STATISTICA Decisioning Platform(TM) Integrates Predictive Analytics into Organizations' Business Processes and Decision-making
Tulsa, OK (PRWEB) December 22, 2011.
StatSoft announces the STATISTICA Decisioning Platform™ - a new decision support technology that provides a new, enhanced platform for StatSoft decision support solutions for Banking, Insurance, and Manufacturing. It is an extension of the STATISTICA Enterprise analytics software platform, that integrates predictive analytics, text mining, and a rules engine to deliver recommendations, results, and guidance to front-line workers and decision-makers within the respective departments and business units of an organization.
The proactive and on-demand recommendations achieve improved performance, product quality, customer satisfaction, market share, and other organizational objectives. The STATISTICA Decisioning Platform™ includes user personalization, a "workbench" for predictive analytics & text mining for quantitative analysts, management and versioning of predictive models, and a Decision Rules Builder™ for composing, testing and deploying decision rules, and high performance STATISTICA Enterprise server software for off-loading predictive model-building and scoring.
The STATISTICA Decisioning Platform™ adds capabilities such as
- Reject fewer credit applications and reduce default rates
- Increase profit with high risk products like consumer sales financing on a mobile platform at the point of sale
- Manage both subrogation and fraud propensity within a single workflow
- Estimate claim complexity and reserve requirements based on capturing a few key variables
Statistica press release