June 23-26, 2013
INFORMS Healthcare 2013
October 6–9, 2013
2013 INFORMS Annual Meeting
June 5-6, 2013
Customer Analytics Summit 2013
June 10-14, 2013
Predictive Analytics World
September 8-14, 2013
2013 ASE/IEEE International Conference on Big Data
“Data science begins with data. Nothing gets built without data. Data science continues with science. Accurate, persuasive and effective prediction requires patterns. The process of discovering that pattern is science. Any product worth building requires a reliable pattern to exist in the data.”
– Christopher Berry, co-founder and chief science officer of Authintic, in his article on recommendation engines in the current issue of Analytics.
Industry NewsSmart grid analytics ROI to exceed $121.8 billion globally by 2020
Utilities worldwide must maximize efficiency for constrained energy resources. Many are realizing the smart grid vision by using SAS Analytics and SAS Data Management to discover powerful insights buried in volumes of new data. SAS enables utilities to harness data for pinpoint control and monitoring, usage and demand forecasting, rapid diagnosis and repair, as well as predicting output from renewable sources such as solar and wind. For those capabilities, business analytics leader SAS is ranked No. 1 for smart grid analytics and data management/movement in the recently released utility industry report, “The Soft Grid 2013-2020: Big Data & Utility Analytics for the Smart Grid,” by GTM Research.Read More
Industry NewsFICO analytic cloud to enable real-time customer engagement
FICO will deliver its analytic-powered customer engagement services via the new FICO Analytic Cloud, for creating, customizing and deploying analytic-driven applications and services. Application developers, FICO clients and FICO partners will be able to take advantage of these services to rapidly create, execute and manage high-volume campaigns that engage customers in real-time with mass personalization across channels including brick-and-mortar, social and mobile.Read More
Special ArticlesStudy: Who can best manage ‘voice of the customer’?
Over the next three years, global organizations will make understanding and interacting with the customer their top priority. So says a new study from The Economist Intelligence Unit titled, “Voice of the customer: Whose job is it, anyway?” Yet only 56 percent of respondents to the survey, sponsored by SAS, believe their companies clearly understand the customer today.Read More
Predictive Analytics product for workers' compensation introduced
Property and casualty insurance predictive analytics provider Valen Technologies recently announced a new customer engagement with CompWest Insurance Company.
Valen will provide its InsureRight product, a predictive analytics solution, as a foundation upon which CompWest can assess new growth opportunities and more accurately price its current book of business.
Chris Folkman, managing director of CompWest Insurance Company, said, "As pricing firms up in the workers' comp line, we believe the carriers best able to capitalize on the next part of the market cycle will be those who can understand loss cost trends and deploy their capital accordingly. Combining the power of predictive analytics with our strong underwriting discipline is what will set us apart from other comp writers…"
InsureRight allows underwriters to score policies on two fronts. First, carriers can more efficiently identify risks for new and renewal policies and price according to risk in order to improve loss ratio performance. Second, they can identify policies likely to have misclassified exposure and provide agents and underwriting the ability to correct exposure misclassification prior to providing final pricing. Both of these scores facilitate a quick turnaround time and the ability to positively impact a carrier's overall pricing accuracy.
"We're pleased to support CompWest's objectives to enhance their underwriting analytics. We were able to prove the value InsureRight delivers during the test pilot," said Dax Craig, CEO of Valen.