When you start talking about Machine Learning algorithms, most people's eyes glaze over - it's higher order math, something cool and distant that they don't want to be bothered with.
So how can you engage in a meaningful conversation about these algorithms and demonstrate how and why they add value to make the case for implementing them?
We have had success in showing measurable and quantifiable results from predictions coming from these algorithms that are better than the current state process. Now, everything is not as easy to measure or demonstrate. Hence classifying your ML models into categories and having a measurement framework around each category helps.
The following elements are critical in establishing such a measurement system:
I have found the following classification useful for the work that my team is doing. Now this isn't a comprehensive framework of all ML models available, but just something that we have found useful:
Will keep you posted on the results. Happy to hear alternate frameworks and paradigms that folks have used to gain acceptance.