February 6, 2012

Predictive Analytics Case Studies

Examples, insight and guidance from expert users who have implemented Predictive Analytics. Benefit from these users' lessons learned, mistakes and tips while learning about Predictive Analytics' costs, benefits and technical implementation details.

Strategic Use of Analytics in Government
An insightful, deep look at the value analytics holds in government agencies and operations including government health care, government supply chain and HR, government revenue management and government intelligence. Full of examples and specific guidance, this Resource is highly recommended. From the Resource:
"Government organizations and agencies don't necessarily compete, but they use analytics to enable and drive their strategies and performance in increasingly volatile and turbulent environments. Analytics and fact-based decision making can have just as much or even more of a powerful effect on governmental missions as on corporate business objectives."
Thomas Davenport, Babson College and Sirkka Jarvenpaa, University of Texas at Austin

Predictive Modeling
"Further discussions with my [property & casualty insurance] colleagues revealed that there had been a critical catalyst, only a few years ago [for the adoption of predictive analytics]. The catalyst was an innovative P&C firm, who discovered that an individual's credit score was highly predictive of their likelihood for filing an automobile claim. They discovered this by experimenting with predictive modeling. Incorporating credit scores into their underwriting and pricing of automobile insurance immediately, measurably, and visibly increased this firm's profitability. They had an instant, significant advantage over their competitors. Of course, their advantage did not last long. Other P&C insurers leapt to incorporate predictive modeling in their pricing-eager to re-level the playing field."
Barry Senensky, Claim Analytics

Looking Ahead: Key Trends Shaping the HCM Vendor Landscape
This presentation highlights the role and value of analytics (including predictive analytics) in human capital management. Included are specific examples including:
Case Example: Improving Sales Leadership Performance at a Pharmaceutical Company
Case Example: Improving Controllable Contribution at a Retailer.
Highly recommended.
Jim Holincheck, Gartner

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