Innovation, technology and big data were hot topics this month at the World Economic Forum’s Annual Meeting of the New Champions, where over 1,500 business leaders, government officials and scholars gathered in the northern Chinese city of Dalian to discuss global challenges.

FICO was present and found an intense interest in our type of science.  Analytics and big data were seen as central to the discussion of how technology could help solve our intertwined global challenges – economic, political, societal and environmental. Indeed, FICO was often asked by interested attendees about how its technology can be used to predict human behaviour and allow organisations to make better decisions.

FICO took part in a particularly engaging debate entitled: “Big Data or Big Hype?” The packed session was moderated by Vijay Vaitheeswaran, China Business and Finance Editor for The Economist. There was a lively discussion on how the widespread use of big data, telecommunications and the internet will alter sectors such as finance, healthcare, energy, social security and retail. It was clear that technology efficiency will drive numerous improvements, and nowhere more so than in the countries of Asia Pacific.

Source:  World Economic Forum