New York Tech Media
  • News
  • FinTech
  • AI & Robotics
  • Cybersecurity
  • Startups & Leaders
  • Venture Capital
No Result
View All Result
  • News
  • FinTech
  • AI & Robotics
  • Cybersecurity
  • Startups & Leaders
  • Venture Capital
No Result
View All Result
New York Tech Media
No Result
View All Result
Home AI & Robotics

Successful Machine Learning Development Requires a New Paradigm – Thought Leaders

New York Tech Editorial Team by New York Tech Editorial Team
August 1, 2022
in AI & Robotics
0
Successful Machine Learning Development Requires a New Paradigm – Thought Leaders
Share on FacebookShare on Twitter

By Victor Thu, president, Datatron

Initiatives using machine learning cannot be treated in the same manner as projects involving conventional software. It’s imperative to move quickly so that you can test things, fix issues and test them again. In other words, you must be able to fail quickly – and do so early on in the process. Waiting until later in this process to find issues can end up being very expensive and time-consuming.

AI requires a new approach

When developing software using the traditional method, you use decision logic. To be as precise as you can, you incorporate logic that enables the software to function properly. There (typically) is no need for changes after the application’s logic has been developed, other than bug fixes. It’s a very methodical development process; you advance gradually by making sure each step in the process is accurate before moving on to the next. It’s a tried-and-true strategy that has consistently demonstrated its effectiveness for software development.

However, you can’t use the same strategy for AI/ML projects because it simply won’t work. Instead, you need to have the capacity to iterate fast and frequently in order to find success with an ML project. Since ML requires initial training and is a process, you should approach it with the knowledge that it won’t be accurate the first time it is deployed.

This process calls for multiple iterations. The reality is that your first model will encounter unexpected results 99% of the time. Even if you spend months training your model in the lab, it will undoubtedly change once it encounters real-world data and traffic.

Don’t aim for immediate perfection

So then, in order to test a model and determine what modifications are required, you must be able to put it into production swiftly. You can then make any adjustments, release it again and refine it. For this reason, you shouldn’t put too much effort into trying to make your model flawless before testing it in production; the initial attempt won’t be perfect, and no one should expect it to be.

While the model is being developed in the lab, the additional improvements from 92% to 95% accuracy might not be significant for some use cases. Why not? Only a small portion of the training data has been used to train your AI model. You can end up investing a lot of time and money to obtain the extra bit of accuracy while foregoing the advantages your model might offer you in the meantime.

Effective steps in ML deployment

Because there is a chance that a model will fail or produce incorrect predictions, ML scientists are sometimes reluctant to put a model into production. It makes sense, to a degree. You need a system that enables you to view events as they happen in real time. With this approach, you can immediately pull and update your model and then swiftly release a new model. Instead of getting bogged down in “analysis paralysis,” this is the most efficient method for putting machine learning models into production.

It’s far preferable to just launch the model and let it to gain some life experience. This doesn’t eliminate the necessity for the data scientists to create the model as accurately as possible from the beginning. But as soon as you finish that initial version, you ought to start gathering that important data right away.

You might want to run your models in A/B testing mode or shadow mode against real-world data as part of this process. That way, you can basically compare the performances of the various models and have a lot of data and proof before choosing which model to promote or demote.

Building a localized model rather than concentrating on creating a single global model to forecast behavior for the macro environment is another best practice. With a local model, you may use data from specific situations so that the model behaves as it should for each of those scenarios. This saves time, data and effort compared to an all-encompassing model that would require a significant quantity of these resources to ensure it works.

Determining the demand for customized sneakers will serve as an illustration here. The global model might be applicable to the rest of North America if it were based on the population of New York City. Yet it would probably not accurately represent demand in other parts of the country. A localized model strategy would have allowed you to gain higher profit margins, which you are now losing out on.

Models require regular updating, of course. Models require ongoing updates because the environment’s data is always changing, in contrast to traditional software that can be set once and left alone. ML models deteriorate over time if they aren’t iterated on a regular basis. This must take place during the course of the model’s lifetime and must be carefully monitored.

Machine learning’s new paradigm

Comparing machine learning models to conventional software is unwise. However, ML experts gain from a rapid deployment technique for AI/ML models, just as software engineers have done with DevOps. For ML projects, you need a system that makes it possible to quickly launch models. You must be able to compare different models, effectively contrasting one that is live with one that isn’t. These and the other best practices mentioned above will assist you in bypassing analysis paralysis and failing quickly and early on so that you can scale your machine learning.

Credit: Source link

Previous Post

Loft partners with Docker to help users manage virtual Kubernetes clusters

Next Post

New DawDropper Malware Targeting Android Devices via Play Store

New York Tech Editorial Team

New York Tech Editorial Team

New York Tech Media is a leading news publication that aims to provide the latest tech news, fintech, AI & robotics, cybersecurity, startups & leaders, venture capital, and much more!

Next Post
New DawDropper Malware Targeting Android Devices via Play Store

New DawDropper Malware Targeting Android Devices via Play Store

  • Trending
  • Comments
  • Latest
Meet the Top 10 K-Pop Artists Taking Over 2024

Meet the Top 10 K-Pop Artists Taking Over 2024

March 17, 2024
Panther for AWS allows security teams to monitor their AWS infrastructure in real-time

Many businesses lack a formal ransomware plan

March 29, 2022
Zach Mulcahey, 25 | Cover Story | Style Weekly

Zach Mulcahey, 25 | Cover Story | Style Weekly

March 29, 2022
How To Pitch The Investor: Ronen Menipaz, Founder of M51

How To Pitch The Investor: Ronen Menipaz, Founder of M51

March 29, 2022
Japanese Space Industry Startup “Synspective” Raises US $100 Million in Funding

Japanese Space Industry Startup “Synspective” Raises US $100 Million in Funding

March 29, 2022
UK VC fund performance up on last year

VC-backed Aerium develops antibody treatment for Covid-19

March 29, 2022
Startups On Demand: renovai is the Netflix of Online Shopping

Startups On Demand: renovai is the Netflix of Online Shopping

2
Robot Company Offers $200K for Right to Use One Applicant’s Face and Voice ‘Forever’

Robot Company Offers $200K for Right to Use One Applicant’s Face and Voice ‘Forever’

1
Menashe Shani Accessibility High Tech on the low

Revolutionizing Accessibility: The Story of Purple Lens

1

Netgear announces a $1,500 Wi-Fi 6E mesh router

0
These apps let you customize Windows 11 to bring the taskbar back to life

These apps let you customize Windows 11 to bring the taskbar back to life

0
This bipedal robot uses propeller arms to slackline and skateboard

This bipedal robot uses propeller arms to slackline and skateboard

0
New York City

Why Bite-Sized Learning is Booming in NYC’s Hustle Culture

June 4, 2025
Driving Innovation in Academic Technologies: Spotlight from ICTIS 2025

Driving Innovation in Academic Technologies: Spotlight from ICTIS 2025

June 4, 2025
Coffee Nova’s $COFFEE Token

Coffee Nova’s $COFFEE Token

May 29, 2025
Money TLV website

BridgerPay to Spotlight Cross-Border Payments Innovation at Money TLV 2025

May 27, 2025
The Future of Software Development: Why Low-Code Is Here to Stay

Building Brand Loyalty Starts With Your Team

May 23, 2025
Tork Media Expands Digital Reach with Acquisition of NewsBlaze and Buzzworthy

Creative Swag Ideas for Hackathons & Launch Parties

May 23, 2025

Recommended

New York City

Why Bite-Sized Learning is Booming in NYC’s Hustle Culture

June 4, 2025
Driving Innovation in Academic Technologies: Spotlight from ICTIS 2025

Driving Innovation in Academic Technologies: Spotlight from ICTIS 2025

June 4, 2025
Coffee Nova’s $COFFEE Token

Coffee Nova’s $COFFEE Token

May 29, 2025
Money TLV website

BridgerPay to Spotlight Cross-Border Payments Innovation at Money TLV 2025

May 27, 2025

Categories

  • AI & Robotics
  • Benzinga
  • Cybersecurity
  • FinTech
  • New York Tech
  • News
  • Startups & Leaders
  • Venture Capital

Tags

3D bio-printing acoustic AI Allseated B2B marketing Business carbon footprint climate change coding Collaborations Companies To Watch consumer tech crypto cryptocurrency deforestation drones earphones Entrepreneur Fetcherr Finance Fintech food security Investing Investors investorsummit israelitech Leaders LinkedIn Leaders Metaverse news OurCrowd PR Real Estate reforestation software start- up Startups Startups On Demand startuptech Tech Tech leaders technology UAVs Unlimited Robotics VC
  • Contact Us
  • Privacy Policy
  • Terms and conditions

© 2024 All Rights Reserved - New York Tech Media

No Result
View All Result
  • News
  • FinTech
  • AI & Robotics
  • Cybersecurity
  • Startups & Leaders
  • Venture Capital

© 2024 All Rights Reserved - New York Tech Media