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The Emperor's New Clothes, Part I

There is emerging hype about the application of artificial intelligence (AI) to mortality analysis, specifically the use of machine learning via neural networks.  In this note I provide a counter-example that illustrates why the human element is an absolutely indispensable part of actuarial work, and why I think it always will be.

Written by: Stephen RichardsTags: Filter information matrix by tag: machine learning, Filter information matrix by tag: neural networks, Filter information matrix by tag: data validation, Filter information matrix by tag: data quality