FICO™ World, Miami – May 2, 2013 – Zementis, a leader in predictive analytic solutions, and FICO (NYSE: FICO), a leading predictive analytics and decision management software company, today announced that Zementis ADAPA will be used in the FICO Analytic Cloud to efficiently deploy predictive models using the Predictive Model Markup Language (PMML) standard. The FICO® Analytic Cloud, announced today, enables the creation, customization and deployment of powerful analytic-driven applications and services.
The Zementis ADAPA scoring engine provides a highly scalable framework to deploy, integrate, and execute complex data mining and predictive analytic models based on the PMML standard. Models built in most commercial or open source data mining tools, such as FICO® Model Builder or R, can now instantly be deployed in the FICO Analytic Cloud. The net result is the ability to combine the power of standards-based predictive analytics with the scalability of cloud computing.
“By working with Zementis, a PMML innovator, we are able to offer a vendor-agnostic solution for efficiently moving enterprise-level predictive analytics into the FICO Analytic Cloud,” said Stuart Wells, chief technology officer at FICO. “Customers, application developers and FICO partners will be able to extract value and insight from their predictive models and data right away, using open standards. This will result in quicker time to innovation and value on their analytic applications.”
"With a focus on rapid deployment and integration of predictive algorithms through open standards, ADAPA embraces the cloud computing paradigm" said Dr. Michael Zeller, CEO of Zementis. "Organizations increasingly recognize the value that predictive analytics can bring to their business. We are excited to partner with FICO, one of the world’s leading analytics software companies, in our mission to transform predictive solutions into dynamic assets and enable FICO clients to take advantage of smart, real-time decisions in their day-to-day operations as part of their overall decision management strategy."
The FICO® Analytic Cloud will spur Big Data innovation by giving application developers, business users and FICO partners around the world direct access to FICO’s best-in-class analytics and decision management tools and technology. Built on open-source technologies and leveraging the latest industry standards, the FICO Analytic Cloud is designed to support data transportability and open modeling best practices. FICO will be rolling out components of the FICO Analytic Cloud throughout 2013. The solution will be available at http://www.ficoanalyticcloud.com.
FICO (NYSE:FICO) delivers superior predictive analytics solutions that drive smarter decisions. The company’s groundbreaking use of mathematics to predict consumer behavior has transformed entire industries and revolutionized the way risk is managed and products are marketed. FICO’s innovative solutions include the FICO® Score — the standard measure of consumer credit risk in the United States — along with industry-leading solutions for managing credit accounts, identifying and minimizing the impact of fraud, and customizing consumer offers with pinpoint accuracy. Most of the world’s top banks, as well as leading insurers, retailers, pharmaceutical companies and government agencies, rely on FICO solutions to accelerate growth, control risk, boost profits and meet regulatory and competitive demands. FICO also helps millions of individuals manage their personal credit health through www.myFICO.com.
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Zementis, Inc. is a leading software company focused on the operational deployment and integration of predictive analytics and data mining solutions. Its ADAPA® decision engine successfully bridges the gap between science and engineering. ADAPA® and the Universal PMML Plug-in™ are designed from the ground up to benefit from open standards and to significantly shorten the time-to-market for predictive analytics in any industry. For more information, please visit www.zementis.com
FICO and “Make every decision count” are trademarks or registered trademarks of Fair Isaac Corporation in the United States and in other countries.
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