(Minneapolis, Minnesota, USA) - Fair Isaac Corporation (NYSE:FIC), the leading provider of analytics and decision management technology, today announced the availability of version 3.6 of Model Builder for Predictive Analytics. The latest release of Fair Isaac's software platform for developing and deploying predictive models and analytic technologies enables businesses to streamline the model development process, significantly reducing the time required to analyze data, build powerful models and deploy automated, more profitable decision strategies.
Model Builder is a core component of Fair Isaac's Enterprise Decision Management (EDM) suite of solutions and technologies that enable organizations to automate, improve and connect decisions across their business. It allows analysts to quickly define and test predictive models, and deploy them to production systems without recoding by programmers. Companies can move from data analysis to effective decision management much faster than is possible using traditional modeling software.
Key technical enhancements to Model Builder 3.6 designed to provide a faster path to smarter decisions include:
- A data import wizard to accelerate the process of importing data into Model Builder's native format from a variety of common sources, including fixed-width and delimited text and SAS datasets.
- An automated dataset analysis routine that summarizes essential facts about the data to help users quickly and easily assess data quality.
- An easily configured sampling and partitioning activity that allows users to intelligently sample down large datasets, append sample weights to records, and partition data into training and testing groups, without any advanced coding.
- A scorecard creation wizard that makes building a new scorecard faster and easier than ever before, while continuing to provide users the deep flexibility they need to fine-tune model training parameters and constraints.
"As our customers expand their use of predictive models, it's critical to bring new employees up to speed quickly," said Carole-Ann Matignon, vice president of Enterprise Decision Management Technologies at Fair Isaac. "Model Builder 3.6 helps new users immediately perform hands-on modeling - helping new clients more quickly realize the value of predictive models in improving business performance - while still providing the depth and flexibility necessary for fine-tuning models and satisfying regulatory requirements of our existing customers."
The base Model Builder application provides the framework for analyzing data and deploying models. Innovations Modules including the Scorecard, Segmentation ART™ and Data Spiders™ modules integrate seamlessly with Model Builder to deliver advanced analytic technologies for building scorecard models, identifying optimal population segments for modeling, and automating the discovery of powerful predictive variables from transaction data. Predictive models can be directly deployed within Fair Isaac's Blaze Advisor™ business rules flows.
Model Builder offers the same model development environment Fair Isaac analytics experts use every day to build powerful custom predictive models for companies worldwide across industries, including financial services, insurance, retail, telecommunications and healthcare. Businesses can improve the efficiency and functionality of their modeling capabilities, and better leverage critical data assets to make the best decisions about their customers across the customer lifecycle, from originations and account and customer management to collections and recovery.
About Fair Isaac
Fair Isaac Corporation (NYSE:FIC) combines trusted advice, world-class analytics and innovative applications to help businesses make smarter decisions. Fair Isaac's solutions and technologies for Enterprise Decision Management turn strategy into action and elevate business performance by giving organizations the power to automate more decisions, improve the quality of their decisions, 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 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 Model Builder 3.5, Segmentation ART, Data Spiders and Blaze Advisor product offerings and the benefits to be derived from these product offerings, 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, any unforeseen technical difficulties related to the implementation, use and functionality of the offerings, the risks that customers will not perceive material benefits from the offerings, failure of the products to deliver the expected results, the possibility of errors or defects in the offerings, 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 for the year ended September 30, 2006, and quarterly report on Form 10-Q for the period ended June 30, 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.
Fair Isaac, Data Spiders, Segmentation ART and Blaze Advisor are trademarks or registered trademarks of Fair Isaac Corporation in the United States and/or in other countries. Other product and company names herein may be the trademarks of their respective owners.
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