Descriptive Analytics Insurance Metrics Predictive Analytics 
Birst BI
OCTOBER 30, 2018
Today, the most common usage of business intelligence is for the production of descriptive analytics. . Descriptive Analytics: Valuable but limited insights into historical behavior. The vast majority of financial services companies use the data within their applications for what is called “ Descriptive Analytics.”
Domino Data Lab
JUNE 2, 2019
To do this, first review quantitative decisions being made by staff – for example, settlement prices quoted by insurance claims adjusters. Then calculate the variance divided by the mean to construct a metric for noise in decision-making. For kicks, try calculating this kind of metric within your own organization.
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