Beware the Models

“But….all of our models have accuracies above 90%…our system should be working perfectly!” Those were the words spoken by the CEO of a mid-sized manufacturing company. These comments were made during a conversation about their various forecasting models and the poor performance of those models. This CEO had spent about a million dollars over the […]

Are your machine learning models good enough?

Imagine you’re the CEO of XYZ Widget company.  Your Chief Marketing Officer (CMO),  Chief Data Officer (CDO) and Chief Operations Officer (COO) just finished their quarterly presentations and were highlighting the success from the various machine learning projects that have been in the works. After the presentations were complete, you begin to wonder – ‘are […]