Chennai, November, 2017: Silicon Valley analytics software firm FICO today announced that it has been accepted to the UK’s Manufacturing Technology Centre (MTC), an organization that links manufacturers with new technologies. The MTC will use FICO® Xpress Optimization software to help manufacturers understand how advances in optimisation can improve production efficiency, scheduling, supply chains and other processes.
The MTC develops and proves innovative manufacturing processes and technologies in an agile, low-risk environment, in partnership with industry, academia and other institutions. It focuses on delivering bespoke manufacturing system solutions for customers. The MTC now has more than 100 members from SMEs to some of the biggest brands in the world such as Unilever, Rolls-Royce, BAE Systems and Siemens.
“Today, every machine, process and resource within the organisation has a direct impact on multiple aspects of the business,” said Shahriar Saghri, Senior Research Engineer at the MTC. “Optimisation can help manufacturers use all their data to discover optimal strategies across their value chain. We offer the perfect way for manufacturers to explore what’s possible now, and FICO has the deep expertise in this technology to give our members an analytic edge.”
“Advanced analytics such as artificial intelligence, machine learning and optimization will power the manufacturing industry to new levels of performance and efficiency,” said Steve Hadaway, general manager for Europe, the Middle East and Africa at FICO. “We have found keen interest in the UK, and worldwide, from manufacturers seeking to realise the potential of Industry 4.0. Through the MTC, we can help manufacturers investigate advanced analytics to make faster, smarter decisions throughout their planning, production and supply chain lifecycles.”
FICO’s solutions for manufacturers include FICO® Xpress Optimization, the world’s most advanced optimisation software, as well as the FICO® Decision Management Suite, a platform for building and managing analytics-powered applications. FICO works with manufacturers worldwide, including Shell, Honeywell and Solar City. The company awarded a 2017 FICO Decisions Award to PepsiCo for its work in optimizing network sourcing based on total cost, support loads and unmet demand.