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The day-to-day work of an Underwriter ranges from research, to data entry, to pricing a risk, to ultimately negotiating that premium value with an agent. At the core, they need to accurately gauge risk, on a case by case basis. But their job doesn’t stop there. Even if we were to codify all the significant risk factors (as actuarial tables do), this doesn’t translate directly to how much the insurance firm ultimately charges for a given premium. Underwriters need to create an offer that they can justify to their customers, and keep an eye on the prevailing market dynamics.

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For players in the biopharmaceutical space, it is becoming increasingly clear that advanced analytics can be of enormous assistance in solving many of the unique challenges the industry faces. To understand the extent of the impact that advanced analytics can make, it’s first necessary to examine how healthcare in the US has undergone a major transformation over the past decade.

First, there’s the presence of managed care. It puts pressure on pharmaceutical companies to provide stronger evidence of efficacy and safety, reduce costs of drug development and healthcare in general, and provide personalized care by targeting patient groups that are most likely to benefit from treatments and least likely to suffer adverse events. Read more

According to Dave Chaffey’s 2016 global social media research summary, over 2.3 billion people actively use websites like Facebook, Snapchat, Twitter, and LinkedIn to view content or engage with other users . This massive audience represents a huge opportunity for organizations to understand what trends they can connect with, who their ideal customers are, and what the sentiment is around their brand in the marketplace. These insights all become possible through social media analytics. Read more

Ironside experts Dan Gouveia and Chi Shu recently got the chance to share knowledge with our local analytics community at the Scalable R Analytics Meetup in Cambridge, MA. Presenting to a packed room, Chi and Dan dove into several ways that R’s powerful data science capabilities could be scaled to apply to much larger, enterprise-level data sets. They demonstrated how to achieve this scalability both with dashDB, a cloud data warehouse, and Spark, a big data-oriented parallel processing framework. Read more

Many of you have heard buzzwords such as “data science,” “big data,” or the “Internet of Things” before. You’re able to piece together that these fields relate to each other and deal with analyzing data in some way, but maybe you’re not so sure what these terms really mean. That’s what I’m here to help with.  As a newer member of the data science field, I developed this short data science guide based on my experiences and perspectives in an effort to help those who are just starting out. Read more

Ironside CEO Tim Kreytak was featured as part of Japanese news outlet BCN’s June 13, 2016 article recapping the IBM Watson Summit that took place in Tokyo on May 24-26. Tim (shown bottom right in the following photo) was a guest speaker at the conference, where he talked about Ironside’s successes as an IBM partner, specifically discussing our predictive policing work with the Manchester, NH Police Department.

 

Tim Kreytak in BCN News

“Tim Kreytak, CEO of Ironside, introduced their success with Manchester Police Department in reducing the number of crimes by 26% in one year,” the article stated (translated from Japanese). It then went on to talk about Ironside’s partnership with IBM and the measures by which we judge our clients’ success, as well as some additional case examples around Watson Analytics.

 

IBM Watson Summit in Tokyo

 

IBM Watson Summit in Tokyo

Solution Shared at IBM Watson Summit in Tokyo

Ironside’s IronShield predictive policing platform gives police departments the tools and knowledge they need to anticipate criminal behavior and proactively prevent crime, which is one of the largest factors in crime reduction. It utilizes powerful predictive models tailored for each community’s unique geography, weather, and history right from the start through its core module for hot spot policing, producing intuitive visual map displays of where crime is most likely to occur.

If you’d like to check out the solution featured at the conference, take a look at our IronShield page.  Or you can read about it in local news coverage at WMUR9.

You can see the article about the IBM Watson Summit in Tokyo on BCN Bizline.

 

The immense amount of data being collected today, in any industry, expands the reality of advanced analytics and data science. In concept, it creates an explosion of opportunities and expands what can be accomplished. In reality, we are often limited in scope by our data processing systems which may not be able to handle the complexity and quantity of data available to us. The introduction of Spark has offered a solution to this issue with a cluster computing platform that outperforms Hadoop. Its Resilient Distributed Dataset (RDD) allows for parallel processing on a distributed collection of objects enhancing the speed of data processing. For this reason, Spark has received a lot of interest and promotion in the world of big data and advanced analytics, and for good reason. Read more

Policing in the United States and around the world is rapidly changing.  Just as there have been paradigm shifts in law enforcement procedures in the past, we are now on the brink of another transformation of how communities are policed.  Current national narratives and recent events are motivating these changes, and like it or not, a new era of law enforcement is upon us.  One of the main solutions that helps law enforcement adapt to this change is adopting a sound data driven policing strategy. Read more

For the second year in a row, Ironside has been named one of IBM’s Beacon Award finalists, this time in the category of Outstanding IBM Analytics Line-of-Business Solution. This recognition comes in honor of the compelling results that our IronShield predictive policing platform has generated.

About IronShield

IronShield Ironside predictive policing logo

IronShield provides turnkey predictive hot spots policing and analytics for law enforcement. It enables data-driven, evidence-based policing that stops crime before it happens and is customizable to the environment in which it’s implemented, going beyond its initial hot spots module to target each community’s needs. Our CEO Tim Kreytak recently highlighted the impact IronShield has had in Manchester, NH helping the city’s police department combat the heroin crisis. Read more

Officer Matt Barter

Ironside is excited to welcome Matt Barter into our ranks as our Industry Lead for Crime Prediction & Prevention. As a currently active police officer in an urban New England city, Matt is perfectly positioned to understand the unique challenges law enforcement officials at any level face and uncover the solutions that will let them proactively reduce crime in their communities. Read more

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