Big data (aka predictive analytics) is an often talked about topic. Learn how actuaries are working with predictive models and analytics.
Predictive models have emerged to help guide businesses. Actuaries serve an important role with predictive analytics by using modeling and data analysis techniques on large data sets to discover predictive patterns and relationships for business use. The actuarial profession has been actively advancing the use of predictive analytics methods in its work. Actuaries have been fast to collect and transform big data into useful information to glean future tendencies and patterns.