Information Management's DM RadioData mining is everywhere these days from the NSA to big box retailers, global financial institutions to mom-and-pop startups. And though much has changed in the last few years, especially the availability of Big Data sources, the basics of data mining remain fairly constant. There are several keys to success, including domain expertise, scientific rigor, knowledge of statistical techniques. And having good tools helps, too. Register for this episode of DM Radio to hear Host Eric Kavanagh interview Dean Abbott (@deanabb) of Abbott Analytics, Gregory Piatetsky (@kdnuggets) of KDnuggets, Kirk Borne (@KirkDBorne) of George Mason University and Jamie MacLennan (@PredixionSW) of Predixion Software.
FeatureData accumulation has never been a challenge for the insurance industry, but spurred by a more intensely competitive market and better, affordable technology, insurers such as Allstate, XL and AIG are embracing data-driven decision-making for more effective marketing, pricing and loss reduction.