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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. For instance, the 2000 Honda Civic is the most stolen car in America and the Mitsubishi Mirage (in the 2013-2017 model range) has the most fatal crashes. With the technology available today, there’s even more data to draw from.

Insurance 113
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How companies are building sustainable AI and ML initiatives

O'Reilly on Data

A recent survey investigated how companies are approaching their AI and ML practices, and measured the sophistication of their efforts. On the other hand, we wanted to measure the sophistication of their use of these components. On one hand, we wanted to see whether companies were building out key components.

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What are model governance and model operations?

O'Reilly on Data

A catalog of validation data sets and the accuracy measurements of stored models. Measuring online accuracy per customer / geography / demographic group is important both to monitor bias and to ensure accuracy for a growing customer base. Metadata and artifacts needed for a full audit trail.

Modeling 200
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Give up those Measures and Metrics to Succeed – Really

Andrew White

The period was between 1961 and 2017, when Hong Kong grew from about a quarter as rich as the UK to almost 40%. If bureaucrats start to measure something, it won’t be long before they start to meddle in it. In data and analytics we all know the phrase, ‘you can’t manage what you don’t measure’. For example, GDP was not tracked.

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Swiss energy services company uses machine learning to see the future

CIO Business Intelligence

But because electricity consumption was easy to gauge, there was no urgency for measuring current and low voltage power flows. That changed in 2017 when Swiss voters approved an energy act that would reduce the country’s dependency on fossil fuels by 2050. Without real-time power measurements, estimated power values were being used.

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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. Researchers and practitioners have been using human-labeled data for many years, trying to understand all sorts of abstract concepts that we could not measure otherwise. That’s the focus of this blog post.

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INE Security Enables CISOs to Secure Board Support for Cybersecurity Training

CIO Business Intelligence

CISOs are increasingly anxious because while they realize the ax will fall on them when the inevitable breach occurs, securing boardroom support for heavy investment in preventative measures, like training, is challenging in a world where revenue is demanded for each dollar spent. “The million compared to those with lower levels.