Given that 色虎视频 is an artificial intelligence (AI) and machine learning (ML) software firm, we believe in the power of ML. However, there鈥檚 a discouraging statistic we can鈥檛 overlook. , 85% of ML projects fail. Worse yet, the research company predicts that this trend will continue through 2022.
Does this point to some weakness in ML itself? No, it points to weaknesses in the way it鈥檚 applied to projects. 聽There are many predictable ways that ML projects fail, which can be avoided with proper expertise and caution. We鈥檝e experienced this personally; as we work with different companies, we notice the same patterns occurring over and over again.
The mistakes that lead to failed ML projects are all easy to make. Let鈥檚 run through them, so you can make sure that your ML project avoids the most common pitfalls.鈥
Most companies are engaged in some form of digital transformation, which means they鈥檙e generating data. Companies may feel an impulse to use that data for ML projects. This is triggered by the incorrect perception that ML can pull insights from any information you throw at it.
Machine learning can do remarkable things with data, but it has to be ML-ready or 鈥渃lean鈥 data. 聽 鈥淰olume of data isn鈥檛 everything,鈥 says Dudon Wai, product manager at 色虎视频. 鈥淚t can be garbage in, garbage out. Just because you have a lot of it, doesn鈥檛 mean it鈥檚 useful.鈥
And there are many ways that data can fail this test. For example, the data might not be representative of your everyday operations. You might leave the sensor on a manufacturing asset running when the machine is off, and thus the data collected becomes corrupted by those periods of inactivity.
In addition, the data needs to be multifaceted enough that ML can detect meaningful patterns in it. 聽 Perhaps you鈥檇 like to use ML to optimize your turbines鈥 energy consumption and reduce your energy costs and greenhouse emissions. This is one of the top three use cases our customers are pursuing since energy represents almost 20% of their output costs. 聽 To understand your turbines鈥 thermal efficiency, you鈥檇 need to identify the optimal control parameters that would minimize your turbines鈥 total fuel consumption. But, if you鈥檙e only using a few set data points to build out your ML model, the results won鈥檛 resonate. 聽 Mastering a complex system based on only observing a few of its elements isn鈥檛 realistic.
Knowing whether your data is ready is an art in and of itself. Yet, your data needs to become ML-ready before you proceed with any ML project.鈥
Machine learning is exciting technology. This leads some companies to embrace the idea that they鈥檒l do something with ML before knowing what that something is. 聽Companies examine current business objectives or recurring issues and assume that ML should be able to take care of it. 聽 鈥淏ecause it鈥檚 new and there鈥檚 a lot of hype around it, people are trying to jump on the bandwagon,鈥 says Wai.
However, ML isn鈥檛 good for absolutely everything. 聽 Among the use cases for ML, there鈥檚 a variety of difficulty levels. Some ML business wins can happen after a few weeks of work 鈥 others will take longer. 聽 Some possible ML applications have never been tried, and, as such, should be regarded as experiments. In certain cases, a problem that might be solved with ML could be solved more cheaply in another way.
It鈥檚 important to lay the groundwork to determine the business or operations challenge you are looking to solve. One of the key drivers that trap AI in pilot purgatory is that the project results didn鈥檛 warrant the time and effort to scale it further. 聽When selecting an AI use case, determine whether you can answer these questions:
By going through this process, you should be able to understand if machine learning is the best way to approach your pressing issues. Often, it will be. But if you throw ML at an arbitrarily chosen problem, there鈥檚 no guarantee that it will be worth the investment.鈥
To some extent, machine learning has become democratized. There are many more ML tools than there were even a few years ago, and data science knowledge has propagated. This means that a skilled data scientist can take on a reasonably sophisticated ML project on their laptop.
However, having your data science team working on an AI project in isolation can lead your company down the longest route to success. 聽 Unless you鈥檙e experienced in its application, you can run into unexpected snags. And unfortunately, you can also get knee-deep into a project before realizing that you haven鈥檛 prepared correctly. 聽 It鈥檚 imperative to ensure that the domain experts 鈥 your process engineers or plant operators 鈥 are not sidelined in the process because they understand its intricacies and the context of related data. 聽 Unfortunately, we鈥檝e seen companies get knee-deep into a project before bringing in the right human resources to the table. At this point, the project has to be abandoned, or a consultant has to be called. 聽 鈥淎 lot of companies fall into this trap of treating it as a data science project instead of an operations project,鈥 Wai states.
To review, there are three common machine learning-related issues that we consistently encounter:
The answer to these problems is to do the opposite at every stage. 聽Understand whether your data is ML-ready. Once you鈥檝e made sure, apply that data to ML use cases that produce an impact for your enterprise. Be sure that you have the specialized knowledge required to carry out the project.
If you do this correctly, your machine learning project can avoid the 85% failure rate and can be part of the successful 15%. 聽 Also, once you get one successful project off the ground, it becomes much easier to expand, doing more and more with ML.
What does that look like? One of our clients, a world leader in the geothermal energy field, saves hundreds of thousands of dollars each year by optimizing asset utilization, reducing unplanned downtime, and preventing energy loss. And this isn鈥檛 an unusual result for us.
At 色虎视频, we always start with the first step: inspecting a client鈥檚 data to see how close they are to ML readiness. We鈥檇 be happy to do this for you.
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