Even as COVID-19 has slowed business investments worldwide, AI/ML spending is increasing. In a post for IDN, dotDatas CEO Ryohei Fujimaki, Ph.D, looks at the latest trends in AI/ML automation and how they will speed adoption across industries.
COVID-19 has impacted businesses across the globe, from closures to supply chain interruptions to resource scarcity. As businesses adjust to the new normal, many are looking to do more with less and find ways to optimize their current business investments.
In this resource-constrained environment, many types of business investments have slowed dramatically. That said, investments in AI and machine learning are accelerated, according to a recentAdweek survey.
Adweek found two-thirds of business executives say COVID-19 has not slowed AI projects. In fact, some 40% of respondents told Adweek that the pandemic has accelerated their AI/ML efforts. Reasons for the sustained and growing interest in AI/ML include decreasing costs, improving performance, and increasing efficiencies-all efforts to make up for time and output lost during the COVID-19 slowdown.
Despite the rosy outlook for AI/ML investments, it bears mentioning that businesses also admit they still struggle to scale these technologies beyond PoCs (proof of concepts). This is due to an ongoing talent shortage in the data science field a shortage that COVID has made even more acute.
Data science is an interdisciplinary approach that requires cross-domain expertise, including mathematics, statistics, data engineering, software engineering, and subject matter expertise.
The shortage of data scientists as well as data architects, machine learning engineers skilled in building, testing, and deploying ML models has created a big challenge for businesses implementing AI and ML initiatives, limiting the scale of data science projects and slowing time to production. The scarcity of data scientists has also created a quandary for organizations: how can they change the way they do data science, empowering the teams they already have?
The democratization of data science is very important and a current industry trend, but true democratization has never been easy for organizations. Analytics and data science leaders lament their team's ability to only manage a few projects per year. BI leaders, on the other hand, have been trying to embed predictive analytics in their dashboards but face the daunting task of learning how to build AI/ML models. What can organizations do, what tactics will help them to scale AI initiatives and bridge the gap between what is required and what's available?
Democratization of data science in a true sense is to empower teams with advanced analytical tools and automation technologies.
These tools can significantly simplify tasks that formerly could only be completed by data scientists. They are empowering business analysts, BI developers and data engineers to execute AI and machine learning projects. Further, they accelerate data science processes with very little training.
Notable among these offerings are:
This class of automation tools removes much of the time and expense to design and deploy AI-powered analytics pipelines and do so little cost and without high-priced technical staff.
Today, s typical data team is interdisciplinary and consists of data engineers, data analysts and data scientists. The data analyst and engineer are responsible for cleaning, formatting and preparing data for the data scientist who then uses analytics-ready data to build features and then build ML models using a trial and error approach.
Data science processes are complicated, highly manual, and iterative in nature. Depending on the maturity of the data pipelines, a data science project can take from 30 to 90 days to complete with nearly 80% of the effort spent on AI-focused data preparation and Feature Engineering.
Further, the AI-focused data preparation process requires an impressive amount of hacking skills from developers, data scientists and data engineers to clean, manipulate and transform the data to enable data scientists to execute feature engineering.
That said, the landscaping is changing. Tools are now surfacing to deliver AI automation to pre-process data, connect to data and automatically build features and ML models. These results eliminate the need for having a large team and doing it efficiently at the greatest possible speed.
In addition, feature engineering automation has vast potential to change the traditional data science process. Feature engineering involves the application of business knowledge, math, and statistics to transform data into a format that can be directly consumed by machine learning models.
It also can significantly lower skill barriers beyond ML automation alone, eliminating hundreds or even thousands of manually-crafted SQL queries, and ramps up the speed of the data science project even without a full light of domain knowledge).
Organizations with large data science teams will also find automation platforms very valuable. They free up highly-skilled resources from many of the manual and time-consuming efforts involved in data science and machine learning workflow and allow them to focus on more complex and challenging strategic tasks.
The trend is definitely to leverage automation technologies to speed-up the ML development process. By using AI automation technologies, BI and junior data scientist can automatically build models. This frees up time for experienced data scientists who take on more challenging business problems. While everyone seemed to focus on building automated ML models, the industry is definitely moving towards automating the entire AI/ML workflow.
This empowers data scientists to achieve higher productivity and drive greater business impact than ever before.
Another important tactic for bridging the skills gap in data science is ongoing skills training for the AI, data science and business intelligence teams.
Rather than hiring outside talent from an already shallow talent pool, companies are often better off investing time and resources in data-science training of their existing talent pool. These citizen data scientists can bridge the skill gap, address the labor shortage and enable companies to leverage the existing resources they already have.
There are many advantages to this approach.
Theidea is to build a team from inside the company versus hiring experts from outside. Any transformation is only going to succeed, provided it is embraced by the vast majority. Creating internal AI teams, empowering citizen data scientists and scaling pilot programs focused on AI is the right approach.
One of the most important of which is building data science skills across multiple teams to support data science's democratization across the organization. This strategy can be implemented by first identifying employees with existing programming, analytical and quantitative skills and then augmenting those skills with the required data science skills and tools training. Experienced data scientists can play the role of an evangelizer to share data science best practices and guide the citizen data scientists through the process.
AI and ML-driven innovation becomes indispensable as more enterprises transform themselves into data-driven organizations. Building a strong analytics team, while challenging in todays resource-scarce environment, is attainable by using appropriate automation tools. The benefits of this approach include:
These factors can not only help fill the skills gap but will help accelerate both data science and business innovation, delivering greater and broader business impact.
More here:
Bridging the Skills Gap for AI and Machine Learning - Integration Developers
- Microsoft reveals how it caught mutating Monero mining malware with machine learning - The Next Web [Last Updated On: December 1st, 2019] [Originally Added On: December 1st, 2019]
- The role of machine learning in IT service management - ITProPortal [Last Updated On: December 1st, 2019] [Originally Added On: December 1st, 2019]
- Workday talks machine learning and the future of human capital management - ZDNet [Last Updated On: December 1st, 2019] [Originally Added On: December 1st, 2019]
- Verification In The Era Of Autonomous Driving, Artificial Intelligence And Machine Learning - SemiEngineering [Last Updated On: December 1st, 2019] [Originally Added On: December 1st, 2019]
- Synthesis-planning program relies on human insight and machine learning - Chemical & Engineering News [Last Updated On: December 1st, 2019] [Originally Added On: December 1st, 2019]
- Here's why machine learning is critical to success for banks of the future - Tech Wire Asia [Last Updated On: December 1st, 2019] [Originally Added On: December 1st, 2019]
- The 10 Hottest AI And Machine Learning Startups Of 2019 - CRN: The Biggest Tech News For Partners And The IT Channel [Last Updated On: December 1st, 2019] [Originally Added On: December 1st, 2019]
- Onica Showcases Advanced Internet of Things, Artificial Intelligence, and Machine Learning Capabilities at AWS re:Invent 2019 - PR Web [Last Updated On: December 3rd, 2019] [Originally Added On: December 3rd, 2019]
- Machine Learning Answers: If Caterpillar Stock Drops 10% A Week, Whats The Chance Itll Recoup Its Losses In A Month? - Forbes [Last Updated On: December 3rd, 2019] [Originally Added On: December 3rd, 2019]
- Amazons new AI keyboard is confusing everyone - The Verge [Last Updated On: December 5th, 2019] [Originally Added On: December 5th, 2019]
- Exploring the Present and Future Impact of Robotics and Machine Learning on the Healthcare Industry - Robotics and Automation News [Last Updated On: December 5th, 2019] [Originally Added On: December 5th, 2019]
- 3 questions to ask before investing in machine learning for pop health - Healthcare IT News [Last Updated On: December 5th, 2019] [Originally Added On: December 5th, 2019]
- Amazon Wants to Teach You Machine Learning Through Music? - Dice Insights [Last Updated On: December 5th, 2019] [Originally Added On: December 5th, 2019]
- Measuring Employee Engagement with A.I. and Machine Learning - Dice Insights [Last Updated On: December 6th, 2019] [Originally Added On: December 6th, 2019]
- The NFL And Amazon Want To Transform Player Health Through Machine Learning - Forbes [Last Updated On: December 11th, 2019] [Originally Added On: December 11th, 2019]
- Scientists are using machine learning algos to draw maps of 10 billion cells from the human body to fight cancer - The Register [Last Updated On: December 11th, 2019] [Originally Added On: December 11th, 2019]
- Appearance of proteins used to predict function with machine learning - Drug Target Review [Last Updated On: December 11th, 2019] [Originally Added On: December 11th, 2019]
- Google is using machine learning to make alarm tones based on the time and weather - The Verge [Last Updated On: December 11th, 2019] [Originally Added On: December 11th, 2019]
- 10 Machine Learning Techniques and their Definitions - AiThority [Last Updated On: December 11th, 2019] [Originally Added On: December 11th, 2019]
- Taking UX and finance security to the next level with IBM's machine learning - The Paypers [Last Updated On: December 12th, 2019] [Originally Added On: December 12th, 2019]
- Government invests 49m in data analytics, machine learning and AI Ireland, news for Ireland, FDI,Ireland,Technology, - Business World [Last Updated On: December 12th, 2019] [Originally Added On: December 12th, 2019]
- Machine Learning Answers: If Nvidia Stock Drops 10% A Week, Whats The Chance Itll Recoup Its Losses In A Month? - Forbes [Last Updated On: December 12th, 2019] [Originally Added On: December 12th, 2019]
- Bing: To Use Machine Learning; You Have To Be Okay With It Not Being Perfect - Search Engine Roundtable [Last Updated On: December 12th, 2019] [Originally Added On: December 12th, 2019]
- IQVIA on the adoption of AI and machine learning - OutSourcing-Pharma.com [Last Updated On: December 12th, 2019] [Originally Added On: December 12th, 2019]
- Schneider Electric Wins 'AI/ Machine Learning Innovation' and 'Edge Project of the Year' at the 2019 SDC Awards - PRNewswire [Last Updated On: December 12th, 2019] [Originally Added On: December 12th, 2019]
- Industry Call to Define Universal Open Standards for Machine Learning Operations and Governance - MarTech Series [Last Updated On: December 12th, 2019] [Originally Added On: December 12th, 2019]
- Qualitest Acquires AI and Machine Learning Company AlgoTrace to Expand Its Offering - PRNewswire [Last Updated On: December 12th, 2019] [Originally Added On: December 12th, 2019]
- Automation And Machine Learning: Transforming The Office Of The CFO - Forbes [Last Updated On: December 12th, 2019] [Originally Added On: December 12th, 2019]
- Machine learning results: pay attention to what you don't see - STAT [Last Updated On: December 12th, 2019] [Originally Added On: December 12th, 2019]
- The challenge in Deep Learning is to sustain the current pace of innovation, explains Ivan Vasilev, machine learning engineer - Packt Hub [Last Updated On: December 15th, 2019] [Originally Added On: December 15th, 2019]
- Israelis develop 'self-healing' cars powered by machine learning and AI - The Jerusalem Post [Last Updated On: December 15th, 2019] [Originally Added On: December 15th, 2019]
- Theres No Such Thing As The Machine Learning Platform - Forbes [Last Updated On: December 15th, 2019] [Originally Added On: December 15th, 2019]
- Global Contextual Advertising Markets, 2019-2025: Advances in AI and Machine Learning to Boost Prospects for Real-Time Contextual Targeting -... [Last Updated On: December 20th, 2019] [Originally Added On: December 20th, 2019]
- Machine Learning Answers: If Twitter Stock Drops 10% A Week, Whats The Chance Itll Recoup Its Losses In A Month? - Forbes [Last Updated On: December 20th, 2019] [Originally Added On: December 20th, 2019]
- Tech connection: To reach patients, pharma adds AI, machine learning and more to its digital toolbox - FiercePharma [Last Updated On: December 20th, 2019] [Originally Added On: December 20th, 2019]
- Machine Learning Answers: If Seagate Stock Drops 10% A Week, Whats The Chance Itll Recoup Its Losses In A Month? - Forbes [Last Updated On: December 20th, 2019] [Originally Added On: December 20th, 2019]
- MJ or LeBron Who's the G.O.A.T.? Machine Learning and AI Might Give Us an Answer - Built In Chicago [Last Updated On: December 20th, 2019] [Originally Added On: December 20th, 2019]
- Amazon Releases A New Tool To Improve Machine Learning Processes - Forbes [Last Updated On: December 20th, 2019] [Originally Added On: December 20th, 2019]
- AI and machine learning platforms will start to challenge conventional thinking - CRN.in [Last Updated On: December 20th, 2019] [Originally Added On: December 20th, 2019]
- What is Deep Learning? Everything you need to know - TechRadar [Last Updated On: December 20th, 2019] [Originally Added On: December 20th, 2019]
- Machine Learning Answers: If BlackBerry Stock Drops 10% A Week, Whats The Chance Itll Recoup Its Losses In A Month? - Forbes [Last Updated On: December 20th, 2019] [Originally Added On: December 20th, 2019]
- QStride to be acquired by India-based blockchain, analytics, machine learning consultancy - Staffing Industry Analysts [Last Updated On: December 20th, 2019] [Originally Added On: December 20th, 2019]
- Dotscience Forms Partnerships to Strengthen Machine Learning - Database Trends and Applications [Last Updated On: December 20th, 2019] [Originally Added On: December 20th, 2019]
- The Machines Are Learning, and So Are the Students - The New York Times [Last Updated On: December 20th, 2019] [Originally Added On: December 20th, 2019]
- Kubernetes and containers are the perfect fit for machine learning - JAXenter [Last Updated On: December 20th, 2019] [Originally Added On: December 20th, 2019]
- Data science and machine learning: what to learn in 2020 - Packt Hub [Last Updated On: December 20th, 2019] [Originally Added On: December 20th, 2019]
- What is Machine Learning? A definition - Expert System [Last Updated On: December 20th, 2019] [Originally Added On: December 20th, 2019]
- Want to dive into the lucrative world of deep learning? Take this $29 class. - Mashable [Last Updated On: December 24th, 2019] [Originally Added On: December 24th, 2019]
- Another free web course to gain machine-learning skills (thanks, Finland), NIST probes 'racist' face-recog and more - The Register [Last Updated On: December 24th, 2019] [Originally Added On: December 24th, 2019]
- TinyML as a Service and machine learning at the edge - Ericsson [Last Updated On: December 24th, 2019] [Originally Added On: December 24th, 2019]
- Machine Learning in 2019 Was About Balancing Privacy and Progress - ITPro Today [Last Updated On: December 24th, 2019] [Originally Added On: December 24th, 2019]
- Ten Predictions for AI and Machine Learning in 2020 - Database Trends and Applications [Last Updated On: December 25th, 2019] [Originally Added On: December 25th, 2019]
- The Value of Machine-Driven Initiatives for K12 Schools - EdTech Magazine: Focus on Higher Education [Last Updated On: December 25th, 2019] [Originally Added On: December 25th, 2019]
- CMSWire's Top 10 AI and Machine Learning Articles of 2019 - CMSWire [Last Updated On: December 25th, 2019] [Originally Added On: December 25th, 2019]
- Machine Learning Market Accounted for US$ 1,289.5 Mn in 2016 and is expected to grow at a CAGR of 49.7% during the forecast period 2017 2025 - The... [Last Updated On: December 27th, 2019] [Originally Added On: December 27th, 2019]
- Are We Overly Infatuated With Deep Learning? - Forbes [Last Updated On: December 27th, 2019] [Originally Added On: December 27th, 2019]
- Can machine learning take over the role of investors? - TechHQ [Last Updated On: December 27th, 2019] [Originally Added On: December 27th, 2019]
- Dr. Max Welling on Federated Learning and Bayesian Thinking - Synced [Last Updated On: December 28th, 2019] [Originally Added On: December 28th, 2019]
- 2010 2019: The rise of deep learning - The Next Web [Last Updated On: January 4th, 2020] [Originally Added On: January 4th, 2020]
- Machine Learning Answers: Sprint Stock Is Down 15% Over The Last Quarter, What Are The Chances It'll Rebound? - Trefis [Last Updated On: January 4th, 2020] [Originally Added On: January 4th, 2020]
- Sports Organizations Using Machine Learning Technology to Drive Sponsorship Revenues - Sports Illustrated [Last Updated On: January 4th, 2020] [Originally Added On: January 4th, 2020]
- What is deep learning and why is it in demand? - Express Computer [Last Updated On: January 4th, 2020] [Originally Added On: January 4th, 2020]
- Byrider to Partner With PointPredictive as Machine Learning AI Partner to Prevent Fraud - CloudWedge [Last Updated On: January 4th, 2020] [Originally Added On: January 4th, 2020]
- Stare into the mind of God with this algorithmic beetle generator - SB Nation [Last Updated On: January 5th, 2020] [Originally Added On: January 5th, 2020]
- US announces AI software export restrictions - The Verge [Last Updated On: January 5th, 2020] [Originally Added On: January 5th, 2020]
- How AI And Machine Learning Can Make Forecasting Intelligent - Demand Gen Report [Last Updated On: January 5th, 2020] [Originally Added On: January 5th, 2020]
- Fighting the Risks Associated with Transparency of AI Models - EnterpriseTalk [Last Updated On: January 7th, 2020] [Originally Added On: January 7th, 2020]
- NXP Debuts i.MX Applications Processor with Dedicated Neural Processing Unit for Advanced Machine Learning at the Edge - GlobeNewswire [Last Updated On: January 7th, 2020] [Originally Added On: January 7th, 2020]
- Cerner Expands Collaboration with Amazon Web as its Preferred Machine Learning Provider - Story of Future [Last Updated On: January 7th, 2020] [Originally Added On: January 7th, 2020]
- Can We Do Deep Learning Without Multiplications? - Analytics India Magazine [Last Updated On: January 7th, 2020] [Originally Added On: January 7th, 2020]
- Machine learning is innately conservative and wants you to either act like everyone else, or never change - Boing Boing [Last Updated On: January 7th, 2020] [Originally Added On: January 7th, 2020]
- Pear Therapeutics Expands Pipeline with Machine Learning, Digital Therapeutic and Digital Biomarker Technologies - Business Wire [Last Updated On: January 7th, 2020] [Originally Added On: January 7th, 2020]
- FLIR Systems and ANSYS to Speed Thermal Camera Machine Learning for Safer Cars - Business Wire [Last Updated On: January 7th, 2020] [Originally Added On: January 7th, 2020]
- SiFive and CEVA Partner to Bring Machine Learning Processors to Mainstream Markets - PRNewswire [Last Updated On: January 7th, 2020] [Originally Added On: January 7th, 2020]
- Tiny Machine Learning On The Attiny85 - Hackaday [Last Updated On: January 7th, 2020] [Originally Added On: January 7th, 2020]
- Finally, a good use for AI: Machine-learning tool guesstimates how well your code will run on a CPU core - The Register [Last Updated On: January 7th, 2020] [Originally Added On: January 7th, 2020]
- AI, machine learning, and other frothy tech subjects remained overhyped in 2019 - Boing Boing [Last Updated On: January 7th, 2020] [Originally Added On: January 7th, 2020]
- Chemists are training machine learning algorithms used by Facebook and Google to find new molecules - News@Northeastern [Last Updated On: January 7th, 2020] [Originally Added On: January 7th, 2020]
- AI and machine learning trends to look toward in 2020 - Healthcare IT News [Last Updated On: January 7th, 2020] [Originally Added On: January 7th, 2020]
- What Is Machine Learning? | How It Works, Techniques ... [Last Updated On: January 7th, 2020] [Originally Added On: January 7th, 2020]