Tag: Big Data

Leveraging Data To Retain Customers in Insurance Sector

Leveraging Data To Retain Customers in Insurance Sector

Last week, we had published a post on the overview of the challenges faced in Insurance Sector. In this post, we will be going deep into the model that we have developed for Insurance providers to address the pressing problem of Customer Churn. Background Customers are the lifeline of a business. Customer Acquisition and Customer …

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Analytics – the Game Changer in the Evolving Life Insurance Sector of India

Analytics – the Game Changer in the Evolving Life Insurance Sector of India

In our previous article, Transforming Indian Insurance Sector with Data Analytics Edge, we explored how the Indian insurance sector can transform its customer acquisition, customer retention and share of customer’s wallet by adopting advanced, actionable analytics. In this article, we will zero-in on one of the most competitive segments of the insurance sector – the …

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Is the Future of Indian Banking Dependent on Actionable Analytics?

Is the Future of Indian Banking Dependent on Actionable Analytics?

Introduction Growth Challenges to Indian Banking Sector With the current 26 public sector banks, 25 private sector banks, 43 foreign banks, 56 regional rural banks, 1,589 urban cooperative banks and 93,550 rural cooperative banks,1, India is poised to become world’s third largest domestic banking sector in the world by 20502. However, in the face of …

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Locality-Sensitive Hashing on Spark with Clojure/Flambo

Locality-Sensitive Hashing on Spark with Clojure/Flambo

Record Linkage is a process of finding similar entities in a Dataset. Using this technique one can implement systems like: Plagiarism Detectors – which are able identify fraudulent scientific papers or articles, Document Similarity – finding similar articles on the internet, Fingerprint Matching, etc. The possibilities are endless. But the topic which we are focusing …

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Gen-next of resumes : From standard text to visual infographics

Gen-next of resumes : From standard text to visual infographics

Earlier this week, veteran HR executive, Lee E. Miller in his column for NJ.com, noted how visual resumes will dominate the next big wave in the recruitment industry. With recruiters starting to see more visual resumes, candidates are considering to traverse that path and catch the attention of recruiters by turning to infographics over textual …

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Data Analysis should be your Compass

Data Analysis should be your Compass

Imagine that you are going from a well-known location- Point A, to an unknown location- Point B. Along your journey, you are referring to a GPS based navigation system and deciding how to proceed in a particular direction. In this scenario, there are can be two possibilities: You might know how to reach Point C optimally …

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Big Data Tech Conclave 2013 – Part-1

Big Data Tech Conclave 2013 – Part-1

Leaders from around the world gathered at the “Big Data Tech Conclave 2013 Winter Edition” marking the success of the event held on the 6th and 7th December 2013 at Bangalore. FORMCEPT was associated with the global conclave as an endorsing partner. The 2-day event hosted back-to-back inspiring session around the deluge called Big Data. It …

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FORMCEPT’s approach to Telematics

FORMCEPT’s approach to Telematics

“Connected cars have the potential to dramatically reduce the 1.2 million traffic deaths that occur worldwide each year”                                                    – The National Highway Traffic Safety Administration, June 2013 Since the first …

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