We are in a Generative AI hype cycle. Every executive looking at the potential generative AI today is probably thinking about how they can allocate their department's budget to building some AI use cases. However, many of these use cases won't make it into production.
In a similar vein, the hype around machine learning in the early 2010s led to lots of hype around the technology, but a lot of the value did not pan out. Four years ago, VentureBeat showed that 87% of data science projects did not make it into production. And in a lot of ways, things haven’t gotten much better. And if we don't learn why that is the case, generative AI could be destined to a similar fate.
Eric Siegel, Ph.D., is a leading consultant and former Columbia University professor who helps companies deploy machine learning. He is the founder of the long-running Machine Learning Week conference series and its new sister, Generative AI World, the instructor of the acclaimed online course “Machine Learning Leadership and Practice – End-to-End Mastery,” executive editor of The Machine Learning Times, and a frequent keynote speaker. He wrote the bestselling Predictive Analytics: The Power to Predict Who Will Click, Buy, Lie, or Die, as well as The AI Playbook: Mastering the Rare Art of Machine Learning Deployment. Eric’s interdisciplinary work bridges the stubborn technology/business gap. At Columbia, he won the Distinguished Faculty award when teaching graduate computer science courses in ML and AI. Later, he served as a business school professor at UVA Darden. Eric also publishes op-eds on analytics and social justice.
In the episode, Adel and Eric explore the reasons why machine learning projects don't make it into production, the BizML Framework or how to bring business stakeholders into the room when building machine learning use cases, the skill gap between business stakeholders and data practitioners, use cases of organizations have leveraged machine learning for operational improvements, what the previous machine learning hype cycle can teach us about generative AI and a lot more.
Links Mentioned in the Show:
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#196 The Art of Prompt Engineering with Alex Banks, Founder and Educator, Sunday Signal
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#194 [Radar Recap] Scaling Data ROI: Driving Analytics Adoption Within Your Organization with Laura Gent Felker, Omar Khawaja and Tiffany Perkins-Munn
#193 [Radar Recap] From Data Governance to Data Discoverability: Building Trust in Data Within Your Organization with Esther Munyi, Amy Grace, Stefaan Verhulst and Malarvizhi Veerappan
#192 [Radar Recap] Building a Learning Culture for Analytics Functions, with Russell Johnson, Denisse Groenendaal-Lopez and Mark Stern
#191 How Generative AI is Changing Business and Society with Bernard Marr, AI Advisor, Best-Selling Author, and Futurist
#190 How Data Leaders Can Make Data Governance a Priority with Saurabh Gupta, Chief Strategy & Revenue Officer at The Modern Data Company
#189 From BI to AI with Nick Magnuson, Head of AI at Qlik
#188 Scaling Enterprise Analytics with Libby Duane Adams, Chief Advocacy Officer and Co-Founder of Alteryx
#187 The Power of Vector Databases and Semantic Search with Elan Dekel, VP of Product at Pinecone
#186 How the UN is Driving Global AI Governance with Ian Bremmer and Jimena Viveros, Members of the UN AI Advisory Board
#185 Becoming Remarkable with Guy Kawasaki, Author and Chief Evangelist at Canva
[AI and the Modern Data Stack] #184 Accelerating AI Workflows with Nuri Cankaya, VP of AI Marketing & La Tiffaney Santucci, AI Marketing Director at Intel
[AI and the Modern Data Stack] #183 Adding AI to the Data Warehouse with Sridhar Ramaswamy, CEO at Snowflake
[AI and the Modern Data Stack] #182 How Databricks is Transforming Data Warehousing and AI with Ari Kaplan, Head Evangelist & Robin Sutara, Field CTO at Databricks
[AI and the Modern Data Stack] #181 Why the Future of AI in Data will be Weird with Benn Stancil, CTO at Mode & Field CTO at ThoughtSpot
#180 How AI is Changing Cybersecurity with Brian Murphy, CEO of ReliaQuest
#178 Making SMARTER Decisions with Lori Silverman, author of Business Storytelling for Dummies
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