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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...A New Generation of Compliance Professionals: Data Scientists Jennifer Lewis Priestley, Ph.D. Associate Dean and Professor

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Page 1: 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

CEFLI Annual Conference

Nashville, TN

September 11-13, 2019

A New Generation of Compliance

Professionals: Data Scientists

Page 2: 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

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

2

Page 3: 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

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Data Science: (United States)

Page 4: 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

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Searches on Dunkin Doughnuts versus Data Science

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

Page 5: 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

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

Page 6: 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

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2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Zett

abyt

es o

f Dat

a

Structured Versus Unstructured Data Generated by Year

STRUCTURED

UNSTRUCTURED

Page 7: 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

Lets be more specific about the data…

Cross Sectional StreamingImage/Video

Geo Spatial Networks Text

Page 8: 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

FinanceRetail

Healthcare

Economics

Manufacturing

ConsultingInsurance

Everyone is chasing the same talent…

Page 9: 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

“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?

Page 10: 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

The Rise of a New Discipline

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

Page 11: 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

How Academia is Evolving…

Page 12: 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
Page 13: 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

The Rise of a New Discipline

0 2 4 6 8 10 12 14 16

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

Page 14: 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

Bachelor9%

Master43%

Ph.D.48%

Practicing Data Scientists by Education Level

Source: 2018 Burtchworks Data Science Study

Page 15: 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

Academically, Is Data Science Treated as a Hub?

Analytics and Data Science

Business School

Computer Science

Health Care

Social Sciences

Page 16: 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

Or… Is Data Science Treated as a Spoke?

Analytics and Data Science

Engineering

Health Care

Social Sciences

Business School

Page 17: 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

Thinking about data differently…

Page 18: 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

New Issues Related to Credit Risk Scoring

Page 19: 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

New Issues Related to Credit Risk Scoring

Page 20: 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

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

Page 21: 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

How does Kabbage work?

Page 22: 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

How should data be valued?

Page 23: 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

23

How do we think about Ethics?

Page 24: 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

How do we think about Ethics?

Page 25: 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

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.

Page 26: 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
Page 27: 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

China’s Social Credit System – Is it Ethical?

Page 28: 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

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

Page 29: 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

Four things universities want from collaborators…

ExperientialLearning

Research Products

FundingAdvisory Boards

Page 30: 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

Getting Started…

Dean

Faculty Member

Center/Institute Director

Corporate Liaison

Page 31: 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

Engagement Options…

Internships/Co-Ops

Capstone Course/Project

Sponsored Research Lab

Advisory Board

Page 32: 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

Jennifer Lewis Priestley, [email protected]

datascience.kennesaw.edu

Page 33: 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

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Compliance & Ethics Forum for Life Insurers

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