Effective Use of Data and Analytics Can Increase Profits

In the November/December issue of Non-Prime Times, the National Auto Finance Association’s official publication, FICO’s Ken Kertz describes six strategies that auto lenders can use to win more business: Frequent model assessments – Health checks help determine the effectiveness and...

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Optimization Software for Collections

We recently worked with a leading auto lending company to set up FICO Xpress Optimization Suite for their collections needs. Historically, collections has been a very subjective business left in the hands of the individual collector. We’ve seen more analytics...

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Helping Banks Manage Risk, in Europe and Everywhere Else

Unless you’ve been off the grid for most of the year, you know that solvency and credit risk are dominating concerns for European banks and governments these days. Predictive models have long been vital tools for driving safe, effective lending...

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How Banks are Taking Big Data Lessons from Retailers

The news is filled with stories about how companies are beginning to harness the masses of data swirling around us, thanks to the advent of social media and a wealth of other transactional data. The key challenge is to sift...

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The Role of Predictive Analytics in the Sub-Prime Crisis

-- Posted by Carole-Ann Being part of Fair Isaac, I have never really doubted the critical role predictive analytics could play in business. I see real-life examples day in and day out but when I read the New-York Times article...

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Live from InterACT - What do bankers worry about in the current crisis?

(Posted by guest blogger, James Taylor) Fair Isaac recently worked with TowerGroup, a well known analyst firm in financial services, to survey 108 executives at the top 50 U.S. banks and credit card issuers. The press release is here and...

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Live from InterACT - Bernhard Nann's Keynote

(Posted by guest blogger, James Taylor) Back to this blog for a session on Fair Isaac's product road map presented by Bernhard Nann, Fair Isaac's CTO. Fair Isaac is in the middle of a major evolution in their decision management...

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Live from InterACT - Mark Greene's Keynote

(Posted by guest blogger, James Taylor) As Mark is the CEO of Fair Isaac I thought I would blog this one over on this blog rather than on the Smart (enough) Systems blog where the rest are going to be....

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BEA on Event Driven Architecture Sounds a lot like EDM

Yesterday BEA Systems released a white paper summarizing their findings of a customer study regarding Business Process Management (BPM). The paper is titled “The State of the BPM Market – Business and IT: Solving Process Problems Together.” BEA also culled through numerous analyst and other industry expert insights to narrow in on the key trends driving adoption of BPM related technologies. There were two especially notable items in the report that show an Enterprise Decision Management (EDM) approach to operational decision automation, connection and improvement is becoming an increasingly mainstream concept – even if the term EDM isn’t the label.

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EDM Helps Minimize Trade Offs Between Application Maintenance and Strategic Initiatives – So Says Forrester Research

While Enterprise Decision Management (EDM) is not called out specifically in Forrester Research’s January 28 report, “The State Of Enterprise Software Adoption: 2007 To 2008,” it describes issues top of mind among technology executives addressable with EDM technologies, such as Business Rules Management Systems (BRMSs). The report is based on results of a survey of 1,017 IT decision-makers in North American- and European-based enterprises.

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