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Predictive Analytics and Modeling News / Trends

A Presentation by

Claude Penland, Associate of the Casualty Actuarial Society

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What’s New?

  • $3 Million in Health Analytics Prize Money Available

  • RESIN, AI blackboard-based agent that leverages interactive visualization and problem solving

  • Johns Hopkins is Building a Supercomputer for Data Mining

  • DePaul University new Center for Data Mining and Predictive Analytics

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Interesting Applications

  • Predictive Analytics Applied to the Hospital Billing Process

  • Competitive Market Analysis of Auto Insurance Companies

  • Educational Data Mining is becoming popular

  • Predictive Analytics Applied to Data Centers

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Interesting Apps, Continued

  • New Model Predicts Presence of Meth Labs Very Accurately

  • Analyze 50% of Annual Tweets for $360K/year

  • Monitoring Physician Performance for Predictive Profiling

  • Are You Arguing With a Real Person or a Bot?

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Interesting Apps, Three

  • 5 Ways Predictive Analytics Can Monetize Social Networks

  • can uncover Astroturfing and Political Tactics

  • Medicare Predictive Modeling Provision included in Small Business Lending Act

  • Employee contributions to revenue

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Interesting Apps, Four

  • Predicting Employee Success

  • Commercial Insurers Who Use Predictive Modeling are seeing Pricing Strength

  • Plan a Healthcare System using Link Analysis (Data Mining)

  • The Ability to Analyze Social Connections is Proving Increasingly Useful

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Interesting Apps, Five

  • Predictive Analytics for Phone Calls, and Call Data Mining

  • Forecast Career Paths by Resume Analytics

  • Criminal Reduction Utilizing Statistical History, UK & USA Predictive Analytics

  • Tool for Insurance Project Management

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Interesting Apps, Six

  • Thorotrends offers research/analytics for horse racing

  • Recorded Future scans Twitter accounts, blogs, and websites to find relationships, organizations, actions and incident data related to topics like terrorism.

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  • Should data mining be used by insurance companies to predict longevity?

  • Which Mistakes Make a Top 10 Analytics Mistakes List?

  • The Predictive Analytics Data Dilemma at Insurance Companies

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Data Changes

  • Should Health Records Be Overhauled?

  • EMB creates new vehicle symbols for better Analytics

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  • Predixion gets $3 million to Develop Data Mining and Analytics Software

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Who’s Hiring?

  • Accenture to Create 100 Predictive Analytics Jobs in Ireland

  • Can You Perform Your Analytics Job in Your Slippers?

  • Growth in Jobs that mention Statistics, 5-year trend graph

  • Growth in Jobs that require Analysis, 5-year trend graph

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  • Predictive Analytics World in SF in March 2011

  • Enterprise Data World, Chicago, April 3-7, 2011

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What Else?

  • Rapid Miner is a Free Program to perform Predictive Analytics

  • 11Ants Model Builder launched to perform Predictive Analytics in Excel

  • R Programming Language: How Google and Facebook Use It

  • Pharmaceutical Companies Need Predictive Analytics

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What Else? Continued

  • What Can Business Learn From American Idol Regarding Predictive Analytics?

  • FBTO discusses Predictive Analytics with regards to selling Auto Insurance

  • Integrate R Analytics into Applications, Customized Reports and Sites

  • Predictive Analytics Articles on Credit Scores, Insurance and Getting Started

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What Else? Three

  • Google has a Predictive Analytics API

  • Understanding Prediction and Segmentation in Marketing Analytics

  • SAS Rapid Predictive Modeler software launched

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Wrap Up

  • Check out for regularly updated predictive modeling and analytics news and trends

  • Thank you!