In professional sports, massive amounts of data have helped teams like the St. Louis Cardinals dominate Major League Baseball for 10-plus years. Specifically, the Cardinals have harnessed predictive analytics to find inefficiencies and carve out a winning strategy.
Wondering how the Cardinals performed so well with seemingly weak farm teams? By looking at the data differently—by breaking the mold and using complex algorithms and patterns of human intuition to predict performance that outpaced all other teams. This was executed by bringing their draft picks to the big leagues, scoring home runs and consistently winning.
While not as sexy as this Moneyball-like example, many of the country's most successful businesses, including insurance firms, also use predictive analytics to their benefit. Confusion around the concept still runs high, but once it is mastered, it's like finding a hidden treasure that betters business, including your claims processing.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.