Tag: pricing analysis

Trainline uses predictive analytics to help rail passengers save money | Computer Weekly

Trainline uses predictive analytics to help rail passengers save money | Computer Weekly

Trainline has revealed details of how it is using predictive analytics to help rail passengers save money when buying tickets on its app through the roll-out of its Price Prediction tool. This service uses big data to judge how the price of an advance ticket will increase in the days leading up to the passenger’s […]

How Healthi is using predictive analytics to promote preventive healthcare | YourStory

How Healthi is using predictive analytics to promote preventive healthcare | YourStory

The challenges “When we started we thought our biggest challenge would be taking the healthcare report and making sense of it. But what we found was that most partners we worked with had customised systems and no standard mechanisms. So the challenge was how do we talk to multiple players and get the systems to […]

What Does It Take To See Gentrification Before It Happens? | NPR

What Does It Take To See Gentrification Before It Happens? | NPR

Big data is a shorthand term for the insane amounts of information being generated by human beings in our digital world. From cellphones to credit card transactions to social media, we are all leaving digital contrails of almost all of our activity in the world. Learning how to harvest and analyze these digital traces en […]

Farmers Insurance asks court to block state review of auto rates and a possible refund order | LA Times

Farmers Insurance asks court to block state review of auto rates and a possible refund order | LA Times

The roots of the Farmers case are quite different, but ultimately involve the issue of whether the commissioner can order a retroactive rate cut or otherwise tinker with already approved rates. The case started with a 2015 lawsuit brought by Farmers customers who alleged that the company had been illegally charging some customers more than […]

Predictive Analytics in Insurance | Actuarial Post

Predictive Analytics in Insurance | Actuarial Post

2 – Take a strategic approach to deployment Implementation of predictive models is arguably one of the biggest hurdles within the whole process. During this phase, the models are integrated with existing systems. The best thing to do is take a strategic approach by starting deployment with a system that will make the output easy […]

How Artificial Intelligence benefits companies and ups their game | Livemint

How Artificial Intelligence benefits companies and ups their game | Livemint

Predictive analytics, diagnostics and recommendations: Predictive analytics has been in the mainstream for a while, but deep learning changes and improves the whole game. Predictive analytics can be described as the ‘everywhere electricity’—it is not so much a product as it is a new capability that can be added to all the processes in a […]

T-Pro demystifies promotional sales data with predictive analytics | Dairy Reporter

T-Pro demystifies promotional sales data with predictive analytics | Dairy Reporter

Tapping into consumer behavior Consumers are basing their purchase decisions less on brand preference and more on other factors, according to Ziegler. “When you go into a grocery store or a CVS or Walmart, you buy things for a reason and some of those reasons are driven by price and the reduction of price,” Ziegler […]

How predictive analytics is changing the game for real estate agents | RealtyBizNews

How predictive analytics is changing the game for real estate agents | RealtyBizNews

Martin Morzynski, chief marketing officer with HouseCanary, a real estate data analytics firm, told RISMedia that predictive analytics can “help agents get better at their jobs because consumer’s expectations and questions and getting more precise.” “It brings a level of accuracy and granularity into the process that changes the game,” he added. There are other […]

Alarmist Algorithms: Why Pricing Bots Won’t Be the End of Society | Kelley Drye & Warren LLP | JDSupra

Alarmist Algorithms: Why Pricing Bots Won’t Be the End of Society | Kelley Drye & Warren LLP | JDSupra

Federal Trade Commission Acting Chairman Ohlhausen and Commissioner McSweeny recently gave two very different speeches on algorithmic pricing. Commissioner McSweeny’s speech seemed to express concern that algorithms would lead to price fixing, coordination and higher prices.  The Chairman seemed less concerned.  The Chairman is likely correct.  Pricing bots are not a new, sinister specter haunting […]

Predictive Analytics: It’s Where Dealership Data Is Headed | Dealer Marketing

Predictive Analytics: It’s Where Dealership Data Is Headed | Dealer Marketing

Right price, right buyer Toward the beginning of the decade, dealer analytics came in the form of vehicle pricing tools, which allowed dealers to see vehicle pricing information within their markets and price the vehicles on their lots relative to their competition. Pricing analytics are fairly prevalent today, so we must focus on the next […]