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What is Salford Predictive Modeler (SPM)?

The Salford Predictive Modeler® (SPM) software suite is renowned for its remarkable speed and accuracy in crafting predictive, descriptive, or analytical models. Featuring engines such as CART®, TreeNet®, and Random Forests®, along with innovative automation capabilities and unique modeling functionalities, SPM stands out in the realm of data analysis tools. This comprehensive suite encompasses a range of data mining technologies, including classification, regression, survival analysis, and methods for handling missing values, as well as data binning and clustering. SPM algorithms are invaluable in sophisticated data science applications, making them a cornerstone for analysts seeking to derive insights from complex datasets. The automation of model construction is significantly streamlined with SPM, facilitating a more efficient exploration and refinement process. Furthermore, the suite allows for the seamless integration of results from various modeling approaches into a single, cohesive package, enhancing the review process for users. This combination of features not only boosts productivity but also empowers data professionals to make informed decisions more effectively.

What is LexisNexis Predictive Modeling?

Enhance your customer acquisition and retention strategies by employing advanced analytics models that adeptly identify and attract your ideal target audience based on your unique requirements and goals. By monitoring the initial loss report throughout the entirety of the claims process, the integration of predictive analytics can lead to a notable decrease in the duration of claims, enable prompt fraud detection, uncover hidden trends, and ensure that resources are allocated effectively to high-priority cases. Partner with an expert analytics firm that specializes in crafting predictive models tailored to help insurance companies achieve their specific business targets. A dedicated and experienced team will work closely with pertinent state regulatory bodies throughout both the design and execution stages, facilitating responses to queries and gathering essential insights. Furthermore, by accurately categorizing risks through these predictive models, you can boost both your claim volume and overall profitability, while remaining proactive in navigating industry developments and obstacles. This proactive approach not only enhances your operational efficiency but also establishes a competitive edge in a constantly evolving market.

Media

Media

Integrations Supported

Bridger Insight XG
Juris
LexisNexis Prospect Portfolio
Nexis Data+
Nexis Diligence
Nexis Social Analytics
UniVoIP
UniVoIP Cloud Contact Center
VerifyRX
eCitation

Integrations Supported

Bridger Insight XG
Juris
LexisNexis Prospect Portfolio
Nexis Data+
Nexis Diligence
Nexis Social Analytics
UniVoIP
UniVoIP Cloud Contact Center
VerifyRX
eCitation

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Minitab

Date Founded

1972

Company Location

United States

Company Website

www.minitab.com/en-us/products/spm/

Company Facts

Organization Name

LexisNexis

Date Founded

1970

Company Location

United States

Company Website

risk.lexisnexis.com/products/predictive-modeling

Categories and Features

Data Mining

Data Extraction
Data Visualization
Fraud Detection
Linked Data Management
Machine Learning
Predictive Modeling
Semantic Search
Statistical Analysis
Text Mining

Machine Learning

Deep Learning
ML Algorithm Library
Model Training
Natural Language Processing (NLP)
Predictive Modeling
Statistical / Mathematical Tools
Templates
Visualization

Predictive Analytics

AI / Machine Learning
Benchmarking
Data Blending
Data Mining
Demand Forecasting
For Education
For Healthcare
Modeling & Simulation
Sentiment Analysis

Categories and Features

Predictive Analytics

AI / Machine Learning
Benchmarking
Data Blending
Data Mining
Demand Forecasting
For Education
For Healthcare
Modeling & Simulation
Sentiment Analysis

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