FICO Model Central
FICO Model Central, is a powerful analytic model management solution which provides consistent end-to-end model governance, a central repository for all of an organization's analytic models, and advanced workflow management.
FICO Model Central : FICO Model Central, is a powerful analytic model management solution which provides consistent end-to-end model governance, a central repository for all of an organization’s analytic models, and advanced workflow management. Analytic models are at the heart of an organization’s decision-making process, and increased regulatory oversight requires that businesses employ an approved model development and monitoring process, and retain comprehensive documentation of key decisions made throughout the model lifecycle. FICO is a leading analytics software company, and 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.
FICO Model Central provides streamline model validation time by 60%, speed model deployment by as much as 80%, reduce deployment costs by up to 50%, minimize compliance risk with comprehensive audit trails and enhance model performance through faster identification of model degradation. FICO Model Central streamlines compliance and improves decision making with model deployment, governance and monitoring designed to comply with evolving regulations and support superior predictive decisions.
FICO Model Central can manage analytic models created in any vendor’s tool, ensuring that organizations know the status of all of their models at all times, from data quality testing through model development, implementation, deployment, validation, and updates or replacement. New workflow management features in version 5.0 provide an audit trail for the development, evolution and management of models, enabling easier, more streamlined compliance. Performance monitoring allows organizations to understand model efficacy, enabling them to have their best models in production, and make consistently better decisions.
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More Information on Predictive Analysis Process
For more information of predictive analytics process, please review the overview of each components in the predictive analytics process: data collection (data mining), data analysis, statistical analysis, predictive modeling and predictive model deployment.