Impartial Decision Making
A third advantage to using
decision-making models is to make decisions impartial. Decision making becomes
largely objective and impartial, removing biases. Thus, unintended
discrimination based on subjective or unwanted factors (for example – race,
ethnicity, age, gender, etc.) can be reduced to insignificance if not
Consistent Decision Making
A second key advantage to using decision-making models is to ensure that decisions are more consistent. By automating the decision-making process, you can be sure that the same methodology is used repeatedly, each time an application is processed.
Increasing Productivity and Profitability
One of the most significant advantages to using decision-making models is to exponentially improve productivity and profitability. Processing thousands of applications in an hour can be done easily by a decision-making model, whereas only a handful ...
The final valuable differentiator is the way that we report the results. There is not simply one final “numeric score” and recommendation. Rather, you see the results of each input that goes into the decision so that you can understand what gave rise ...
The Model Can Be Customised
The key advantage to our decision models – customisation. While scoring models are not unique – we are all accustomed to looking at our credit score to understand whether we can and what it will cost us to go out and purchase a house – client ...
Why do current market offerings not meet customer expectations?
We started Corporate Insights because we could not find products that could cost effectively and efficiently detect, predict or prevent fraud, corruption, state capture and collusion. Customers we spoke to identified the following short comings with ...