September 13, 2006 - Genalytics Model 6.0 transforms large amounts of transaction data into predictive intelligence and uses genetic algorithms to automatically search and identify key combinations of time series variables found in any dataset. By studying time series patterns, organizations can identify credit risks, anticipate customer attrition, and detect probable bankruptcies. Software also allows users to format modeling output for Java and SPSS.

Related categories: Software

Archive Press Release
(Products mentioned in this Archive Press Release may or may not be available from the manufacturer.)

Release date: August 7, 2006

Genalytics Model 6.0 Taps Time Series Data to Help Predict Fraud, Identity Theft

New Time Series Capability for Improved Predictive Analysis of Transactional Data, Formatting to Support Java and SPSS

ANDOVER, Mass., Aug. 7 // -- Genalytics, a leading provider of predictive data solutions that help organizations better analyze and target their customers, today announced the release of Model 6.0. The new release automates the ability to process time series data so that companies can more efficiently and effectively predict such things as fraudulent behavior.

Genalytics' software transforms vast amounts of data into predictive intelligence and puts the power of patented genetic algorithms to use by automatically searching and identifying the key combinations of time series variables found in any dataset. This process drastically reduces the pre-processing time traditionally needed to build a model that predicts behavior based on customer trends. For example, Model 6.0 can detect fraud in bank transaction data. By using the new release time series capability, several variables that are very predictive of fraud, such as time of day, were uncovered.

"Business data is all about a series of time-related transactions and resulting trends," said Doug Newell, president and founder of Genalytics. "By quickly and efficiently identifying key time series patterns using Model 6.0, organizations will do a better job of targeting fraud, identifying credit risk, anticipating customer attrition, and detecting probable bankruptcies. The ability to automatically process thousands of time series variables opens up a world of predictive possibilities for anyone collecting transactional data."

In addition to the time series capabilities, Model 6.0 offers customers the ability to format modeling output for Java and SPSS, as well as the previous SAS formatting.

About Genalytics

Genalytics is a supplier of advanced business analytics software that helps direct marketers and data analysts better target customers, discover new market opportunities, manage risk, and detect fraud. The company's patented software platform uses existing data to create predictive models that are applied to over 120 million households, making more accurate projections about future customer behavior. Genalytics is used by the financial, telecommunications, non-profit, franchise and retail industries.

Source: Genalytics

Web site: http://www.genalytics.com/

Contacts:

Public Relations:
Pan Communications
Ann Shannon
USA
Phone: 978-474-1900

E-mail this person

Company Information:
Name: Genalytics, Inc.
Address: 300 Brickstone Square
City: Andover
State: MA
ZIP: 01810
Country: USA
Phone: 978-684-7580
FAX: 978-684-7585
http://www.genalytics.com

Story Tools

Go Back |

E-Mail | Print | Post

	Contact company
	Company web site
	More news from this company
	Search for suppliers of: Data Analysis Software Data Security Software
	Join the forum discussion at: Engineers Lounge

Related Stories:
Oct 13, 2008	Software erases data from PDAs and Smartphones.
Oct 13, 2008	Software supports Patient Safety Organization certification.
Oct 13, 2008	Software facilitates cross-platform capacity planning.
Oct 13, 2008	Hardware Security Modules are FIPS-approved.
Oct 13, 2008	Network Security OS enables secure virtualization.
Oct 13, 2008	Software addresses web analytics and real-time ETL.
Oct 10, 2008	FDO Providers drive geospatial open source community.
Oct 9, 2008	BI Software facilitates use via visual analytics.
Oct 8, 2008	Software offers SAS 70 certified email compliance solution.
Oct 7, 2008	Software ensures service continuity, network integrity.
Oct 7, 2008	Software helps analyze SharePoint activity and site usage.
Oct 7, 2008	Software optimizes SOA and Web applications.
Oct 7, 2008	Software extends endpoint security policies to all devices.
Oct 7, 2008	Firmware protects against Kaminsky DNS exploit.
Oct 2, 2008	DAQ Software monitors and analyzes precision measurements.
Oct 2, 2008	Software optimizes SOA and Web applications.
Oct 2, 2008	Software promotes GRC program maturity and optimization.
Sep 30, 2008	Software performs high throughput/content screening analysis.
Sep 30, 2008	EDA Software offers mixed signal implementation solution.
Sep 30, 2008	Data Management Software has native support for IBM zSeries.

Other News from this company:
Oct 16, 2006	Genalytics Software Now Automatically Identifies Trade Area Segmentation

Brought to you by Thomasnet.com Browse ThomasNet Directory

News provided by ThomasNet Industrial Newsroom^® (TIN). TIN is a comprehensive source of new and timely product information in the industrial marketplace. TIN supplies new product information to the web sites, e-marketplaces and print publications that serve the industrial marketplace. For press release submissions please go to http://news.thomasnet.com/submitpr.html. BY ACCESSING, BROWSING AND/OR USING THIS WEB SITE AND/OR ANY WEB SITES PROVIDED BY ProductNews.com, YOU AGREE TO BE BOUND BY THE TERMS OF USE AGREEMENT.