New FICO Software Gives Business Users at All Levels the Ability to Create Their Own Predictive Models in the FICO Analytic Cloud
FICO introduced FICO® Analytic Modeler, model development and decision strategy software that enables a range of business users – from non-technical to highly skilled – to rapidly gain real and reliable value from their data in the FICO®Analytic Cloud. The powerful predictive analytics modeling toolset is a core part of the FICO® Solution Stack, FICO’s development environment which brings together Big Data, predictive analytics and decision execution.
FICO Analytic Modeler integrates technology from FICO’s recent acquisition of InfoCentricity, including powerful, user-friendly, online analytic tools, with FICO® Model Builder, FICO’s robust on-premises analytic tool for exploring and analyzing data of any size and complexity. The toolset initially consists of two components: a scorecard tool which allows users to create deployment-ready scorecards, and a decision tree tool, which lets them build decision trees that help determine the best course of action.
The standard version of FICO Analytic Modeler was developed for business analysts, and features an intuitive, visual user interface. The professional version gives more experienced business analysts sophisticated tools for adjusting to imperfect data, addressing competing objectives, and building best-of-breed transparent models that align to business expectations, meet regulatory requirements, and ease the audit process. Coupled with advanced decision tree capabilities, analysts can explore the impact of implementing scores along with policies and create data-driven business rules.
The FICO® Analytic Modeler toolset is available today within the FICO® Solution Stack in the FICO® Analytic Cloud.
Source: FICO Press Release