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Building data science products? Think business first!

Modern machine learning libraries are both a blessing and a curse. Due to the ease with which the libraries can be used, most users (newbies and practitioners alike) focus too much on tools and techniques. We will discuss the high-level thinking process of coming up with a machine learning algorithm by asking a business question before even thinking about the tools or technologies. Outline: • Why starting with technology is the wrong approach? Ask a business question and work your way backward • Choosing the right machine learning algorithm for your business problem • High-level thinking process in conceiving, implementing, deploying, and maintaining a machine learning system 0:00 Introduction 0:46 About the Speaker 1:10 Why This Talk? 2:05 Is a Highly Accurate Model Always Desirable? 2:23 The 'Data' Question 3:11 The 'Metric' Question 4:43 The 'Repeatability Question 6:31 The 'Business' Question 7:39 The 'Impact' Question 11:16 Modern ML Tools - A Blessing or a Curse? 13:20 Machine Learning Model Life Cycle 22:11 What is your biggest pain point? 23:07 Data beats algorithm 24:07 Dispelling a Common Myth 24:29 The 80/20 rule 25:09 Beg, borrow and steal 25:44 Building the model is only a small piece of the puzzle 26:43 The Importance of Data 27:45 Predictability of your model 27:56 Further Evaluation Data Set 29:23 Increasing the exposure of your model -- At Data Science Dojo, we believe data science is for everyone. Our data science trainings have been attended by more than 10,000 employees from over 2,500 companies globally, including many leaders in tech like Microsoft, Google, and Facebook. For more information please visit: https://hubs.la/Q01Z-13k0 💼 Learn to build LLM-powered apps in just 40 hours with our Large Language Models bootcamp: https://hubs.la/Q01ZZGL-0 💼 Get started in the world of data with our top-rated data science bootcamp: https://hubs.la/Q01ZZDpt0 💼 Master Python for data science, analytics, machine learning, and data engineering: https://hubs.la/Q01ZZD-s0 💼 Explore, analyze, and visualize your data with Power BI desktop: https://hubs.la/Q01ZZF8B0 -- Unleash your data science potential for FREE! Dive into our tutorials, events & courses today! 📚 Learn the essentials of data science and analytics with our data science tutorials: https://hubs.la/Q01ZZJJK0 📚 Stay ahead of the curve with the latest data science content, subscribe to our newsletter now: https://hubs.la/Q01ZZBy10 📚 Connect with other data scientists and AI professionals at our community events: https://hubs.la/Q01ZZLd80 📚 Checkout our free data science courses: https://hubs.la/Q01ZZMcm0 📚 Get your daily dose of data science with our trending blogs: https://hubs.la/Q01ZZMWl0 -- 📱 Social media links Connect with us:   / data-science-dojo   Follow us:   / datasciencedojo   Keep up with us:   / data_science_dojo   Like us:   / datasciencedojo   Find us: https://www.threads.net/@data_science... -- Also, join our communities: LinkedIn:   / 13601597   Twitter:   / 1677363761399865344   Facebook:   / aiandmachinelearningforeveryone   Vimeo: https://vimeo.com/datasciencedojo Discord:   / discord   _ Want to share your data science knowledge? Boost your profile and share your knowledge with our community: https://hubs.la/Q01ZZNCn0 #datascience #datascienceprojects

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