Hands-On Automated Machine Learning

Business understanding

This is the phase where you fully focus on the business objectives in terms of project goals, scope, resources, limitations, iterations, and checkpoints.

You try to understand the whole picture in business terms and frame the problem technically. There might be competing objectives between different internal stakeholders in your organization, and you should be aware of them and find the sweet spot. For example, in supply chain management, product supply organizations try to keep their inventory at optimum levels, while sales organization would like to build an excessive inventory for upcoming product launches based on very optimistic sales forecasts. You should know who will benefit from the ML and data science capability ...