This article explains four steps will help you gain better insight to detect insurance fraud.
Someone determined to commit insurance fraud is counting on sliding by your radar without being caught. But they leave an unavoidable trail that can ultimately lead to their demise – data.
The challenge you face is effectively combing through the mountains of data from disparate systems to detect patterns, trends, and outliers that suggest suspect behavior. By using an analytical solution designed to quickly visualize data, regardless of where it is stored or how much there is, you can reveal activities that demand a closer look.
This article explains four steps that will help you gain better insight to detect fraud:
- Mix & match data
- Visualize data in revealing ways
- Create dashboards
- Share insights with stakeholders
The key benefit we saw right away is that for the first time, this insight becomes instantaneous and acknowledged ... So it is this insight that Tableau brings to the financial industry, to pharmaceutical, to media, to entertainment. Where people for the first time go, 'Ah, that's my business—that's my data.'