Friday, October 18, 2013
OVERCOMING BARRIERS TO PREDICTIVE ANALYTIC SUCCESS - BEFORE YOU HIT THEM
Maximizing the value of predictive analytics is a clear driver of future success in the insurance business. Yet many predictive analytic efforts fail to deliver hoped for business value, failing to overcome common barriers to success: Business, IT and analytics teams don’t collaborate; Gaps in business understanding lead to analytics that don't have business value; Great models sit on the shelf because implementation challenges mean models take months or years to get into production. This session will show how other Insurance companies have overcome these barriers and will introduce a framework, decision management, to help insurance companies systematically succeed with predictive analytics.