Data Science – Revelwood Knowledge Center
Data Science – Revelwood Knowledge Center

Corporate investment in artificial intelligence (AI) is predicted to triple in 2017, becoming a $100 billion market by 2025. Last year alone saw $5 billion in machine learning venture investment. In a recent survey, 30% of respondents predicted that AI will be the biggest disruptor to their industry in the next five years. How is AI impacting your industry? What opportunities do you see for the application of AI in your company? Unless you’ve been living in a cave for the last five years, … Read More

We recently shared an example of how a client in the insurance industry is using predictive analytics and customer analytics to prioritize lead lists for an average 45% success rate. Another client of ours is a B2B wholesaler who sells to retailers throughout the U.S. They wanted to apply predictive analytics to their digital platform customers use to re-order products. This platform is also used to market products to its customers. We decided to use IBM Predictive Customer Intelligence to … Read More

While we’re primarily known for our expertise in financial performance management and IBM Cognos TM1 and now IBM Planning Analytics, we’ve been growing an elite practice for predictive and advanced analytics for a few years now. In fact, at the IBM World of Watson conference in late October 2016, IBM announced that Revelwood was selected as the Customer Analytics Business Partner of the Year. This was for our work in designing and developing customer analytics solutions. Two of these solutions … Read More

Ventana Research, a technology research and advisory firm, found that 7 out of 10 companies are already using predictive analytics and the remaining 28% of companies surveyed plan to adopt it. The benchmark report, “Next-Generation Predictive Analytics: Using Forward-Looking Insights to Gain Competitive Advantage,” also found that predictive analytics are most often used for forecasting, marketing analysis, customer service and product recommendations or offers. Thus, Ventana concludes, “predictive analytics is being used in areas critical to revenue and profitability.” The … Read More

Nucleus Research, the only provider of case-based technology research, studied the ROI of IBM Analytics technologies and found that for every dollar spent, companies realized an average of $15.82 in returns. The research firm used its standard ROI case methodology to arrive at this conclusion. The firm also found several key elements led to the financial success of these projects. They included: Rapid implementation times A focus on productivity IBM solutions enablement of new lines of business Integration Download the … Read More

According to Moorad Choudhry, author of The Principles of Banking, “Banks are going to win business by engaging their customers.” But to engage customers, banks first must know which customers to engage, where and how to engage them, and what offers to engage them with. And the banks that are doing that today are using predictive analytics to do so. Predictive analytics is not just for the big banks. In fact, it has the potential to level the playing field … Read More


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