“Predictive Analytics—Saving Lives and Lowering Medical Bills.”

Go to http://analytics-magazine.org/issues/digitaleditions and find the January/February 2012 edition titled “Special Issue: The Future of Healthcare.” Read the article “Predictive Analytics—Saving Lives and Lowering Medical Bills.” Answer the following questions:

a. What problem is being addressed by applying predictive analytics?

b. What is the FICO Medication Adherence Score?

c. How is a prediction model trained to predict the FICO Medication Adherence Score HoH? Did the prediction model classify the FICO Medication Adherence Score?

d. Zoom in on Figure 4, and explain what technique is applied to the generated results. e. List some of the actionable decisions that were based on the prediction results.

Go to teradatauniversitynetwork.com and find the paper titled “Data Warehousing Supports Corporate Strategy at First American Corporation” (by Watson, Wixom, and Goodhew). Read the paper, and answer the following questions:

a. What were the drivers for the DW/BI project in the company?

b. What strategic advantages were realized?

c. What operational and tactical advantages were achieved?

d. What were the critical success factors for the implementation?

Solution: