An interesting article about the use predictive analytics to detect fraud and how it is projected to be used by the majority of the market within the next 2 years. The benefits are obvious but achieving this will be heavily reliant upon being able to capture, store and access the data that in the first instance...
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At the beginning of 2016, Towers Watson reported that 26 percent of insurance companies were using predictive analytics to address fraud potential. In the next two years, that number is expected to jump to 70 percent—more than any other big data application.
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