Remove Big Data Remove Insurance Remove Predictive Modeling Remove Statistics
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Is Artificial Intelligence relevant to insurance?

IBM Big Data Hub

In this first of two posts, I investigate the anatomy of artificial intelligence and its impact on insurance. The early versions of AI were capable of predictive modelling (e.g., The four categories of predictive modelling, robotics, speech and image recognition are collectively known as algorithm-based AI or Discriminative AI.

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What is data analytics? Analyzing and managing data for decisions

CIO Business Intelligence

It comprises the processes, tools and techniques of data analysis and management, including the collection, organization, and storage of data. The chief aim of data analytics is to apply statistical analysis and technologies on data to find trends and solve problems. It is frequently used for risk analysis.

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Predictive Analytics: 4 Primary Aspects of Predictive Analytics

Smart Data Collective

Predictive analytics, sometimes referred to as big data analytics, relies on aspects of data mining as well as algorithms to develop predictive models. Without big data in predictive analytics, these descriptive models can’t offer a competitive advantage or negotiate future outcomes.

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3 Key Components of the Interdisciplinary Field of Data Science

Domino Data Lab

Data science is an exciting, interdisciplinary field that is revolutionizing the way companies approach every facet of their business. This has led to rapid advancements, as the field’s interdisciplinary nature combines mathematics, statistics, computer science and business knowledge in new and novel ways. Computer Science Skills.

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What is Model Risk and Why Does it Matter?

DataRobot Blog

With the big data revolution of recent years, predictive models are being rapidly integrated into more and more business processes. When business decisions are made based on bad models, the consequences can be severe. Figure 1: The main components of a model as defined by banking industry regulators.

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Real estate CIOs drive deals with data

CIO Business Intelligence

“We’ve been able to create some models that will analyze things like the listing comments and descriptions and tell you which properties are waterfront or not,” Wilhemy says, adding that such data gives its agents a competitive advantage by enabling them to reach out to a selective set of potential buyers first.

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Proposals for model vulnerability and security

O'Reilly on Data

The objective here is to brainstorm on potential security vulnerabilities and defenses in the context of popular, traditional predictive modeling systems, such as linear and tree-based models trained on static data sets. If an attacker can receive many predictions from your model API or other endpoint (website, app, etc.),

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