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Trends and Outliers

TIBCO Spotfire's Business Intelligence Blog

Category Archives: Public data

04/16
2013

5 Ways Predictive Analytics Help Insurance Agents, Carriers Work Together

What if you, Mr. or Ms. Insurance Agent, could predict the future so you could keep your best customers? And what if you, Big Insurance Carrier, could work with your agents to more accurately price risks?

Unknown 5 Ways Predictive Analytics Help Insurance Agents, Carriers Work TogetherWell, you can.

All you both have to do is focus on sharing data and using up-to-date predictive analytics to target risks in order to retain customers, according to this article in PropertyCasualty360.

Sharing data can help you and your carriers operate more efficiently around “pricing and underwriting; customer-retention strategies; finding good prospects; customer segmentation; and cross-selling among various lines of business,” according to the article.

Here are five ways agents and carriers can use predictive analytics to improve business:

1. Out With the Old and in With the New. In the past, predictive analytics solutions were so costly and so slow that carriers just didn’t want to “take on the challenge of working with agents individually to target business,” according to Wade Bontrager, the author of the article.

But the days of expensive, old-school analytics tools are long gone. Now, using modern predictive analytics, carriers can analyze more data and get the answers they need more quickly. And cloud-based predictive analytics solutions make it even easier and less expensive for carriers to share that information with brokers and agents.

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02/21
2012

How the Consumerization of Data Leads to Additional Quality of Life Improvements

600x300 150x150 How the Consumerization of Data Leads to Additional Quality of Life ImprovementsIn the third post of our series about how people everywhere can use data and tools to make the world a better place, we shared with you ways in which the consumerization of data helps us to live better.

Today, we’re going to focus on different ways that organizations in the public sector are using data and tools to help make our communities safer to live in.

The Boston Globe posted an article noting how serious crime has dipped to its lowest levels in 50 years in the city of Cambridge, Mass. Police are crediting their increased reliance on statistical data to identify crime trends and to predict future misdeeds.

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01/11
2012

How the Consumerization of Data Leads to More Quality of Life Improvements

data analytics and quality of life 300x150 How the Consumerization of Data Leads to More Quality of Life ImprovementsIn the second post of our series about how people everywhere can use data and tools to make the world a better place, we told you about the potential of big data to advance important social goals in areas such as disease surveillance, student curricula, and microcredit. Today, we’re going to focus on the ways in which the consumerization of data can help us live better, more productive lives.

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10/27
2011

A Call to Free Up Public Data

open data 300x76 A Call to Free Up Public DataAlthough summer has been over for quite some time, people from all over the world went to camp in Warsaw, Poland last week. But it wasn’t just any camp—it was the Open Government Data Camp 2011.

An annual event, the camp drew, well, everyone involved in the open data community, to a converted factory building in Warsaw, Poland to toss around ideas, write code and meet the folks behind open data projects in a number of countries around the world.

Since the Guardian newspaper launched its Free Our Data campaign over five years ago, open data has made its way into “digital policy packages and transparency initiatives all over the place—from city administrations in Berlin, Paris and New York, to the corridors of institutions like the European Commission or the World Bank,” according to this article.

The aim of the Free Our Data campaign is to make taxpayers’ data available to taxpayers for free because government works best when it’s open and transparent.

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Filed under: Open data, Public data