Machine Learning Times
Machine Learning Times
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Effective Machine Learning Needs Leadership — Not AI Hype
 Originally published in BigThink, Feb 12, 2024.  Excerpted from The...
Today’s AI Won’t Radically Transform Society, But It’s Already Reshaping Business
 Originally published in Fast Company, Jan 5, 2024. Eric...
Calculating Customer Potential with Share of Wallet
 No question about it: We, as consumers have our...
A University Curriculum Supplement to Teach a Business Framework for ML Deployment
    In 2023, as a visiting analytics professor...
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7 years ago
Predictive Analytics vs. Prescriptive Analytics

 We have all heard and seen the diagrams that relate to the evolution of analytics within the marketplace. Listed below is one such diagram which is probably familiar to most of you The above diagram represents this evolution as encompassing 4 stages (Descriptive Analytics, Diagnostics Analytics, Predictive Analytics, and Prescriptive Analytics). Much of the literature attempts to discuss the proportion of companies that are within each stage. Not surprisingly, most companies are still not at the normative stage of predictive analytics(well under 50%). By normative, I mean that the discipline of predictive analytics has become a critical business

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