Insurance and Machine Learning

Risk and Insurance are words that go in sync with each other- one cannot live without the other. The insurance industry has always been dependent on various factors, the most important being statistics to know their customer’s and the market demand. Machine Learning(ML) and Artificial Intelligence (AI) has brought in a lot change in the way Insurance strategies are now being structured.
Besides predicting risks, ML and AI have now helped the Insurance industry to monitor, analyze not just their own strategies at one given time period, but keep a constant look out for changes that affect their customers, thereby keeping their policies attractive and thus halting retention.
To get that competitive edge, Insurers need to engage with Machine Learning (ML) to improve not just their business strategies but also tailor the insurance purchases to customer’s unique needs to bring in customer satisfaction.Continue reading

The Role of a Data scientist

A Data Scientist today is in much demand. But what does it take to become a Data Scientist? The kind of skill set and abilities required are not very different from what say a computer engineer would do- coding, programming, analyzing etc. However, a major winner is being ruthlessly analytical and data driven.

Learning and researching about the new Machine Learning models “out there in the market” makes the work of a Data Scientist different from the traditional software developer.  One needs to understand the problems of the clients, research on which model/s to be employed, research, and design and tweak Machine Learning models.

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Decoding Consciousness: Musings on intelligence-real and artificial

In her article, “Decoding Consciousness”, which first appeared in the souvenir of Dr. Parnekar Life Management Foundation, Singapore, Dr. Sharda Bapat, Head of AI, Healthcare at AlgoAnalytics, explores and expounds her thoughts about machine learning and “artificial consciousness”. She envisions hope that the collective intelligence can be directed towards harmony and synchronized development of human intellect,physical and psychological realities. But cautious, that the challenge is to create appropriate technologies that will restore natural equilibrium.  Read the full article here

Can machine learning make this happen?
What do you think? Dr. Sharda would be happy to read your thoughts shared here

 

 

Machine Learning & Retail Analytics

Machine Learning & Retail Analytics

Analytics in Retail has moved beyond just forecasting and making simple assumptions about customers. Machine learning and Artificial Intelligence (AI) has started to provide retailers with powerful tools. These tools are just beginning to bridge the gap between marketing automation and retail management consultation.

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