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Old 01-05-2017, 12:35 PM
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jas66Kent jas66Kent is offline
Join Date: May 2012
Location: London
Favorite beer: Corona :)
Posts: 21,515
Default Fukoku Mutual Life Insurance Co: the beginning of the end of Actuaries?

The countdown to the day that Actuaries get replaced by machines has officially started.

They replaced 34 workers (that calculated payouts) with an IBM designed Watson Explorer AI.
“Stupidity is a more dangerous enemy of the good than malice. Against stupidity we are defenseless. Neither protests nor the use of force accomplish anything here; reasons fall on deaf ears; facts that contradict one’s prejudgment simply need not be believed – in such moments the stupid person even becomes critical – and when facts are irrefutable they are just pushed aside as inconsequential, as incidental. For that reason, greater caution is called for when dealing with a stupid person than with a malicious one".
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