February 16, 2012
FICO Model Central is the latest addition to FICO’s Decision Management platform and is focused on lifecycle management of predictive analytic models in the context of an overall Decision Management implementation. The original driver was a growing regulatory requirement in the banking industry to have a regular cycle of model validation and monitoring of predictive [...]
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January 30, 2012
An interesting thread over on LinkedIn got into a discussion of terminology and I thought I would share my opinion on this here:
Decision Management is an approach for supporting, automating, managing and improving decisions.
Decision Management Systems are systems that automate and manage repeatable decisions.
Decision Support Systems support people manage decisions, both repeatable and one-off.
To build [...]
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