FICO’s updated Decision Management Suite leverages AI, machine learning, optimization, an deeper analytics to provide better decision outcomes.
The analytics software firm, FICO, has just shared the latest enhancements to FICO Decision Management Suite (DMS) which utilizes machine learning, artificial intelligence, advanced analytics, optimization and decision making to provide better, more predictive business results.
The improved program has many new capabilities that are made possible through new tools and execution platforms. For example, handling mission-critical AI, decisions, analytics, and optimization is made easier with the new FICO® Analytics Workbench, which supports a large range of regularly used AI and ML model executions. To top it off, FICO has developed analytic models for use cases such as detecting fraud and anomalies. The Analytics Workbench truly bridges techniques such as decision tree and scorecards with ML, providing the best of both worlds.
See also: AI getting better grades in real-time decisions
“Enterprises are eager to transform their business to be analytic and AI driven,” said Koister. “The effort to develop, deploy and improve such solutions for mission-critical applications is complicated. With a broad range of new products and capabilities DMS provides a path to help businesses transform and take advantage of AI, ML and optimization efficiently while maintaining focus on their business problems and value-add.”
Also included, is the DMS Enterprise Grade Cloud Service, now available on AWS. This managed service offers excellent availability and disaster recovery around the clock and supports the development, testing, and production environment as well. It provides everything an enterprise needs to run and operate decision management solutions in the Cloud.
The FICO Decision Central and DMS Hub in the Cloud allows for true centralized decision making with performance tracking, governance, source code control and collaboration for analytics and AI models. For even better decision making, the newest version of FICO® Decision Optimizer is now available in the Cloud.
“We are excited to unveil new capabilities in FICO DMS,” explains Jari Koister, Vice President of product management at FICO. “DMS supports the full life cycle of decision, analytics, and AI-driven applications, this includes data ingest and management, collaborative development, scalable elastic execution, and management and performance tracking of models.”
FICO World 2018 is going on right now in Miami Beach, Florida, ending April 19, 2018.