FCA urged to elevate 'shockingly bad' quality of data use

Using data

The Financial Conduct Authority must tackle the “shockingly bad” use of data in insurance by setting qualification requirements for scientists working in the industry, according to Tom Murphy, founder and chief technology officer of Machine Learning Programs.

Murphy said he has acted as a consultant for most of the major insurers, and without fail almost all top executives admit privately that they aren’t doing as much data science as they publicly declare

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