FICO Unlocks Enterprise Collaboration and Operationalizes Real-Time Insights to Help Clients Accelerate Innovation and Deliver Exceptional Customer Experiences

FICO World – FICO (NYSE: FICO)

Highlights:

• New enhancements to FICO Platform accelerate enterprise collaboration by breaking down silos and improving the ability to operationalize real-time insights while leveraging the latest AI innovations.
• The ability to publish reusable decision services and intelligent assets enables businesses to broaden collaboration and rapidly deploy new use cases through an open and extensible platform.
• These innovations, use cases and customer success stories will be highlighted at FICO World, a premier client event, happening now, April 15-18 in San Diego.

At its annual FICO World conference today, global analytics software leader FICO announced major new enhancements to FICO Platform that improve and expand enterprise collaboration. The updates unlock new methods for organizations to break down silos and get more value out of their data and analytics investments. The open and extensible FICO Platform empowers customers to rapidly onboard a wider range of use cases and tap into an ecosystem of data sources and powerful analytics.

“The innovations to FICO Platform include new API enablement, an open ecosystem, and business composability features that foster a more collaborative environment by reducing silos and creating transparency into future outcomes,” said Bill Waid, chief product and technology officer at FICO. “Plus, with the improvements to our simulation and enterprise optimization capabilities, a business stakeholder can model what would happen, for example, to their company-level credit portfolio if they adjusted their decision criteria to expand credit access or pursue new revenue opportunities. There are nearly unlimited possibilities to how organizations can utilize simulation and optimization to develop, refine, and execute their business strategies.”

Accelerating Innovation Through an Open Ecosystem

FICO Platform enhancements enable businesses to expedite their return on investment in data and analytics. This minimizes vendor lock-in by creating an open ecosystem of data, decision intelligence services supported through APIs, a common repository, and an open and extendable platform. Combined with robust business simulation and digital twin capabilities, organizations can also provide their stakeholders with fine-grained control of enterprise-wide scenario experimentation that drives “what-if” scenarios that can have a direct impact on how to mitigate risk and create outsized results.