Machine Learning Based Predictive Analytics: A Use Case in Insurance Sector

2022 ◽  
pp. 155-162
Author(s):  
Hitesh Kumar Sharma ◽  
Tanupriya Choudhury ◽  
Teoh Teik Toe
Keyword(s):  
Machine Learning ◽  
Predictive Analytics ◽  
Use Case ◽  
Insurance Sector

scholarly journals Influence of AI and Machine Learning in Insurance Sector

2022 ◽  
Author(s):  
Nitin Prajapati
Keyword(s):  
Machine Learning ◽  
Big Data ◽  
Data Processing ◽  
Quantitative Research ◽  
Predictive Analytics ◽  
Big Data Analytics ◽  
Insurance Companies ◽  
Big Data Processing ◽  
Insurance Sector ◽  
Sector Analysis

The Aim of this research is to identify influence, usage, and the benefits of AI (Artificial Intelligence) and ML (Machine learning) using big data analytics in Insurance sector. Insurance sector is the most volatile industry since multiple natural influences like Brexit, pandemic, covid 19, Climate changes, Volcano interruptions. This research paper will be used to explore potential scope and use cases for AI, ML and Big data processing in Insurance sector for Automate claim processing, fraud prevention, predictive analytics, and trend analysis towards possible cause for business losses or benefits. Empirical quantitative research method is used to verify the model with the sample of UK insurance sector analysis. This research will conclude some practical insights for Insurance companies using AI, ML, Big data processing and Cloud computing for the better client satisfaction, predictive analysis, and trending.

Feature extraction and prediction of Dengue Outbreaks

2020 ◽  
pp. 216-222
Author(s):  
Kunal Parikh ◽  
Tanvi Makadia ◽  
Harshil Patel
Keyword(s):  
Public Health ◽  
Machine Learning ◽  
Developing Countries ◽  
Feature Extraction ◽  
Predictive Analytics ◽  
Learning Algorithm ◽  
Machine Learning Algorithm ◽  
Health Concerns ◽  
The World ◽  
Dengue Outbreaks

Dengue is unquestionably one of the biggest health concerns in India and for many other developing countries. Unfortunately, many people have lost their lives because of it. Every year, approximately 390 million dengue infections occur around the world among which 500,000 people are seriously infected and 25,000 people have died annually. Many factors could cause dengue such as temperature, humidity, precipitation, inadequate public health, and many others. In this paper, we are proposing a method to perform predictive analytics on dengue’s dataset using KNN: a machine-learning algorithm. This analysis would help in the prediction of future cases and we could save the lives of many.

Creating adaptive predictions for packaging-critical quality parameters using advanced analytics and machine learning

TAPPI Journal ◽  
2019 ◽  
Vol 18 (11) ◽  
pp. 679-689
Author(s):  
CYDNEY RECHTIN ◽  
CHITTA RANJAN ◽  
ANTHONY LEWIS ◽  
BETH ANN ZARKO
Keyword(s):  
Machine Learning ◽  
Real Time ◽  
Predictive Analytics ◽  
Paper Industry ◽  
Quality Parameters ◽  
Fast Change ◽  
The Face ◽  
Model Tuning ◽  
Reducing Costs ◽  
Time Critical

Packaging manufacturers are challenged to achieve consistent strength targets and maximize production while reducing costs through smarter fiber utilization, chemical optimization, energy reduction, and more. With innovative instrumentation readily accessible, mills are collecting vast amounts of data that provide them with ever increasing visibility into their processes. Turning this visibility into actionable insight is key to successfully exceeding customer expectations and reducing costs. Predictive analytics supported by machine learning can provide real-time quality measures that remain robust and accurate in the face of changing machine conditions. These adaptive quality “soft sensors” allow for more informed, on-the-fly process changes; fast change detection; and process control optimization without requiring periodic model tuning. The use of predictive modeling in the paper industry has increased in recent years; however, little attention has been given to packaging finished quality. The use of machine learning to maintain prediction relevancy under everchanging machine conditions is novel. In this paper, we demonstrate the process of establishing real-time, adaptive quality predictions in an industry focused on reel-to-reel quality control, and we discuss the value created through the availability and use of real-time critical quality.

Big data Predictive Analytics for Apache Spark using Machine Learning

2020 ◽  
Author(s):  
Muhammad Junaid ◽  
Shiraz Ali Wagan ◽  
Nawab Muhammad Faseeh Qureshi ◽  
Choon Sung Nam ◽  
Dong Ryeol Shin
Keyword(s):  
Machine Learning ◽  
Big Data ◽  
Predictive Analytics ◽  
Apache Spark

scholarly journals Construction of a quality model for machine learning systems

2021 ◽  
Author(s):  
Julien Siebert ◽  
Lisa Joeckel ◽  
Jens Heidrich ◽  
Adam Trendowicz ◽  
Koji Nakamichi ◽  
...  
Keyword(s):  
Machine Learning ◽  
Lessons Learned ◽  
Training Data ◽  
Use Case ◽  
Construction Process ◽  
Quality Model ◽  
Quality Models ◽  
Quality Properties ◽  
Reference Quality ◽  
Industrial Use

AbstractNowadays, systems containing components based on machine learning (ML) methods are becoming more widespread. In order to ensure the intended behavior of a software system, there are standards that define necessary qualities of the system and its components (such as ISO/IEC 25010). Due to the different nature of ML, we have to re-interpret existing qualities for ML systems or add new ones (such as trustworthiness). We have to be very precise about which quality property is relevant for which entity of interest (such as completeness of training data or correctness of trained model), and how to objectively evaluate adherence to quality requirements. In this article, we present how to systematically construct quality models for ML systems based on an industrial use case. This quality model enables practitioners to specify and assess qualities for ML systems objectively. In addition to the overall construction process described, the main outcomes include a meta-model for specifying quality models for ML systems, reference elements regarding relevant views, entities, quality properties, and measures for ML systems based on existing research, an example instantiation of a quality model for a concrete industrial use case, and lessons learned from applying the construction process. We found that it is crucial to follow a systematic process in order to come up with measurable quality properties that can be evaluated in practice. In the future, we want to learn how the term quality differs between different types of ML systems and come up with reference quality models for evaluating qualities of ML systems.

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