Predictive Analytics, Modeling News and Trends Presentation from Claude Penland, Actuary


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Covers predictive analytics, modeling news and trends, including new developments, interesting applications, data dilemmas and changes, investment, employment trends, conferences and other timely information. Also see

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Predictive Analytics, Modeling News and Trends Presentation from Claude Penland, Actuary

  1. 1. Predictive Analytics and Modeling News / Trends A Presentation by Claude Penland, Associate of the Casualty Actuarial Society
  2. 2. What’s New? <ul><li>$3 Million in Health Analytics Prize Money Available </li></ul><ul><li>RESIN, AI blackboard-based agent that leverages interactive visualization and problem solving </li></ul><ul><li>Johns Hopkins is Building a Supercomputer for Data Mining </li></ul><ul><li>DePaul University new Center for Data Mining and Predictive Analytics </li></ul>
  3. 3. Interesting Applications <ul><li>Predictive Analytics Applied to the Hospital Billing Process </li></ul><ul><li>Competitive Market Analysis of Auto Insurance Companies </li></ul><ul><li>Educational Data Mining is becoming popular http://bit. ly /fM0M1a </li></ul><ul><li>Predictive Analytics Applied to Data Centers </li></ul>
  4. 4. Interesting Apps, Continued <ul><li>New Model Predicts Presence of Meth Labs Very Accurately </li></ul><ul><li>Analyze 50% of Annual Tweets for $360K/year </li></ul><ul><li>Monitoring Physician Performance for Predictive Profiling </li></ul><ul><li>Are You Arguing With a Real Person or a Bot? </li></ul>
  5. 5. Interesting Apps, Three <ul><li>5 Ways Predictive Analytics Can Monetize Social Networks </li></ul><ul><li> can uncover Astroturfing and Political Tactics </li></ul><ul><li>Medicare Predictive Modeling Provision included in Small Business Lending Act </li></ul><ul><li>Employee contributions to revenue </li></ul>
  6. 6. Interesting Apps, Four <ul><li>Predicting Employee Success </li></ul><ul><li>Commercial Insurers Who Use Predictive Modeling are seeing Pricing Strength </li></ul><ul><li>Plan a Healthcare System using Link Analysis (Data Mining) </li></ul><ul><li>The Ability to Analyze Social Connections is Proving Increasingly Useful </li></ul>
  7. 7. Interesting Apps, Five <ul><li>Predictive Analytics for Phone Calls, and Call Data Mining </li></ul><ul><li>Forecast Career Paths by Resume Analytics </li></ul><ul><li>Criminal Reduction Utilizing Statistical History, UK & USA Predictive Analytics </li></ul><ul><li>Tool for Insurance Project Management </li></ul>
  8. 8. Interesting Apps, Six <ul><li>Thorotrends offers research/analytics for horse racing </li></ul><ul><li>Recorded Future scans Twitter accounts, blogs, and websites to find relationships, organizations, actions and incident data related to topics like terrorism. </li></ul>
  9. 9. Dilemmas <ul><li>Should data mining be used by insurance companies to predict longevity? </li></ul><ul><li>Which Mistakes Make a Top 10 Analytics Mistakes List? </li></ul><ul><li>The Predictive Analytics Data Dilemma at Insurance Companies </li></ul>
  10. 10. Data Changes <ul><li>Should Health Records Be Overhauled? </li></ul><ul><li>EMB creates new vehicle symbols for better Analytics </li></ul>
  11. 11. Investments <ul><li>Predixion gets $3 million to Develop Data Mining and Analytics Software </li></ul>
  12. 12. Who’s Hiring? <ul><li>Accenture to Create 100 Predictive Analytics Jobs in Ireland </li></ul><ul><li>Can You Perform Your Analytics Job in Your Slippers? </li></ul><ul><li>Growth in Jobs that mention Statistics, 5-year trend graph </li></ul><ul><li>Growth in Jobs that require Analysis, 5-year trend graph </li></ul>
  13. 13. Conferences <ul><li>Predictive Analytics World in SF in March 2011 </li></ul><ul><li>Enterprise Data World, Chicago, April 3-7, 2011 </li></ul>
  14. 14. What Else? <ul><li>Rapid Miner is a Free Program to perform Predictive Analytics </li></ul><ul><li>11Ants Model Builder launched to perform Predictive Analytics in Excel </li></ul><ul><li>R Programming Language: How Google and Facebook Use It </li></ul><ul><li>Pharmaceutical Companies Need Predictive Analytics </li></ul>
  15. 15. What Else? Continued <ul><li>What Can Business Learn From American Idol Regarding Predictive Analytics? </li></ul><ul><li>FBTO discusses Predictive Analytics with regards to selling Auto Insurance </li></ul><ul><li>Integrate R Analytics into Applications, Customized Reports and Sites </li></ul><ul><li>Predictive Analytics Articles on Credit Scores, Insurance and Getting Started </li></ul>
  16. 16. What Else? Three <ul><li>Google has a Predictive Analytics API </li></ul><ul><li>Understanding Prediction and Segmentation in Marketing Analytics </li></ul><ul><li>SAS Rapid Predictive Modeler software launched </li></ul>
  17. 17. Wrap Up <ul><li>Check out for regularly updated predictive modeling and analytics news and trends </li></ul><ul><li>Thank you! </li></ul>