The Future of Big Data is Here

OnlineBusinessDegree.org recently created an interesting infographic to help explain the future of Big Data. As one of the hot buzzwords for 2012 it seems a fitting way to start the New Year. I like the section explaining how Big Data...

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Navigating the Hype to Find Real Business Value

Gartner recently released their latest set of Hype Cycle reports that cover a wide range of technology trends and where they sit on the road from trigger to productivity. These reports are a great way to get an early preview...

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Decision Management for Insurance Underwriting

We recently posted a press release describing how Lion of Africa is using FICO Blaze Advisor for their underwriting needs. Lion of Africa is one of the leading insurance companies in South Africa and is working to empower and transform...

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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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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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New technique for reject inference enables better, easier reconstruction

Earlier this week my colleagues presented a webinar on dual score reject inference, which was very well attended and sparked several great questions. The central idea is to inject the historical pattern of reasonable accept and reject decisions, along with...

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Energizing the future with analytics – Insights from INFORMS 2010

The final sessions wrapped up on Wednesday for INFORMS 2010 Annual Meeting in Austin, and it was great to see all of the innovative ways that optimization and operations research techniques are being applied to solve problems that range from...

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All in the family not yet at the table: Building Business Capability (BBC) conference missed the opportunity to bring together Analytics and Rules

While this year’s Business Rules Forum conference broadened its scope to a more comprehensive “business agility” focus (and formally added the Business Process Forum to the mix), it came up short by failing to properly integrate Analytics. Sure, the Predictive...

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