3 ms·
What is actually ironic here is commenters on a technology-driven site dismissing the OG of algorithms used to optimize a real-world, complex business problem -
by listenallyall 7y ago
What is actually ironic here is commenters on a technology-driven site dismissing the OG of algorithms used to optimize a real-world, complex business problem -- the FICO credit score. Long before PageRank or Netflix's $1 million prize or any HFT firms, Fair, Isaac & Co. designed a revolutionary, data-driven product that massively reduced banks' lending risk while saving them enormous amounts of time. It also removed bankers' personal biases out of the equation. While it may not be perfect, nobody has come up with a better system and adoption is near-universal, with many more applications than it was originally designed for.