BizXcel Announces Purchase of Training Division
BizXcel is pleased to announce the sale of our Training Division, Build a Kick Ass Company, to Hannah Gzik, which will now be operated as an independent entity. We would like to reassure our valued customers and partners that this is a strategic move with no impact to our Analytics and Software Development Division and we are committed to continuing to strengthen and provide our top-tier services and solutions. We are excited about this new opportunity and adventure for Hannah and cannot wait to see her success.
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Getting data from locked-in places with automation
we have encountered numerous instances where organizations faced challenges accessing data from locked-in sources. These sources have taken many forms and had different reasons for the data being locked in.
BizXcel and Kick Bot Solutions make these data sources more accessible than ever. Using our BOT technology, we can scrape, utilize OCR, and extract data from just about anywhere!
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Grouping Data Naturally with K-mean Clustering
K-mean clustering is an algorithm that can be used to find natural groups based on the frequency of information in the data. In insurance, we can use a metric, like Total Insured Value (TIV), as the bases for the mean.
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Do you measure outcome, activity, or both?
There are many different ways to look at the data in your organization. We can look at several examples to break these down for different industries.
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Leveraging Analytics for Insurance Profitability and Retention
In challenging economic times, we need to stay profitable and focus on retaining good customers. Proactively dealing with challenging economic times helps ensure companies will be in a better position to take advantage of the coming good times.
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Analytics as a Compass - Helping to navigate the challenging economic environment.
In today's uncertain economic environment, Insurance Carriers are faced with the escalating importance of mitigating risk, optimizing operations, and defending profitability. The utilization of business intelligence and analytics capabilities provides unique strategic opportunities that help inform better decision-making and serve as a compass to navigate the changing tides of the prevailing economic environment.
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Do you know how long it takes to close your claims?
After years of working in analytics and reporting for insurance organizations, we have come to understand that the time to close claims is an important metric. Based on data from JD Power, we know that the time to open and close a claim directly impacts customer satisfaction. Do you know how long it is taking to close your different types of claims?
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Analytics Accelerates Critical Decisions for Insurance
Mutual Assurance realized that they needed to bring multiple data sources together into a single platform to allow for better analysis and decision-making. With the help of BizXcel Analytics they now have a single point of access to all of their data in Qlik and Mutual Assurance is able to maximize the value of the rich data they have.
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Achieving Competitive Advantage in the Insurance Industry with Technology
ACORD recently published survey results on the Insurance Industry technology priorities. A resounding theme was that technology will become even more important to the success of an insurance organization by 2040.
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