Predictive Analytics is arguably the most business-relevant arm of the rapidly growing Data Mining field. It’s the process of finding hidden patterns in existing data and transforming them into computer models that accurately predict a desired future outcome. Predictive Analytics goes way beyond “reporting the past” and provides relevant insight into what is to come, and how best to expend resources to achieve optimal results.

The key to achieving the most from your Predictive Analytics initiatives lies in employing the correct planning, design, and analysis techniques. There are a myriad of techniques potentially useful in a given situation such as GLMs, clustering, decision trees, market basket analysis, regression modeling, neural nets, genetic algorithms, text mining, hypothesis testing, decision analytics, and more.

Elite has extensive experience in this field in a variety of industries and can help you achieve success in areas such as:

• Identifying segments with strong (or weak) potential to achieve a desirable (or non-desirable) outcome
• identifying mispriced segments
• likelihood of customer renewal / defection analysis
• estimation of claim settlement exposure
• fraud detection
• loss reserving development
• price elasticity and price optimization
• Optimize campaign spending
• Improve direct marketing response
• Up-selling and cross-selling potential
• Predicting profit/loss or the likelihood of defaulting
• Which business strategies are most likely to be successful, and with which customer segments?

• Elite offers a broad array of forecasting services for improving the operational performance of your company. Whether you need an outsourcing partner to develop and run your forecasts, or just need help in improving your existing forecasting process, Elite can help. Our consultants have in a variety of industries implementing solutions ranging from high-level business forecasts all the way down to item-level demand forecasting.

Elite has experience in several key forecasting applications such as:

• • Sales forecasting
• • Accounts Receivable and bad debt forecasting
• • Demand forecasting
• • Maintenance forecasting for manufacturing applications

Elite has considerable helping firms extract the most knowledge from their existing data resources. Data Mining encompasses a broad array of tools and techniques, with the goal of harnessing relevant and actionable insights from your data. Elite has successfully helped many customers wade through the web of large complex data structures, highlighting previously unknown data patterns relevant to key business objectives. When your data structures are complex and relatively untapped, our Consultants can help you extract the knowledge you need to make significant improvements to your company’s bottom line performance.