with a better browsing experience; allow us to assess, monitor, and improve the website’s
performance; and enable our partners to advertise to you. You may disable the cookies by changing
the settings in your browser, and you may tell us not to share your cookie data with third parties.
“FICO’s optimization technology helped us solve one of the most difficult problems in the wind industry. The result is a giant leap forward in protecting the environment with sustainable energy solutions.”
- Klaus Vogstad, Creator of WindFarmDesigns
Reduce nonproductive time, increase margins and return on assets, and free up capital for investment.
Digital transformation in the energy industry is changing project economics and opening up new opportunities to deliver more value to customers. From optimizing wind turbine locations or refinery schedules to telling consumers and businesses how to save money by discharging solar batteries at the best time, optimization rapidly identifies the best decisions among millions of possibilities.
As part of this move to Industry 4.0, FICO decision management solutions are accelerating the already strong trend toward wider use of optimization across energy operations. Putting the power of data science in the hands of more business users, we’re making it easy for even nontechnical stakeholders to understand and act on analytic insights from massive amounts of data streaming in from IoT sensors, machines and mobile worker devices. We help your people see clearly through complex nested processes and across supply chains to spot cost-saving opportunities, risks needing proactive attention and opportunities for performance improvement. And our solutions also reduce the time and money to develop and deploy analytics-driven applications by up to 80%.
Know what to do to maximize ROA, margin and profit.
Optimization can help you select the best strategies for meeting asset utilization goals, maintenance requirements, environmental constraints and profit targets amid uncertainties in demand and availability. One company used it to plan wind farm layouts that maximize energy yield and profitability while meeting load compliance regulations — getting the answer in 10% of the time it would otherwise take.
Streamline the flow of raw materials and components across all stages of your processes.
Optimization and other advanced analytics can help you improve raw material procurement and component transfers between facilities. When supply disruptions occur, they help you adjust production schedules to still meet service-level agreements.
Increase production agility and control under changing conditions.
Analytics-driven decision automation is enabling energy innovators to create a new, more flexible generation of advanced process controls. It’s being used, for instance, to balance quality and cost objectives in fuel and chemical blending while accounting for volatility in raw materials price. Plant-level decision makers are able to make more informed choices and use visualization and simulation to quickly explore and balance tradeoffs.
Reduce downtime through predictive asset maintenance.
Decision rules add intelligence to diagnostics systems, reducing time-to-identification of the root causes of production problems. Machine learning and predictive analytics identify machines that are outliers in terms of expected ranges of production, speed or energy consumption—triggering maintenance intervention before failures occur.
Improve access to reliable energy while reducing costs.
Optimization and other advanced analytics can help you improve delivery of energy to utilities and the households and businesses that depend on them. Use them to identify and make best use of spare capacity. Balance a broader range of factors, like wholesale power capacity, system reliability and environmental constraints, that impact your delivery strategies.
Time: 1pm EST / 10am PST
Python is one of the most popular modeling languages in the world, and yet more than half of the time, developers fail to deliver their advanced analytics to business end-users. The main barrier is the lack of a deployment platform that converts models into user-friendly applications. Instead of having to continue running these models yourself or relying on a patchwork of open-source platforms, we’d like to (re-)introduce you to an enterprise-ready solution that fully integrates with Python to convert your analytics into a useable, interactable form: FICO Xpress Insight.
Time: 12pm EST / 9am PST
Ever wonder how WindFarmDesigns can reduce C02 emissions by over 20 million metric tons per year?
SolarCity uses FICO® Xpress Optimization Suite to optimize distributed energy applications.
Solving your biggest and most complex business problems.
FICO Optimization Community
Realize the promise of advanced analytics and decision management.
FICO Decision Technology Community
A high-performance execution platform to power and connect every decision.
FICO DMP Community
Solve complex manufacturing planning and scheduling problems on a flexible platform while empowering end-users with what-if business scenario comparison capability.
Solve complex supply chain network problems on a flexible platform while empowering end-users with what-if scenario capability.
Whether you have a portfolio of a few products or a few thousand, we’re all responsible for executing against goals. In an era of razor-thin margins, declining IT budgets, and competitors constantly trying to outmaneuver you, accurate fore...
Only 14% of analytics projects meet expectations. Despite the low success rate, companies big and small are still expected to transform their businesses in the digital age. In order to join the 14%, leaders must determine how to harness th...
The FICO® Decision Management Suite is a complete cloud or on-premises solution that delivers an integrated suite of tools for creating fully customizable analytically powered applications. This document provides a high-level overview of t...
According to Gartner, the prescriptive analytics software market will reach $1.57 billion by 2021. Despite this tremendous growth, most analytics programs fail to deliver business results. In one McKinsey survey, 86 percent of executives s...