Fully embedded and integrated into RiskConsole Advance, Ventiv’s analytics, reporting, and data-discovery platform is the market’s newest, most technologically current offering. Ventiv is the only RMIS provider offering cutting-edge IBM Watson Analytics as an embedded, integrated component of our solution. When you add it up, RiskConsole Advance’s comprehensive analytics, reporting, and data-discovery empowers you to make data-driven decisions that generate optimal outcomes like reducing claim frequency and severity.
With IBM Watson Analytics integrated in RiskConsole Advance, business users like you become data scientists in your own right. Perform the advanced techniques once available only to data scientists, including:
With automated predictive analytics, you have the insights to know what will happen before it occurs. IBM Watson can help you understand, for example, the specific claim characteristics or factors that are influencing claim costs.
With prescriptive analytics, you have the foresight to make a desired outcome happen. IBM Watson can help you identify the appropriate actions to take before an adverse result occurs (for example, requiring steel-toed shoes before foot injuries occur).
The analytics, reporting, and data-discovery tools in RiskConsole Advance empower users at all levels to make data-driven decisions that generate optimal outcomes like reducing claim frequency and severity.
RiskConsole Advance’s global search capabilities empower you to search every nook and cranny of your data: search every field and attachment with powerful indexing tools.
Embedded and integrated
With RiskConsole Advance, RMIS capabilities and analytics and reporting tools are integrated in a single solution. Users never leave the RMIS to access analytics and reporting.
Our systems are integrated, so data entered into RCA is immediately available for analysis, discovery, and reporting. Competing solutions must go through a data-replication process.
As an integrated solution, single sign-on user authentication is robust and secure. Plus, our analytics platform adheres to RCA’s industry-leading security standards and processes.
Users move from RCA’s “traditional,” workflow-oriented capabilities into analytics and reporting and back again without ever knowing they’re using an embedded analytics tool.
Open data architecture
Easily create unlimited tables and fields by extending data relationships beyond standard claims, policy, and location domains. Other systems have fixed domain models that are difficult to extend.
The RCA platform is a powerful tool for standard, enterprise, and ad hoc reporting. Other RMIS providers utilize analytics-focused tools that just don’t handle reporting as well.
Self-service data discovery is intuitive, powerful and functional. Users query the data as easily as using a search engine, then view the results in virtually limitless graphical formats.
Unlike other solutions, in RCA, data is transformed once and made available for analytics, data discovery, and reporting. Disparate systems require multiple transformations.