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FICO Helps Businesses of All Sizes Innovate Like Start-ups with Next Generation Prescriptive Analytics and Decision Management Suite

WASHINGTON, April 26, 2016 /PRNewswire/ -- FICO WORLD 2016 --

  • FICO [®] Decision Management Suite 2.0 gives businesses of all sizes the ability to develop innovative analytic-powered applications faster.
  • Expanded suite enables subject matter experts to model and execute business decisions without involving IT.
  • Suite simplifies decision management by establishing repeatable, automated processes.

Analytics software firm FICO FICO, +0.22% 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:

  • Engaging team members in crucial points in the decision process through a unified and intuitive user interface that leverages the recently codified DMN standard. The latest version of FICO [®]...