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ML Process (Automating Machine Learning (What is automated machine…

- - - - Any machine learning system that automates repetitive tasks necessary for machine learning
      - Beyond traditional programming, precise accurate fast
  - - - Salesforce Einstein
      - Customer lifetime value models Air BNB
        
        increased efficiency by orders of magnitude
        
        Reduce model error by 5%
  - - - SF Einstein
      - Wise.io
      - Distillery
    - - Open source
        
        Python
        
        R
      - Commercial
        
        Amazon ML
        
        Google Prediction API
  - - - Accuracy
        
        Most important criterion
      - Productivity
        
        constantly improving algorithms
      - Ease of use
        
        end user
      - Understanding and Learning
        
        Explain it
      - Resource Availability
      - Process transparency
      - Generalization
      - Recommended actions
- - - - includes models that have the correct factors
- - - - Subject matter experts
    - - Success and failure stem from them
    - - Sometimes time will be needed to determine
  - - - Insufficiently predictive
      - target leakage
      - rejected applicants who would have been great
    - - gender, racial discrimination playing factors?
      - Bias free is hard
      - Privacy
        
        Sensitive information being released
        
        outing people on FB
    - - Firm-culture prevents becoming "analytics competitors"
        
        Create it from the bottom up
      - Used for auxiliary functions like marketing, and HR
      - Top management drives analytics usage and importance
      - Fact based decision making
      - Data and analytics are performed, shared with partners, internally
      - Test and learn culture
    - - Black swan events
        
        flash crash
        
        May 6, 2010
        
        algorithm based trading
- - - - Impacts of problem
- - - - Predicts the category a case belongs to
    - - Target numeric values
- - - - trade journals, interviews, news etc