/ Data Mining and Statistical Analysis /
Low-cost computing power and storage allow companies to retain larger and richer sets of data than ever before. However, the sheer scale and complexity of the data is a hindrance to producing valuable insights. Analytics specializes in unlocking large data sets – our clients’ data regularly exceeds 500 million records – through the use of specialized tools and statistical techniques.
Data mining may be applicable in any business in which large amounts of data are stored, and can provide valuable insight to support a wide range of business decisions. Analytics gleans valuable insights, discovers patterns, and detects correlations across a broad range of assignments, including:
- Retail Sales Analysis: Using data mining techniques to identify key management drivers to increase same-store sales.
- Financial Services: Generating credit scoring and likelihood-to-pay models that are used to maximize our client’s return on effort.
- Costing Analysis: Analyzing millions of lines of transactional data to calculate true cost-to-serve and develop a revised pricing strategy.
Analytics’ statistical
analysis of the characteristics of delinquent borrowers allowed a
major credit collector to prioritize work and focus on cases with
collection yields 5.5 times higher than normal.
