"We have clients - including many at this conference - who have reaped tremendous gains through EDM, and many others who are excited by the possibility of extending their current success with our technology to more areas of their business," said Greene. "It's our job to collaborate with clients more closely than ever to help them bring EDM to life in ways that makes sense for their organizations and industries. We believe that EDM will become the way that industry leaders decide, and we are committed to helping our clients become the most innovative and successful practitioners."
In a special session today, Fair Isaac leaders will discuss the business benefits of EDM, illustrate a solid EDM architecture and technical infrastructure, and reveal detailed product roadmaps that show how Fair Isaac applications can be integrated for greatest impact and benefit. They also will underscore the company's commitment to helping clients migrate to more advanced decision systems while effectively leveraging current technology investments.
The events surrounding InterACT 07 have drawn nearly 750 Fair Isaac clients from 35 countries to San Francisco for a week of learning, networking and sharing of ideas for making smarter decisions. Participants represent a range of industries, including financial services, insurance, retail, telecommunications and healthcare. The relevance and value of EDM across industries is a central theme of InterACT 07.
Enterprise Decision Management breaks down the decision "silos" that typically exist in companies that make large numbers of automated decisions. For example, a large retail bank makes thousands of decisions per day in specific areas including marketing, account originations, customer management, fraud and collections. Because a single customer can interact with that bank across many or all of these areas, an EDM approach helps the bank coordinate decisions across the customer lifecycle.
"Our clients operate in highly competitive, increasingly complex environments where change is constant," said Mike Campbell, chief operating officer at Fair Isaac. "They need to make decisions fast, and they need to make sure every decision is the best possible decision. EDM answers the call by connecting and informing decisions across functions, channels and customer touchpoints."
Fair Isaac's flexible EDM architecture is based on components used to create "decision services" that can be invoked to make decisions. This architecture allows companies to create a common repository of business rules and analytic models, and to integrate decision services and components in a service-oriented architecture (SOA).
About Fair Isaac
Fair Isaac Corporation (NYSE:FIC) makes decisions smarter. The company's solutions and technologies for Enterprise Decision Management give businesses the power to automate more processes, and apply more intelligence to every customer interaction. Through increasing the precision, consistency and agility of their decisions, Fair Isaac clients worldwide increase sales, build customer value, cut fraud losses, manage credit risk, reduce operational costs, meet changing compliance demands and enter new markets more profitably. Founded in 1956, Fair Isaac powers hundreds of billions of decisions per year in financial services, insurance, telecommunications, retail, consumer branded goods, healthcare and the public sector.
Fair Isaac Statement Concerning Forward-Looking Information
Except for historical information contained herein, the statements contained in this press release that relate to Fair Isaac or its businesses 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 the success of the Company's Enterprise Decision Management strategy, its ability to recruit and retain key technical and managerial personnel, the maintenance of its existing relationships and ability to create new relationships with customers and key alliance partners, its ability to continue to develop new and enhanced products and services, competition, regulatory changes applicable to the use of consumer credit and other data, the possibility that the anticipated benefits of acquisitions, including expected synergies, will not be realized and other risks described from time to time in Fair Isaac's SEC reports, including its Annual Report for the year ended September 30, 2006, and quarterly report on Form 10-Q for the period ended March 31, 2007. 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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