The excitement over machine learning and AI has reached a fever pitch. But what is the value, the function, the purpose? The most actionable win to be gained from data is prediction. This is achieved by analytically learning from data how to render predictions for each individual. Such predictions drive more effectively the millions of operational decisions that organizations make every day. In this keynote, Machine Learning Week founder and bestselling author Eric Siegel reveals how machine learning – aka predictive analytics – works and the ways in which it delivers value to organizations across industry sectors.
The greatest tool is the hardest to use. Machine learning is the world’s most important general-purpose technology – but it’s notoriously difficult to launch. Outside Big Tech and a handful of other leading companies, machine learning initiatives routinely fail to deploy, never realizing value. What’s missing? A specialized business practice suitable for wide adoption. In this keynote, bestselling author Eric Siegel presents the gold-standard, six-step practice for ushering machine learning projects from conception to deployment. And he illustrates the practice with stories of success and of failure, including revealing case studies from UPS, FICO, and prominent dot-coms.
Industry leader Eric Siegel's latest research shows most models generated with machine learning to improve business operations in a new way never deploy. It turns out that machine learning operationalization – which changes existing processes in order to improve them – takes a lot more planning, socialization, and change-management efforts than most ever begin to realize. The problem is more in leadership than in technology. In this talk, Eric will outline the required practice needed to run ML projects so that they successfully deploy and deliver a business impact.
The gold standard method for leveraging data to reduce risk – in credit, insurance, and other lines of business – is machine learning. The predictive models this technology generates reduce risk, cut costs, and boost profit. In this keynote address, bestselling author and former Columbia University professor Eric Siegel will clearly demonstrate exactly what is learned from data and how enterprises apply what's learned to improve the business metrics that matter most in the financial services sector.
Machine learning has an “AI” problem. With new breathtaking capabilities from generative AI released every several months — and AI hype escalating at an even higher rate — it’s high time we differentiate most of today’s practical ML projects from those research advances. Including all ML initiatives under the “AI” umbrella oversells and misleads, contributing to a high failure rate for ML business deployments. In this keynote address, bestselling author Eric Siegel shows that, for most ML projects, the term “AI” goes entirely too far — it alludes to human-level capabilities. By unpacking the meaning of “AI,” he'll reveal just how overblown a buzzword it is.
ARTICLE: Data science and predictive analytics’ explosive popularity promises meteoric value, but a common misapplication readily backfires. The number crunching only delivers if a fundamental – yet often omitted – fail-safe is applied.
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