Although I touched on the sport in last week's blog, since this week is the real start of the Major League Baseball season—despite the fact two American teams played in Japan last week (with a Japanese tech company's logo on the batting helmets)—it's time for my annual observation about analyzing data in different ways.

Since last season, the predictive analytics book Moneyball was turned into a movie and both Brad Pitt and Jonah Hill were nominated for Oscars for their roles, which should have excited data geeks. After all, when you can get Pitt to portray someone who believes in statistical analysis of data you've won half the battle, right? (He could do for actuaries what Julia Roberts did for paralegals.)

The benefit insurers have gained over baseball teams in the use of advanced statistical data is that pretty much all insurance companies believe there is value to be gained from the data. There are plenty of baseball executives and managers that only believe what they see on the field—even if they don't always know what they are looking at.

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