Insurance companies collect large volumes of data on a day-to-day basis. However, what if this data could be restructured and used for accurately predicting the purchase patterns of the business' most loyal clients? And what if it could offer you insights on how the right offers and discounts at the right time could compel the customers to renew their services? Predictive … [Read more...] about 5 Best Tips for Adopting Predictive Analytics in Insurance
predictive analytics
How is AI going to Revolutionize Forex Trading?
With a daily trading turnover of more than 6.6 Trillion U.S. Dollars, the forex market is one of the most liquid markets in the world. Factors such as high leverage and low margin requirements make forex trading extremely riskier. That's the reason why a majority of traders end up losing their money fast. To mitigate the increased risk exposure and employ a robust trading … [Read more...] about How is AI going to Revolutionize Forex Trading?
Middle East Banking AI & Analytics Summit
Banking industry currently is going through rapid turbulence caused by the global pandemic and we have no option but to look at all possible levers to push their revenue and cut down costs as much as possible. The 3rd Middle East Banking AI & Analytics Summit in GCC which brings to together 250+ senior level executives & decision-makers from the Banking & Financial … [Read more...] about Middle East Banking AI & Analytics Summit
You Often Want Your Models To Be Wrong
A few weeks back, I was in a discussion with some analytics executives when one gentleman made a point that sounded odd at first. He suggested that in many cases we actually want the predictions we make with our models to be wrong, not right. After hearing his explanation, however, I totally agreed with him. This post will explain and illustrate with some examples. Many Events … [Read more...] about You Often Want Your Models To Be Wrong
8 ways predictive analytics can help BFSI industry
Analytics has become an important part of every core function around us. Banks and financial institutions are also understanding the immense value that data driven insights bring in. With much of the data revolving around customer behaviour, analytics gives us key insights into understanding our target audience better. As a result, banks and insurance companies can improve … [Read more...] about 8 ways predictive analytics can help BFSI industry