Advanced Predictive Analytics Applications | Predictive Analytics - Digital Harbor
Moves organizations from being reactive to predictive in operational decision-making. Empowers. Empowers them to analyze trends, patterns and relationships in structured and unstructured data and helps apply the insights to make operations more predictable. Predictive analytics applications
Complex processes like enrollment, application processing, claims and payment processing across various industries require knowledge workers to be extremely diligent in ensuring risk minimization and fraud control. PPACA compliance Organizations have been reactive in using analytics to detect exceptions after the occurrence of events, resulting in huge cost and effort towards recovery and remediation measures. Predictive analytics technology
Digital Harbor addresses this problem through its predictive analytics platform. This allows organizations to detect anomalies upfront and predict outcomes in their complex operations. As a result knowledge workers can act fast and prevent costly and damaging exceptions from occurring. Predictive analytics companies
Models underlying relationships in historical data to explain and make predictions for future
Entity scoring algorithm which considers current and historical exceptions and characteristics
Includes built-in decision analysis to identify most effective actions to reach desired result
Provides executive and operational level dashboards predictive analytics technology
Applications / Use Cases
Healthcare: Proactive claims analysis to detect frauds and overpayments resulting in minimization of recovery costs. Predictive analytics in healthcare
Insurance: Analysis of huge data helps agencies measure and monitor their performance, improve policy making and service delivery
Financial Services: Effective early warning towards managing of Non-performing assets (NPAs) and minimize fraudulent financial transactions. Business predictive analytics
Government: Claims analytics platform to help property and casualty insurers optimize fraud detection and help improve ROI in fighting fraud
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https://digitalharbor.com