SAN JOSE, Calif., Oct. 6, 2014 /PRNewswire/ -- FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced that it has been named a "major player" in the new IDC MarketScape Worldwide Decision Management Software Platform 2014 Vendor Assessment (doc #250351, September 2014).
In this MarketScape, IDC evaluated five decision management platforms in this study, defined as software offerings where a software vendor has pre-integrated components for advanced analytics, rules management, and model development and deploys them into a single decision management software platform. Besides being recognized for its strategy, The IDC MarketScape recognized FICO for the flexibility of its decision management tools and platform, and also praised FICO's sales and distribution strategy, specifically its community and partner network.
"The decision management platform has only emerged in the past few years," said Brian McDonough, research manager, Business Analytics Solutions, IDC. "We expect rapid innovation in product functionality over the next five years but organizations can feel confident that they can see real and impressive business benefits from any of these solutions today."
"The IDC MarketScape evaluation validates our fundamental belief in the power and value of decision management software to change the way business is conducted," said Dr. Stuart Wells, chief product and technology officer at FICO. "Our investment in the FICO Decision Management Platform is bringing decades of innovations in analytics and decision science to businesses in all industries. And by using the cloud to remove the barriers to adoption, we are enabling organizations of all sizes to base their operational decisions on Big Data analytics, rather than subjective experience or mere guesswork."
The report evaluated the FICO® Decision Management Platform, a full-featured, open standards-based platform that delivers comprehensive decision management with lifecycle management, simple integration and interoperability. The FICO Decision Management Platform enables businesses to build, customize, implement, and scale analytics and decision management solutions. It provides a comprehensive environment that makes it quick and seamless to glean insight from data, and develop analytic models and decision services that operationalize those insights.
An excerpt of the IDC MarketScape report is available for download at http://subscribe.fico.com/Worldwide-Decision-Management-Software-Platform-2014-Vendor-Assessment.
Additional information about the FICO® Decision Management Platform is available at: http://www.fico.com/en/products/fico-decision-management-platform/
About IDC MarketScape
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
About FICO
FICO (NYSE: FICO) is a leading analytics software company, helping businesses in 90+ countries make better decisions that drive higher levels of growth, profitability and customer satisfaction. The company's groundbreaking use of Big Data and mathematical algorithms to predict consumer behavior has transformed entire industries. FICO provides analytics software and tools used across multiple industries to manage risk, fight fraud, build more profitable customer relationships, optimize operations and meet strict government regulations. Many of our products reach industry-wide adoption. These include the FICO® Score, the standard measure of consumer credit risk in the United States. FICO solutions leverage open-source standards and cloud computing to maximize flexibility, speed deployment and reduce costs. The company also helps millions of people manage their personal credit health. FICO: Make every decision count™. Learn more at www.fico.com.
For FICO news and media resources, visit www.fico.com/news.
FICO and "Make every decision count" are trademarks or registered trademarks of Fair Isaac Corporation in the United States and in other countries.
Related Links:
IDC MarketScape Worldwide Decision Management Software Platform 2014 Vendor Assessment
FICO Decision Management Platform
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