My data scientist friends tell me that machine learning has come a long way in recent years, and that the algorithms, tools, and techniques are much better than they were even a decade ago. This implies that it’s a young person’s field (and the crowd at Strata certainly bore that conclusion out). It also implies that large incumbent companies like Allstate might not be too good at it yet, and that the models they use would be considered old school by today’s data scientists.
Big data, big opportunity. Bring on Hadoop!