BIIA applauds its member FICO for this ground breaking initiative to educate upcoming professionals in using analytics in business decisions.
Highlights:
- FICO Academic Engagement Program gives university students hands-on experience using analytic software
- Program’s focus is on developing business recommendations guided by analytics
- University faculty can apply online
Analytic software firm FICO announced the FICO® Academic Engagement Program, which helps undergraduate and graduate business students at participating universities gain hands-on experience in solving real-world business challenges with state-of-the-art analytical software. Business course professors can supplement coursework with projects whereby students define and solve problems using analytic tools and then develop business-focused presentations on their results.
More information: http://www.fico.com/academic-program
“By 2018, the McKinsey Institute estimates that the United States alone could face a shortage of 1.5 million business people — not data analysts — who know how to analyze Big Data to make better decisions,” said Stuart Wells, executive vice president and chief technology and products officer at FICO. “Universities must address this critical need as they prepare the leaders of the future. Our program seeks to give students the chance not only to perform analysis, but also to translate their findings into the kind of clear, action-oriented presentations that business leaders need.”
FICO has piloted this program with about 150 students, with overwhelmingly positive results. At FICO World 2016 in April, two students from Georgetown University shared their work using FICO software to analyze transaction data from three campus businesses, get a better handle on their customers’ buying patterns, and bundle and promote products to grow revenue.
Students participating in the program can work individually or as part of a cross-functional team, and can share knowledge, ask questions, and interact with FICO professionals in a secure, university-specific online community. Students receive comprehensive data sets based on actual business scenarios, detailed workbooks, tutorial videos and interactions with FICO professionals. They access FICO’s analytic tools – the same tools used by the world’s top businesses – via the FICO® Analytic Cloud.
The FICO Academic Engagement Program is complimentary for a select number of universities worldwideeach semester. To learn more about the program and determine if it may be a fit for your curriculum, please visitwww.fico.com/academic-program.
About FICO
FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 165 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, telecommunications, health care, retail and many other industries. Businesses in more than 100 countries use FICO solutions for a wide range of mission-critical applications, from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of airplanes and rental cars are in the right place at the right time.
