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Using IBM Analytics, Santam Saves $2.4 Million in Fraudulent Claims

By Guest PostMay 9, 2012Technologyafrican continent, algorithmics, analytics software, anesh govender, clarity, fraud, fraud syndicate, i2, ibm, insurance company, olrac spsolutions, openpages, rich holada, risk, santam, South Africa, spss

Analytics Software Enhances Insurer’s Ability to Resolve Claims Faster

Johannesburg, South Africa – 09 May 2012: IBM today announced that Santam, South Africa’s leading short term insurance company, has saved $2.4 million on fraudulent claims in the first four months of using IBM business analytics software. The analytics software has enhanced Santam’s fraud detection capabilities and also enabled faster payouts for legitimate claims.

“IBM and OLRAC-SPSolutions have helped us build a solution that has not only transformed our claims processing methodology in terms of speed and efficiency, but also provides new insight which helps us identify false claims more quickly, which protects our business and customers,” said Anesh Govender, Head of Finance, Reporting and Salvage at Santam. “The solution has delivered a full return on investment and also helped uncover a motor insurance fraud syndicate in less than 30 days after the system went live.” (more…)

“Losing Yourself” in A Fictional Character Can Affect Your Real Life

By Guest PostMay 9, 2012Culture, Generalelection day, experiment, fictional character, gay early story, gay late narrative, geoff kaufman, lisa libby, lose yourself, ohio state university, self concept, self identity, sexual orientation, stereotype

COLUMBUS, Ohio – When you “lose yourself” inside the world of a fictional character while reading a story, you may actually end up changing your own behavior and thoughts to match that of the character, a new study suggests.

Researchers at Ohio State University examined what happened to people who, while reading a fictional story, found themselves feeling the emotions, thoughts, beliefs and internal responses of one of the characters as if they were their own – a phenomenon the researchers call “experience-taking.” (more…)

NASA’s Spitzer Sees the Light of Alien ‘Super Earth’

By Guest PostMay 9, 2012Science55 cancri, 55 cancri e, atmosphere, bill danchi, gaseous planet, hot jupiter, jet propulsion laboratory, kelvin, michael gillon, michael werner, NASA, planet, signs of life, solar system, spitzer project, spitzer space telescope, super earth

PASADENA, Calif. – NASA’s Spitzer Space Telescope has detected light emanating from a “super-Earth” planet beyond our solar system for the first time. While the planet is not habitable, the detection is a historic step toward the eventual search for signs of life on other planets.

“Spitzer has amazed us yet again,” said Bill Danchi, Spitzer program scientist at NASA Headquarters in Washington. “The spacecraft is pioneering the study of atmospheres of distant planets and paving the way for NASA’s upcoming James Webb Space Telescope to apply a similar technique on potentially habitable planets.” (more…)

Biologists Turn Back the Clock to Understand Evolution of Sex Differences

By Guest PostMay 9, 2012Nature, Scienceabderrahman khila, antlers, battle, darwin, ehab abouheif, evolution, hooks, locke rowe, male guppies, mating, mcgill university, moose, peacocks, plumage, rheumatobates rileyi, rna interference, sex differences, sexes, traits in nature, tusks, university of toronto, walruses, water striders, wild colours

Battles of sexes shown to spur adaptive sex differences

Sex differences account for some of the most of the spectacular traits in nature: the wild colours of male guppies, the plumage of peacocks, tusks on walruses and antlers on moose. Sexual conflict – the battle between males and females over mating – is thought to be a particularly potent force in driving the evolution of traits that differ in males and females.

However, the genetic processes responsible for producing such traits are not well understood, nor how they evolved from their simpler less elaborate ancestral forms. We tend to assume that each tiny step in evolution is an advantage. But are they really? (more…)

Happiness Model Developed by MU Researcher Could Help People Go From Good to Great

By Guest PostMay 8, 2012Culture, Healthhappiness, happiness model, kennon sheldon, miserable, model, positive life, psychological basis, romantic relationship, sonja lyubomirsky, spice of life

COLUMBIA, Mo. — The sayings “variety is the spice of life” and “happiness isn’t getting what you want, but wanting what you get” seem to have a psychological basis, according to a new study by an MU psychologist who identified two keys to becoming happier and staying that way.

“Although the Declaration of Independence upholds the right to pursue happiness, that search can be a never-ending quest,” said Kennon Sheldon, professor of psychological sciences in the College of Arts and Sciences. “Previous research shows that an individual’s happiness can increase after major life changes, such as starting a new romantic relationship, but over time happiness tends to return to a previous level. Through our research, we developed a model to help people maintain higher levels of happiness derived from beneficial changes. The model consists of two major components: the need to keep having new and positive life-changing experiences and the need to keep appreciating what you already have and not want more too soon.” (more…)

Probability of Success

By Guest PostMay 8, 2012Education, Generalalzheimer, ambre alexander, app, cancer therapy, ceo, champions, cotinga llc, emily bonistall, game 7, google my tracks, gre score, ipad, jeopardy, knowledge tracking, kristin deghetaldi, li liao, nanomedicine, old master paintings, probability, roger craig, success, tournament, tracey bryant, vinu krishnan

UD alum and ‘Jeopardy!’ champ Craig tells students it’s important to take chances

When Li Liao, associate professor in the University of Delaware Department of Computer and Information Sciences, saw Roger Craig’s almost-perfect GRE score while Craig was applying to graduate school at UD, the faculty member said to himself, “Wow, this guy is smart.”

Liao says he took a chance on Craig, who had no formal training in computer science. Craig would go on to exceed his adviser’s expectations, studying bioinformatics and earning master’s and doctoral degrees in computer and information sciences at UD.

Craig also would set several records on the Jeopardy! quiz show in 2010 and 2011, among them, the all-time record for single-day winnings ($77,000). Craig said that when he hit the daily doubles, he almost always bet everything. (more…)

Yahoo! Board of Directors Forms Special Committee to Review CEO Academic Credentials

By Guest PostMay 8, 2012Technologyacademic credentials, alfred amoroso, bird, board of directors, boxer, ceo, drooks, john hayes, licenberg, los angeles, marella, nessim, scott thompson, sec, shareholders, terry bird, thomas mcinerney, wolpert, Yahoo

SUNNYVALE, Calif. –– The Board of Directors of Yahoo! Inc. today announced that it has formed a special committee to conduct a thorough review of CEO Scott Thompson’s academic credentials, as well as the facts and circumstances related to the review and disclosure of those credentials in connection with Thompson’s appointment as CEO.

The special committee is chaired by Alfred Amoroso, an independent director who joined the Board in February of this year. The other members of the special committee are John Hayes and Thomas McInerney, independent directors who joined the Board in April of this year. (more…)

Game on! UCLA Researchers Use Online Crowd-Sourcing to Diagnose Malaria

By Guest PostMay 8, 2012Health, Technologymalaria diagnosis, online crowd sourcing, telemedicine, telemedicine problems, telepathology

Gaming system a new step for telepathology and other telemedicine fields

Online crowd-sourcing — in which a task is presented to the public, who respond, for free, with various solutions and suggestions — has been used to evaluate potential consumer products, develop software algorithms and solve vexing research-and-development challenges. But diagnosing infectious diseases? (more…)

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