In 2011, Insurance giant Allstate, with forty of the best actuaries and data scientists money could buy, wanted to see if its claims algorithm could … - Salim Ismail
" "In 2011, Insurance giant Allstate, with forty of the best actuaries and data scientists money could buy, wanted to see if its claims algorithm could be improved upon, so it ran a contest on Kaggle.
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One exemplar of that pending disruption is teenager Jack Andraka, who at the age of fourteen single-handedly developed an early-stage detection test for pancreatic cancer that costs just three cents. His approach (awaiting peer review) is 26,000 times cheaper, 400 times more sensitive, and 126 times faster than today's diagnostics. Big Pharma has no idea how to deal with Jack, who is one of many wunderkinds emerging globally, all of them with the potential to disrupt great companies and long-established industries. The Jacks of the world bring exponential
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