How can I tell if my machine learning model is working for me? originally appeared on Quora: the place to gain and share knowledge, empowering people to learn from others and better understand the world. Businesses must eventually sustain themselves beyond external funding sources by turning profits. What's talked about less than ML itself is how one can leverage machine learned models to generate profits. I've got a whole sub-section of the book that shows how to account for the revenues and costs of building a machine learning system, using traditional accounting concepts. Essentially, data learning loops bring about profit and create investment opportunities for the AI-First vendor: better predictions can lead to more automation, which lowers operating costs, which in turn means more gross profit that can be invested in research and development (models and data), leading to better predictions, and so on.
May-17-2021, 18:31:08 GMT