Businesses of all sizes are working to apply AI to their biggest challenges and most exciting opportunities. But they’re running into a severe headwind: lack of AI talent. In a Gartner survey of 3,000 enterprise CIOs from around the world, 54 percent identified skills shortages as their biggest AI challenge. To help enterprises move ahead with AI, DataRobot’s automated machine…

Kevin Doyle, October 2020 In 2012, Thomas H. Davenport and D.J. Patil published an article in the Harvard Business Review entitled Data Scientist: The Sexiest Job of the 21st Century. This was it. My time had come. I was seven years into my data science career, scoping, building, and deploying models across retail, health insurance,  banking, and other industries. I…

Data comes in all shapes and sizes. Just like our daily decision-making processes, the more points of view we have, the better the potential outcome. For example, when considering a hospital readmission dataset, we can use traditional features, such as patients’ gender, readmission date, and the number of previous lab procedures. In order to strengthen the artificial intelligence (AI) models…

Insurance pricing is a never-ending battle. With the advent of comparative raters in the P&C insurance market, prospects can compare prices on many companies instantly, and, not surprisingly, they usually choose the lowest offer. Inaccurate pricing is costly for insurance companies: it improves competitors’ customer base, reduces customer retention, and attracts risky customers. This is why actuaries spend hours on…

“Divide and rule,” or “divide and conquer” in its original Latin, is attributed to Julius Caesar and refers to the conquest of Gaul in the 1st century BC. The saying can be understood in the context of the interests of a conqueror mindset but also has some political and sociological meaning. According to Wikipedia, one of those meanings is “gaining…

Given the interest in and adoption of AI, data science, and machine learning from organizations around the world, it’s no wonder that leading analyst firms are evaluating this market with dedicated research. Today, we’re pleased to share that we’ve just been named a Leader in the IDC MarketScape: Worldwide Advanced Machine Learning Software Platforms 2020 Vendor Assessment, a new report…

With the 2020 World Series underway, most MLB teams have shifted to their off-season priorities of building their 2021 squad, as well as making improvements to the way they manage their baseball operations in the front office. Baseball analytics departments are a bigger part of that group now, so I offer this look at getting the most out of that…

The AI Experience EMEA Virtual Conference is just three weeks away, and Team DataRobot couldn’t be more excited about what our speakers have in store for our virtual audience. Conference attendees will walk away with pragmatic ideas for how to accelerate time to impact and value for AI, and practical strategies to implement those ideas within their organizations — all…

This was going to be a four-part blog series. I figured that I’d covered most of what financial markets participants might be interested in hearing about when it comes to AI in the markets (and had probably bored the audience for long enough, all things considered). Then we did a webinar on the topic together with FactSet, had a great…