There’s a fundamental problem with the typical machine learning model-development process: It evaluates models in terms of technical metrics like AUC, precision, or F-score, rather than business metrics like profit or savings - the stuff that actually matters to the company.
In this session, Gooder AI CEO Eric Siegel will demonstrate a new software category: ML valuation.
Why broaden ML evaluation to also include ML valuation? Because if you’re not measuring business value, you’re not pursuing business value. With ML valuation, you can explicitly navigate your modeling process toward monetary value.
Moreover, technical metrics fail to convince stakeholders to operationalize your model - they don’t care about AUC. With a business-user console that serves up business metrics, your stakeholder can make informed decisions to authorize model deployment.
Learn how to valuate any ML model with an interactive visualization to navigate your ML projects.
Speaker Profile
Eric Siegel Ph.D., is a former Columbia University professor who helps companies deploy machine learning. He is the cofounder and CEO of Gooder AI, the founder of the long-running Machine Learning Week conference series, the instructor of the acclaimed online course “Machine Learning Leadership and Practice – End-to-End Mastery,” executive editor of The Machine Learning Times, and a frequent keynote speaker. He wrote the bestselling Predictive Analytics: The Power to Predict Who Will Click, Buy, Lie, or Die, which has been used in courses at hundreds of universities, as well as The AI Playbook: Mastering the Rare Art of Machine Learning Deployment. Eric’s interdisciplinary work bridges the stubborn technology/business gap. At Columbia, he won the Distinguished Faculty award when teaching the graduate computer science courses in ML and AI. Later, he served as a business school professor at UVA Darden. A Forbes contributor, Eric publishes op-eds on analytics and social justice.
Eric has appeared on Bloomberg TV and Radio, BNN (Canada), Israel National Radio, National Geographic Breakthrough, NPR Marketplace, Radio National (Australia), and TheStreet. A Forbes contributor, Eric and his books have been featured in BBC, Big Think, Businessweek, CBS MoneyWatch, Contagious Magazine, The European Business Review, Fast Company, The Financial Times, Fortune, GQ, Harvard Business Review, The Huffington Post, The Los Angeles Times, Luckbox Magazine, MIT Sloan Management Review, The New York Review of Books, The New York Times, Newsweek, Quartz, Salon, The San Francisco Chronicle, Scientific American, The Seattle Post-Intelligencer, Trailblazers with Walter Isaacson, The Wall Street Journal, The Washington Post, and WSJ MarketWatch.
Instructor
Eric Siegel