Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    unusual trading activity
    Signal Or Noise? A Decision Tree For Evaluating Unusual Trading Activity
    3 Min Read
    software developer using ai
    How Data Analytics Helps Developers Deliver Better Tech Services
    8 Min Read
    ai for stock trading
    Can Data Analytics Help Investors Outperform Warren Buffett
    9 Min Read
    media monitoring
    Signals In The Noise: Using Media Monitoring To Manage Negative Publicity
    5 Min Read
    data analytics
    How Data Analytics Can Help You Construct A Financial Weather Map
    4 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Predictive Models are Only as Good as Their Acceptance by Decision-Makers
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Analytics > Predictive Analytics > Predictive Models are Only as Good as Their Acceptance by Decision-Makers
Predictive Analytics

Predictive Models are Only as Good as Their Acceptance by Decision-Makers

DeanAbbott
DeanAbbott
3 Min Read
SHARE

I have been reminded in the past couple weeks working with customers that in many applications of data mining and predictive analytics, unless the stakeholders of predictive models understand what the models are doing, they are utterly useless. When rules from a decision tree, no matter how statistically significant, don’t resonate with domain experts, they won’t be believed. Arguments that “the model wouldn’t have picked this rule if it wasn’t really there in the data” makes no difference when the rule doesn’t make sense.

I have been reminded in the past couple weeks working with customers that in many applications of data mining and predictive analytics, unless the stakeholders of predictive models understand what the models are doing, they are utterly useless. When rules from a decision tree, no matter how statistically significant, don’t resonate with domain experts, they won’t be believed. Arguments that “the model wouldn’t have picked this rule if it wasn’t really there in the data” makes no difference when the rule doesn’t make sense.

There is always a tradeoff in these cases between the “best” model (i.e., most accurate by some measure) and the “best understood” model (i.e., the one that gets the “ahhhs” from the domain experts). We can coerce models toward the transparent rather than the statistically significant by removing fields that perform well but don’t contribute to the story the models tell about the data.

I know what some of you are thinking: if the rule or pattern found by the model is that good, we must try to find the reason for its inclusion, make the case for it, find a surrogate meaning, or just demand it be included because it is so good! I trust the algorithms and our ability to assess if the algorithms are finding something “real” compared with those “happenstance” occurrences. But not all stakeholders share our trust, and it is our job to translate the message for them so that their confidence in the models approaches are own.

More Read

The 4 Es of Social Media Strategy
What Is Your Big Data Analytics Stack?
Similarities and Differences Between Predictive Analytics and Business Intelligence
In a Petabyte Age, Is Understanding Passé?
Predictive Analytics and Sales Forecasting: The Latest Power Couple
TAGGED:decision makers
Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

data migration risk prevention
Best Approach to Risk Management for Data Migration in Data-Driven Businesses
Big Data Data Management Exclusive Risk Management
AI in branding
How Data Analytics and Data Mining Strengthen Brand Identity Services
Big Data Exclusive
Hidden AI, a risk?
Hidden AI, Real Risk: A Governance Roadmap For Mid-Market Organizations
Artificial Intelligence Exclusive Infographic
unusual trading activity
Signal Or Noise? A Decision Tree For Evaluating Unusual Trading Activity
Analytics Exclusive Infographic

Stay Connected

1.2KFollowersLike
33.7KFollowersFollow
222FollowersPin

You Might also Like

Image
Business IntelligenceData MiningExclusiveInside CompaniesMarketingPredictive Analytics

We’re Not Artists: The Craft of Influencing Decision Makers

6 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

AI and chatbots
Chatbots and SEO: How Can Chatbots Improve Your SEO Ranking?
Artificial Intelligence Chatbots Exclusive
data-driven web design
5 Great Tips for Using Data Analytics for Website UX
Big Data

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?