Fair Isaac upgrades Decision Optimizer

Source: Fair Isaac

Fair Isaac Corporation (NYSE: FIC), the leading provider of analytics and decision management technology, today announced the release and immediate availability of Decision Optimizer version 5.7, the preeminent tool for optimizing decision strategies amid operational complexities, resource constraints and market uncertainties.

Enhancements in Decision Optimizer 5.7 streamline the validation and tuning of decision models that are used to drive the optimization process, enabling companies to create optimized strategies much more quickly than previously possible.

"Competitive and economic pressures require businesses to deploy optimal business strategies into their production systems with unprecedented speed," said Carole-Ann Matignon, vice president of Decision Management Tools at Fair Isaac. "This new version of Decision Optimizer makes this possible by reducing the time it takes to validate and tune the decision models used in the optimization process. And as strategies are developed, compared and selected for use, they can be quickly implemented within Fair Isaac Blaze Advisor business rules management system or other decision management applications such as Fair Isaac TRIAD and Capstone."

Decision Optimizer 5.7 provides a new scenario type and supporting reports for validating decision model results, along with improved tracing capabilities to assist faster debugging of the underlying components. New modeling enhancements allow more flexible criteria within decision tables, and enable users to add custom functions seamlessly for use within equation models. In addition, more flexible options have been added to specify how segmentation is applied during optimization.

Decision Optimizer is a core component of Fair Isaac's Decision Management suite of solutions and technologies that enable organizations to automate, improve and connect decisions across their business. The market-proven technology is currently in use in more than 90 projects at more than 50 financial institutions throughout the world, helping them optimize business results in customer acquisition, origination, account management, retention and fraud referrals.

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