Predictive modeling use has increased in nearly every business line throughout P&C but is rarely leveraged across the enterprise. Following a growing trend in analytics, North American P&C insurers have increased predictive modeling use across the majority of business lines, according to research from Towers Watson. The company polled P&C insurers to examine their use
The majority of consumer packaged goods (CPG) companies are failing to place analytics at the heart of their decision-making process, limiting their ability to improve the customer experience and gain business advantage, a study by Accenture has...
With the field of predictive analytics becoming a more mainstream business discipline, the end objective for many organizations is to operationalize this discipline in order to truly leverage the full business impact. The notion of “operationalizing” this...
Both IDC and The International Institute of Analytics (IIA) discussed their big data and analytics predictions for 2014 in separate webcasts last week. Here is my summary of their predictions plus a few nuggets from other sources. IDC predicts...
As I frequently travel in data science circles, I’m hearing more and more about a new kind of tech war: Python vs. R. I’ve lived through many tech wars in the past, e.g. Windows vs. Linux, iPhone...
Electricity theft is estimated to cost the energy industry approximately $6 billion each year. Analytics can help them recoup a significant portion of those losses. People go to all kinds of lengths to steal electricity. Some simply...
However, the seventh installment of the company’s Property & Casualty Claim Officer Survey indicates that use of these technologies is on the rise. Despite many months of commentary indicating the value of predictive analytics in claims, the...
To overcome these challenges, network managers expect to transform almost half of their agency’s infrastructure by 2015. Federal agencies plan to fully deploy data center consolidation, mobility, security, big data and cloud computing (the Big Five) efforts...
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