Let’s see why the use of Machine Learning in the insurance policy subscription process is a differentiating factor, and how it works. Policy subscription process: insurance underwriter Contracting a policy is a voluntary decision by a person to cover a certain risk. But the insurance company has the last word. If the…
In this second post, we cotinue to explain the meaning of other analytic disciplines such as prescriptive analytics or cognitive computing.
Prescriptive analytics has a big potential to be a disruptive power in business. Along with predictive data, prescriptive analytics can contribute valuable knowledge about what can happen in the future and automate decision-making to achieve business goals.
In recent years, the use of certain terms to refer to new technology trends has become normal. We can find plenty of news on artificial intelligence (AI), machine learning, Big Data and advanced analytics, for example. But what does each of these terms mean? And, what do they mean in a business sense?