Birst BI

OCTOBER 30, 2018

Descriptive analytics are useful because this method of analysis enables financial services companies to learn from past behaviors. Descriptive analytics techniques are often used to summarize important business metrics such as account balance growth, average claim amount and year-over-year trade volumes.

Predictive Analytics 73

Predictive Analytics Descriptive Analytics Analytics Metrics 73

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.

Data-driven 110

Data-driven Data Science Machine Learning Modeling 110

Andrew White

JANUARY 11, 2021

As such banking, finance, insurance and media are good examples of information-based industries compared to manufacturing, retail, and so on. On end user clients calls, are you hearing a greater focus on use cases and greater need for prescriptive analytics, ex marketing analytics, sales analytics, healthcare, etc.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52