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Top 10 Ways to Apply Predictive Analytics in the Insurance Industry -- and Your Industry?

June 11, 2011 by Eric Burns
with 593 views
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Actuaries are experts at using mathematics to forecast risk at a human biological level. CAN is the expert at using predictive mathematics to forecast human behavior in the domain of marketing, sales, and operations. CAN uses predictive analytics, behavior, and data science to develop creative solutions for the ever-changing business... [read more]

Predictive Analytics World Addresses Risk and Fraud Detection

October 21, 2010 by Dean Abbott
with 915 views
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 Eric Siegel focused his plenary session on predicting and assessing risk in the enterprise, and in his usual humorous way, described how big, macro or catastrophic risk  often dominates thinking, micro or transactional risk can cost organizations more than macro risk. The micro risk is where predictive analytics is well suited... [read more]

PAW: High-Performance Scoring of Healthcare Data

February 18, 2009 by James Taylor
with 361 views
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Live from Predictive Analytics WorldNatasha Balac from UC San Diego and Michael Zeller from Zementis (their product was blogged here and their support for the amazon.com compute cloud was discussed here) presented on the use of Medicare and Medicaid data to detect and prevent fraud. The high computing center at UC San Diego (San Diego... [read more]

PAW: The High ROI of Data Mining for Innovative Organizations

February 18, 2009 by James Taylor
with 195 views
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Live from Predictive Analytics WorldJohn Elder presented a collection of case studies to showcase the ROI of data mining. John started by making the point that many of his case studies had technical success but not business success - an interesting statistic. John sees three major ways that predictive analytics can help - streamlining,... [read more]

PAW: Five Ways to Lower Costs with Predictive Analytics

February 18, 2009 by James Taylor
with 219 views
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Live from Predictive Analytics WorldI am blogging live from Predictive Analytics World on behalf of SmartData Collective. Hopefully there will also be some podcasts. First up is Eric Siegel, program chair and President of Prediction Impact for the event. Eric defines predictive analytics as "business intelligence" technology that... [read more]