Predictive Analytics
Federal agencies create and manage large amounts of data. In 2009 the federal government spent more than $75 billion on data storage and the total digital data footprint is currently estimated to exceed 1.2 billion terabytes. This amount of data cannot be effectively, thoroughly, or economically analyzed with current reporting and statistical techniques. Effectively mining this data for hidden relationships, predictors, and anomalies remains an increasingly difficult challenge due to both the size and variety and growth of the data. Federal agencies must meet this challenge to learn from the past and thus ensure program integrity, improve program performance, and provide quality services with reduced workforce and budgets.
The Solution.
Predictive analytic tools, methods, and services discover the immense value in rapidly growing data collections offering a return on investment that creates a compelling business case across every government service. Nearly all federal agencies benefit from better decisions that reduce costs and improve services. Predictive analytics use techniques that combine historical data and dependent outcomes to forecast future activity, predict outcomes, and classify behaviors.
The Delta Solutions Advantage.
Our Predictive Analytics solutions and services encompass lessons learned from staff with more than fifteen years of predictive modeling, data mining, and fraud detection experience across federal agencies including Do Not Pay List solutions, budget forecasting, and tax return fraud scoring. We rapidly develop a deep understanding of your data infrastructure and apply the right analytics to solve your specific business requirements.
The Delta Solutions Approach.
Delta Solutions engages with our clients on a project-specific basis, developing custom solutions built on commercial tools, industry best practices, and our deep experience. Our offerings range from custom data mining solutions to sophisticated data analysis. Our solutions are built on leading commercial data mining tools. The statistical and data mining tools we use depend on the attributes of the data and the type and complexity of the analytics. Our experience includes IBM SPSS Modeler, Oracle Data Mining Suite, MicroStrategy Data Mining, Microsoft SQL Server Analytical Services, and SAS.
Client Benefits.
Better forecasts – Project costs and funding with more accuracy; define potential outcomes
Strengthened program integrity – Score risky transactions and entities to detect fraud, waste and abuse
Increased efficiency – Make better, informed strategic and tactical decisions; mine data for rare, expensive or rewarding cases
Reduced costs – Improve response rates to outreach campaigns; enhance citizen care; reduce cost of and expedite response to interventions
Improved risk management – Score transactions for risk; assess portfolio risk for more information