Risk Management Solutions
Take the sting out
Timely detection and assessment of risks associated with your business operations is the starting point for mitigating the identified threats. Yet, detecting risk is not easy because at the outset you might be shooting in the dark as you are unaware of the very shape, color, or taste of the thing you are trying to discover. One viable strategy for identifying risks is to figure out normal behavior patterns and then reveal deviations from the norm through the analysis of your historical data. However, such analysis requires the use of advanced machine learning and text analysis tools combined with thorough understanding of the data.
Prevent abuse
Detect and investigate anomalous behavior. Recognize the warning signs that indicate fraudulent activity and flag the most probable cases that may require additional investigation.
Monitor compliance
Internal policies, federal regulations, state legislature, and the list goes on of standards that must be upheld to avoid fines and penalties. A difficult challenge as the text literally changes the standard on a frequent basis. That’s why NLP solutions can help.
Detect legal threats
Insurers can monitor their claim notes to timely identify potential litigation and subrogation threats.
Reveal emerging issues & predict recalls
Manufacturers can perform the analysis of their warranty claims data to detect emerging issues and predict possible product recalls.
Track loan/investment portfolios
Financial institutions can utilize automated monitoring of news media to detect possible negative signals related to their investees or loan holders.
Improve security
Enhance your IT security by scanning the log files to detect unusual activities and isolate unauthorized access to your networks.
Detect and classify adverse events
Pharma companies can detect and properly classify drug-related adverse events in report data they receive through multiple channels.
Benefits
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