Amazon Web Services Case Studies FICO's Transformation: Leveraging AWS for Rapid Innovation and Cost Reduction

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	FICO's Transformation: Leveraging AWS for Rapid Innovation and Cost Reduction Amazon Web Services

FICO's Transformation: Leveraging AWS for Rapid Innovation and Cost Reduction

Amazon Web Services

Technology Category	Analytics & Modeling - Predictive Analytics Functional Applications - Dock Management Systems (DMS)
Applicable Industries	Cement National Security & Defense
Applicable Functions	Product Research & Development Quality Assurance
Use Cases	Leasing Finance Automation Tamper Detection
Services	Cloud Planning, Design & Implementation Services
Challenge	FICO, a leading predictive-analytics and decision-management software company, was facing challenges in rapidly developing and deploying its solutions, including its flagship FICO Decision Management Suite (DMS). The company, which provides services to 95 percent of the largest U.S. financial institutions, was traditionally an on-premises software company. This approach often resulted in years-long development and delivery timelines, hindering the company's ability to provide timely solutions to its customers. FICO wanted to focus on implementing its software rather than waiting for customers’ IT organizations to provision and build the underlying infrastructure for its solutions. Additionally, FICO needed to ensure strong security and compliance with Payment Card Industry (PCI), General Data Protection Regulation (GDPR), and other regulations in its operations. Read More
About Customer	FICO is a leading predictive-analytics and decision-management software company that provides a popular credit-scoring service and other analytics software and tools. The company serves 95 percent of the largest U.S. financial institutions, making it a significant player in the industry. FICO's flagship product is the FICO Decision Management Suite (DMS), which helps customers drive business transformation through predictive analytics, business rules management, and optimization. The company has a strong focus on delivering rapidly deployed, cutting-edge solutions to its customers to maintain its industry leadership. Read More
Solution	To address these challenges, FICO decided to move DMS and other solutions to the cloud. The company chose Amazon Web Services (AWS) as its cloud provider, primarily due to the integrated security capabilities of AWS. FICO was particularly interested in AWS Lambda, a service that provides serverless compute capabilities, allowing customers to run code without the need to provision or manage servers. This enabled FICO's developers to focus more on creating features and functionality. FICO migrated DMS and the myFICO.com customer-facing website to AWS, running on Amazon Elastic Compute Cloud (Amazon EC2) instances and heavily relying on AWS Lambda for serverless compute. To manage security and compliance, FICO used its own internal security practices in addition to services such as AWS CloudTrail and AWS Identity and Access Management (IAM). Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Predictive Analytics

Functional Applications - Dock Management Systems (DMS)

Applicable Industries

Cement

National Security & Defense

Applicable Functions

Product Research & Development

Quality Assurance

Use Cases

Leasing Finance Automation

Tamper Detection

Services

Cloud Planning, Design & Implementation Services

Challenge

FICO, a leading predictive-analytics and decision-management software company, was facing challenges in rapidly developing and deploying its solutions, including its flagship FICO Decision Management Suite (DMS). The company, which provides services to 95 percent of the largest U.S. financial institutions, was traditionally an on-premises software company. This approach often resulted in years-long development and delivery timelines, hindering the company's ability to provide timely solutions to its customers. FICO wanted to focus on implementing its software rather than waiting for customers’ IT organizations to provision and build the underlying infrastructure for its solutions. Additionally, FICO needed to ensure strong security and compliance with Payment Card Industry (PCI), General Data Protection Regulation (GDPR), and other regulations in its operations.

About Customer

FICO is a leading predictive-analytics and decision-management software company that provides a popular credit-scoring service and other analytics software and tools. The company serves 95 percent of the largest U.S. financial institutions, making it a significant player in the industry. FICO's flagship product is the FICO Decision Management Suite (DMS), which helps customers drive business transformation through predictive analytics, business rules management, and optimization. The company has a strong focus on delivering rapidly deployed, cutting-edge solutions to its customers to maintain its industry leadership.

Solution

To address these challenges, FICO decided to move DMS and other solutions to the cloud. The company chose Amazon Web Services (AWS) as its cloud provider, primarily due to the integrated security capabilities of AWS. FICO was particularly interested in AWS Lambda, a service that provides serverless compute capabilities, allowing customers to run code without the need to provision or manage servers. This enabled FICO's developers to focus more on creating features and functionality. FICO migrated DMS and the myFICO.com customer-facing website to AWS, running on Amazon Elastic Compute Cloud (Amazon EC2) instances and heavily relying on AWS Lambda for serverless compute. To manage security and compliance, FICO used its own internal security practices in addition to services such as AWS CloudTrail and AWS Identity and Access Management (IAM).

Impact #1	The move to AWS has unlocked significant potential for innovation within FICO. By using AWS Lambda and other AWS services to manage compute instances, FICO's developers can now focus more on building new software and enhancing DMS, rather than provisioning and managing servers. This has significantly increased the company's agility and ability to respond to customer needs. Additionally, FICO has been able to meet its stringent security and compliance requirements by running DMS on the AWS Cloud, using a combination of its own security tools and AWS services. The company has also been able to reduce operational costs and pass these savings onto its customers, positioning it for further business growth.

Impact #1

The move to AWS has unlocked significant potential for innovation within FICO. By using AWS Lambda and other AWS services to manage compute instances, FICO's developers can now focus more on building new software and enhancing DMS, rather than provisioning and managing servers. This has significantly increased the company's agility and ability to respond to customer needs. Additionally, FICO has been able to meet its stringent security and compliance requirements by running DMS on the AWS Cloud, using a combination of its own security tools and AWS services. The company has also been able to reduce operational costs and pass these savings onto its customers, positioning it for further business growth.

Benefit #1	FICO can now deliver new services and software features to customers faster, with tasks that used to take weeks now being completed in a day.
Benefit #2	FICO has reduced operational costs compared to its previous on-premises application environment.
Benefit #3	FICO can now deploy compute resources on demand, reducing time spent in the overall development process.

Benefit #1

FICO can now deliver new services and software features to customers faster, with tasks that used to take weeks now being completed in a day.

Benefit #2

FICO has reduced operational costs compared to its previous on-premises application environment.

Benefit #3

FICO can now deploy compute resources on demand, reducing time spent in the overall development process.

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Overview

FICO's Transformation: Leveraging AWS for Rapid Innovation and Cost Reduction

Operational Impact

Quantitative Benefit