FICO Brings Analytics Challenge to Delaware State University to Empower the Next Generation of Data Scientists
January 11 2024 - 8:00AM
Business Wire
The FICO® Educational Analytics Challenge
allows students from data science, engineering, and technology
backgrounds to improve their analytics skills
Global analytics software leader FICO is expanding its FICO®
Educational Analytics Challenge to students at Delaware State
University, the third Historically Black College and University
(HBCU) to adopt the program. This semester’s Analytics Challenge at
Delaware State focuses on identifying and mitigating bias in data
and decision models using a historical lending data.
The FICO® Educational Analytics Challenge was created to amplify
diversity, equity and inclusion in data science. The program
provides students with real-world practitioner challenges and
imparts technical skills to prepare them for data science careers
in the financial services industry where firms are operationalizing
AI, analytics, and machine learning. FICO is providing students
access to their data scientists for technical/project support and
mentoring opportunities. FICO’s Chief Analytics Officer, Dr. Scott
Zoldi, will also present an in-person lecture on campus on
Responsible AI and discuss the Analytics Challenge problem with
student participants. In addition, the program provides financial
support for each participating HBCU, enhancing analytics study and
creating potential career opportunities for students after
graduation.
“We are looking forward to working with FICO’s data science team
to help enrich our students’ college experience with real-world
knowledge and opportunities before they enter the workforce,”
said Michael H. Casson Jr., Dean of College of Business at
Delaware State University. “Thank you to FICO for creating a
program that encourages students to explore complex data science
decisions, as well as the ability to learn how to use Responsible
AI to protect and safely advance analytic practices.”
FICO first launched the Analytics Challenge with Bowie State
University and Alabama A&M University in the Fall 2023
semester. Working with students from a variety of backgrounds
across both schools, the challenge empowered the universities and
students to further their work in the data science field.
“The Analytics Challenge is a passion program of mine, and I am
looking forward to meeting and working with the Delaware State
students this semester. Of the most important lessons that the
Bowie State and Alabama A&M students learned from identifying
inherent biases in data was the need for a strong and diverse team
working diligently to understand, hypothesize, and clean the data,”
said Dr. Scott Zoldi, Chief Analytics Officer at FICO.
“Students are at the forefront of future AI innovation and gaining
valuable experience now using AI tools responsibly and ethically is
critical.”
FICO has a long-standing commitment to innovation and views
diversity as critical for success. Dr. Scott Zoldi is set to launch
a fraud-specific FICO® Educational Analytics Challenge program for
the Fall 2024 semester. College participants and additional details
forthcoming.
About FICO
FICO (NYSE: FICO) powers decisions that help people and
businesses around the world prosper. Founded in 1956, the company
is a pioneer in the use of predictive analytics and data science to
improve operational decisions. FICO holds more than 215 US and
foreign patents on technologies that increase profitability,
customer satisfaction and growth for businesses in financial
services, insurance, telecommunications, health care, retail, and
many other industries. Using FICO solutions, businesses in more
than 100 countries do everything from protecting 2.6 billion
payment cards from fraud, to improving financial inclusion, to
increasing supply chain resiliency. The FICO® Score, used by 90% of
top US lenders, is the standard measure of consumer credit risk in
the US and has been made available in over 40 other countries,
improving risk management, credit access and transparency.
Learn more at https://www.fico.com/en Join the conversation at
https://twitter.com/fico & https://www.fico.com/blogs/. For
FICO news and media resources, visit
https://www.fico.com/en/newsroom.
FICO is a registered trademark of Fair Isaac Corporation in the
U.S. and other countries.
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Julie Huang press@fico.com
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