Personalized insurance pricing, or PIP, makes insurance companies compute premiums by using diverse sources of risks and deductions to calculate expected future costs of policy premiums. For example, auto insurance companies would calculate the potential costs of future premiums across a large group of drivers. PIP’s goal is to provide a price for each policy […]
Complex research on a specific subject requires significant resources, mainly if the topic describes a socially important problem. However, you need more resources to handle the study yourself, which is a reason to apply for external funding. How to do that? You have two options: Find a set project with a set sponsorship Apply for […]
As the competition heats up in the business landscape, more and more companies are realizing they need a personalized approach toward acquiring and retaining customers. This requires data, but building the human connection is about more than just numbers. Humans are necessary to glean important insights or patterns that are crucial to a personalized approach. […]
Most businesses rely on some type of database to manage their customer information and financial transactions. This data is typically stored locally on the same computer system that performs the business functions, such as accounting or payroll processing. When businesses choose to outsource specific tasks like accounting, order fulfillment and bookkeeping services, they no longer […]
A storage unit can be an incredible asset for any living situation. You can keep just about anything safe and secure in a storage space that fits your needs. It can be a motorhome, a classic car, or even just mountains and mountains of photo albums. But what if you need a small unit for […]
There it is – the age-old dispute between gaming PCs vs. gaming consoles. However, before we tell you which one is better, let us mention that each has its own set of virtues, and each has its own fan base that fervently supports one or the other. It all comes down to personal choice at […]
The food and beverage industry has always been a data-driven sector. Companies in this industry have long relied on data to make informed decisions, from tracking production processes to understanding consumer behavior. However, with the advent of big data technologies, the food and beverage industry can now harness even more data than ever before. So […]
You’ve probably heard the phrase data mining come up in recent discussion, but may not be sure what it is. Data mining is the exploration of data in order to uncover meaningful patterns and trends. Data mining techniques enable artificial intelligence applications, by way of things like search engine algorithms and recommendation systems. Let’s take […]
Big Data Unleashed! Today, everybody understands that they won’t be able to embark on a transformational journey without taking advantage of Big Data’s benefits. This huge step forward has given businesses access to incredibly nuanced data sets, allowing market executives to create ideas that are better than ever before tailored to their consumers’ needs. But, […]
Personalization has been one of the most underrated strategies that are responsible for changing how we imagine marketing. That said, many businesses struggle to implement it with perfection. Some think personalization just means using the first name in the email salutation; others lose their case by appearing too enthusiastic. But no matter what, customers are […]