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  #31  
Old 11-30-2018, 06:19 PM
nonlnear nonlnear is offline
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Originally Posted by 2pac Shakur View Post
My favorite part:




I love it.
Data science is just a phase.
Shows how out of touch actuaries really are imo.

And what data scientists do is very different from what actuaries do.
This is career disruptor.
I wouldn't assume that she actually said data science is just a phase. Writers can twist things - often without meaning to, or even being aware that they are.

From the rest of what's written about what Campbell said, I think it's very clear that she most certainly does not think that data science itself is just a phase - any more than tech was just a phase. Tech is more ubiquitous than it ever was. The only thing that was just a phase about the tech bubble was the equity bubble. It popped, but tech is everywhere, and more important than it was at the height of the bubble. Ditto for DS IMO. When we look back on this period, the urge to leave a given field for DS because it's new and shiny will have been a phase. DS itself won't have been a phase at all; it just won't be a hot trend any more - because it will be everywhere.
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  #32  
Old 11-30-2018, 06:20 PM
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It happened to AI back in the 70s when it couldn't deliver (AI Winter). It's hot again now, though. Self-driving cars and all. Likewise there could be a DS Winter.
You know DS/AI is here to stay because even industries as glacial as insurance are picking it up.
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  #33  
Old 11-30-2018, 06:26 PM
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Originally Posted by nonlnear View Post
You know DS/AI is here to stay because even industries as glacial as insurance are picking it up.
We are definitely driving value from DS/AI/Advanced Analytics TODAY.

I agree that it will be ubiquitous in the future. More of a cost of doing business than a competitive advantage (which it may have been in the past).
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  #34  
Old 11-30-2018, 06:38 PM
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Originally Posted by nonlnear View Post
I wouldn't assume that she actually said data science is just a phase. Writers can twist things - often without meaning to, or even being aware that they are.

From the rest of what's written about what Campbell said, I think it's very clear that she most certainly does not think that data science itself is just a phase - any more than tech was just a phase. Tech is more ubiquitous than it ever was. The only thing that was just a phase about the tech bubble was the equity bubble. It popped, but tech is everywhere, and more important than it was at the height of the bubble. Ditto for DS IMO. When we look back on this period, the urge to leave a given field for DS because it's new and shiny will have been a phase. DS itself won't have been a phase at all; it just won't be a hot trend any more - because it will be everywhere.
This. That's obviously not a direct quote from Campbell. With the way the article's author mixed up other ideas incorporated into the piece, it's really no surprise that he twisted that, too.
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  #35  
Old 11-30-2018, 06:51 PM
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1. Looks like Pauline's last name is still getting censored by the AO. Is there some legit reason for this or just pettiness? I mean, I'm not saying they should stop, because it's funny petty. ******. R E I M E R. Re**er.
2. Odd comment that actuaries' "lack of speaking skills keeps them locked in bookish roles at insurers." I mean it's true that lack of speaking skills frequently keeps you locked in a bookish role, but that's true whether you're a boring actuary or a sexy data scientist. In my experience, there's a higher percentage of actuaries who are good enough communicators to make a go at management and other people-facing roles than those of who consider themselves data scientists.
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  #36  
Old 11-30-2018, 07:27 PM
2pac Shakur 2pac Shakur is offline
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"Actuaries have been doing data science for years," Mildenhall said, "but didn’t know to package it up as ‘data science.’ ”
Yup.

Data Science for years.
If you strip away creativity, coding skills, and any knowledge outside of very specialized insurance calculations.
Much like Domino's was doing Uber Eats for years before Uber Eats came along.
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  #37  
Old 11-30-2018, 07:34 PM
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Originally Posted by Kalani Sitake View Post
1. Looks like Pauline's last name is still getting censored by the AO. Is there some legit reason for this or just pettiness? I mean, I'm not saying they should stop, because it's funny petty. ******. R E I M E R. Re**er.
2. Odd comment that actuaries' "lack of speaking skills keeps them locked in bookish roles at insurers." I mean it's true that lack of speaking skills frequently keeps you locked in a bookish role, but that's true whether you're a boring actuary or a sexy data scientist. In my experience, there's a higher percentage of actuaries who are good enough communicators to make a go at management and other people-facing roles than those of who consider themselves data scientists.
Add to this that a prime-time TV show has an actuary who hates his boring job, every week. "A Million Little Things," I think. I liked it better when "actuary" was an unknown profession instead of the warped reality created by a TV writer (probably innumerate).
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  #38  
Old 11-30-2018, 07:43 PM
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Quote:
Originally Posted by Kalani Sitake View Post
1. Looks like Pauline's last name is still getting censored by the AO. Is there some legit reason for this or just pettiness? I mean, I'm not saying they should stop, because it's funny petty. ******. R E I M E R. Re**er.
If I recall correctly, this begab shortly before the volunteers who once ran the AO sold it to DW Simpson. I do not intend to suggest any cause/effect.
Only recently has it started again showing up in any of the threads I visit.

Quote:
2. Odd comment that actuaries' "lack of speaking skills keeps them locked in bookish roles at insurers." I mean it's true that lack of speaking skills frequently keeps you locked in a bookish role, but that's true whether you're a boring actuary or a sexy data scientist. In my experience, there's a higher percentage of actuaries who are good enough communicators to make a go at management and other people-facing roles than those of who consider themselves data scientists.
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  #39  
Old 11-30-2018, 08:50 PM
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No, that's not exactly what I said, but I've had this experience before so I will only laugh.

The first time such a thing happened to me, I was 18 and very indignant about being misquoted. Nobody but me cared.

I know that if I want to be quoted verbatim, I put it in a press release.
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  #40  
Old 11-30-2018, 09:40 PM
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Originally Posted by campbell View Post
No, that's not exactly what I said, but I've had this experience before so I will only laugh.

The first time such a thing happened to me, I was 18 and very indignant about being misquoted. Nobody but me cared.

I know that if I want to be quoted verbatim, I put it in a press release.
I did explicitly say "samurai-assassin" though.

-Riley
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