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Stuart Rose 0
Insurance and the rise of the Chief Risk Officer

The role of insurance is to bring some predictability, manageability and stability to a chaotic and uncertain world.  In essence, it is a risk mitigation tool. The role of the Chief Risk Officer (CRO) is to manage the overall risk strategy for the insurance company. They are responsible for defining

Analytics | Data for Good | Data Visualization
Robert Allison 0
How to make infectious diseases look better

The Wall Street Journal recently published some graphs about seven infectious diseases, and I tried using SAS to improve the graphs ... it's a veritable infectious disease (graph) bake-off! Let's start with Measles ... here's a screen-capture of WSJ's measles graph: In general, their graph is eye-catching, and I learned a lot

Craig Rubendall 0
Big data meets open standards

Imagine choosing one application for Linux that worked on the version you currently use. You choose another program but find that it doesn’t work on that version of Linux. A third application? It works with another version of Linux. Luckily, that rarely happens. In 2001, the Linux Foundation established Linux Standard

Advanced Analytics | Analytics
Mike Gilliland 0
Brilliant forecasting article from 1957!!! (Part 2)

Combining Statistical Analysis with Subjective Judgment (continued) After summarily dismissing regression analysis and correlation analysis as panaceas for the business forecasting problem, Lorie turns next to "salesmen's forecasts."* He first echoes the assumption that we still hear today: This technique of sales forecasting has much to commend it. It is based

Data Management
Stuart Rose 0
Welcome to “data-driven decisions”

Business analytics is about dramatically improving the way an organization makes decisions, conducts business and successfully competes in the marketplace. At the heart of business analytics is data.  Historically, the philosophy of many insurers has been on collecting data, data and more data. However, even with all this data, many

Michael A. Raithel 0
The lowdown on the downloads

I would bet that the most popular four-letter-word in the English language; the one that gets the most attention; the one that everybody loves to see; the one that makes people the happiest is: free. Everybody likes to get something for free. We love it when we purchase two garments

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