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Aureus Analytics's Blog – November 2015 Archive (6)

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

Building A Predictive Model

“Predictive analytics” is a commonly used term today. Wikipedia describes it as ‘encompassing a variety of statistical techniques from modeling, machine learning, and data mining that analyze current and historical…

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Added by Aureus Analytics on November 21, 2015 at 12:30am — 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

5 Ways How Social Data Can Boost Customer Retention For Insurers

Everyone has been talking about how social data can help them retain customers and improve revenues and increase profit and get more customer and get more revenue and … you get the point.…

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Added by Aureus Analytics on November 17, 2015 at 10:44pm — No Comments

What Is Unsupervised Learning?

 Unsupervised learning algorithms are machine learning algorithms that work without a desired output label. A supervised machine learning algorithm typically learns a function that maps an input x into an output y, while an unsupervised learning algorithm simply analyzes the x’s without requiring the y’s. Essentially, the algorithm attempts to estimate the underlying structure of the population of x’s (in other…

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Added by Aureus Analytics on November 16, 2015 at 10:00pm — No Comments

Customer One View In The Times Of Big Data

There is no doubt that when an enterprise’s customer base and product portfolio grows, it becomes even more complicated to manage multiple relationships with the customer across products, channels and geographies. Most organizations have a simplistic approach to manage this challenge: Customer Single View.…

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Added by Aureus Analytics on November 8, 2015 at 10:30pm — No Comments

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