CEO Grudnowski Delivers Insight into the Growing Impact and Applications of Enterprise Decision Management to Customers from 33 Countries
SAN FRANCISCO--(BUSINESS WIRE)--May 1, 2006--Fair Isaac Corporation (NYSE:FIC - News), the leading provider of solutions and technologies for Enterprise Decision Management (EDM), kicked off its 2006 North American InterACT customer conference today in San Francisco. In his opening address, CEO Tom Grudnowski discussed how Fair Isaac's ongoing pursuit of innovation is breaking new ground to help organizations transform and improve the way they make their most critical decisions.
InterACT, the world's leading business forum on business analytics, emerging decision management technologies and their applications, is being held this week in San Francisco, where Bill Fair and Earl Isaac started the company in 1956. Registered attendance of nearly 700 for the company's 50th anniversary conference is the highest in several years, demonstrating the growth in demand for EDM strategies and solutions.
Grudnowski told InterACT delegates that they are among the leading practitioners of EDM, which combines the analytic solutions and decision automation software organizations need to make their decisions more precise, more consistent and more agile, at every customer interaction or decision point. He also recognized clients' central role over the past 50 years in turning the company's solutions for risk management, fraud control, account management, business rules management and more into industry standards.
"We are very fortunate to have clients who understand and value what this company was born to do -- help organizations solve their most complex business problems by consistently making the right decisions at the right time," said Grudnowski. "We've been perfecting the science of EDM in our R&D labs, and working with you to perfect it in the form of thousands of successful deployments around the world. Bill Fair once said, 'We sell a radically different way of making decisions that flies in the face of tradition.' That was true in 1956, and it's still true today."
EDM Innovations in InterACT Spotlight
Key decision management innovations being showcased at InterACT 06 include:
Advances in the battle against fraud, including Fair Isaac's architecture for Enterprise Fraud Management, its vision of a fraud clearinghouse and its research into click fraud.
Fair Isaac's development of its ScoreNet® network, the first "Decision Services Provider" network. This growing network gives businesses access to hosted versions of Fair Isaac solutions, as well as more than 2,000 service providers and 70 third-party databases.
The latest release of Blaze Advisor(TM) business rules management system, the only such system powered by the Rete III algorithm. With Rete III, Blaze Advisor can run complex business rulesets up to 100 times faster than other rules engines.
The next phase in the company's EDM architecture for financial services, which will give banks a common platform for their decision management across the customer lifecycle, and connectivity between point solutions for different decision areas.
A new approach to customer-centricity called "CustomerHD," which uses leading-edge analytics to give marketers a high-definition view of customers and potential customers.
New insights into customer credit issues, including consumer sensitivity to debt load, U.S. and global regulatory issues in financial services, and the implications of HELOCs and debt consolidation for card issuers.
Today's general session also featured a keynote presentation by Jeffrey Sampler, a Fellow of Strategy and Technology at Oxford University and leading authority on how to manage information as a strategic resource for growth and innovation. Sampler provided perspectives on how to lead creatively, how to create business assets where none exist, and the power of the strategic vortex model -- building strategies one on top of the other.
About InterACT
InterACT brings together senior executives, business managers and analysts from the world's leading companies in financial services, insurance, retail, telecommunications, healthcare and the public sector. Fair Isaac began staging customer conferences in 1976 to provide the most-up-to-date insight and information on analyzing data for business decisions.
Over the next three days, InterACT participants can choose from more than 70 sessions, including case studies, research results, industry panels and strategy discussions on new EDM technologies and applications. Discussion groups and other conference events provide attendees with opportunities to connect with industry peers and Fair Isaac experts, and the InterACT Product Expo reveals Fair Isaac's latest analytic and decision management innovations.
About Fair Isaac
Fair Isaac (NYSE:FIC - News) makes decisions smarter. The company's solutions and technologies for Enterprise Decision Management give businesses the power to automate more processes, and apply more intelligence to every customer interaction. Through increasing the precision, consistency and agility of their decisions, Fair Isaac clients worldwide increase sales, build customer value, cut fraud losses, manage credit risk, reduce operational costs, meet changing compliance demands and enter new markets more profitably. Founded in 1956, Fair Isaac powers hundreds of billions of decisions per year in financial services, insurance, telecommunications, retail, consumer branded goods, healthcare and the public sector. Fair Isaac also helps millions of individuals manage their credit health through the http://www.myfico.com/ website. Visit Fair Isaac online at www.fairisaac.com.
Statements Regarding Forward-Looking Information
Except for historical information contained herein, the statements contained in this press release that relate to Fair Isaac are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including risks described from time to time in Fair Isaac's SEC reports, including its Annual Report on Form 10-K for the year ended September 30, 2005, and its quarterly report on Form 10-Q for the period ended December 31, 2005. Forward-looking statements should be considered with caution. If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, Fair Isaac's results could differ materially from Fair Isaac's expectations in these statements. Fair Isaac disclaims any intent or obligation to update these forward-looking statements.
Fair Isaac, ScoreNet and Blaze Advisor are trademarks or registered trademarks of Fair Isaac Corporation, in the United States and/or in other countries. Other product and company names herein may be the trademarks of their respective owners.
Contact:Fair Isaac Corporation
Brian Kane, 612-758-5232
briankane@fairisaac.com
Source: Fair Isaac Corporation
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