Equbits Foresight provides the accuracy of non-linear modeling techniques with the intuitive interpretability of linear modeling algorithms. With Equbits Foresight, modelers can quickly identify the reasons for the various business outcomes, trends and behaviors by providing the following:
- Ability to mine hundreds of thousands of data
- Ability to accurately predict business outcomes
- Ability to accurately interpret and describe key indicators affecting the business outcomes
- Ability to accurately discover hidden business trends and behaviors and explain what is causing them
- Ability to integrate and automate these processes easily within your enterprise with the rest of your business workflows
- Risk management
Foresight can be used to generate risk assessment models. Foresight can be used to predict the risk based on model data but can also predict the relative risk when compared to a population. Unlike linear methods like decision trees, Foresight does not assume that features are independent of each other, leading to a more accurate, robust model.
- Fraud detection
Foresight allows users to build linear and non linear models that classify claims as potential fraud situations. With Foresight, users can generate
- A list of potentially fradulent cases
- The estimated probability of fraud for each case
- The top factors/features that indicate the reason for suspected fraud
- Portfolio Analysis
Foresight provides users with insight into their customer segments by identifying key drivers for profitability, retention, and usage. With Foresight, users can utilize the power of non-linear models to translate model information into rules that drive business decisions.
In this case study, we introduce Support Vector Machine (SVM), a relatively new but very powerful
learning algorithm for classification and regression. we present empirical evidence of this approach
as compared to other machine learning methodologies when applied to real-life insurance policy
data sets. We also demonstrate how SVM based interpretability help to explain the key indicators
affecting the prediction as well as discover hidden business trends and rules that intuitively explain
the behavior.
To download the case study, please click here.
To download the Equbits Foresight Product Sheet, please click here.
To request an evaluation, please click here.
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We serve customers and partners across
Drug Discovery
Financial Services
Insurance Markets
by providing product and industry expertise to help solve your problems.
Fortune 500 companies use our software for solving their predictive modeling challenges.
To learn more about how we can help you solve your unique challenges, contact us.
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Drug Discovery
Insurance
