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How Insurance Companies Use Data To Measure Risk And Choose Rates

Smart Data Collective

Here is the type of data insurance companies use to measure a client’s potential risk and determine rates. Traditional data, like demographics, continues to be a factor in risk assessment. Teens and young adults are less experienced drivers and, therefore, at risk for more car accidents. Demographics. This includes: Age.

Insurance 137
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Sweat the small stuff: Data protection in the age of AI

CIO Business Intelligence

As concerns about AI security, risk, and compliance continue to escalate, practical solutions remain elusive. as AI adoption and risk increases, its time to understand why sweating the small and not-so-small stuff matters and where we go from here. AI usage may bring the risk of sensitive data exfiltration through AI interactions.

Risk 105
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Why you should care about debugging machine learning models

O'Reilly on Data

1] This includes C-suite executives, front-line data scientists, and risk, legal, and compliance personnel. These recommendations are based on our experience, both as a data scientist and as a lawyer, focused on managing the risks of deploying ML. 4] Fairwashing: The Risk of Rationalization , How Can We Fool LIME and SHAP?

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How Big Data Impacts The Finance And Banking Industries

Smart Data Collective

A 2013 survey conducted by the IBM’s Institute of Business Value and the University of Oxford showed that 71% of the financial service firms had already adopted analytics and big data. Here are a few of the advantages of Big Data in the banking and financial industry: Improvement in risk management operations.

Big Data 145
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Many C-suite execs have lost confidence in IT, including CIOs

CIO Business Intelligence

Less than half of C-level executives believe their IT organizations are effectively delivering basic services, compared to about two-thirds with confidence in 2013, according to a survey recently released by the IBM Institute for Business Value. The drop was the largest among the CEOs surveyed.

IT 140
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The Fellowship of the Metaverse: CIO, CMO, CCO and CHRO

CIO Business Intelligence

However, delay too long, and you also risk giving yourself an insurmountable technological handicap if uptake in your industry suddenly accelerates. While one of the precursors to the metaverse, SecondLife, proved in the short-term that such items could certainly be desirable (from 2003 to 2013 $3.2 Agile Development

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OpenAI sets up new safety body in wake of staff departures

CIO Business Intelligence

OpenAI’s creation of a new safety committee at board level follows a string of departures and bad publicity around the company’s attitude to safety, including the dispersal of a “superalignment” team focused on long-term risks led by ex-chief-scientist Ilya Sutskever, who left the company two weeks ago. He’s not alone in that believe.

Risk 116