Applications
The ability to investigate each targeted group at a microscopic level is an invaluable business tool: multiple applications for multiple industries and services.
For example, analytics that identify potential candidates for mortgage loan modifications prior to a missed payment can improve the net present value of modification strategies. In turn, identifying borrowers who will most probably meet their new obligations under various other alternatives to foreclosure can reduce losses to the investors, servicers, lenders and government support programs.For example, analytics that identify potential candidates for mortgage loan modifications prior to a missed payment can improve the net present value of modification strategies. In turn, identifying borrowers who will most probably meet their new obligations under various other alternatives to foreclosure can reduce losses to the investors, servicers, lenders and government support programs.
Models that discern and pinpoint the characteristics and likelihood of a fraudulent situation – in split second and accurate timing – are paramount to the control of fraud and loss in financial instruments and institutions worldwide.
Target marketing through data analysis can be time-consuming and complex. Targeting with a pattern model makes business sense – leveraging today’s pool of vast databases. Highly targeted groups provide significantly higher returns, and the transparent descriptions of such groups provide the marketers with key tactical information that optimizes any targeting process.
Understanding risk and profit are critical to determining the lifetime value of a customer for both underwriting and customer service applications. Using advanced data-mining and modeling techniques, AnswerMine distinguishes segments with high profit margins and low risk based on custom definitions pertinent to the particular business issues.
Pattern recognition thrives on complexity. AnswerMine achieves a clear lift and segmentation for more influential and desirable outcomes – no matter what the business application
