2min snip

unSILOed with Greg LaBlanc cover image

437. Aligning Data Science and Machine Learning for Business Success feat. Eric Siegel

unSILOed with Greg LaBlanc

NOTE

Measuring Business Value in Model Evaluation

The focus in model evaluation should not only be on technical metrics like recall and accuracy, but also on measuring the potential business value that the model can deliver. Without estimating the business value accurately, stakeholders are unable to make informed decisions and might end up abandoning projects prematurely due to insufficient visibility on the expected impact.

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