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Predictive Analytics on Small Data

Smarten

The common understanding of the world is that one should use predictive and prescriptive data on big data. A vast amount of data, classified and grouped, running analytics to predict what will be the next event that one or more elements of the group will take. That sounds outrageously simple, and it is.

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Smarten Support Portal Updates – January – 2024!

Smarten

If you have not registered yet, Click Here to obtain your login credentials. Others : General : How to add SSL certificate to the Smarten BI Portal?

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How Machine Learning Enhances Momentum of Cryptocurrency Price Movements

Smart Data Collective

A number of new predictive analytics algorithms are making it easier to forecast price movements in the cryptocurrency market. Conversely, if predictive analytics models suggest that the value of a cryptocurrency price is likely to decrease, more investors are likely to sell off their cryptocurrency holdings.

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eCommerce Brands Use Data Analytics for Conversion Rate Optimization

Smart Data Collective

Several organizations and research firms publish e-commerce conversion rate benchmarks based on industry data and trends. Whether you’re optimizing headlines, button colors, product descriptions, or layouts, testing different versions can yield decisive data-driven decisions.

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Using Technology to Better Manage Risk in Insurance

Decision Management Solutions

In February, we published a blog post on “Using Technology to Add Value in Insurance”. Predictive analytics can make a significant impact in this process, helping to ensure that carriers accept and price policies to properly balance the medical or financial risk against the value of the premiums.

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5 Business Expenses That Data Can Help Reduce

Smart Data Collective

Market Testing. For example, Chime Bank used artificial intelligence to test 216 versions of its homepage in just three months. Workforce analytics can help you reduce employee turnover—which is likely a bigger issue than you might think. Data makes it possible to target your ideal demographic seamlessly. Employee Turnover.

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Using Technology to Grow Relationship Value in Insurance?

Decision Management Solutions

In February, we published a blog post on “Using Technology to Add Value in Insurance.” In that post, I referenced Matt Josefowticz’s recent article – Technology May be the Answer for Insurers, but What Was the Question? , in which he argues that there are only three levers of value in insurance: 1. Sell More.