FICO® Xpress Optimization – Product Overview
FICO® Xpress Optimization
FICO Xpress Optimization is the most complete Optimization software technology on the Market. Its best-in-class tools enable operations research and management professionals, analysts, and consultants to rapidly develop and deploy optimization applications that solve complex, real-world business and customer engagement challenges. FICO Xpress Optimization provides easy ways to create, deploy and utilize business optimization solutions based on scalable high-performance algorithms, a flexible modeling environment, and rapid application and reporting capabilities for on-premise and cloud installations.
FICO Xpress Optimization is made up of 4 core Components:
Xpress Insight (formerly FICO Optimization Modeler)
Enables businesses to rapidly deploy optimization and analytic models as powerful FICO Xpress Solutions. It lets teams work in a collaborative environment with interactive visualization and an interface designed for the business user to work with models in business terms and understand trade-offs and sensitivities implicit in the business problem. It provides a host of supported features including scenario management, execution, data & file management, integration via APIs, UI configuration, reporting & visualization, and data analysis. It also supports the import, export and management of all types of FICO Xpress Solutions within the same environment. Powered by FICO® Xpress Optimization and available in the FICO Analytic Cloud, Xpress Insight is integrated with decision rules and predictive analytics as part of the FICO® Decision Management Suite.
Xpress Workbench (formerly FICO Optimization Designer)
FICO Xpress Optimization’s Integrated Development Environment (IDE) for developing optimization models, services and solutions. It provides a web-based collaborative code editor, syntax highlighting, code completion and folding, and contextual help for Xpress Mosel, VDL, XML, & R. Integration with Tableau® for FICO, facilitates drag and drop creation of visualizations, whilst a Xpress Tuner GUI supports tuning of optimization performance.
Xpress Workbench comes with Xpress Mosel, an algebraic modelling and procedural programming language specifically designed to interact with Xpress Solver engines. It contains drivers for various data and file formats, as well as APIs for connecting to Java, C/C++, .NET, VB, Java and other languages, as well as web services. Xpress Workbench also directly supports: Python, Matlab, & Xpress BCL.
Provides the widest breadth of industry leading optimization algorithms and technologies across 3 Modules:
Xpress Executor (formerly FICO Optimization Executor)
This Component provides standalone support for optimization execution services. This executes Xpress Mosel models using the Xpress optimization engines. It provides SOAP and REST interfaces to be either used within FICO or external applications.
FICO Xpress Solutions
In addition, FICO Xpress Optimization supports a number of different packaged software solutions, focused on solving a particular business problem or types of business problems. They are deployed in and managed by the Xpress Insight Component. There are 3 types of FICO Xpress Solutions:
FICO® Decision Optimizer helps companies improve the decisions that drive their customer interactions in order to increase profitability, reduce risk and deepen relationships. Its advanced modeling, simulation and optimization techniques allow companies to discover better strategies that balance trade-offs between risk and reward across a wide range of economic conditions.