Case researchers discover methods to find 'needles in haystack' in data: "A Case Western Reserve University research team from physics and statistics has recently created innovative statistical techniques that improve the chances of detecting a signal in large data sets. The new techniques can not only search for the 'needle in the haystack' in particle physics, but also have applications in discovering a new galaxy, monitoring transactions for fraud and security risk, identifying the carrier of a virulent disease among millions of people or detecting cancerous tissues in a mammogram."
The paper that is discussed also posted, in pdf.
Very cool stuff. Especially the application to fraud and security risk detection... Have to think about that some.