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Aureus Analytics's Blog Posts Tagged 'analytics' (5)

6 Ways Big Data Analytics Can Drive Smarter Customer Service

Big data analytics finds immense application across the entire business. One area which can have direct, measurable and visible impact is the area of customer service. Data has been used since time immemorial to improve customer service, but it is only recently that the full power of predictive analytics is being applied in this function. Organizations, both large and small, are using big data…

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Added by Aureus Analytics on November 24, 2015 at 1:00am — No Comments

Insurance Persistency Model

 Consistency is critical to business since it ensures results that can be tangibly seen. In insurance industry, the policy is profitable for the insurer only when the policy persists within the insurers’ portfolio for a certain period of time. Typically Life insurance has a longer persistency period to recover the costs and become profitable compared to a general insurance portfolio.…

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Added by Aureus Analytics on November 19, 2015 at 10:00pm — No Comments

Big Data In Banking

The Banking industry generates a large volume of data on a day to day basis. To differentiate itself from the competition, banks  are increasing adoption big data analytics as part of their core strategy. Analytics will be the critical game changer for the banks. In this infographic we explore the scale at which banks have adopted analytics in their business.…

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Added by Aureus Analytics on October 11, 2015 at 10:54pm — No Comments

How Big Data Can Fuel Predictive Analytics Engine

While doing a daily reading exercise about the innovations in the field of big data, I came across this interesting case study. 



One of the world’s largest companies which provide refrigerated trucks wanted to increase their operational efficiency along with productivity. With this set objective they collaborated with a risk management application. The results were amazing. There was a reduction in the number of accidents by 15%. On further reading, I came across even…

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Added by Aureus Analytics on September 24, 2015 at 11:31pm — No Comments

A New Wave of Innovation in the Insurance Industry

A large number of organizations are now turning towards advanced analytics in order to seek solutions to their ever increasing organizational problems. Moreover, organizations are now facing intense competition; understanding the consumer needs is the key to gaining success. Like other industries, the insurance industry is now releasing the benefits of using analytics for crafting products, segmenting markets, creating unique distribution strategies, handling inforce business, making…

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Added by Aureus Analytics on September 21, 2015 at 10:28pm — No Comments

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