An ever-increasing supply of data, and powerful modern computers that are able to exploit and analyse it, has led to the growth of the data science field. At its core is the concept of gaining insight from data, be it big or small. Data science techniques are employed in a wide variety of industries, from fashion retail to hedge funds.
Mark Lee and Matthew Evans provide an introduction to data science for actuaries. Learn about common machine-learning algorithms — including both supervised and unsupervised learning algorithms — and how they can be used for actuarial applications. In today’s competitive environment, data science could be used to supplement the tools that actuaries already have at their disposal and provide companies with that all-important edge.
Read the full article in The Actuary Magazine here.