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“FICO's optimization technology is clearly next-generation and their expertise and proactive engagement have gone a long way in making this project successful."
- Rishi Amrit, Process Control Engineer at Shell
Increase operational flexibility while reducing cost and waste, freeing up capital for investment in innovative new services.
Predictive analytics, optimization and other advanced analytics help you determine the least-cost means of meeting energy demand while addressing customer preferences, complying with environmental regulations, and balancing generation capacity, transmission constraints and plant-specific operational conditions.
FICO decision management solutions rapidly pull insights from a blend of diverse data sources, including the IoT, third-party services, and customer profiles and interactions. They mathematically pinpoint the best decisions from large numbers of potential choices — increasing your organizational agility by putting the power of decision science in the hands of business users.
Balance the myriad factors impacting your operational effectiveness.
Using advanced analytics, such as machine learning, optimization and explainable AI, you can analyze a wider range of data to generate more insights for strategic planning. One utility is encompassing a wide range of factors into its business strategy optimizations — wholesale power, system reliability, environmental impact, fuel choice, capacity expansion and all key operational elements of generators on the power grid. Far from “black box” outputs, recommendations made by advanced analytics are easy for stakeholders to understand and operations research teams to work with. Using simulation, they interactively explore tradeoffs between various factors as they adjust KPI targets, and compare performance under simulated scenarios of economic and market conditions.
FICO is a Gold Sponsor of the 6th Big Data and Analytics Summit Canada. Join Mazen Moussa, Sr. Director, Decision Management Solutions & Analytics, FICO and day 1 – closing keynote speaker: Driving AI/ML Adoption to Improve Analytic Models and Business Processes. Learn more about The Big Data & Analytics Summit Canada at https://www.bigdatasummitcanada.com/.
FICO Optimization Software to Evolve Plant Processing at Shell.
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