Coping with Black Swans
The insurance and reinsurance industries are in business to take bets on risks that can be identified, assessed, prioritized and planned for financially. Disasters like hurricanes, earthquakes, massive asbestos-like litigation…
The Upside of ‘Surge Pricing’ at Uber
The company is criticized for jacking up prices during periods of high demand but economists say that they are simply letting data on market conditions dictate pricing. This past winter,…
Music Industry Uses Big Data to Track Royalties
The music industry has changed dramatically in the last couple decades, except for one domain — how television, film, video game and other producers of creative content license music tracks.…
How Data Analytics make Red Sox Fans Happier
For any baseball team, making the World Series is a pretty dependable way to boost revenue. But when the Boston Red Sox seemed a long fly ball from this goal, the team…
EVA and the Private Company
Every company seeks the perfect measurement quantifying its performance against strategy. Historically, the corporate world has relied on an alphabet soup of acronyms—EPS, ROE, ROI, EBITDA and TSR, to cite…
Reinsurance Causes Investor Feeding Frenzy
Property catastrophe reinsurance is causing a feeding frenzy for investors as they seem extremely willing to plunk their money into an alternative investment that does not correlate with their other…
How Hot Data Influences Real-Time Decisions
Big data is big news these days, promising extraordinary insight into a company’s business performance against forecasted performance in as close to “real time” as possible. All that structured and unstructured data…