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Spreadsheets are useful when the amount of data to be analyzed is small; however, when the volume of data increases, spreadsheets can't give a convenient way of viewing trends and obtaining a high-level overview of the data. What's more, data with a spatial dimension is, in most cases, best visualized with the use of maps.
Ventiv Analytics enables organizations to add the context of location and timing to traditional data, creating maps that highlight changes over time and the exact position of those changes. Maps make it easier to recognize trends and patterns previously hidden in spreadsheets such as proximity, distance, affiliation and contiguity.
Make analytics insights more engaging. When events and trends are seen within the context of recognizable maps, they’re easier to understand—and act upon.
Ventiv's advanced analytics, reporting, predictive risk analysis, and data-discovery tools empower users at all levels to make data-driven decisions that generate optimal outcomes like reducing claim frequency and severity.
Understand what's happening with your business like never before with business intelligence and predictive analytics risk management that’s powered by augmented intelligence. With Ventiv Analytics, business users like you become data scientists in your own right.
Other systems depend on scheduled data-replication to make data available for analysis, discovery, and reporting. Not Ventiv Analytics: As soon as data is available, it is ready for analysis, discovery, and reporting.
Data discovery is easy and powerful: Ask a question like you would any search engine; see the answer represented graphically; explore further with different visualizations and drill into the record for additional details.
Have the insights to know what will happen before it occurs. Ventiv Analytics can help you understand, for example, the specific claim characteristics or factors that are influencing claim costs.
Have the foresight to make a desired outcome happen. Ventiv Analytics can help you identify the appropriate actions to take before an adverse result occurs (for example, requiring steel-toed shoes before foot injuries occur).
In partnership with the Actuarial Practice of Oliver Wyman, Ventiv offers Claims OPT (Optimization and Predictive Triaging). Claims OPT is designed for any organization, regardless of size or industry, seeking to incorporate predictive data (in the form of aggregated industry-benchmark data) into its casualty, workers’ comp, and general liability claims-management decisions. Available to Ventiv clients using Ventiv IRM, Ventiv Claims, and/or Ventiv Policy, Claims OPT provides ready access to Oliver Wyman’s actuarial expertise, risk-management and claims analytics, and predictive modeling capabilities.