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Augmented analytics reveals the hidden side of things
This article is part of the Business Information issue of October 2018, Vol. 6, No. 5
A reasonable person could assume that healthcare costs are higher for the chronically ill than for the typical adolescent, and the best way to lower costs is to first examine all aspects of care for those suffering from illnesses. But this type of assumption -- the kind that ignores hidden factors -- can lead companies down the wrong path. One U.S. health insurance company encountered this situation while examining the of cost care using Salesforce's AI-infused analytics tool, Einstein Discovery. The insurer's CFO had always tracked cost metrics based on the sickness of patients -- the sicker the person, the costlier the care in terms of staff, equipment and other factors. The company decided to use augmented analytics to see if they were overlooking anything. Big data was ingested and fed to algorithms and models running in parallel to explore all the possible combinations and permutations of factors driving costs, explained Gartner analyst Rita Sallam, who led a recent webinar on the ways augmented analytics is transforming BI...
Features in this issue
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Augmented analytics, automated tools facilitate data analysis
From Tableau to Google, vendors increasingly incorporate augmented and automated analytics tools into their software to speed analytics work and open it up to more users.
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Automated predictive analytics tools spawn wannabe scientists
They don't own the same depth of data science skills, but automated predictive analytics tools hatch a new breed of 'data scientists' who can produce actionable predictive models.
News in this issue
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Augmented analytics reveals the hidden side of things
The rise of augmented analytics empowers businesses to find correlations in data that might very well be the critical difference in operational efficiency and cost savings.
Columns in this issue
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UCSD graduates to advanced analytics with SAP HANA platform
The University of California, San Diego implemented an SAP HANA platform that uses advanced analytics and machine learning to run operations and help students graduate on time.
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What-if business planning simulation at its predictive best
Simulating timely and accurate business scenarios can be an essential competitive weapon for predicting the performance, pitfalls and benefits of strategic initiatives.