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S3 | Ep 18 | How Not To Do Machine Learning and Why Organisations Are Getting it Wrong with Sarah Schlobohm, Head of AI at Kubrick Group

Driven by Data: The Podcast

CHAPTER

How to Quantify the ROI of a Data Analytics Project

I think in terms of the cost people tend to drastically underestimate that and that's a problem because then they'll find that their project doesn't deliver as much value is anticipated. You have to, you have to remember that there's both implementation and maintenance. And so I've seen many projects be budgeted for okay we've got this team of data scientists to get the model implemented. And they all leave the project when it ends. Then what somebody's going to maintain it someone's got to fix it if it breaks Somebody's got to retrain it if there's data drift. Right? So these are big one. It turns out figuring out what you put in each of those numerator

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