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Seven Steps to Success for Predictive Analytics in Financial Services

Birst BI

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.

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Themes and Conferences per Pacoid, Episode 10

Domino Data Lab

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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What Is Data Intelligence?

Alation

BI leverages and synthesizes data from analytics, data mining, and visualization tools to deliver quick snapshots of business health to key stakeholders, and empower those people to make better choices. Augmented Analytics. Artificial Intelligence, too, is a fast-growing market, valued at $21 billion. Why reinvent the wheel?

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The Gartner 2021 Leadership Vision for Data & Analytics Leaders Webinar Q&A

Andrew White

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.