![Feedback and Questions Al Faber e-mail: afaber @iso.com Nick Floeck e-mail: nfloeck @iso.com Send feedback to: [email_address] Next event: Monday, November 30, 2:00 p.m. Eastern time CV-Exchange 速 and CV-ALIR 速 Visit www.iso.com/ws to register Follow ISO on Twitter: www.twitter.com/isonews](https://image.slidesharecdn.com/mondaywebseminarseealotbylookingfinal-12586411595026-phpapp02/85/ISO-Monday-Web-Seminar-See-A-Lot-By-Looking-22-320.jpg)
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ISO Monday Web Seminar - See A Lot By Looking
- 1. 2009 ISO Monday Web Seminar You Can See a Lot Just by Looking at Your Workers Comp Data
- 2. ISO Policy Statement The policy of ISO and subsidiary companies is to comply in all respects with federal and state antitrust laws. With this in mind, we want to mention that during all seminars held under our auspices, the antitrust laws prohibit discussion of certain topics. Because we want to avoid even the appearance of an antitrust violation, we go beyond the letter of the law, and we will not discuss any matter that violates the spirit of the antitrust laws or could be perceived as doing so.
- 3. ISO Policy Statement I will begin by reading the Chairpersons Statement. CHAIRPERSONS STATEMENT (The Chairperson shall read the following paragraph at the beginning of all meetings held under the auspices of ISO at which participation and discussion by any two or more insurance industry competitors is reasonably anticipated): All participants and ISO staff should duly note the ISO Policy Statement on Discussion at Meetings, a copy of which was transmitted to you with your agenda, if any. If you did not receive a copy of the ISO Policy Statement, it is available now for your review.油The ISO Policy Statement reminds us that ISO corporate policy restricts decision making and discussion.油These restrictions are designed to prevent even so much as an appearance of impropriety. We should all be guided by the ISO Policy Statement in our discussions, and we should all take the opportunity to review the ISO Policy Statement . A copy of the ISO Policy Statement on Discussion at Meetings may be accessed at www.iso.com/statement .
- 4. Al Faber National Account Executive, wcPrism ISO Todays Presentation
- 5. Nick Floeck Sales Consultant, wcPrism ISO Todays Presentation
- 6. You can see a lot... by looking Yogi Berra Todays Presentation
- 7. An Analogy
- 10. Top 10 Compliance Challenges Identifying data-quality issues, such as missing data elements, and determining corrective action Coordination of organizational data across a broad enterprise Coordination of multiple external data streams across multiple third-party entities
- 11. Top 10 Compliance Challenges State data edits are growing in sophistication, and it can be a struggle to keep pace Compliance penalties are becoming more common and increasing in severity Proactively tracking compliance success or failure
- 12. Top 10 Compliance Challenges The technology that is absolutely necessary to facilitate compliance is not optimized for business intelligence Internal development and maintenance of a BI platform requires specialized, and often scarce, technical resources Justification of these resources may be difficult to articulate Different users have different needs of the same data
- 13. In a Nutshell Compliance reporting today Industrywide coordination Systems Standards But there is an upside Unique positioning of WC Current regulated data exchange Mature data Mature standards
- 14. Analytics & Business Intelligence Todays analytics are far more advanced Reports are dynamic and can be modified on the fly Real-time, train-of-thought analysis Easily navigate through massive data sets A solid BI platform provides the framework necessary to Intuitive user interfaces provide a portal directly to database assets Pinpoint data-quality issues Identify cost drivers Uncover trends
- 15. A Platform Approach Data super-set Multidimensional data warehouse OLAP Measures and dimensions Data drilling Industry-specific Dashboard (end-user interface)
- 16. Analytics Platform Datasets Policy data and claims data IAIABC WCPOLS POC UNITS, etc. Medical data IAIABC NCCI
- 17. Analytics Platform The Warehouse Task-specific technology OLTP What is it ? What does it do? OLAP What is it ? Why is it different?
- 18. Analytics Platform Measures & Dimensions What are they? Dimensions represent a hierarchical grouping of related data elements Measures are value calculations Why are they important? Necessary to organize data Organized data will result in better data quality and a comprehensive world view
- 19. Analytics Platform The Dashboard Graphical representations of data User-friendly interface Multiple, simultaneous views of data Customizable by user
- 20. The Process Collect Look See Imagine Show
- 21. The Goal Combination of Claims, Policy and Medical Data Make Better Decisions Predict the future Understand industry focus.
- 22. Feedback and Questions Al Faber e-mail: afaber @iso.com Nick Floeck e-mail: nfloeck @iso.com Send feedback to: [email_address] Next event: Monday, November 30, 2:00 p.m. Eastern time CV-Exchange 速 and CV-ALIR 速 Visit www.iso.com/ws to register Follow ISO on Twitter: www.twitter.com/isonews