Businesses today increasingly rely on data to drive decision-making. However, data comes in many forms, which must be sorted and have rules assigned to it before it can be analyzed. This is where data modeling comes in. IBM defines data modeling as the creation of a visual representation of a data set in its entirety, or specific parts of it, to illustrate how data points and structures connect. For example, if an organization assigns clients a customer ID, those ID numbers become more useful when they’re assigned to correspond with the products customers buy and the intervals at which they […]

Tables of Contents What Is Predictive Analytics?Predictive Analytics – Life Insurance IndustryPredictive Analytics – Health Insurance IndustryPredictive Analytics Tools for the Insurance IndustryThe Future of Predictive Analytics Use in the Insurance IndustryDelivering the Benefits of Big Data to the Insurance Industry The insurance industry is based on a simple equation: Better data = more accurate risk calculations = higher profits In the age of big data and artificial intelligence (AI), insurance companies compete to have the highest-quality data and topflight analytics tools to convert the data into business intelligence. The state of the art in data analytics is predictive analytics, […]

Modern industry relies on mathematics in the form of data. Data helps organizations track trends, identify opportunities, and make improvements in their processes and business models. Organizations across industries look to professionals who understand data and know how to interpret it to help drive success. If you’re excited by the exploration of data and ready to advance your career, pursuing an advanced degree might be the right next step. Master’s degree programs in both statistics and data science explore how data can put math into action, but their paths vary. There are several differences to consider when weighing a master’s […]

Information is used to make high-level decisions in industries that rely on large amounts of data, such as finance, healthcare, and education. Companies in these industries need highly skilled data professionals who understand not just how to work with and analyze the information but also how to program storage software and hardware systems that are cost-effective and efficient for the storage, transfer, and protection of important data. Those with advanced data degrees often pursue careers as research analysts and data scientists. These professionals can play a crucial role in a company’s future, using their in-depth knowledge of programming languages, hardware, […]

Leaders who make decisions based on facts run the business world. Consider this scenario: A CEO at a multinational tech corporation decides his business needs to launch a new product to stay ahead of the market. That CEO turns to his production team, which decides what type of product to pursue. That team then enlists designers and programmers to determine what the product will look like and how it will function. At every level, business professionals make decisions that impact their organization’s success. In the digital era, business executives, directors, and managers, as well as their employees, benefit from data […]

The 2016 film Hidden Figures was a hit at the box office, earning millions of dollars and multiple Academy Award nominations. The film garnered widespread acclaim from critics and audiences alike for its portrayal of three black women working for NASA in the 1960s. Though Hidden Figures fudged some facts and dates to fit its narrative, the central figures of the movie were real –– including Katherine Johnson, portrayed by Taraji P. Henson. Johnson was a NASA mathematician for over 30 years, helping the Space Task Force calculate trajectories for launches and landings on the Mercury, Gemini, and Apollo missions. […]