Predictive Analytics

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Predictive analytics applies statistical algorithms to prescribe (recommend) actions based on patterns in data that predict the behavior of customers, products, services, markets and other business outcomes.

Information Management NewsMore than anything else, risk is at the core of the insurance business, and Teresa Cracas has made a career out of standing up to it. Cracas has been a champion of the power of predictive analytics not just in risk, but across the enterprise.
BlogJust as with humankind there are overlap periods where primitive statisticians co-exist with more sophisticated ones with more capabilities and skills. This implies the primitive ones have evolutionary steps in their future.
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