FICO Xpress Insight Enables Users to Operationalize Analytics

FICO has announced a community version of FICO Xpress Insight, a decision support application that enables data scientists to rapidly deploy advanced analytic or optimization models as business applications.

According to FICO, across many industries, data scientists create powerful models to solve complex business problems. Yet, Gartner says more than half of data science projects are never fully deployed.

“The unrealized opportunity and resource expenditure is significant when models don’t reach the intended business use,” said Bill Waid, VP and general manager of FICO Decision Management Suite. “The real business value of highly complex analytic models manifests when they’re placed in the hands of the business users and become an integral part of their operations.”

FICO Xpress Insight is aimed at enabling collaboration between the data scientist and the line of business user by taking complex analytic or optimization models and turning them into simple point and click applications that help them make real business decisions. It enables advanced analytic assets (such as an R or Python scripts) can be turned into fully functioning applications for business users.

The solution provides a flexible interface that is purpose-built for rapidly deploying validated models in an application intended for the business user in business terms; built-in user management, scenario management and file management, which reduces development effort by 70%; and business user enablement to run models, perform simulations, compare scenarios and visualize outcomes—all within a single framework.

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