Better Decision Making Using Predictive Analytics

Collecting the best data available, performing data analysis, and building the right predictive models results in better understanding of your customer’s behavior, reaction to marketing programs, reasons for leaving, etc.

In addition, models can result in increased fund raising success, reduction in bad loans or late payments, increase funds recovered from fraudulent transactions, and many more such benefits.

Predictive analytics enables you to use information from past events to project future actions and outcomes. These predictions are based on patterns and interrelations between data elements that can not be seen using spread sheets or visualizing graphs. Decision making is improved when the facts are known and future outcomes can be predicted with relative accuracy.

What Does it Take to be a Predictive Enterprise?

It takes powerful data mining tools, business analytics, and models utilizing complex algorithms to discern these probable results. Determining which of these models and tools are most effective for a given application has become more challenging each day with the increasing abundance of data, its complexity and the growing interrelationship of departmental functions.

The predictive process can be also time-consuming, labor-intensive, highly technical, and expensive in terms of purchased software and dedicated staff. What if you don’t have the time or money to develop this expertise and build a predictive environment inside your organization? CRS has the answer.

CRS Offers an Opportunity to be Predictive without the Hassle

Utilizing our Predictive Analytics Platforms, Customer Portal, and project methodology, we have provided our customers greater insights and predictive models for their use. These insights and models have enabled them to make better decisions and successfully meet their business goals at the lowest possible cost.

CRS can eliminate all those concerns by taking over all of the labor and technical aspects of the job, leaving you to focus resources on what you do best: running your business. We can assist with planning, designing, developing, testing and implementing predictive models with our expert consultant service.

In our hosted solution, we provide the data mining, analytics, and predictive modeling platform for your own use in a software-as-a-service environment. We are still available for any guidance and to answer your questions, but you run the show. See our Service Offerings section for more details on our hosted and expert solutions.

Production Support and Handling Changes

The project does not end with a one-time implementation. Within the hosted platform offering, models can be refreshed and rebuilt automatically over time on a schedule, or as new data becomes available. This functionality is built into the modeling platform as delivered to our customer. In addition, models can be rescored against new data, and the scoring process can also be automated and scheduled. Scored results are available in multiple formats for use in your marketing or other business applications.

Realizing the Full Benefit from Predictive Analytics

Unlike modeling shops, we also have the business process re-design, marketing, and operational expertise to implement all the possible improvement opportunities identify during the analysis project.

Section Content

The pages contained in this section include:

Methodology

• Details our methodology, approach and our unique capabilities
• Describes the phases in a typical project
• Diagrams the workflow and phase sequences

CRS Data Mining/Predictive Analytics Platforms

• Describes the composition of the platform’s infrastructure
• Details platform capabilities
• Lists the statistical and mathematical algorithms included in the platforms

CRS Customer Portal

• Details the components included in the portal
• Describes its use as a communication hub between your team and CRS
• Details your team’s workspace and group discussion capabilities

Data Insight, Dashboard, and Data Manager Services

• Describes the graphical displays available for gaining insight to your data
• Details the dashboard capabilities for real time display of data analysis results
• Highlights the data upload and download and data management capabilities

Research

• Describes the research functions provided
• Lists a number of research examples