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How Insurance Companies Use Data To Measure Risk And Choose Rates

Smart Data Collective

With the technology available today, there’s even more data to draw from. The good news is that this new data can help lower your insurance rate. Here is the type of data insurance companies use to measure a client’s potential risk and determine rates. Demographics. This includes: Age. Safety Features.

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Themes and Conferences per Pacoid, Episode 9

Domino Data Lab

The lens of reductionism and an overemphasis on engineering becomes an Achilles heel for data science work. Instead, consider a “full stack” tracing from the point of data collection all the way out through inference. Finale Doshi-Velez, Been Kim (2017-02-28) ; see also the Domino blog article about TCAV. 2018-06-21).

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Measuring Validity and Reliability of Human Ratings

The Unofficial Google Data Science Blog

E ven after we account for disagreement, human ratings may not measure exactly what we want to measure. Overview Human-labeled data is ubiquitous in business and science, and platforms for obtaining data from people have become increasingly common. And for thousands of years, measurement was as simple as this.

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Magnificent Mobile Website And App Analytics: Reports, Metrics, How-to!

Occam's Razor

But why blame others, in this post let's focus on one important reason whose responsibility can be squarely put on your shoulders and mine: Measurement. Create a distinct mobile website and mobile app measurement strategies. Remember my stress earlier on measuring micro-outcomes?). Framing the Opportunity.

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Leveraging Data Analytics in the Fight Against Prescription Opioid Abuse

Cloudera

Since the 1990s, opioid abuse in the US skyrocketed to the point that in 2017 the Department of Health and Human Services declared the opioid crisis a public health emergency. With the Controlled Substance Analytics platform online, KMC has eliminated manual data collection and streamlined data processing.

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Digital listening reveals 3 leading innovation drivers

CIO Business Intelligence

higher [in 2022] than in 2017.” The inherent capabilities of AI–to process vast amounts of data and use learned intelligence to make decisions with extraordinary speed–enable opportunities uncovered through digital listening. McKinsey & Company’s 2022 Global Survey on AI says , “AI adoption globally is 2.5x

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ML internals: Synthetic Minority Oversampling (SMOTE) Technique

Domino Data Lab

Working with highly imbalanced data can be problematic in several aspects: Distorted performance metrics — In a highly imbalanced dataset, say a binary dataset with a class ratio of 98:2, an algorithm that always predicts the majority class and completely ignores the minority class will still be 98% correct. Machine Learning, 57–78.