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December 17, 2008
The first product of its kind, Decision Simulator enables users to compare alternative versions of decision services to determine which will achieve the best possible result. Most tools today focus on the raw outcome, whereas Decision Simulator focuses on business metrics that gauge real business performance. Using Decision Simulator, users are able to segment and sample simulation data, generate standard or customized reports, analyze the impact of hypothetical rule changes and ultimately select the best approach before deployment, resulting in dramatically more cost-effective decisions.
"Our customers have been asking for a way to ascertain that they're deploying the best possible rules-based decisions," said Mike Gordon, vice president at Fair Isaac. "Decision Simulator complements Blaze Advisor rules maintenance applications (RMAs), enabling users to evaluate all their options quickly, in ways no other solution can, so they can make and implement the most effective decisions expediently and cost-effectively."
"In a challenging, hypercompetitive business environment, the cost of sub-optimal decisions can be expensive," said Jim Sinur, research vice president, Gartner. "The availability of a tool that gives business users greater confidence and better outcomes from their decisions is an important and highly relevant innovation."
Decision Simulator is available immediately as an optional add-on module to the recently released version 6.6 of the Fair Isaac Blaze Advisor BRMS.
About Fair IsaacFair Isaac Corporation (NYSE:FIC) transforms business by making every decision count. Fair Isaac's Decision Management solutions combine trusted advice, world-class analytics and innovative applications to give organizations the power to automate, improve and connect decisions across their business. Clients in 80 countries work with Fair Isaac to increase customer loyalty and profitability, cut fraud losses, manage credit risk, meet regulatory and competitive demands, and rapidly build market share. Fair Isaac also helps millions of individuals manage their credit health through the www.myFICO.com website.
Statement Concerning Forward-Looking InformationExcept for historical information contained herein, the statements contained in this news release that relate to Fair Isaac or its business 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 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 on Form 10 K for the year ended September 30, 2008. If any of these risks or uncertainties materializes, Fair Isaac's results could differ materially from its expectations. Fair Isaac disclaims any intent or obligation to update these forward-looking statements.
Fair Isaac and Blaze Advisor are registered trademarks of Fair Isaac Corporation in the United States and in other countries.
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