Analytics and Ethical Data Science Insights
Explore the intersection of data science, analytics, and ethics through webinars and workshops led by industry experts. Discover problem types, methods, and the importance of ethical practices in driving forward the field of data science. Delve into philosophical discussions on intelligence, consciousness, and free will in the context of humans and machines.
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Presentation Transcript
4th Webinars on Data Science and Analytics 22nd May, 2020 (Friday) Data Science & the IFoA Michael Tripp, FIA, Partner at Mazars UK
Overview THE IFoA AND MODERN ANALYTICS 2015/2016 2017/2018 2019/2020 Council and Royal Statistical Society 4 brainstorm workshops Best practice project design Ethical principles Modelling, Analytics and Insights from Data working party GI initially, but cross domain Research, thoughts and scenarios International linkages Reported to Council Need for change MIG started Council Committee New qualification CPD Research Role of Actuaries in the future IFoA Strategy reposition the profession, member experience, international influence 2
Data Science.. Problem Types Time series predictions Knowledge Clustering Decisions Identifying Explanatory Variables Pattern recognition (including text) Optimisation Logistics GLM Cognitive reasoning Modelling Likely outcomes probabilities - - 3
Methods Maths & Neuroscience model assessment, selections, bias : train, test, validate GLMs, GAMS NLP (text) Bayesian Boosting Algorithms Supervised Regression Nearest neighbour Trees Machine learning Neural nets Boot strapping Penalised Regression K clustering Random forests Google page rank Prototypes Proprietary Algorithms Association Deep learning Principal Components Undirected graphics Unsupervised Black box Transparent 4
A Guide for Ethical Data Science The Institute & Faculty of Actuaries and Royal Statistical Society SEEK TO ENHANCE THE VALUE OF DATA SCIENCE FOR SOCIETY Synthesised from 4 workshops and wider discussion AVOID HARM APPLY AND MAINTAIN PROFESSIONAL COMPETENCE SEEK TO PRESERVE OR INCREASE TRUSTWORTHINESS MAINTAIN ACCOUNTABILITY AND OVERSIGHT
Humans or machines a philosophical or physics Question WHAT IS LIFE? Physics, Quantum Mechanics DOES AGENCY REQUIRE PHYSICAL CAUSATION? WHAT IS INTELLIGENCE ARTIFICIAL OR NATURAL CONSCIOUSNESS THE SOUL? AGENCY INTENTIONS, DECISIONS FREE WILL
What might this mean for the future of the actuarial profession? SOME (OR MUCH?) OF WHAT WE DO MAY BE AUTOMATED WHAT IS OUR UNIQUE ADDED VALUE? PROBLEM DEFINITION SOLUTION INTERPRETATION JUDGEMENT? LONGER TERM PERSPECTIVE COMMON SENSE? PROFESSIONAL STANDARDS Added Value The GROWTH Mindset
