Increasing numbers of organizations are considering applying optimization solutions and prescriptive analytics to the decisions they make. After all, in FICO’s extensive experience, using optimization can yield profit increases of 10% to 30%, or more, over existing approaches. But it’s not simply a matter of giving business analysts access to optimization software; to ensure success, it’s also essential they understand how best to construct the optimization solution. For over 15 years, FICO has been working in partnership with clients to create FICO® Optimization Solutions for use by business analysts and business users, and to help expand their optimization knowledge, skills and hands-on expertise.
The FICO® Custom Decision Optimization service provides organizations with a significant improvement in decision performance, while simultaneously helping business analysts — who typically have experience in developing predictive models and rules-based strategies — manage some of the complexity of using optimization. FICO’s business analyst-focused methodologies and software provides organizations with the ability to go on to independently manage, improve and further develop a range of optimization solutions.