{"id":457449,"date":"2021-03-15T08:03:50","date_gmt":"2021-03-15T12:03:50","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=457449"},"modified":"2021-03-15T08:03:50","modified_gmt":"2021-03-15T12:03:50","slug":"fico-launches-new-optimizing-success-program-for-users-of-optimization-packages","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fico-launches-new-optimizing-success-program-for-users-of-optimization-packages\/","title":{"rendered":"FICO Launches New &#8220;Optimizing Success&#8221; Program for Users of Optimization Packages"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">FICO&#8217;s latest Xpress Insight and Xpress solutions address the 85 percent failure rate in bringing advanced analytics projects to deployment<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">SAN JOSE, Calif.<\/span>, <span class=\"xn-chron\">March 15, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0Highlights:<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/450763\/FICO_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/450763\/FICO_Logo.jpg\" title=\"FICO Corporate logo.  (PRNewsFoto\/FICO)\" alt=\"FICO Corporate logo.  (PRNewsFoto\/FICO)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<ul type=\"disc\">\n<li>Companies worldwide are expected to spend billions of dollars on Big Data projects, yet as many as 85 percent are likely to fail.<\/li>\n<\/ul>\n<ul type=\"disc\">\n<li>New FICO 90-day software migration offer, called the <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3096121-1&amp;h=684247184&amp;u=https%3A%2F%2Fwww.fico.com%2Fen%2Foptimizing-success&amp;a=%22Optimizing+Success%22\" rel=\"nofollow noopener noreferrer\">&#8220;Optimizing Success&#8221;<\/a> program, gives users the ability to upgrade to the latest version of <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3096121-1&amp;h=3284106756&amp;u=https%3A%2F%2Fwww.fico.com%2Fen%2Fproducts%2Ffico-xpress-optimization&amp;a=FICO%C2%AE+Xpress+Optimization+products\" rel=\"nofollow noopener noreferrer\">FICO<sup>\u00ae<\/sup> Xpress Optimization products<\/a>, no matter what vendor they use today. <\/li>\n<\/ul>\n<p>One of the biggest challenges in the business and operations world is the failure of companies to deploy advanced analytics projects in a meaningful and impactful way. According to IDC, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3096121-1&amp;h=1765508075&amp;u=https%3A%2F%2Fwww.businesswire.com%2Fnews%2Fhome%2F20190404005662%2Fen%2FIDC-Forecasts-Revenues-for-Big-Data-and-Business-Analytics-Solutions-Will-Reach-189.1-Billion-This-Year-with-Double-Digit-Annual-Growth-Through-2022&amp;a=companies+worldwide+are+expected+to+spend+%24274.3+billion+on+Big+Data+projects+in+2022\" rel=\"nofollow noopener noreferrer\">companies worldwide are expected to spend <span class=\"xn-money\">$274.3 billion<\/span> on Big Data projects in 2022<\/a>, but experts agree that <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3096121-1&amp;h=3939686031&amp;u=https%3A%2F%2Fwww.datascience-pm.com%2Fproject-failures%2F%23%3A%7E%3Atext%3D85%2525%2520of%2520big%2520data%2520projects%2Coutcomes%25E2%2580%259D%2520(Gartner%252C%25202019)&amp;a=as+many+as+85+percent+of+analytics+projects\" rel=\"nofollow noopener noreferrer\">as many as 85 percent of analytics projects<\/a>\u00a0\u2013 which could create vast efficiencies and deliver millions of dollars in savings \u2013 fail to reach deployment.<\/p>\n<p>The major reason this problem persists is due to organizational and technological disconnects between model builders (i.e., data scientists, operations researchers) and business users within large enterprises. To solve this problem, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3096121-1&amp;h=3517854611&amp;u=https%3A%2F%2Fwww.fico.com%2Fen%2Fproducts%2Ffico-xpress-insight&amp;a=FICO%C2%AE+Xpress+Insight\" rel=\"nofollow noopener noreferrer\">FICO<sup>\u00ae<\/sup> Xpress Insight<\/a> helps foster collaboration between the data scientist and the line of business user\u00a0by taking highly complex analytic or optimization models and turning them into simple point-and-click applications that help them make real business decisions.<\/p>\n<p>FICO today announced a new 90-day software migration offer called the <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3096121-1&amp;h=684247184&amp;u=https%3A%2F%2Fwww.fico.com%2Fen%2Foptimizing-success&amp;a=%22Optimizing+Success%22\" rel=\"nofollow noopener noreferrer\">&#8220;Optimizing Success&#8221;<\/a>\u00a0program, which gives users of niche products \u2013 such as IBM&#8217;s ILOG<sup>\u00ae<\/sup> CPLEX<sup>\u00ae<\/sup> Optimization Studio, Gurobi<sup>\u00ae<\/sup> Optimizer, and SAS Optimization \u2013 the ability to upgrade to the latest version of FICO<sup>\u00ae<\/sup> Xpress Optimization products. \u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3096121-1&amp;h=3082198852&amp;u=https%3A%2F%2Fwww.fico.com%2Fen%2Foptimizing-success&amp;a=When+users+switch+to+FICO+Xpress+Optimization%2C+they+receive\" rel=\"nofollow noopener noreferrer\">When users switch to FICO Xpress Optimization, they receive<\/a>:<\/p>\n<ul type=\"disc\">\n<li>Free model benchmarking, to compare their current model performance with Xpress 8.11 <\/li>\n<li>One free Xpress Insight-based proof-of-concept application, to enable business users to run models as a web application <\/li>\n<li>A discount on start-up professional services, such as model conversion <\/li>\n<li>Free membership in the <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3096121-1&amp;h=160139685&amp;u=https%3A%2F%2Fcontent.fico.com%2Fxpress-optimization-community-license&amp;a=FICO+Optimization+Community\" rel=\"nofollow noopener noreferrer\">FICO Optimization Community<\/a>, which includes free access to online training tutorials, and discounts on customized training courses if needed<\/li>\n<\/ul>\n<p>Xpress Insight allows model developers to rapidly deploy their solutions in a scalable and secure web-based environment. Business users can run scenarios and compare results driving decision-making closer to the point of business impact. Organizations can also get a jump start on applications using FICO solution frameworks such as FICO<sup>\u00ae<\/sup> Supply Chain Solver, FICO<sup>\u00ae<\/sup> Vehicle Routing Planner and FICO<sup>\u00ae<\/sup> Forecaster. Xpress Insight brings the power of optimization and predictive analytics to a broader range of business users, giving them the self-sufficiency to solve problems while enabling analytics teams to deploy models faster for business impact within their organizations.<\/p>\n<p>Xpress Optimization is the solution of choice for forward-thinking leaders in banking, insurance, government, healthcare, energy, travel, transportation, e-commerce, consumer package goods, pharmaceuticals, manufacturing, logistics, and many more industry segments in which decision management and optimization are crucial competitive differentiators. More than 300 academic institutions use FICO Xpress Optimization in their OR, Analytics, and MBA programs, making it a popular choice among the next generation of business leaders.<\/p>\n<p>&#8220;FICO has been a leader in investing in and empowering data scientists with robust analytics and optimization tools for nearly 40 years,&#8221; said <b><span class=\"xn-person\">Nikhil Behl<\/span>, chief marketing officer at FICO<\/b>.\u00a0 &#8220;Because of our deep analytical experience across the enterprise, we are uniquely able to help companies successfully deploy advanced solutions across their worldwide operations.&#8221;<\/p>\n<p>\n        <b>About FICO<sup>\u00ae<\/sup> Xpress Optimization<br \/><\/b>FICO<sup>\u00ae<\/sup> Xpress Optimization is part of the <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3096121-1&amp;h=4179021289&amp;u=https%3A%2F%2Fwww.fico.com%2Fen%2Fproducts%2Ffico-decision-management-suite&amp;a=FICO%C2%AE+Platform\" rel=\"nofollow noopener noreferrer\">FICO\u00ae Platform<\/a>, a decisioning foundation critical for enterprises&#8217; digital transformation. The platform is designed to eliminate data siloes and enable interoperability between enterprise applications. By connecting data-derived insights from disparate business units, enterprises can respond quickly to customers&#8217; immediate needs and anticipate their future demands, resulting in deeper, more engaging customer experiences.<\/p>\n<p>Users who wish test-drive Xpress Optimization at no charge are encouraged to join more than 30,000 who&#8217;ve downloaded <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3096121-1&amp;h=870306992&amp;u=https%3A%2F%2Fcontent.fico.com%2Fxpress-optimization-community-license&amp;a=FICO%27s+free+Xpress+Community+License\" rel=\"nofollow noopener noreferrer\">FICO&#8217;s free Xpress Community License<\/a>. <\/p>\n<p>\n        <b>About FICO<br \/><\/b>FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 195 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, telecommunications, health care, retail, and many other industries. Using FICO solutions, businesses in more than 120 countries do everything from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of airplanes and rental cars are in the right place at the right time.<\/p>\n<p>Join the conversation at\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3096121-1&amp;h=3221809069&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D2426418-1%26h%3D1246801618%26u%3Dhttps%253A%252F%252Ftwitter.com%252Ffico%26a%3Dhttps%253A%252F%252Ftwitter.com%252Ffico&amp;a=https%3A%2F%2Ftwitter.com%2Ffico\" rel=\"nofollow noopener noreferrer\">https:\/\/twitter.com\/fico<\/a>\u00a0&amp;\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3096121-1&amp;h=4106512273&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D2426418-1%26h%3D1664307181%26u%3Dhttp%253A%252F%252Fwww.fico.com%252Fen%252Fblogs%252F%26a%3Dhttp%253A%252F%252Fwww.fico.com%252Fen%252Fblogs%252F&amp;a=http%3A%2F%2Fwww.fico.com%2Fen%2Fblogs%2F\" rel=\"nofollow noopener noreferrer\">http:\/\/www.fico.com\/en\/blogs\/<\/a>.<\/p>\n<p>For FICO news and media resources, visit\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3096121-1&amp;h=3167457331&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D2426418-1%26h%3D4165065180%26u%3Dhttp%253A%252F%252Fwww.fico.com%252Fnews%26a%3Dwww.fico.com%252Fnews&amp;a=www.fico.com%2Fnews\" rel=\"nofollow noopener noreferrer\">www.fico.com\/news<\/a>.<\/p>\n<p>FICO is a registered trademark of Fair Isaac Corporation in\u00a0the United States\u00a0and in other countries.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CG08808&amp;sd=2021-03-15\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/fico-launches-new-optimizing-success-program-for-users-of-optimization-packages-301246772.html\">http:\/\/www.prnewswire.com\/news-releases\/fico-launches-new-optimizing-success-program-for-users-of-optimization-packages-301246772.html<\/a><\/p>\n<p>SOURCE  FICO<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CG08808&amp;Transmission_Id=202103150800PR_NEWS_USPR_____CG08808&amp;DateId=20210315\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FICO&#8217;s latest Xpress Insight and Xpress solutions address the 85 percent failure rate in bringing advanced analytics projects to deployment PR Newswire SAN JOSE, Calif., March 15, 2021 \/PRNewswire\/ &#8212;\u00a0Highlights: Companies worldwide are expected to spend billions of dollars on Big Data projects, yet as many as 85 percent are likely to fail. New FICO 90-day software migration offer, called the &#8220;Optimizing Success&#8221; program, gives users the ability to upgrade to the latest version of FICO\u00ae Xpress Optimization products, no matter what vendor they use today. One of the biggest challenges in the business and operations world is the failure of companies to deploy advanced analytics projects in a meaningful and impactful way. According to IDC, companies worldwide are expected &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fico-launches-new-optimizing-success-program-for-users-of-optimization-packages\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;FICO Launches New &#8220;Optimizing Success&#8221; Program for Users of Optimization Packages&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-457449","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FICO Launches New &quot;Optimizing Success&quot; Program for Users of Optimization Packages - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fico-launches-new-optimizing-success-program-for-users-of-optimization-packages\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FICO Launches New &quot;Optimizing Success&quot; Program for Users of Optimization Packages - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"FICO&#8217;s latest Xpress Insight and Xpress solutions address the 85 percent failure rate in bringing advanced analytics projects to deployment PR Newswire SAN JOSE, Calif., March 15, 2021 \/PRNewswire\/ &#8212;\u00a0Highlights: Companies worldwide are expected to spend billions of dollars on Big Data projects, yet as many as 85 percent are likely to fail. New FICO 90-day software migration offer, called the &#8220;Optimizing Success&#8221; program, gives users the ability to upgrade to the latest version of FICO\u00ae Xpress Optimization products, no matter what vendor they use today. One of the biggest challenges in the business and operations world is the failure of companies to deploy advanced analytics projects in a meaningful and impactful way. According to IDC, companies worldwide are expected &hellip; Continue reading &quot;FICO Launches New &#8220;Optimizing Success&#8221; Program for Users of Optimization Packages&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/fico-launches-new-optimizing-success-program-for-users-of-optimization-packages\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-15T12:03:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/450763\/FICO_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fico-launches-new-optimizing-success-program-for-users-of-optimization-packages\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fico-launches-new-optimizing-success-program-for-users-of-optimization-packages\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"FICO Launches New &#8220;Optimizing Success&#8221; 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New FICO 90-day software migration offer, called the &#8220;Optimizing Success&#8221; program, gives users the ability to upgrade to the latest version of FICO\u00ae Xpress Optimization products, no matter what vendor they use today. One of the biggest challenges in the business and operations world is the failure of companies to deploy advanced analytics projects in a meaningful and impactful way. 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