Decision Support News
D. J. Power, Editor
March 2, 2014 Vol. 15, No. 5
1) How can analytics and decision support reduce insurance fraud?
2) Recent DSS News Headlines
3) Upcoming Decision Support Conferences/Call for Papers
How can analytics and decision support reduce insurance fraud?
by Daniel Power
Preventing and detecting insurance fraud is a critical
task at insurance companies. There is some evidence that
insurance fraud is actually increasing (cf., Ramos et al, 2012),
but information technologies to detect fraud are also
improving. Data quality and data availability are also improving.
Overall, the increasing availability of new data sources and
more rapid access to historical data has created new possibilities
for predicting and detecting insurance fraud. What is called
"big data" by technology marketers has created renewed excitement
about analytics and decision support. The promises are significant.
For example, Accenture Managing Director Eva Dewor asserts that
"advanced analytics can help insurers reduce loss costs and improve
their performance." The key question for managers and information
technologists is how to make the promises a reality and improve
detection, deter misstatements and yet increase the speed of
processing legitimate claims all while improving customer
Continue reading at
Click for more Frequently Asked Questions
2) Recent DSS News Headlines
02/28/2014 Continuous Credit Risk monitoring, a new paradigm in
the age of big data. Check release.
02/28/2014 Washington Redskins benefiting from SAP® Scouting to
manage team roster and performance. Check release.
3) Upcoming Decision Support Conferences/Call for Papers/Books
1. June 2-5, 2014 DSS 2.0 – Supporting decision making with new technologies, Paris, Click here.
2. June 24-28, 2014, PACIS 2014 - Business Intelligence and Big Data
Analytics Track, Chengdu, China, Click here.
2. August 7-10, 2014, AMCIS 2014 - Savannah, GeorgiaClick here.
Order Dan Power's new book: Decision Support, Analytics, and Business Intelligence, Second Edition
Become a Business Expert Press author
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