Finding a Needle in a Haystack

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AUTHOR’S POST

Mandy Moody, CFE
ACFE Social Media Specialist

Looking for a needle in a haystack is best only used figuratively. No one actually wants to spend a Saturday afternoon digging through haystacks for fun. But what if finding that needle saved you time and lots of money? And, what if you had special tools that helped you isolate the needle, amplify it and find it in a fraction of the time it would normally take? What if you could even predict where that needle would most likely be before you stepped on it and felt its effects?

That’s exactly what many data analysts are doing with predictive analytics software designed to detect patterns, anomalies and trends associated with fraud. Tomorrow, May 30 at 2 p.m. EDT, the ACFE will host a 100-minute webinar detailing how fraud examiners can use Predictive Analytics to Prioritize Investigations and Audits of Contract Fraud, Waste and Abuse. Two speakers from Elder Research, Inc. will detail exactly how predictive analytics can help find those needles in the haystacks.

You will walk away knowing how to:

  • Define predictive analytics and the myths associated with it
  • Start a data mining or predictive analytics group at your company
  • Help your organization prioritize high-risk leads or audits for investigators and auditors by using predictive analytics
  • Use predictive analytics to produce high ROI by focusing agents and analysts on cases with higher probability of being fraud, waste or abuse

You can learn these lessons and more at the webinar tomorrow at 2 p.m. EDT. If you can’t make it tomorrow and will be attending the 24th Annual ACFE Global Fraud Conference in Las Vegas next month, be sure to add this session to your schedule.

Read more about the Predictive Analytics webinar and register today.