Global analytic software company FICO announced it was named as a Leader in the IDC MarketScape: Worldwide Decision Intelligence Platforms 2024 Vendor Assessment.
FICO® Platform is designed to revolutionize digital transformation for businesses worldwide through an end-to-end integrated solution that powers organizations to drive critical, strategic business outcomes across the entire customer lifecycle while breaking down silos and enabling agile and collaborative innovation.
The IDC MarketScape report defines decision intelligence (DI) as “being a discipline and technology that helps organizations design, engineer, and orchestrate decisions by fully or partially automating all the steps in the decision-making process.” The IDC MarketScape noted, “FICO Platform was created in 2017 as a combination of multiple legacy point solutions for decisioning. It has been growing rapidly over recent years, now making up a sizable portion of FICO’s business alongside the company’s legacy credit monitoring capabilities.”
Per the report, FICO Platform’s strengths include:
- Strong brand equity especially when it comes to regulated industries (given the company’s legacy) and is scalable across regions and deployment options
- Scalable data integration capabilities across internal and over 100 external data sources; positive client feedback around support and machine learning capabilities
- Flexibility around decision models whereby the company can either provide its own model for the platform or enable customers to bring their own model.
SOURCE: BusinessWire