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Risk Management

Screenshot of EPRI abstract page

Access the EPRI report detailing our technology's optimization of a coal-fired power plant.

Oil, Gas and Energy companies, and more specifically their stakeholders, are being required to meet the demands of a market where greater scrutiny is being placed on regulatory requirements, of an economy that is unpredictable, and of a market that fluctuates daily while simultaneously meeting the requirements of customers with every increasing demand for energy. This required Oil, Gas and Energy companies to remain focused on customer goals and key performance indicators, making sure that they receive the right level of service. Ideally neither too much service nor too little service are delivered maximizing profit and minimizing cost. As the complexities of risk evolve with time, companies are challenged more and more to identify high-risk customers using their regular tools.

The STATISTICA Risk Management solution for the Oil, Gas and Energy industries has been proven at some of the largest and most progressive companies in the world. Our solution provides advanced analytical tools that enable Oil, Gas and Energy companies to gain more profitable customers and to decrease risks. Risk appropriate solutions are provided for complex problems unique to the Oil, Gas and Energy industry, all with the latest algorithms and technology allowing for processing of data which grows exponentially on a daily basis.

STATISTICA Solution

  • Full Range of Solutions: Data preparation, attribute building, weight of evidence coding, scorecard building, model selection, model evaluation, cut-off point selection, and population stability are all incorporated into one software package.
  • Streamlined Process: Decisioning platform solutions integrate the various tools needed to provide a comprehensive risk modeling package.
  • The Most Powerful Algorithms Available: STATISTICA incorporates not only logistic regression and Cox Proportional Hazards, but also other powerful data mining algorithms such as decision trees and neural networks, which are being incorporated into risk models.
  • Reflexive Models for Real-Time Needs: Live Score® processes new customers instantly and updates risk models in rapid turn-around times made possible only by STATISTICA’s integrated solutions.

Included Technology

 

EPRI logo is a trademark of Electric Power Research Institute, Inc. Its appearance here does not signify endorsement of StatSoft or StatSoft products.

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Contact Us

Statistica
2300 East 14th Street
Tulsa, Oklahoma, 74104
(918) 749-1119