5 Predictive Analytics Use Cases

Utica National Insurance Group is highlighted in this showcasing of several innovative uses for advanced analytics.

Photos courtesy of Shutterstock. This story originally appeared at Information Management.

Steadying Volatile Markets

Recently at the IE Predictive Analytics Summit, data scientist officers at Sears Holding Corporation, the parent company of the retailer, presented the makeup of the more than 100 performance metrics they tap into for predictive financial models. As analyst/blogger Steve Miller wrote about the presentation: “The DS group then creates segments using techniques like k-mean clustering, and examines KPI trends against features volatility and momentum that are so important in financial services. With support vector machines and neural nets as their essential classification engines, the authors note off-the-charts efficiency improvements from the efforts.”


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