Monday Feb 26, 2024

SMR Article: The Rare, Crucial Move to Business Metrics for Establishing ML's Value

In this episode, Eric Siegel narrates his article in MIT Sloan Management Review, "What Leaders Should Know About Measuring AI Project Value."

Most AI/machine learning projects report only on technical metrics that don’t tell leaders how much business value could be delivered. To prevent project failures, press for business metrics instead.

Access the original article here:

This article is excerpted from Eric's new book, The AI Playbook

The full details of the article's central example are within a sidebar of the original article (not read through in detail within this podcast episode). You can also access this spreadsheet with the same calculations if you would like to try out different scenarios — such as varying the model lift, the number of transactions held, or the cost of each FP and FN.

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