Insurers are banking on analytics to drive results while decreasing costs. (Photo: Shutterstock)
As we head toward the end of the baseball season, it's hard not to think of the movie Moneyball, and how the sabermetrics take center stage in the real-life saga of Billy Beane and the Oakland Athletics (A's). Sabermetrics is the analysis of baseball through objective, empirical evidence, especially baseball statistics that measure in-game activity rather than industry activity, such as attendance. By focusing on a player's actual contribution to a team, this formula theoretically enables teams to hire undervalued players, in turn bringing salaries in line with affordability.
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