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Supercomputers Unleash Big Data's Power
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LisaMorgan
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LisaMorgan,
User Rank: Moderator
6/29/2015 | 7:10:40 PM
Re: Is that you, False-Positive?
Your point about false positives is well-taken.  Insurance companies often reject claims as a matter of course because it's in their best interest to do so.  A long, arduous process causes many claimants to settle for less than they might recover because they just can't weather the battle.  Knowing that, some claimants hire law firms hoping to to recover more than they would on their own, which works or doesn't depending on a number of factors.
asksqn
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asksqn,
User Rank: Ninja
6/29/2015 | 5:50:41 PM
Is that you, False-Positive?
<excerpt>

 

One example is identifying fraudulent healthcare claims, which involves massive amounts of data. By bringing all the data into memory, it's possible to discover patterns that are not apparent if the claims are viewed in isolation[...]

 

LOL I smell job security for decades for plaintiff law firms bringing suit against skinflint ins. cos. denying legitimate claims because it spent millions on software and didn't take into consideration the cost of false-positive results and the ensuing litigation.



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