deloitte social network analysis
DESCRIPTION
Social network analysis (SNA) is the mapping and measurement of relationships and flows between people, groups, organizations or other actorsTRANSCRIPT
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Connecting the Dots:Social Network Analysis and its Application to Insurance
CAS Cutting Edge Ideas Seminar Baltimore
October 2011
Steve Berman, FCAS, MAAAJim Guszcza, FCAS, MAAA
Deloitte Consulting LLP, University of Wisconsin-Madison
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Introduction / Background
Definitions and SNA Basics
Interpreting Networks
Network Metrics
Case Studies
Insurance Applications
Tools and Resources
Q&A
Agenda
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Background
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Opening Thoughts
“Only Connect” – E.M. Forster“It’s not what you know, it’s whom you know” – ubiquitous
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The Development of Social Network Analysis
• Social Network Analysis arose in the social sciences• Sociology, psychology, anthropology• Study of connections started in the mid-1800’s• More formal structure to field added in 1920’s-1930’s• Jacob Moreno invents the “sociogram” in 1930’s
• now known as network maps
• Development of SNA metrics as early as 1950’s• Stanley Milgram (1960’s) – six degrees of separation analysis• 1970’s – different fields begin to merge into one
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Social Network Analysis Today
• Culture: Social networking analysis has gained prominence in past few years
• Social media has gone mainstream… and changed our culture
• Analytics: SNA packages have proliferated• Many packages are free or cheap• Readily calculate key SNA statistics• Allow graphing of hundreds or thousands (or millions!) of nodes• Recent improvements in network layouts and clustering algorithms• Data collection from expensive surveys to automatic database logging
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What is Social Network Analysis?
• Social network analysis (SNA) is the mapping and measurement of relationships and flows between people, groups, organizations or other actors
• Examples:• Groups of friends (analysis of playground relations – an early application)• Business organizations, connections• Linked websites• Academic and artistic collaborations• Social network web links• Political organizations
• Some Key Considerations• SNA structural relations can be as important to understanding behavior as
demographics and past behavior• Attitudes, beliefs, habits can be affected by mechanisms represented by SNA• Structural relations are dynamic in nature
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For the rest, see us in Baltimore