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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…)

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, 2012Science, Technologyanti-malarial drugs, aydogan ozcan, blood cell images, brazil, diagnose, diagnostic algorithms, false positive, frank yu, infectious diseases, karin nielsen, malaria, malaria causing parasites, malawi, mozambique, online crowd sourcing, red blood cells, sam mavandadi, steve feng, stoyan dimitrov, sub sahara africa, telepathology, ucla

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?

Working on the assumption that large groups of public non-experts can be trained to recognize infectious diseases with the accuracy of trained pathologists, researchers from the UCLA Henry Samueli School of Engineering and Applied Science and the David Geffen School of Medicine at UCLA have created a crowd-sourced online gaming system in which players distinguish malaria-infected red blood cells from healthy ones by viewing digital images obtained from microscopes. (more…)

comScore Introduces Mobile Metrix 2.0, Revealing that Social Media Brands Experience Heavy Engagement on Smartphones

By Guest PostMay 7, 2012Technologycomscore media metrix, comscore mobile metrix, comscore svp, mobile metrix, twitter mobile users

comScore’s Revamped Mobile Measurement Service Provides Browser and App Audience Insights Across Smartphone Operating Systems

Facebook Ranks as Most Engaging Media Property among U.S. Smartphone Users

RESTON, VA, May 7, 2012 – comScore, Inc., a leader in measuring the digital world, today announced the U.S. launch of Mobile Metrix® 2.0, its next generation mobile behavioral measurement service. Mobile Metrix 2.0 brings comScore’s Unified Digital Measurement™ to smartphone devices, combining passive on-device measurement with census-level data to provide one of the most accurate and detailed views into actual U.S. mobile media usage across apps and mobile browsing. (more…)

Advertisers: Think Twice Before Investing in Sponsorships

By Guest PostMay 5, 2012Technologyadvertiser, anna mcalister, aquafina, bottled water, brand, consumer, dasani, journal of advertising, michigan state university, old sponsor, olympic broadcasting, public relation, sponsorship, t bettina cornwell, university of oregon

EAST LANSING, Mich. — Companies that spend millions of dollars sponsoring events need to be careful how and when they spend that money, as often their return on investment is difficult to measure. And occasionally it even benefits their competitors.

In a paper recently published in the Journal of Advertising, a team of researchers led by a Michigan State University faculty member found that the average consumer may not have a clear memory for the current sponsor of an event, especially if this sponsor is taking over from another. (more…)

Microsoft Research Opens a Lab in New York City

By Guest PostMay 3, 2012Technologybing, christian borgs, cornell technion campus, cryptography, dan goldstein, david pennock, david rothschild, duncan watts, eric horvitz, jake hofman, jennifer chayes, john langford, manhattan, mayor, michael bloomberg, Microsoft, microsoft partner, new england, new york city, research lab, rick rashid, sharad goel, siddharth suri, sociology, tech hub, vowpal wabbit, xbox

New research lab will focus on computational and experimental social science, algorithmic economics, and machine learning, along with information retrieval.

NEW YORK CITY – In the two decades since the formation of Microsoft Research, the organization has grown from its beginnings on Microsoft’s corporate headquarters in Redmond, Wash., into a global research force with 12 labs across four continents — all devoted to advancing the state of the art in computing research and contributing cutting-edge advancements to Microsoft products.

Beginning May 3, that lab count increases to 13 with the creation of Microsoft Research New York City. (more…)

IBM Study Reveals Critical Shift in the Role of Chief Information Security Executives Globally

By Guest PostMay 3, 2012Technologyasia-pacific, ceos, chief attribute, cisos, david jarvis, Europe, evolution, ibm study, influencer, information security organization, it security, marc van zadelhoff, Technology

Analysis of 130+ interviews presents a new class of security chiefs; CISO role follows the evolution of CIO and CFO with more strategic organizational responsibilities

ARMONK, N.Y. – 03 May 2012: A new IBM study reveals a clear evolution in information security organizations and their leaders with 25 percent of security chiefs surveyed shifting from a technology focus to strategic business leadership role. (more…)

Yahoo! Small Business Launches Marketing Dashboard — A Free Offering That Changes the Way Small Businesses Manage Their Online Marketing and Reputation

By Guest PostMay 2, 2012Technologyc wayne holsapple, Facebook, google analytics, len bruskiewitz, marketing dashboard, orangesoda, sem, seo, shannon parker hane, small business, tool, Twitter, web, website metrics, Yahoo, yelp

SUNNYVALE, Calif. — Yahoo! Small Business today announced the launch of Yahoo! Marketing Dashboard, a free tool that helps entrepreneurs discover new marketing opportunities to grow their businesses, while getting a clear picture of their marketing results, online reputations, and website performance, all in one place.

Designed specifically with the small business owner in mind, the Yahoo! Marketing Dashboard provides a clear, consolidated picture of a business’s marketing results and reputation, making it easier to discover new insights and develop new ideas for growth. The tool also enables small businesses to easily analyze website metrics and maintain accurate and comprehensive business listings across the Web. With all these key business metrics accessible in one location, small business owners with limited resources can spend more time focusing on their core businesses and less time buried in multiple interfaces and spreadsheets.

Some of the key features included in the free Yahoo! Marketing Dashboard include: (more…)

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