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CEFLI Annual Conference Nashville, TN September 11-13, 2019 A New Generation of Compliance Professionals: Data Scientists

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CEFLI Annual Conference

Nashville, TN

September 11-13, 2019

A New Generation of Compliance

Professionals: Data Scientists

A New Generation of Compliance Professionals: Data Scientists

Jennifer Lewis Priestley, Ph.D.Associate Dean and Professor of Statistics

Executive Director, Analytics and Data Science InstituteKennesaw State University

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Data Science: (United States)

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Searches on Dunkin Doughnuts versus Data Science

Dunkin': (United States) Data Science: (United States)

How the Data Ecosystem is Evolving…

Small, Structured and Static

Descriptive StatisticsPredictive Modeling

Classification

Large, Unstructured and In Motion

Sensor-based/IoT

Machine Learning

Massive, Integrated and Dynamic

Deep Networks

Artificial Intelligence

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2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Zett

abyt

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f Dat

a

Structured Versus Unstructured Data Generated by Year

STRUCTURED

UNSTRUCTURED

Lets be more specific about the data…

Cross Sectional StreamingImage/Video

Geo Spatial Networks Text

FinanceRetail

Healthcare

Economics

Manufacturing

ConsultingInsurance

Everyone is chasing the same talent…

“Person who is better at statistics than any software engineer and better at

software engineering than any statistician” – Josh Wills, Director of Data

Engineering at Slack

“Person who is better at explaining the business implications of the results

than any scientist and better at science than any business school graduate”

Jennifer Priestley, Ph.D. Data Nerd

Who ARE these People?

The Rise of a New Discipline

Disclaimer: Any likeness to actual academic departments is unintentional (sort of)

How Academia is Evolving…

The Rise of a New Discipline

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Mathematics

Science

Engineering

Health

Statistics

Computer Science

Business College

Medicine/Public Health

BioInformatics

Center/Institute/Graduate College

University Location of Ph.D. Programs in Data Science

Bachelor9%

Master43%

Ph.D.48%

Practicing Data Scientists by Education Level

Source: 2018 Burtchworks Data Science Study

Academically, Is Data Science Treated as a Hub?

Analytics and Data Science

Business School

Computer Science

Health Care

Social Sciences

Or… Is Data Science Treated as a Spoke?

Analytics and Data Science

Engineering

Health Care

Social Sciences

Business School

Thinking about data differently…

New Issues Related to Credit Risk Scoring

New Issues Related to Credit Risk Scoring

What does Amazon know about me…and how could that be used?

How does Kabbage work?

How should data be valued?

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How do we think about Ethics?

How do we think about Ethics?

Ethics and Privacy – FDA for Data

Mission of the FDA:

The Food and Drug Administration is responsible for protecting the public health by ensuring the safety, efficacy, and security of human and veterinary drugs, biological products, and medical devices; and by ensuring the safety of our nation's food supply, cosmetics, and products that emit radiation.

China’s Social Credit System – Is it Ethical?

STAT CORE:✓ DATA MINING I✓ DATA MINING II✓ BINARY CLASSIFICATION✓ STAT ELECTIVES

CS CORE:✓ ALGORITHM DESIGN ✓ WEB AND TEXT MINING✓ MACHINE LEARNING✓ CS ELECTIVES

MATH CORE:✓ THEORY OF LINEAR MODELS✓ DISCRETE MATHEMATICS✓ GRAPH THEORY✓ MATHEMATICS FOR BIG DATA

OTHER:✓ CONSULTING CENTER✓ ETHICS/PRIVACY✓ DISSERTATION✓ TEACHING

Ph.D. in Data Science Curriculum

Four things universities want from collaborators…

ExperientialLearning

Research Products

FundingAdvisory Boards

Getting Started…

Dean

Faculty Member

Center/Institute Director

Corporate Liaison

Engagement Options…

Internships/Co-Ops

Capstone Course/Project

Sponsored Research Lab

Advisory Board

Jennifer Lewis Priestley, [email protected]

datascience.kennesaw.edu

© Copyright Allianz

Compliance & Ethics Forum for Life Insurers

www.cefli.org

© CEFLI 2019. All Rights Reserved.