SAN JOSE, Calif. — June 9, 2016
- FICO® Decision Management Suite helps design and maintain advanced control strategies that improve plant safety and profitability.
- Advanced optimization capabilities increase the reliability of the decisions.
- Real-time optimization calculates the best action for every situation while balancing constraints and objectives.
Analytics software firm FICO (NYSE:FICO) today announced the roll-out of the FICO® Decision Management Suite for plant-wide operational controls at Shell across its chemical plants around the globe.
The advanced optimization capabilities of the FICO® Xpress Optimization Suite, part of the Decision Management Suite, help plan asset utilization and maintenance requirements of the plants while improving plant stability and profitability. The platform is able to run calculations in real-time and provide the optimal recommended actions for every situation, balancing numerous constraints and objectives. After the system calculates the best actions, the onsite team interacts with a visual tool that gives them the control and flexibility to explore trade-offs and make the best possible decisions for the plant.
“The Decision Management Suite, and our optimization tools in particular, bring numerous benefits to plant operations,” said Bill Waid, vice president and general manager for the Decision Management Suite business at FICO. “Our relationship with Shell and the decision science expertise that we bring to the table have been key to the project’s success.”
Shell is a global group of energy and petrochemicals companies with operations divided across four businesses – Upstream, Downstream, Integrated Gas and Projects & Technologies. Shell has presence across 70 countries, employing 93,000 people worldwide.
FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 165 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 100 countries do everything from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of airplanes and rental cars are in the right place at the right time. Learn more at http://www.fico.com.
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