Remove Insurance Remove Predictive Analytics Remove Predictive Modeling Remove Risk
article thumbnail

Predictive Analytics Use Case: Loan Approval!

Smarten

Perhaps the greatest risk to a lending organization is that presented by loan applicants who are unprepared to fulfill the long-term obligation of paying off a loan. Predictive analytics can be a crucial piece of the puzzle in supporting the loan approval process and monitoring and managing loans throughout the life cycle of the contract.

article thumbnail

Seven Steps to Success for Predictive Analytics in Financial Services

Birst BI

A personal crystal ball that predicts your days ahead is what financial services firms everywhere want. Every day, these companies pose questions such as: Will this new client provide a good return on investment, relative to the potential risk? Is this existing client a termination risk? Will this next trade return a profit?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Can Plug n’ Play Predictive Analytics Be Used in Hospitals?

Smarten

How Can Predictive Analysis Tools Help My Hospital or Healthcare Organization? Hospitals and healthcare systems are turning to predictive analytics tools to plan and forecast and understand what, when and how to support patients.

article thumbnail

What is data analytics? Analyzing and managing data for decisions

CIO Business Intelligence

Diagnostic analytics uses data (often generated via descriptive analytics) to discover the factors or reasons for past performance. Predictive analytics applies techniques such as statistical modeling, forecasting, and machine learning to the output of descriptive and diagnostic analytics to make predictions about future outcomes.

article thumbnail

Think Big – Applying Analytics to Injury Claims Is the Next Challenge for Law Firms

Smart Data Collective

But if they use predictive analytics, they can determine how much each case pays out, considering factors as the number of previous cases filled with the same judge. When the risk of recurrence for a malpractice case is high, for example, they can convince the judge to be more generous in rewarding the client.

Analytics 129
article thumbnail

The most valuable AI use cases for business

IBM Big Data Hub

Clean up with predictive maintenance AI can be used for predictive maintenance by analyzing data directly from machinery to identify problems and flag required maintenance. Maintenance schedules can use AI-powered predictive analytics to create greater efficiencies. See what’s ahead AI can assist with forecasting.

article thumbnail

The Impact of Healthcare BI Tools on Decision-Making and Patient Care

FineReport

The implementation of robust healthcare data management strategies is imperative to mitigate the risks associated with data breaches and non-compliance. The integration of clinical data analysis tools empowers healthcare providers to leverage predictive analytics for proactive decision-making.