PIC Solutions Enhances Scorecard Developments with Model Builder

Cape Town, 12 April 2005 - PIC Solutions has expanded their suite of scorecard development tools to include Fair Isaac’s Model Builder for Predictive Analytics.

Model Builder for Predictive Analytics is a graphical analytic development tool for rapidly developing scorecards, regression analysis models, weighting models and neural networks. Model Builder analyses historical data, such as past transactions and their outcomes, to find the relationships between historical patterns and future behaviour.

What makes Model Builder so unique is that it enables organisations to manage the entire modelling lifecycle in one integrated environment, from data preparation through model deployment and ongoing maintenance.

Stephen Leonard, Managing Director of PIC Solutions, states, “We are committed to delivering leading-edge analytic solutions to our clients. Model Builder for Predictive Analytics has been designed to provide organisations with the tools to make effective business decisions. This is the first time that Model Builder will be available in the Africa and Middle East region and our consultants will provide ongoing support to clients using this analytical tool. In addition, the PIC Solutions predictive modelling team will be using Model Builder as an in-house tool to develop custom scorecards for our clients.”

Robert Duque-Ribeiro, Vice President of EMEA and LAC at Fair Isaac, adds, “Based on the success of our long standing relationship with PIC Solutions, we have expanded the range of available Fair Isaac products to include Model Builder for Predictive Analytics. PIC Solutions is our alliance partner for Africa and the Middle East and there is a significant demand for an effective analytical development solution from organisations in this region.”