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Trusted clinical technology and evidence-based solutions that drive effective decision-making and outcomes across healthcare. Specialized in clinical effectiveness, learning, research and safety.
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Enabling tax and accounting professionals and businesses of all sizes drive productivity, navigate change, and deliver better outcomes. With workflows optimized by technology and guided by deep domain expertise, we help organizations grow, manage, and protect their businesses and their client’s businesses.
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Our solutions for regulated financial departments and institutions help customers meet their obligations to external regulators. We specialize in unifying and optimizing processes to deliver a real-time and accurate view of your financial position.
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Enabling organizations to ensure adherence with ever-changing regulatory obligations, manage risk, increase efficiency, and produce better business outcomes.
Legal
Serving legal professionals in law firms, General Counsel offices and corporate legal departments with data-driven decision-making tools. We streamline legal and regulatory research, analysis, and workflows to drive value to organizations, ensuring more transparent, just and safe societies.
Legal departments that use enterprise legal management solutions collect a huge amount of data about their legal operations. Records about the legal department’s transactions, their open matters and matter history, the performance of their outside counsel, and many other facets of the department’s processes are captured by the systems they use to run their legal business. Although this data can provide critical insights that help the department operate more efficiently, cost-effectively, and successfully, those insights must be unlocked. Data science is the key that can provide access to the full value of that collected data.
Data science is a field of business that uses scientific methods, processes, algorithms, and systems to extract knowledge and insights from noisy data. Data science provides the discipline and tools to deliver actual knowledge and understanding out of data points. While it may sound technical, it actually empowers people to make confident, data-driven business decisions.
Artificial intelligence (AI) and machine learning are now sufficiently advanced to provide powerful means to process a large amount of data and deliver valuable insights from it. These technologies have been integrated into some of the solutions that insurance claims and corporate legal departments use to support their strategic decision-making. The result is better visibility into legal spend, which can drive better billing outcomes, improved billing compliance, and more efficient and productive operations.
Legal and claims departments that leverage data science can significantly improve internal processes and workflows while standardizing the data they collect to ground their decisions in fact instead of instinct.
The right expertise and experience are crucial to using data science to activate the value of the data you collect. However, most organizations do not have a team of data scientists available to build a data science center of excellence to develop AI algorithms and solve complex problems. It’s therefore necessary for most companies to partner with a provider that can deliver the necessary knowledge and technology.
In addition to extensive experience with AI, any data science provider should have “data empathy.” Data empathy is an understanding of what you need from your data and of the data itself. It allows them to identify any biases or other human subjectivity in the data collection, and account for them in the data analysis. A great deal of expertise and experience across varied customer needs are necessary for the development of data empathy.
There are three crucial types of experts a data science provider should have on their team to successfully translate your data into actionable decisions and positive business outcomes:
The combination of good data science and the right expertise can drive improved performance for all legal and claims departments. To learn more about using data science to unlock the potential value of your legal data, download our ebook Amplify your legal operations with data science.
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