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Is Machine Learning a Threat to the Actuarial Profession?

Man vs. Machine: 10 years ago, I would never have guessed that I would be writing about this topic with such serious concern. Yet, some people are predicting that machine learning technology will produce a jobless future for certain professions, including actuaries.

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The crazy world of crypto currencies and ICOs

“An initial coin offering (ICO) is a means of crowdfunding the release of a new cryptocurrency. Generally, tokens for the new cryptocurrency are sold to raise money for technical development before the cryptocurrency is released. Unlike an initial public offering (IPO), acquisition of the tokens does not grant ownership in the company developing the new cryptocurrency. And unlike an IPO, there is little or no government regulation of an ICO.

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A New Face at Experfy: Q&A with Marketing Intern Tjitte Joosten

September 1st we had the pleasure of employing a new marketing intern at Experfy. We thought it would be a good idea to introduce him, since he will be partially responsible for the digital marketing at Experfy. This post provides a sneak peak into the next 4 months.

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The Role of AI in Assisting Customer Experience

The future of AI and what it transpires into, lies in the hands of those controlling the characteristics that bind this innovation. We can now imagine and think of ideas which might have made you a laughing stock a few years ago. From a computer system playing chess with the masters to driverless cars, the possibilities associated with AI are many. Considering the high skill levels of machines with AI, the technology can be used in numerous fields to expand human capabilities, to optimize the use of resources, and to enhance productivity.

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Artificial Intelligence Should Not Be Left Unsupervised

There is more than enough evidence to support why AI cannot be left unsupervised This does not necessarily mean that AI should be shunned, but it should be handled with care, for others reasons that include massive cyber-attacks which could affect financial markets and healthcare industries, potentially resulting in loss of financial records and even death due to malfunctioning computer hardware connected to the internet.

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Feeling Cut-off? Try Living on the Edge with IoT

We’re living in a time where everything from elevators to factory floors are becoming digitized and connected and businesses are using the Internet of Things (IoT) and cloud to turn their goldmine of data into insight that they can use to back better business decisions. But at the edge, those remote locations that I mentioned earlier, this data stays in the dark, untapped and unused.

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Are AI/Machine Learning/Deep Learning in Your Company’s Future?

insideHPC Media LLC conducted insideBIGDATA AI/Deep Learning audience survey to get readers thoughts about how they see AI, machine learning, and deep learning. When asked about what industries will see the most impact from AI, machine learning, and deep learning, respondents indicated—16% healthcare, 13% finance/insurance, 11% transportation, 11% IT, 10% energy, 10% manufacturing, 10% academic research, 9% retail, 7% government, and others.

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Blockchain’s Transformational Potential

Bblockchain technology is not limited to virtual currencies. Blockchain technology may prove to be a revolutionary way to speed up and verify many currently manual processes, as quickly as it takes to press a button on a keyboard. Many centralized processes can potentially be replaced with blockchain technology. One such area is the post-trade settlement process, where the new technology could enable the instant updating of ledgers in a synchronized and authenticated manner. This would create a real-time or near real-time clearing and settlement system that would bring it in line with the speed of trading.

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Please tell me, “How do I prove a Blockchain transaction is mine?”

Instead of an user id you get control via keys and signatures, signing transaction-addresses and with that you can prove it is yours. But with that you also have a new/different responsibility being in charge of your keys and related addresses. If you lose them, it is like losing a banknote, anyone can spend it no questions asked.

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AI is on Its Way to the Enterprise, Bringing Easy Analytics with It

Access to information is a prime example. Data analysts don’t just focus on the 20% of the high-value, high-impact work; they are the only people doing the other 80% of analytics work that is routine and low-value, but also necessary. There’s a reason BI teams are often called report factories. All of this is about to change, fortunately. We’re starting to see the same technologies that have revolutionized the consumer space make their way into business.

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Data Exchange Using Blockchain

Exchanging data will be primarily accommodated by a Blockchain broker that will ensure the systems are following the protocols of the new paradigm. It will be used for requesting data updates from providers and for broadcasting updates. It will be a challenge to create a new paradigm for application software development but no less challenging than rebuilding application frameworks over and over, rebuilding the same functionality in every system, or trying to integrate systems that were never designed to work together. Now is the time to seriously consider a new approach to application software. 

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Companies benefit from the Fourth Industrial Revolution, but do countries?

Enterprises who adopt innovative business models enabled by advanced 4IR technologies are in a class by themselves. The very lifeblood that fuels the 4IR is a disruptive mindset enabled by accessible and cheap technology—not necessarily favourable business environments or high marks in competitiveness factors. As such, innovative 4IR enterprises seem to have the ability to outperform the national economies they function in. But with a strong business environment, this success could very well translate into national competitiveness.

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Getting customer 'intent' data using AI

Whenever we got into a discussion with a prospect, the topic that has led to an exhaustive discussion has been “customer intent/buying intent”. Often, they ask “How does your tool identify the accounts that can be targeted now and the ones to nurture?”

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Machine Learning - Beyond the buzz!

Machine Learning and Data Science is one of the hottest topics of all the disciplines these days. It has created a lot of interest among the people. Machine Learning has immense potential and we keep seeing a lot of jaw dropping accomplishments day by day. Here I’ll share my understanding of the field and what would it take to make a career in Machine Learning/Data Science.

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Niche Applications of Artificial Intelligence in Healthcare

Artificial Intelligence has made its way to every field possible, steamrolling the processes along its way. One such field is healthcare. They say healthcare is a field that is not very rules based and a successful doctor is the one who leverages his/her experience to deal with complex and unseen cases. However, there are many low hanging fruits that are already being plucked by AI. This trend is being fueled by increasing digitization in healthcare data and advances in new algorithms. In this piece, we intend to give you a sneak peek into how AI is leading to improved healthcare for humanity. Below are some key examples of research areas and applications.

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Governments and Industries Worldwide Gear Up to the Disruptive Blockchain

The US House of Representatives has given the green light to the Blockchain technology, advocating that the new-era innovation be implemented as a “national policy for technology to promote consumers’ access to financial tools and online commerce to promote economic growth and consumer empowerment.”

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Big Data Will Be Biased, If We Let It

If I had a penny for every time I’ve heard “data doesn’t lie”…

For those of us who have the ever exciting and growing task of working with Big Data to help solve some of organization’s biggest inefficiencies, questions, or problems, perpetuating bias is a way too easy-to-make mistake, and we should all be familiarized with it by now.

For everyone else, here’s what going on:

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Twenty Five Big Data Terms Everyone Should Know

If you are new to the field, Big Data can be intimidating! With the basic concepts under your belt, let’s focus on some key terms to impress your date, your boss, your family, or whoever.

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We're Asking All the Wrong Questions About the Future of Jobs

Work is not what it used to be. The very concept of work has evolved considerably over the centuries, as newer technologies have become integrated into how we function individually as well as a society. 

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Please Tell Me, What is Blockchain and How Does It Work?

People ask me frequently, “Please tell me, what is blockchain and how does it work?” I have been using various approaches and media answering this question, whiteboards, paper and even beer-coasters, and recently created a single page canvas combining all my scribbles and drawings to answer this question. This works very well, with great response and I like to share it including the story that goes with it. Maybe it is somewhat technical but most people follow the explanation quite well and really feel that they have learned something.

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A Big Data Analyst or a Big Data Developer? What do you want to become?

The Experfy insights provide cutting-edge perspectives on Big Data and Analytics. Experfy’s unique ability to focus on business problems enables them to provide insights that are highly relevant to each industry. With its certification for Big Data Analysis and Big Data Science, Experfy can make you a master in these fields.

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Reinvention of the CLO as a Digital Leader in the Age of Artificial Intelligence

Digital transformation is a comprehensive process affecting every aspect of your organization. Are CLOs ready to re-invent themselves to upskill their employees?

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Blockchain Use Cases With a Disruptive Potential

The blockchain is a collection of technologies, just like bricks used in a construction. You can choose different bricks to place them collectively in various forms to produce your desired construction results. Similar is the case with the blockchain technologies. Like the use cases of bricks are many, the blockchain application use cases are many.

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Real World Applications of Blockchain

Blockchain lately has created enormous technological excitements driving far-fetched developments in the world. It all started with the creation of Bitcoin and other cryptocurrencies, or digital currencies. 

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