Champion/Challenger Environment
Innovation is essential for continued improvement, but it can also create increased implementation risk if not tested first. Testing and analysis, although necessary, can be very expensive. Zoot provides financial services institutions effective, realtime evaluation of new ideas. In a traditional environment, a new idea is analyzed using regression tests, and the results are evaluated. With Zoot’s champion/challenger environment, the new idea—the challenger—can run alongside the current model—the champion—resulting in comparative data to evaluate the best practice.
When you run your champion and your challenger in parallel, simultaneously processing each application, you will be able to identify differences in the results, making the data and analysis very powerful. Alternatively, you might run only a subset of applications through the challenger, or you might use batch testing with applications from an extended time to obtain a larger sample size.
Zoot’s champion/challenger environment lets you be more innovative and experimental with a discovery process that has the potential to bring new risk models and products to market with far less risk and cost of evaluation. Rapid development and testing go hand-in-hand in making it possible to quickly respond to market changes.
Zoot’s champion/challenger environment makes complex testing offline and extensive validation unnecessary. Instead, business users can use Zoot’s rules management GUI to create the test in realtime and provide results in realtime, without affecting the ongoing champion environment. Whether it is a new business process, a new pricing model, a new product, or different evaluation methodology, Zoot’s champion/challenger environment allows you to thoroughly test and make intelligent and proven rapid responses.
Contact Zoot at (406) 556-7555 or fill out our information request form today!
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