Equifax and FICO on Applying Machine Learning to Open Data

Teams that work with open data may feel like they face an explosion of information these days, but there are resources being brought to bear to process such data and stem the tide.Last week’s FICO World conference in New York revealed some of the varied ways the credit niche of the financial world tries to apply big data analytics and so-called decision technology.The conference was largely a showcase for data analytics company FICO, but some presentations spoke to a broader context using machine learning and other resources to process vast amounts of data. Peter Maynard, senior vice president of data and analytics for strategic client and partner engagement at Equifax spoke about a partnership between his consumer credit reporting agency and FICO. He was joined by Tom Johnson, senior director with FICO, to discuss their joint effort combining data in a platform for decision making.