4. Find a proper application outside the financial services domain (such as manufacturing or retailing) and evaluate
Question:
4. Find a proper application outside the financial services domain (such as manufacturing or retailing)
and evaluate whether a rule-based system will generate the same level of benefits as those in the Farm Bureau system and explain why.
Financial service is a major area for ES because the process involves a number of complicated rules.
Farm Bureau is a 60-year-old comprehensive financial services provider that offers a broad range of innovative products. With the 2003 merger of three Farm Bureau insurance companies into Farm Bureau Financial Services, the new management team believed that technology would enable the organization to improve the business processes each of the entities had performed in the past. One area the carrier sought to improve was underwriting, and it turned to a rule-based system that would eliminate many of the tasks previously required of underwriters.
Step by Step Answer:
Decision Support And Business Intelligence Systems
ISBN: 9780136107293
9th Edition
Authors: Dursun Delen Efraim Turban, Ramesh Sharda