Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud.
We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
FICO (NYSE:FICO), the leading provider of analytics and decision
management technology, announced today that Sam’s Club, a division of
Wal-Mart Stores, Inc. (NYSE: WMT), is achieving higher than expected
results from its transformational eValues program enabled by FICO®
Retail Action Manager as its core predictive technology platform.
With this deployment of FICO Retail Action Manager, a marketing decision
application using a combination of predictive analytics, rules, and
optimization technology, Sam’s Club is the first retailer to automate
the combination of these technologies to target highly-customized offers
to its members.
“Our strategy for success is based on employing member insights to make
the best choices for our members, and with FICO predictive analytics and
optimization, we can take into account a member’s preferences, purchase
history, and in-club product availability to maximize offer relevancy
and profitability through our eValues program,” said Linda Vytlacil,
vice president for Member Insights at Sam’s Club.
“Not only are traditional paper coupons wasteful, they require consumers
to do all the work of evaluating their usefulness, clipping and bringing
them into the club, and presenting them at the point of sale,” said
Cindy Davis, executive vice president for Marketing, Membership and
eCommerce at Sam’s Club. “By contrast, the Sam’s Club eValues program
presents Sam’s Club Plus® members with offers on products
they love and on items they may be interested in trying. The eValues
offers are loaded electronically onto their membership cards. Members
can view their offers any time at samsclub.com and via in-club kiosks,
and the offer is applied automatically at check-out. To date, the
results have included a higher than expected response from members.”
“Many retailers accept one to two-percent coupon conversion rates as a
fact of life,” said Jane Johnson, vice president at FICO. “Sam’s Club is
much more visionary. In a business where member loyalty is of paramount
importance, Sam’s Club is committed to continual innovation in order to
improve the relevancy and strength of its member relationships. The
implementation of FICO Retail Action Manager is an important milestone
in the achievement of its vision.”
Sam’s Club and FICO have a long-standing relationship. The eValues
program was rolled out nationwide in August of 2009.
About FICO
FICO (NYSE:FICO) transforms business by making every decision count.
FICO’s Decision Management solutions combine trusted advice, world-class
analytics and innovative applications to give organizations the power to
automate, improve and connect decisions across their business. Clients
in 80 countries work with FICO to increase customer loyalty and
profitability, cut fraud losses, manage credit risk, meet regulatory and
competitive demands, and rapidly build market share. FICO also helps
millions of individuals manage their credit health through the www.myFICO.com
website.
FICO Statement Concerning Forward-Looking Information
Except for historical information contained herein, the statements
contained in this news release that relate to FICO or its business 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 the
success of the company’s Decision Management strategy and reengineering
plan, the maintenance of its existing relationships and ability to
create new relationships with customers and key alliance partners, its
ability to continue to develop new and enhanced products and services,
its ability to recruit and retain key technical and managerial
personnel, competition, regulatory changes applicable to the use of
consumer credit and other data, the failure to realize the anticipated
benefits of any acquisitions, continuing material adverse developments
in global economic conditions, and other risks described from time to
time in FICO’s SEC reports, including its Annual Report on Form 10-K for
the year ended September 30, 2009, and its last quarterly report on Form
10-Q for the period ended March 31, 2010. If any of these risks or
uncertainties materializes, FICO’s results could differ materially from
its expectations. FICO disclaims any intent or obligation to update
these forward-looking statements.
FICO is a registered trademark of Fair Isaac Corporation in the United
States and other countries.