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April 26, 2016
FICO WORLD 2016, WASHINGTON, DC. — April 26, 2016
Analytics software firm FICO (NYSE:FICO) today introduced the FICO® Decision Management Suite 2.0, at FICO® World 2016 in Washington, DC. The expanded, cloud-based suite of analytic tools and applications represents a major leap forward in the practice of prescriptive analytics and decision management, providing everything businesses of all sizes need to rapidly develop innovative analytic applications and improve business decision agility.
“Many Big Data deployments have failed to deliver competitive advantage because their approach is completely backwards,” said Stuart Wells, executive vice president of products and technology, and chief technology officer at FICO. “We focus on decisions-first, as opposed to data-first. That gives our customers the fastest route to real value, and the agility to change course faster than the competition. It means being able to innovate like start-ups. Some of our Decision Management Suite customers have reduced the time to deploy an analytic application from months to days, and the time to model a decision and act on it from weeks to minutes.”
FICO Decision Management Suite 2.0 enables businesses to operationalize decisions rapidly and collaboratively by:
FICO® Decision Management Suite 2.0 also includes new Security Information and Event Management (SIEM) services that capture and analyze machine data and system log files. The suite also offers a text and unstructured analytics capability to add rich text analytics functionality to the predictive analytics already supported in the suite, as well as expanded and enhanced SAS and PMML execution.
“Many businesses have been doing amazing things with cloud computing, Big Data and analytics,” said Dan Vesset, group vice president, IDC's Analytics and Information Management research. “However, there is a gap between the promise of 'Big Data' and the reality that many businesses face. While there is indeed a ton of available data, it’s still hard for most companies to parlay it into useful insights, let alone operationalize them within their business decisions.”
“The original launch of the FICO Decision Management Suite in 2013 represented a dramatic change in decision logic authoring and application development,” Wells said. “Now, with version 2 of the Decision Management Suite, FICO’s customers have the chance to pull even further ahead of their competitors. This product suite represents the future of prescriptive analytics and decision management, and it’s available now.”
FICO® Decision Management Suite 2.0 is available via FICO® Analytic Cloud, Amazon Web Services or as a private cloud or on-premises deployment. FICO Decision Management Suite 2.0 supports Apache Spark for lightning fast Big Data processing.
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.
For FICO news and media resources, visit www.fico.com/news.
FICO and Decision Central are trademarks or registered trademarks of Fair Isaac Corporation in the United States and in other countries.
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