The Future of AI in Insurance

Statistical methods, on which all of this is based, have their limitations. That's why domain knowledge must be applied. I watched a conference presentation recently that perfectly illustrated this issue. The speaker said that if you train a deep learning system on a bunch of text and then you ask it the question, "What color are sheep?" it will tell you that sheep are black, and the reason is that even though we know as humans that most sheep are white, it's not something we talk about. It is implicit in our knowledge.