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What’s new in the FICO Decision Management Suite

Blog Post created by angelacarducci Advocate on Jun 6, 2017

The FICO Decision Management Suite (DMS) provides a cost effective and easy way for customers to evaluate, customize, deploy and scale state-of-the art analytics and decision management solutions.

 

Since 2013, FICO has been on a journey to transition the components of the Suite from stand-alone products to a set of cloud-based micro-services that integrate, consume, and generate interoperable data, and provide a seamless user experience to access a diverse set of capabilities.

 

To that end, we have moved to a quarterly release cycle and we are pleased to announce our first release (Q2 2017). We’ve added several new features and enhancements to create smarter and more collaborative analytics and optimized decisions. The products with updated features in the cloud include:

 

This release focuses on collaboration, productivity, and efficiency.  Many of these efficiencies are created through tighter integration of DMS components and the underlying Decision Management Platform. A key benefit of this release is the increased empowerment of end users thereby reducing a dependency on IT for productivity. Below you will find what’s new in each component of the Suite.

 

FICO Decision Management Platform 2.1, visit the community

  • DMN Decision Service as a Web Service:  Any Decision Service defined in Solution Editor can now be exposed as a RESTful Web Service.
  • Component-Level reporting in Analytic Data Mart:  Business users can easily access their decision data in Tableau for FICO within just seconds after the decisions have been executed in production.
  • Component-Level Validation:  Customers can now easily test components by submitting test data, and comparing actual results from the component execution with expected results.
  • Solution Import/Export:  Solutions can now be exported for backup or sharing with other users.
  • Support for CSV files in Business Terms Manager: Business Terms Manager now supports CSV files, making it simpler to define business term sets and provide test data for terms validation.

 

FICO Decision Modeler 2.1, visit the community

  • Generic scorecards and decision tables: Customers can now use decision tables and scorecards in Decision Modeler without the need to create templates. Business users no longer require any assistance from technical users, putting the power into the business user's hands and allowing for greater control, increased productivity and efficiency.
  • Analytic Integration:  Business users can now inject prescriptive analytics into decision processes by importing either PMML (Predictive Model Markup Language) for scorecards or FSML (FICO Strategy Markup Language) for decision trees. Once the prescriptive models are imported, they can be viewed and edited by business users and then executed to be part of the decision service. Business users can also easily map the variables used in the prescriptive models to their operational data structure.
  • Scorecard Enhancements:  Scorecard has been redesigned to have an automatic bin creation which will detect gaps in overlaps. This feature is essentially a way to check scorecard integrity.
  • SOAP/RESTful Deployment:  Decision Modeler now allows for multiple ways to support decision logic including SOAP, RESTful and Batch. This allows customers to have more options to choose their desired deployment method for different applications.
  • Java BOM Management: Java BOM (Business Object Model) Management enables business and technical users alike to quickly upload and refresh their operational data structure, reducing their dependency on IT. This will result in improved processes and increased speed in the ability to update and refresh data definitions and provide custom data providers with their decision logic.
  • Decision Testing: Users can conduct decision testing and validation at the same time, as well as upload validation data. If a user uploads their validation data and runs the test, the test will be validated and can easily inform the user if the test cases have passed or failed, ensuring the quality of the decision.
  • Reason Code Editor: In addition to returning a score, you can configure a scorecard to return a reason code for each bin that is fired. Reason codes provide users with reasons as to why a particular score was assigned during evaluation.

 

FICO Decision Optimizer 7.0.8, visit the community

  • FICO Drive Support: Decision Optimizer users can now exchange data and assets across the Decision Management Platform using FICO Drive, accessed through the DO user interface. This will enable users to import predictive models from analytic modeling tools and use them to create an optimized decision strategies within Decision Optimizer. Users can then export and deploy the strategy into products such as Strategy Director, all within the cloud, providing a more integrated experience.
  • Support for the latest Xpress 8.2 capabilities: Decision Optimizer now benefits from the enhancements introduced in Xpress 8.2

 

FICO Optimization Modeler 4.7.2 powered by Xpress 8.2, visit the community

  • FICO Drive Support: Decision Optimizer users can now exchange data and assets across the Decision Management Platform using FICO Drive, accessed through the DO user interface. This will enable users to import predictive models from analytic modeling tools and use them to create an optimized decision strategies within Decision Optimizer. Users can then export and deploy the strategy into products such as Strategy Director, all within the cloud, providing a more integrated experience.
  • Xpress 8.2 Embedded:  With Xpress 8.2 embedded, users benefit from all new features and performance enhancements of Xpress 8.2 including a 30% performance improvement when dealing with mixed integer problems.  In addition, there have been further parallelization enhancements, further supporting the best scaling solver in the industry. Xpress 8.2 is now embedded in all optimization products.

 

FICO Optimization Executor 2.0.4, visit the community

  • Extended integration: Embedded Xpress 8.2 and programmatic FICO Drive integration.  FICO Drive integration will allow users to exchange data and assets across the Decision Management Platform.

 

FICO Optimization Designer 1.1, visit the community

  • Built in the Cloud for the Cloud:  Optimization Designer is the first cloud-based development environment for optimization: The development of optimization models, services and solutions are connected to Tableau so users can easily add visualizations and reports to their solutions. In addition, Optimization Designer provides a collaborative experience with Google docs style concurrent development.
  • Extended integration: Embedded Xpress 8.2 and programmatic FICO Drive integration. FICO Drive integration will allow users to exchange data and assets across the Decision Management Platform.

 

FICO Application Studio 10

Version 10 of the FICO Application Studio is a major update to the capabilities of the rapid development environment delivering the following capabilities:

  • Support for Mobile Apps that work offline:  Client-side logic is cached and pushed to the device, eliminating overhead. Offline data is modeled with local storage entities that can be easily queried.
  • Create high-performance, smooth and highly responsive user experiences:  Leverage native device and sensor capabilities in your apps. UI elements update immediately when the data they are bound to changes.
  • Enhancements to mobile development with build once and run anywhere.

 

Tableau for FICO 9.3

  • Performance and productivity enhancements with increased data load speeds and display optimizations respectively.

 

FICO Analytics Workbench 1.0, visit the community

FICO Analytics Workbench provides collaborative data exploration, visual data wrangling, decision strategy design, and advanced machine learning for teams of varying skill sets.  Analytics Workbench is the next generation of FICO’s analytic toolkit, combining the best elements of our existing data science products with several open source technologies, into a single, cloud-ready, machine learning and decision science platform, powered by scalable Apache Spark.  Business analysts will appreciate the simple pathways for exploring, cleansing and modeling data, while data scientists will value the analytic notebook and its array of popular data science languages. All users will benefit from the ability to scale to and adeptly process data of potentially any size. Together, users will derive and publish powerful analytics to the Decision Management Suite for use in a variety of execution contexts.

 

FICO Decision Central 6.2, contact Rich567 for more information

FICO Decision Central streamlines compliance and manages risk with centralized decision asset governance and monitoring. The 6.2 release of Decision Central adds several features, primarily focused on enhanced asset management, governance, and monitoring.

  • Capture and visualize the relationships among decision assets, allowing customers to easily answer questions such as where are all the locations where a specific decision asset such as a variable library or predictive model is used.
  • Gain additional insight into the effectiveness of your decisions with asset-specific dashboards. Powered by Tableau, customers can define interactive dashboards focused on the most important KPIs for each asset.
  • Create reports for execution via Spark or other big data platforms to reduce report execution time.
  • Define custom variable roles to provide custom report writers additional flexibility, making it easier to develop report templates that can be used across many decision assets.

 

How can I try the products?

This quarterly update is applicable to the FICO Decision Management Suite implementations on Amazon Web Services (AWS). You can find and trial the majority of these products on the FICO Analytic Cloud.

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