As a relatively new financial system, blockchain is particularly vulnerable to security threats. Build and deploy machine learning algorithms that can detect anomalous behavior anywhere along the chain.
Machine learning algorithms can help digital wealth advisory companies with portfolio management services.
Predicting and preventing terrorist attacks is a chief concern for intelligence and agencies, and predictive modeling based on historical data may help prevent them in the future.
Almost every government agency serving the nation's citizens suffers from fraud, costing approximately $80 billion a year. Data analysis and predictive modeling can combat this issue in minutes, not months.
Threats can come from all sides, not just externally but from inside government agencies as well. These agencies need to proactively block any potential misuse, using machine learning to identify exploitation of inside information.
Cybersecurity is emerging as one of the greatest threats of the future, and federal agencies are particularly vulnerable. Build, deploy and refresh models to predict incoming threats in real-time.
To increase product adoption, pharmaceutical firms ship millions of drug samples to doctors and hospitals. The orders can be consolidated when the same location requests two or more drug samples. DataRobot can predict which drug samples should wait for consolidation, reducing the overall cost of delivery.
Typically, unless a reinsurance company covers the risk, direct insurance companies do not underwrite life insurance for individuals who have suffered a serious disease and are in a situation of “impaired life." A reinsurance company wants to predict which customers have positive health prospects and are insurable.
Outreach to patients without analytics is like trying to tie your shoes in the dark. Unfortunately, waiting until they seek care results in higher costs, and potentially poorer outcomes, for everyone.
Forecasting ICU occupancy means being prepared for incoming patients and not staffing empty beds.
Proactively identifying hospital readmittance means increasing quality of care, decreasing costs, and improving the lives of patients.
In the Oil & Gas Industry, upstream companies continually search for potential new oil and gas fields, both underground and underwater. Drilling exploratory wells is a significant investment, and you must be able to predict which locations will produce the most profit at the lowest cost.
To be profitable in the insurance industry, you must avoid being adversely selected against. To avoid this and maintain your underwriting margins requires highly accurate predictive models.
The cost of credit card fraud is billions of dollars per year. By accurately predicting which transactions are likely fraudulent, banks can significantly reduce these illegal transactions while providing card holders an excellent customer experience.
The cost of fraudulent insurance claims is in the billions. Accurately predicting claims legitimacy significantly reduces fraudulent payouts and leaves the insured with a positive customer experience.
To maximize ROI, it's important to boost marketing response rates and minimize misdirected communication. The most up-to-date modeling algorithms return the best results, but the data science expertise required to implement them can be daunting.
Individuals or businesses often need loans. Making accurate judgments on the likelihood of default is the difference between a successful and unsuccessful loan portfolio.
The ability to predict which segments are most likely to convert from a quote to a policy allows insurance companies to optimize their pricing algorithm and their marketing spending, leading to data-driven objective business decisions.
Time is money, for your business and for your customers. Use DataRobot to model when autopaying claims is the best option. Shortening the claim cycle drives costs down and customer satisfaction up.
Out with the old, in with the new....newer machine learning algorithms are allowing insurance companies to build more robust mechanisms for predicting, once a claim occurs, how much it will ultimately cost.
