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Tag Archives: Artificial Intelligence

Shining some Light on the Black Box that is ML You’ve probably heard that Machine Learning (ML from here) can be highly predictive and sophisticated. Unlike stochastic models, ML algorithms do not rely on any underlying assumptions about the data, …

An insurance company processes millions of claims, knowing that some of these might be fraudulent. Fraudulent claims that get paid out can cause insurance companies unnecessary and sometimes massive losses. One question that is often posed, and one that is …