Effective Use of Data and Analytics Can Increase Profits

In the November/December issue of Non-Prime Times, the National Auto Finance Association’s official publication, FICO’s Ken Kertz describes six strategies that auto lenders can use to win more business: Frequent model assessments – Health checks help determine the effectiveness and...

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The Complexity of Sports Scheduling

The NBA recently fined the San Antonio Spurs $250,000 for resting four of their marquee players in a game against the Miami Heat. The Spurs coach stood by his decision stating this was the sixth game of a road trip...

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Analytics and Big Data are Key Technology Trends for 2013

I attended the Gartner IT Expo in October to interact with senior IT leaders, showcase FICO’s products and get the latest take on Gartner’s upcoming trends in the technology industry. I found their talk on the Top 10 Strategic Technology...

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Optimization Software for Collections

We recently worked with a leading auto lending company to set up FICO Xpress Optimization Suite for their collections needs. Historically, collections has been a very subjective business left in the hands of the individual collector. We’ve seen more analytics...

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Bullish Growth Projected for Analytics

Our radar picked up some interesting findings from IDC on the global business analytics market. After an impressive 14% growth in 2011, IDC forecasts continued growth at nearly 10% through 2016. The use of business analytics is becoming more mainstream,...

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Engaging Business Users with Xpress-Insight

We recently gave James Taylor of Decision Management Solutions a tour of our latest release of Xpress, where we showed off the new visualization capabilities of Insight. James posted a “First Look – FICO Xpress Optimization 7.3” today on his...

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Turning Insights into Actions

As an analytic scientist, I know how exciting it can be to unearth a novel, actionable insight with the potential to improve the business. And I also know how challenging it can be to persuade business leaders to recognize the...

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Helping Banks Manage Risk, in Europe and Everywhere Else

Unless you’ve been off the grid for most of the year, you know that solvency and credit risk are dominating concerns for European banks and governments these days. Predictive models have long been vital tools for driving safe, effective lending...

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How Banks are Taking Big Data Lessons from Retailers

The news is filled with stories about how companies are beginning to harness the masses of data swirling around us, thanks to the advent of social media and a wealth of other transactional data. The key challenge is to sift...

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Finding Value in Social Media Data

Everyone is looking for new techniques that will help them leverage Big Data. One of FICO’s scientists, Xing Zhao, recently married a popular collaborative filtering algorithm, matrix factorization, with our powerful segmented ensemble models, in FICO Model Builder. The result...

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