In this case study for Complexity Science, we aim to show its value addition through agent based modeling of an important insurance problem, i. e, underwriting cycle. Underwriting in Property-Casualty/General Insurance is where insurance underwriting follows and mimics the Economy and its cycles of boom and busts. These soft and hard market swings are a key source of challenge and volatility to insurers. The main value addition of…Continue
It is quite difficult at first to precisely define ‘Complexity Science’. It is a new perspective of methodology and modeling approaches that are based more on reality than assumptions. Quite simply put, Complexity Science is a new way to grasp and manage reality. It does not study systems in isolation like gambling dice or planetary motion only. It studies the complex, holistic, inter-connected reality in which we actually live such as financial stock…Continue
Topology is the mathematical study of the properties that are preserved through deformations, twistings, and stretchings of objects. Tearing, however, is not allowed. Topology can be used to abstract the inherent connectivity of objects while ignoring their detailed form. Put simply, Topology is a mathematical discipline that studies shape and assumes that shape has meaning. This post discusses topology’s applications in finance and insurance. While…Continue
This is a quick, short and concise tutorial on how to impute missing data. Previously, we have published an extensive tutorial on imputing missing values with MICE package. Current tutorial aim to be simple and user friendly for those who just starting using R.
I have created a simulated dataset, which you can load on your R environment by using the…
Monday newsletter published by Data Science Central. Previous editions can be found here. The contribution flagged with a + is our selection for the picture of the week.
Added by Vincent Granville on June 18, 2016 at 9:30am — No Comments
Canada will soon be passing legislation to allow for physician-assisted suicide. Sometime over the course of debate between our Parliament and Senate, I found what at the time seemed like a peculiar pattern of woodchips in the back of my pick-up. It was such an interesting image, I thought I would share it here. On closer inspection, I discovered that in fact I was looking at hundreds of tiny flower shafts and seeds.…Continue
Added by Don Philip Faithful on June 18, 2016 at 8:30am — No Comments
Source for picture: click here
This blog about series of videos was created by Kevin Markham. Kevin is a data science educator and the founder of Data School. He specializes in Python and machine learning. He has hundreds of hours of experience as a data science classroom instructor, and thousands of hours of experience developing high-quality data science educational materials.…Continue
Added by Emmanuelle Rieuf on June 17, 2016 at 2:30pm — No Comments
This blog about machine learning was written by Emily Barry. Emily is a Data Scientist in San Francisco, California. She really loves emoji. Another thing she loves is data science. The more she learns about machine learning algorithms, the more challenging it is to keep these subjects organized in her brain to recall at a later time. So, she decided to marry these two loves in as productive a fashion…Continue
2014 was a watershed moment in Indian politics for a variety of reasons. The foremost one was the stupendous victory of the Narendra Modi led NDA in the 2014 Lok Sabha elections. Modi managed to win 282 seats for his party in the elections, the first time in 30 years that a political party had come to power with absolute majority.
Several reasons have been attributed to this victory. Political analysts have spent hours in TV newsroom debates discussing the reasons for this victory.…Continue
Added by Tanmay Bhandari on June 16, 2016 at 9:00pm — No Comments
Your Step-By-Step Guide To Learning R Programming.
Do you want to learn R Programming?
Do you get overwhelmed by complicated lingo and want a guide that is easy to follow, detailed and written to make the process enjoyable?
If so, “R: Easy R Programming for Beginners - Your…Continue
Added by Emmanuelle Rieuf on June 16, 2016 at 10:30am — No Comments
Introducing Data Science teaches you how to accomplish the fundamental tasks that occupy data scientists. Using the Python language and common Python libraries, you'll experience firsthand the challenges of dealing with data at scale and gain a solid foundation in data science.
About the Technology
Many companies need developers with data science skills to work on projects ranging from social media marketing to machine learning. Discovering…Continue
Added by Emmanuelle Rieuf on June 16, 2016 at 10:00am — No Comments
This is a small selection from our webinar series, featuring cases studies, IoT and machine data, Hadoop and distributed architectures, visualization and story telling, predictive analytics, and more.
Added by Vincent Granville on June 15, 2016 at 8:01am — No Comments
During a session of the 46th session of the UN Statistical Commission on the the post-2015 development agenda, UN Deputy Secretary-General Jan Eliasson said data will be the “lifeblood of decision-making and the raw material for accountability” in the new agenda and called for a statistical framework that would meet such expectations (…Continue
This article was posted by Bethany Cartwright. Bethany is the blog team's Data Visualization Intern. She spends most of her time creating infographics and other visuals for blog posts.
Whether you’re writing a blog post, putting together a presentation, or working on a full-length report, using data in your content marketing strategy is a must. Using data helps enhance your arguments by make your writing more compelling. It gives your readers context. And it…Continue
Added by Emmanuelle Rieuf on June 14, 2016 at 2:00pm — No Comments
This article was written by Dr. Randal S. Olson from his own blog. Dr. Randal S. Olson is a postdoctoral researcher working with Prof. Jason H. Moore at the University of Pennsylvania Institute for Biomedical Informatics. He specializes in artificial intelligence, machine learning, and data visualization, and regularly write about his latest work on his personal blog.
One oft-cited problem with Computer Science is its glaring…Continue
Added by Emmanuelle Rieuf on June 14, 2016 at 11:40am — No Comments
Added by Adnan Masood, PhD. on June 14, 2016 at 6:49am — No Comments
CIO recently published an article that highlighted a survey that was revealing. The survey, conducted in April and May, included 150 executives, from large companies of over 5,000 employees, with responsibility for making business decisions influenced by big data. The survey reports that 98 percent said their company encourages its employees to ground business…Continue
Added by Stephanie Tooker Jordan on June 13, 2016 at 6:30pm — No Comments
Summary: What changes in your analytics and Big Data stack would you have to make if you only had 10 milliseconds to make a decision? There’s an entire industry that has to live by that rule.
This is a great story about the collision of ecommerce, digital advertising, predictive analytics, and AI in a new digital battleground, the automation and optimization of advertising targeting and spend. Like so many interesting opportunities this new…Continue
Added by William Vorhies on June 13, 2016 at 3:15pm — No Comments
Recently I spoke with a Brand Director about how to find market space he can win and defend in the long run. The discussion shifted on the meaning of information and insights and, after an interesting debate on what’s insight at all, we found agreement by means of an example, which I’d like to present to you too.