Business Intelligence Services - Hype or the Need of the Hour?

Mar 31, 2022

Business Intelligence (BI) is a buzzword gaining momentum among the C-Suite group. . It is as popular as Artificial intelligence (AI), Natural Language Processing (NLP) and Machine Learning (ML). ...

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Automated Data Discovery – The Next Level in Business Intelligence

Mar 01, 2018

Many technology breakthroughs have taken place in last 10-15 years and have brought to the current stage where automated data discovery (ADD) is achievable and will soon become the regular way of conducting data profiling/data exploration exercises. There was a time when pulling data from Teradata or Brio to Excel, Minitab, perf...

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Analytics and Trends Evolution in the Airline Industry

Jan 25, 2018

I always follow research efforts by MIT Center of Transportation.  It is an easy way to know the problems that mature airline industry of North America is facing and attempting to solve.  Another such department active in the field of airline industry was (and still is) the ISYE- Industrial and Systems Engineering department at ...

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Outliers – An important element in Business Intelligence

Jan 11, 2018

It’s always fascinating to observe outliers and understand them. Outliers are the data points that don’t seem to fit well with rest of the data population. It is interesting that data points with outlier behavior are ‘outlier’ but can be found in almost every dataset that you get your hands on. Identifying outliers is always one...

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Predictive Analytics – Step 1 on the path to AI

Jun 08, 2017

Along with the emergence of new devices, we have data which is ever growing. And all this data is being collected for what?As someone correctly said – to analyze, see patterns and predict!And for all this data, you might think Artificial Intelligence (AI) to solve all data problems. And that is a good answer too.But, how d...

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How can BI help in adhering to insurance industry regulations?

Mar 27, 2017

Developing an adaptable strategy for regulatory challenges and adhering to industry regulations, along with a good ROI for each investment is a tough nut to crack.Every big insurance company has multiple portfolios which are managed by different managers. Each investment manager should adhere to 3 levels of regulatory compliance...

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The How and Why of Business Intelligence in Retail

Mar 06, 2017

The retail business  involves the process of selling consumer goods or services to customers through multiple channels of distribution to earn profit. There are many challenges which these retailers face on an ongoing basis, where the primary two are – competition for customers and the expenses involved in running a retail...

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Business Intelligence Needs of Insurers

Feb 18, 2017

The insurance industry has gone through many changes in the past few years. The interaction between insurers and customers has changed a great deal and strong competition is forcing insurers to take quick steps in building closer ties with their customers. There are many business intelligence tools out there which work great for...

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Claim Analysis and fraud detection Using Business Intelligence

Feb 02, 2017

Fast and effective claim handling is the base for customer relationships in the insurance industry, but insurance companies also have to protect themselves from the fraud claims that they might be faced with time to time.A new study from the Insurance Research Council (IRC) estimates that claim fraud and buildup added between $5...

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Insurance Risk Management and Business Analytics

Jan 16, 2017

Insurance is a risk-transferring mechanism that ensures full or partial financial compensation for the loss or damage caused by event(s) beyond the control of the insured party. And in turn, risk management is very important for the insurance industry. Insurers consider every available quantifiable factor to develop profiles of ...

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