data extrapolation- reed & associates, cpas

ACTIONABLE ANALYTICS

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Please feel free to contact us at [email protected]

with any questions or feedback you may have!

mailto:[email protected]

WHAT ARE

ACTIONABLE ANALYTICS?

Collect Data

Synthesize Data

Analyze Data

Actionable Information


Data Collections come in all sizes, quality & formats

Moving ten thousand records is easy – what about billions of rows of data?

The old adage of “Garbage In = Garbage Out” has never been more true or more critical

Ingesting Structured or Well-Defined data (XML, CSV, text) has been done for years… How about ill-defined or unstructured data sets

Remember - Each Data Collection is different

Specific levels of confidentiality

Business Rule & Information Context

Collect

Synthesize

Analyze

Load

Transform

Extract

Once the data is collected

Need to remove invalid or imprecise data (Data Cleansing)

Business rules separate the inaccurate, incorrect or potentially fraudulent from the valid records –understanding the business rules are key

Data mining provides Context through different perspectives, dimensions & across different relationships

Used to locate patterns & develop hypotheses

Collect

Synthesize

Analyze


Collect

Synthesize

Analyze


Data Mining & Analytics Tools & Technology

Decision Trees

Collect

Synthesize

Analyze



Regression Analysis

Collect

Synthesize

Analyze


Peer Grouping Cluster Analysis



Collect

Synthesize

Analyze

Use Tools & Technology to

Determine where the exceptions are

Validate are the relationships correct / valid

Test the Hypothesis

Use Iterative processes to

Complete business process reviews

Identify outliers


The Value of Predictive Modeling

Machine Learning

Pattern Recognition

Predictive Modeling

The human brain can only closely examine 6 to 8 variables at a time to profile a problem.

Predictive analytics programs analyze hundreds of variables to make a diagnosis or a prediction of risk.

Collect

Synthesize

Analyze


Predictive Modeling helps:

Define strategic business objectives based on data collected

Forecast the future, based on the past

Increase revenue, cuts costs or both

Identify opportunities, weaknesses & outliers

Improve business applications & processes

Collect

Synthesize

Analyze


Three “Rs” of Predictive Modeling

Reliable accuracy of

your predictive

model

Repeatable results & processes

Relatable to business strategies &

needs

Collect

Synthesize

Analyze


Use Actionable Analytics

Identify the likelihood of FWA

Highlight the relationships between data & process

Reduce the “false positives”

Focus effort on high-probability targets

Project likelihood of occurrence & reoccurrence (Predictive Analytics)

Identify procedural failures

Produce Information you can Act on

Actionable Information

THE REED SOLUTION

Tools & Technologies

Government Healthcare

SMEs

Audit (Investigative)

Processes

Reed’s value is

providing the

Context &

Expertise

THE REED SOLUTION

Simple process to receive and retrieve any type of data (Secure Portal: HIPAA and FEPS Compliant)

Powerful tools to synthesize & cleanse data

Subject Matter Experts in government healthcare and data analytics to maximize the data value & context (business & data analytics SMEs)

Customizable, configurable & user friendly dashboards to provide Actionable Analytics

CONTACT US

For additional information

please contact us

at

860-395-1996

or via email at

[email protected]

