOL applications into newer Java/.NET applications.
"Blaze Advisor 6 for COBOL is designed for organizations that have mainframe applications and want to significantly reduce the time and costs required to introduce important changes in business priorities into their decision systems," said James Taylor, vice president of product marketing for Enterprise Decision Management at Fair Isaac. "The solution delivers more flexibility for allocating strategy ownership across the enterprise, and encourages the reuse of decision strategies across business applications."
Typically, when utilizing rules management techniques and business rules on a mainframe, companies must add Java-based services that require complex interfaces across mainframe regions to their existing Customer Information Control Systems (CICS) and COBOL applications. Fair Isaac Blaze Advisor 6 for COBOL overcomes this limitation by enabling users to develop rules services that can be compiled to IBM mainframe-standard COBOL, and by enabling these rules services to read and write data in their COBOL copybooks.
The latest Blaze Advisor innovations offer business users increased market agility in an increasingly complex and regulated global economy, while helping the enterprise maintain consistency across all touchpoints. Highlights of the Blaze Advisor 6 for COBOL include:
- Advanced capabilities for managing large projects consisting of hundreds of thousands of rules, segmented per business domain and actively managed.
- Best practices documentation that speeds time to market by guiding design of rules projects for best performance and maintainability over time.
- Release management and lifecycle capabilities that are vital as rules proliferate across the enterprise.
- Customizable management properties and queries for both technical and business users.
Blaze Advisor is part of Fair Isaac's software and solutions for enterprise decision management (EDM), which combines data analytics, modeling and policy-level control to allow companies to define and manage their automated business systems for improved efficiency and greater profitability. Fair Isaac offers customers a combination of software and services allowing an enterprise to quickly implement customized systems that lower operational costs, reduce risk, and provide greater accuracy and consistency of critical business decisions in interactive and batch applications.
Blaze Advisor supports Web Services, Enterprise Java Beans (EJB) and Message-Driven Beans (MDB) in Java 2 Enterprise Edition (J2EE) platforms, Microsoft .NET, Transaction Server and Component Object Model (COM), IBM mainframes, and legacy systems.
About Fair Isaac
Fair Isaac Corporation (NYSE:FIC) is the preeminent provider of creative analytics that unlock value for people, businesses and industries. The company's predictive modeling, decision analysis, intelligence management, decision management systems and consulting services power billions of mission-critical customer decisions a year. Founded in 1956, Fair Isaac helps thousands of companies in over 60 countries acquire customers more efficiently, increase customer value, reduce fraud and credit losses, lower operating expenses and enter new markets more profitably. Most leading banks and credit card issuers rely on Fair Isaac solutions, as do insurers, retailers, telecommunications providers, healthcare organizations, and government agencies. Through the www.myfico.com Web site, consumers use the company's FICO® scores, the standard measure of credit risk, to manage their financial health.
Statement Concerning Forward-Looking Information
Except for historical information contained herein, the statements contained in this press release that relate to Fair Isaac, including statements regarding its Fair Isaac Blaze Advisor 6 for COBOL offering, and the benefits to be derived from this offering, are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including any unforeseen technical difficulties related to the implementation, use and functionality of the offering, the risks that customers will not perceive material benefits from the offering, failure of the product to deliver the expected results, the possibility of errors or defects in the offering, regulatory changes applicable to the use of consumer credit and other data, and other risks described from time to time in Fair Isaac's SEC reports, including its Annual Report on Form 10-K for the year ended September 30, 2004, and quarterly report on Form 10-Q for the period ended June 30, 2005. Forward-looking statements should be considered with caution. If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, Fair Isaac's results could differ materially from Fair Isaac's expectations in these statements. Fair Isaac disclaims any intent or obligation to update these forward-looking statements.
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