FICO Xpress Insight Product Overview

Document created by neillcrossley@fico.com on Aug 3, 2017Last modified by neillcrossley@fico.com on Sep 8, 2017
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Solve bigger problems and make better decisions with FICO Xpress Insight.

FICO® Xpress Insight makes it easy to create, deploy and utilize business optimization solutions with scalable high-performance algorithms, a flexible modeling environment, and rapid application development and reporting capabilities. Xpress Insight 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.

Note: FICO Xpress Insight was formerly known as FICO Optimization Modeler.

 

Solving large, complex optimization problems can be the difference between success and failure in today’s highly competitive marketplace. FICO® Xpress Insight meets this need by providing an intuitive platform designed

specifically for business experts to build optimization solutions that drive better business decisions.

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With FICO® Xpress Insight, you can:

  • Solve the toughest problems across all industries with innovative algorithms.
  • Reduce development time by 70% to create interactive and collaborative optimization solutions.
  • Increase business value and reduce time-to-market with prebuilt solution templates.
  • Deliver optimized decisions quickly—more than 5x faster in certain areas.
  • Make robust decisions even when data is incomplete or inaccurate.

The Structure of Successful Optimization

A successful optimization solution includes three key components: effective modeling, robust solvers and a user-friendly interface.With FICO Xpress Insight, you can model your business problem in business terms, allowing you to capture constraints and objectives with high accuracy. Xpress Insight is a component of FICO® Xpress Optimization, which provides high performance and robust optimization engines. This allows Xpress Insight to take

advantage of modern CPU architectures and to process millions of variables at great speed and scalability. Xpress Insight provides business experts with greater control through an intuitive user interface that can be customized to fit any problem

 

Extending the Power of Optimization

FICO Optimization Modeler capabilities are integrated within the FICO® Decision Management Platform, which also includes:

  • Decision rules provided by FICO® Decision Modeler to develop and deploy decision management services.
  • Predictive analytics provided by FICO® Analytic Modeler to help target decisions based on future behavior.

The complete decisioning cycle that leverages these capabilities, plus optimization modeling, help ensure the best decisions by accounting for economic ebbs and flows, compliance challenges, evolving customer demands and

strategy shifts. Through this platform you can integrate with additional best-of-breed components, including data visualization and reporting tools such as expanded link analysis and unstructured data query support. Utilizing FICO® Decision Management Platform, Xpress Insight is available on the FICO® Analytic Cloud, enabling organizations of all sizes to leverage the power of optimization by eliminating the need for significant capital investment.

 

Model Building

Don’t let the ease of use fool you. FICO® Xpress Insight packs a powerful punch with the most advanced mathematical modeling and optimization software on the market. Xpress Insight solutions are driven by models implemented in Xpress Mosel, a fully functional, compiled programming language that lets users formulate and solve problems using one solver engine. It supports distributed modeling and optimization to handle very large problems. A wide variety of data sources can be accessed easily, like XML, CSV and Excel files, Hadoop’s HDFS, databases as well as web services.

 

Optimization Execution

FICO Xpress Insight supports numerous linear, mixed integer, non-linear and constraint programming. This allows you to make use of the broadest range of optimization engines within one integrated product. Xpress Insight provides reliable high-performance solvers which are based on more than 30 years of continuous innovation. The vast array of optimization algorithms include:

  • Linear programming
  • Mixed integer programming
  • Constraint programming
  • Quadratic and mixed-integer quadratic programming
  • Quadratically constrained quadratic and mixed integer quadratically constrained quadratic programming
  • Second order conic and mixed integer second order conic programming
  • Non-linear and mixed integer non-linear programming

These modeling and optimization capabilities allow you to model your business problems precisely and quickly solve them with high accuracy.

 

Accessible Optimization

Businesses have recently come into a wealth of data to help them make decisions about their customers. Modeling and optimization have become increasingly important in helping make these decisions. Meanwhile, there aren’t enough operations researchers to keep up with demand, and it has become necessary for business experts to do their own modeling and optimization. Xpress Insight supports business experts with:

  • Customized interfaces, such as large network visualizations and map views, to represent the optimization model in business terms.
  • Scenario creation and comparison to carry out what-if analysis and to understand dependencies and sensitivities within the problem.
  • Collaboration features to share your work with colleagues, work together to create an optimized strategy or present results for review to your manager.
  • Flexible interfaces to provide tailored access to certain functionality based on roles or privileges.

 

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