Aida 181 - Study guides, Class notes & Summaries

AIDA 181 (Latest 2023/ 2024 Update) Big Data Analytics for Risk and Insurance Exam | Questions and Verified Answers| 100% Correct| Grade A Q: Computer output simulating human reasoning best describes which one of the following? Select one: A. Artificial intelligence B. Chatbots C. Machine learning D. Deep learning Answer: A Q: Annette is a claims adjuster with Midwestern Insurance (MI). MI recently invested in and established robotic process automation (RPA) in many of its...

AIDA 181 - Big Data Analytics for Risk and Insurance Exam Prep| Questions and Verified Answers| 100% Correct (Latest 2023/ 2024 Update) Q: machine learning Answer: AI in which computers continually teach themselves to make better decisions on previous results and new data Q: Artificial intelligence Answer: compute processing/output that simulates reasoning or knowledge Q: why do tech companies use AI Answer: Tech companies use this to "Solve problems or to ...

AIDA 181 - Big Data Analytics for Risk and Insurance Exam Prep | Questions and Verified Answers | 100% Correct (Latest 2024 / 2025 Update) Q: machine learning Answer: AI in which computers continually teach themselves to make better decisions on previous results and new data Q: Artificial intelligence Answer: compute processing/output that simulates reasoning or knowledge Q: why do tech companies use AI Answer: Tech companies use this to

AIDA 181 Questions with Correct Answer1.

AIDA 181 (Latest 2023/ 2024 Update) Big Data Analytics for Risk and Insurance Exam | Questions and Verified Answers| 100% Correct| Grade A importance of understanding traditional data analysis techniques - ANSWER remain important in providing information and solving business problems; form the foundation for the newer techniques

Insurers can benefit from - Answer-A framework they can use to approach problems through data analysis The important first step in a decision-making model is to - Answer-Define the problem Which one of the following is a way that insurers and risk managers can use data science to improve their results through data-driven decision making? - Answer-Discovering new relationships in data The first step in the data mining process is to - Answer-Understand what a business wants to achieve Which ...

big data - Answer-sets of data that are to large to be gathered and alayszed by traditional methods 5 Vs of big data - Answer-volume variety velocity veracity value volume - Answer-far larger (consumes more storage space) than traditional data stores variety - Answer-much of the data exists in multiple unstructured (this is defined later) formats velocity - Answer-speed at which the data arrives and the rate of evolution veracity - Answer-the completeness and accuracy is far less tradit...

AIDA 181 (Latest 2024 / 2025 Update) Big Data Analytics for Risk and Insurance Exam | Questions and Verified Answers | 100% Correct | Grade A Question: Computer output simulating human reasoning best describes which one of the following? Select one: A. Artificial intelligence B. Machine learning C. Deep learning D. Chatbots Answer: A Question: Annette is a claims adjuster with Midwestern Insurance (MI). MI recently invested in and established robotic process automation (RPA) ...

AIDA 181 Questions with Correct Answer