© 2020 Fair Isaac Corporation. All rights reserved.

Decision ManagementOptimization

ForecasterFICO

Empower business users to sharpen forecasts with machine learning

A FICO® Xpress Insight solution

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FICO® Forecaster: Puts the power of machine learning and prescriptive analytic forecasts in the hands of business users.

Helps deliver faster, more accurate forecasts than conventional methods, even with constantly evolving and competing datasets and constraints.

Includes more than a dozen market-leading forecasting algorithms, integrated and meta-tuned based on FICO’s extensive analytic experience.

Offers an easy-to-use GUI, scenario comparison, what-if analysis, and collaboration.

Supports virtually any type of demand forecasting scenario.

Whether creating demand generation or other time-series forecasts, leading organizations are asking how they can build faster forecasts, improve their accuracy and better involve their business teams — and the answers don’t lie in massive spreadsheets or overly complex software. In today’s sense-and-respond world, you need to forecast for an uncertain future while staying agile in the present. That’s how you leapfrog the competition.

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OptimizationDecision ManagementFICO® Forecaster

Power up your forecast insightsFICO® Forecaster puts the power of machine learning (ML) and prescriptive analytic forecasts in the hands of the people who need them the most — your business users. It achieves what other analysis and forecasting tools can’t accomplish via two key innovations.

First, our platform for making advanced ML algorithms readily accessible to non-technical users — FICO® Xpress Insight — offers an easy-to-use GUI, scenario comparison and what-if analysis, and collaboration.

Second, FICO Forecaster allows access to more than a dozen market-leading forecasting algorithms, integrated and meta-tuned based on extensive FICO analytic experience. In addition, the Xpress Insight platform enables users to interact with and modify forecast outputs from algorithms. This may arise due to business rules, for example, supply constraints in demand forecasts. Apart from the flexibility of overriding the best model, the Xpress Insight platform also enables users to choose from recommended ensemble models or create their own ensembles to generate forecasts.

The science underlying the algorithms emphasizes both speed and finding the right solution for the problem at hand, considering all possible constraints and supporting both low- and high-frequency forecasts. Powered by FICO® Xpress Insight, our industry-leading optimization platform, FICO® Forecaster includes powerful data mining capabilities for pattern discovery, helping discover insights undetected by other AI/ML tools and even those that escape an analyst’s eye.

FICO Forecaster is offered as a scalable, cloud-based, or on-premises platform, making it easy to integrate with your existing databases as well as a wide range of both human- and machine-driven applications.

What use cases does it support?FICO Forecaster can flex to virtually any type of demand forecasting scenario. For example, a medical organization needed to reconcile supply, demand, and new product plans for both short- and long-term planning. They wanted a forecasting tool that could cut through the maze of competing priorities while allowing business users full control of the planning process.

They chose FICO Forecaster. It requires no specialized technical knowledge — just familiarity with the business context and problem. The “brain” of the solution automatically selects the appropriate algorithms for the specific challenges, balancing trade-offs between detail and performance. Dynamic dashboards help choose the best alternatives while offering a frictionless way to rapidly integrate new data and business or econometric factors.

Built on Xpress Insight, FICO Forecaster can not only generate forecasts, but also tell you what to do next — when you’re ready to take your forecasting to the next level.

Forecast start

Visualize Your Forecasts

FICO® Forecaster visually navigates business users through multiple options to arrive at a forecast that’s analytically sound and human-palatable. In this example, a time series of values and different forecasts/interpretations suggest what the future might look like.

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Forecast your competitive edge at www.fico.com/xpress

“We now have a platform that can seamlessly integrate augmented machine learning, predictive analytics, and human expertise. We have increased the accuracy of our forecast and have significantly reduced the time it takes to create it.”

Hans Lenk, Director of Business Analysis & Data Insights at Grupo Fleury

Grupo Fleury applies advanced analytics to enhance demand forecastingClient: Grupo Fleury, one of the largest diagnostic medical companies in Brazil

Challenge: Develop an analytic solution to improve the demand forecasting and resource allocation processes

Solution: FICO® Forecaster, built on the FICO® Xpress Insight platform

Results: The FICO solution provides an integrated demand view of the entire portfolio with a continuously updated forecast. This helps the company identify the most important pain points, replan, and prioritize internal actions to achieve its strategic goals.

Case Study

The FICO® Xpress Insight Platform

FICO® Xpress Insight provides a customizable centralized development and deployment platform that allows for the rapid creation and launch of multiple advanced analytic solutions without interference from, or dependence on IT resources. Powered by the world-class FICO® Xpress Solver, Insight comes with out-of-the-box what-if analysis, user management, built-in data repository, load balancing, security and other critical enterprise-ready features.

FICO® Forecaster, one of several Xpress Insight solutions available, is a pre-configured framework that accelerates time to value. With the most comprehensive and tailored machine learning and optimization algorithms, users are able to navigate complex trade-offs, manage risk, and achieve complex business objectives for multi-modal, multi-echelon manufacturing and distribution networks.

Additional complementary Xpress Insight solutions include FICO® Supply Chain Solver, FICO® Manufacturing Solver, and FICO® Vehicle Routing Planner, as well as build-your-own.

FICO®

Xpress Insight Centralized

Platform

FICO® Manufacturing

Solver

FICO® SupplyChain Solver

FICO® VehicleRouting Planner

FICO®

Forecaster