Category Archives: AI
AI / Machine learning (ML) Model Governance Framework
AI / Machine learning (ML) based solutions / applications have become increasingly important in business and industry. However, with the power to make decisions that can impact people’s lives comes a responsibility to use those tools ethically and responsibly. The machine learning model governance framework is designed to help businesses do just that. In this blog, you will learn about the AI / Machine Learning Model Governance framework, its benefits, and how you can implement it in your organization. What is AI / Machine learning (ML) model governance and why its important? Machine learning model governance is a set of process and related tools & frameworks that the businesses need …
Data-centric vs Model-centric AI: Concepts, Examples
There is a lot of discussion around AI and which approach is better: model-centric or data-centric. In this blog post, we will explore both approaches and give examples of each. We will also discuss the benefits and drawbacks of each approach. By the end of this post, you will have a better understanding of both AI approaches and be able to decide which one is right for your business! As product managers and data science architects, you should be knowledgeable about both of these AI approaches so that you can make informed decisions about the products and services you build. Model-centric approach to AI Model-centric approach to AI is about …
Decision Science & Data Science – Differences, Examples
Decision science and Data Science are two data-driven fields that have grown in prominence over the past few years. Data scientists use data to arrive at the truth by coming up with conclusions or predictions about things like customer behavior and assess suitability of those conclusions / predictions, while decision scientists combine data with other information sources to make decisions and assess suitability of those decisions for enterprise-wide adoption. The difference between data science and decision science is important for business owners to understand in clear manner in order to leverage the best of both worlds to achieve desired business outcomes. In this post, you will learn about the concepts …
Linear vs Non-linear Data: How to Know
In this post, you will learn the techniques in relation to knowing whether the given data set is linear or non-linear. Based on the type of machine learning problems (such as classification or regression) you are trying to solve, you could apply different techniques to determine whether the given data set is linear or non-linear. For a data scientist, it is very important to know whether the data is linear or not as it helps to choose appropriate algorithms to train a high-performance model. You will learn techniques such as the following for determining whether the data is linear or non-linear: Use scatter plot when dealing with classification problems Use …
Insurance Machine Learning Use Cases
As insurance companies face increasing competition and ever-changing customer demands, they are turning to machine learning for help. Machine learning / AI can be used in a variety of ways to improve insurance operations, from developing new products and services to improving customer experience. It would be helpful for product manager and data science architects to get a good understanding around some of the use cases which can be addressed / automated using machine learning / AI based solutions. In this blog post, we will explore some of the most common insurance machine learning / AI use cases. Stay tuned for future posts that will dive into each of these …
Invoice Processing Machine Learning Use Cases
Invoice processing is a critical part of any business. It’s the process of creating, managing, and paying invoices. Without invoice processing, businesses would have a difficult time keeping track of their finances. There are many different invoice processing use cases. For example, businesses can use invoice processing to keep track of customer payments, manage vendor contracts, and streamline their accounting processes. Invoice processing can also be used to detect fraud and prevent errors. Machine learning / AI can be used to improve invoice processing in a number of ways. As a product manager, it will be helpful to understand these use cases and how machine learning can be used to …
Healthcare & Machine Learning Use Cases / Projects
AI & Machine learning is being used more and more in the healthcare industry. This is because it has the potential to improve patient outcomes, make healthcare more cost-effective, and help with other important tasks. In this blog post, we will discuss some of the healthcare & AI / machine learning use cases that are currently being implemented. We will also talk about the benefits of using machine learning in healthcare settings. Stay tuned for an exciting look at the future of healthcare! What are top healthcare challenges & related AI / machine learning use cases? Before getting into understand how machine learning / AI can be of help in …
Marketing Analytics Machine Learning Use Cases
If you’re like most business owners, you’re always looking for ways to improve your marketing efforts. You may have heard about marketing analytics and machine learning, but you’re not sure how they can help you. Marketing analytics is an essential tool for modern marketers. In this blog post, we will discuss some of the ways marketing analytics and AI / machine learning / Data science can be used to improve your marketing efforts. We’ll also give some real-world examples of how these technologies are being used by businesses today. So, if you’re ready to learn more about marketing analytics and machine learning, keep reading! What is marketing and what are …
What is Human Data Science?
There’s a lot of buzz around the term “human data science.” What is it, and why should you care? Human data science is a relatively new field that combines the study of humans with the techniques of data science. By understanding human behavior and using big data techniques, unique and actionable insights can be obtained that weren’t possible before. In this blog post, we’ll discuss what human data science is and give some examples of how it’s being used today. What is human data science? Human data science is the study of humans using data science techniques. It’s a relatively new field that is growing rapidly as we learn more …
Cash Forecasting Models & Treasury Management
As a business owner, you are constantly working to ensure that your company has the cash it needs to operate. Cash forecasting is one of the most important aspects of treasury management, and it’s something that you should be paying attention to. Cash forecasting is a great example of where machine learning can have a real impact. By using historical data, we can build models that predict future cash flow for a company. This enables treasury managers to make better decisions about how to allocate resources and manage risks. As data scientists or machine learning engineers, it is important to be able to understand and explain the business value of …
Artificial Intelligence (AI) for Telemedicine: Use cases, Challenges
In this post, you will learn about different artificial intelligence (AI) use cases of Telemedicine / Telehealth including some of key implementation challenges pertaining to AI / machine learning. In case you are working in the field of data science / machine learning, you may want to go through some of the challenges, primarily AI related, which is thrown in Telemedicine domain due to upsurge in need of reliable Telemedicine services. What is Telemedicine? Telemedicine is the remote delivery of healthcare services, using digital communication technologies. It has the potential to improve access to healthcare, especially in remote or underserved communities. It can be used for a variety of purposes, including …
Digital Healthcare Technology & Innovations: Examples
Digital healthcare technology is making waves in the medical community. It has the potential to change the way we approach healthcare, and it is already starting to revolutionize the way patients are treated. In this blog post, we will explore some of the most exciting digital healthcare technologies including AI / machine learning & blockchain based applications, initiatives and innovations. We will also take a look at some real-world examples of how these technologies are being used to improve patient care. Digital health refers to the use of digital technology to improve the delivery of healthcare services. Connected health (also known as i-health) is a term that encompasses all digital …
Scatter plot Matplotlib Python Example
If you’re a data scientist, data analyst or a Python programmer, data visualization is key part of your job. And what better way to visualize all that juicy data than with a scatter plot? Matplotlib is your trusty Python library for creating charts and graphs, and in this blog we’ll show you how to use it to create beautiful scatter plots using examples and with the help of Matplotlib library. So dig into your data set, get coding, and see what insights you can uncover! What is a Scatter Plot? A scatter plot is a type of data visualization that is used to show the relationship between two variables. Scatter …
Why AI & Machine Learning Projects Fail?
AI / Machine Learning and data science projects are becoming increasingly popular for businesses of all sizes. Every organization is trying to leverage AI to further automate their business processes and gain competitive edge by delivering innovative solutions to their customers. However, many of these AI & machine learning projects fail due to various different reasons. In this blog post, we will discuss some of the reasons why AI / Machine Learning / Data Science projects fail, and how you can avoid them. The following are some of the reasons why AI / Machine learning projects fail: Lack of understanding of business problems / opportunities Ineffective solution design approaches Lack …
What is Explainable AI? Concepts & Examples
What is explainable AI (XAI)? This is a question that more people are asking, as they become aware of the potential implications of artificial intelligence. Simply put, explainable AI is the form of AI that can be understood by humans. It is AI that provides an explanation for its decisions and actions. It provides humans with the ability to explain how decisions are made by machines. This helps people trust and understand what’s happening, instead of feeling like their information is being taken advantage of or used without their permission. This is important, as many people are concerned about the increasing use of AI in our lives, especially in healthcare. …
Different Success / Evaluation Metrics for AI / ML Products
In this post, you will learn about some of the common success metrics that can be used for measuring the success of AI / ML (machine learning) / DS (data science) initiatives / projects / products. If you are one of the AI / ML stakeholders including product managers, you would want to get hold of these metrics in order to apply right metrics in right business use cases. Business leaders do want to know and maximise the return on investments (ROI) from AI / ML investments. Here is the list of success metrics for AI / DS / ML initiatives: Business value metrics / key performance indicators (KPIs): Business …
I found it very helpful. However the differences are not too understandable for me