All posts in “Business Impact”

PA Supply Chain Inventory Management

Predictive Analytics: Reducing the Cost of Supply Chain and Inventory Management

With supply chains becoming larger and more complex, it is becoming more difficult to improve service through a reduced order-cycle time while enhancing inventory availability and reducing operating costs at the same time. Big data is revolutionizing the optimization of supply chain and inventory management by improving visibility. It is telling a compelling story that is making leaders listen. Companies that have adopted predictive analysis see up to a 50% reduction in non-performing inventory and a 25% reduction in inventory holding costs, thus freeing up working capital.

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PA and Credit Card Fraud Blog

How Financial Institutions Use Predictive Analytics to Detect Credit Card Fraud

Despite the introduction of more secure chip technology, credit card fraud is still one of the biggest concerns of banks and credit card companies. After all, fraudsters continually change their tactics to get around any security measures that are put in place. A recent Nilson report projects that global total loss due to credit card scams and fraud will be a whopping $32.96 billion by 2021. Many financial companies are now looking at predictive analysis to see if they can depress these numbers.

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Predictive Analytics Car Insurance

3 Benefits of Predictive Analytics for Car Insurance Companies

James and his friends at college love traveling. They travel at least once a year, and they love fast cars. Predictive analysis can tell us they would be interested in car insurance of about $700 a year and that they respond better to instant messaging. If you have never heard of James before, this process can seem like magic.  However, predictive analysis is what is helping to make this magic happen and is providing a competitive edge to insurance companies. It is fast-tracking processes right through the value chain of marketing, underwriting, pricing, claims and everything else in between.

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Predictive Analytics Hospitality Industry

3 Ways Predictive Analytics Is Transforming the Hospitality Industry

When you think about the travel and hospitality industry, what often comes to mind are personalized experiences and breathtaking locations. It takes a lot of planning and research to make these experiences happen. Wouldn’t it be easier to have intelligently interpreted data help? Because the hotel and hospitality industry interacts with millions of customers each day and keeps track of these transactions, this data is readily available. Using this information to meet guest expectations makes the difference between a returning customer and a lost opportunity. Read More

Predictive Analytics Flu Season

Can Predictive Analytics Minify Flu Season?

Often, the first alert a school gets that flu season has arrived is in the nurse’s office. A steady stream of students shows up with the common refrain “I feel ache-y” and out comes the thermometer. By this time, the virus has already had its chance to spread to every child-height surface in the classrooms, school buses and cafeteria. Wouldn’t it be more effective to stop the spread of the germs before they ever got to school? Read More

Can you run your business from your phone?

Can You Run a Business From Your Phone? Your Competitors Are Doing It

If you’ve received an email sent from my iPhone, you may have noticed my mobile signature, which includes the phrase “Sent from my pocket Super Computer.” If you’ve ever been in my office, you may have noticed there’s not a single piece of paper around, except for a few 3×5” note cards (which are only to be used in case of emergencies). I am constantly on the move! To me, the idea of being tied to a laptop – or writing paper notes – is about as outdated as Blockbuster. In my position, my data, my work and my thoughts have to be instantly, and always, available. Read More

3 Ways a Mobile App Can Empower Your Company’s Sales Team

The right mobile app can go a long way toward empowering your company’s sales team, providing a user-friendly platform that allows team members to work as a cohesive group, while allowing for easy sales processing and information sharing. A well-developed application can also equip salespeople with key data and sales materials. So, how can you achieve these goals with a new mobile app?

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A hybrid mobile app is a smart choice for many businesses.

3 Ways a Hybrid App Can Improve Your Business’ Mobile Strategy

Hybrid apps tend to get less attention than their native counterparts, but this app family has come a long way since its inception. Many companies have overlooked hybrid apps in the past, not realizing that today’s hybrid application can provide the same or greater level of functionality as your average native or web-based app. So, how can a new hybrid app enhance and elevate your business’ mobile strategy?

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