When is enough data enough?

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The problem and promise of artificial intelligence (AI) is people. This has always been true, whatever our hopes (and fears) of robotic overlords taking over. In AI, and data science more generally, the trick is to blend the best of humans and machines. For some time, the AI industry’s cheerleaders have tended to stress the machine side of the equation. But as Spring Health data scientist Elena Dyachkova intimates, data (and the machines behind it) is only as useful as the people interpreting it are smart.

Let’s unpack that.

How much is enough?

Dyachkova was replying to a comment made by Sarah Catanzaro, a general partner with Amplify Partners and former head of data at Mattermark. Discussing the utility of imperfect data/analysis in decision-making, Catanzaro says, “I think the data community often misses the value of reports and analysis that [are] flawed but directionally correct.” She then goes on to argue, “Many decisions don’t require high-precision insights; we shouldn’t shy from the quick and dirty in many contexts.”

It’s a great reminder we don’t need perfect data to inform a decision. That’s good. Gary Marcus, a scientist and founder of Geometric Intelligence, an ML company acquired by Uber in 2016, insists that the key to appreciating AI and its subsets machine learning (ML) and deep learning is to recognize that such pattern-recognition tools are at their “best when all we need are rough-ready results, where stakes are low and perfect results optional.” Despite this truth, in our quest for more powerful AI-fueled applications, we keep angling for more and more data, with the expectation that given enough data, ML models will somehow give us better than “rough-ready results.”

Alas! It simply doesn’t work that way in the real world. Although more data can be good, for many applications, we don’t need more data. We need people better prepared to understand the data we already have.

As Dyachkova notes, “Product analytics is 80% quick and dirty. But the ability to judge when quick and dirty is appropriate requires a pretty good understanding of stats.” Got that? Vincent Dowling, a data scientist with Indeed.com, makes it even clearer: “A lot of the value in being an experienced analyst/scientist is determining the amount of rigor needed to make a decision.”

Copyright © 2022 IDG Communications, Inc.



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Source : https://www.infoworld.com/article/3673310/when-is-enough-data-enough.html#tk.rss_all

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