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Small Companies Use Analytics to Save Big On Business Insurance

Smart Data Collective

Big data technology has been a huge gamechanger in the insurance sector. More insurance are using big data to assist with the underwriting process. They have discovered that data analytics has made the underwriting process a lot easier. However, insurance companies aren’t the only ones affected by big data.

Insurance 118
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Tips for Successful Data Science Implementation in Insurance

Decision Management Solutions

Nancy Casbarro and Deb Zawisa of Novarico recently published a new paper on Data Science in Insurance: Expansion and Key Issues subscription required) that was summarized in this nice little article on Dig-in 3 challenges facing insurers in data science implementation. 1 – Getting business buy-in.

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Analytics Changes the Calculus of Business Tax Compliance

Smart Data Collective

Data analytics technology has had a profound impact on the state of the financial industry. A growing number of financial institutions are using analytics tools to make better investing decisions and insurers are using analytics technology to improve their underwriting processes.

Analytics 101
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Ways Businesses Can Boost Logistics Performance with Analytics

Smart Data Collective

Smart companies realize that analytics technology needs to be at the core of their business models. One of the most important ways that analytics can help companies thrive is by improving their logistics. Analytics Technology Helps Companies Bolster their Logistics Strategies. Vertical integration.

Analytics 109
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Ways Data Analytics Helps Business Owners Resolve Financial Issues

Smart Data Collective

Specific Ways Small Businesses Can Use Data Analytics to Resolve Financial Problems. Here are some of the most common personal-finance mistakes business owners can fix with big data technology. Fraud risks. Small businesses suffer the greatest risks of fraud. Use Data Analytics to Help Create an Emergency fund.

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Car and Mobile Companies Use Big Data to Reduce Distracted Driving

Smart Data Collective

Data analytics technology is becoming more useful when it comes to stopping traffic accidents. Big Data is the Key to Addressing Driver Safety Risks. They have accumulated a lot of data on their drivers and are using it to help address these kids of risks. What is Distracted Driving?

Big Data 129
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Next Generation Credit Decisioning with Decision Modeling

Decision Management Solutions

We work with lenders in a variety of markets and have found that decision modeling, building a visual blueprint of your credit risk decisioning, is a critical success factor in moving to next generation credit decisioning. James is passionate about helping companies improve decision-making and effectively adopt advanced analytic technology.