This article was published as a part of the Data Science Blogathon.
Machine learning projects can be extremely challenging in the IT industry. Several factors can make them difficult, including the volume of data that needs to be processed, the complexity of the algorithms involved, and the need to ensure that the systems are accurate and reliable. In addition, machine learning projects can be time-consuming and expensive to develop and deploy. The challenges of machine learning projects in the IT industry can be daunting but also very rewarding.
Source: unsplash.com
This blog will be divided into two sections; the first part, i.e., Challenges or pain points, and the second part, which is a Solution to overcome the desired set of challenges. It will give a super lens that could be applied to your current project and organization.
Disclaimer: The below-discussed points mainly focus on consultant organizations, not in-house ML companies.
1. Data – Though we are in the era of data evolution. However, this is still one of the biggest pain- points for many ML and DS people in many organizations. The first challenge is often in finding the right data to train the machine learning algorithm. The data needs to represent the problem you are trying to solve, and it can be difficult to find enough data to cover all the possibilities. How many of you can relate to a situation where you have been asked to develop something without giving you any data? All the business stakeholders have fancy ideas and thoughts about machine learning and artificial intelligence. They ask ML developers to come up with some implementation without any clarity about the data or data elements. This is one of the real challenges, especially in new growing industries or startups.
2. Connecting bridge – This is frequently another puzzle component that is overlooked. While ML experts have their own preferred method of working on a given use case, business folks have their notions about certain use cases and their outcomes. And frequently, it is rather challenging for people to communicate their views to one another. Additionally, the technical portion is tiresome and uninteresting to comprehend for businesspeople. How can businesses overcome the challenge of a lack of machine learning knowledge in their decision-makers? The challenge for businesses is the lack of knowledge in machine learning among business people. Without this knowledge, businesses will not be able to take advantage of the opportunities machine learning presents.
Source: unsplash.com
3. Production -As per the Gartner report, 87% of ML projects like prediction modeling, forecasting, and recommendation system never goes into production, and there are different reasons and factors. Machine learning projects can be challenging to manage in a production environment. Several factors must be considered when deploying a machine learning model into a live system. One of the biggest challenges is ensuring that the model is accurate. The model may be used in a production environment to make critical decisions, so it must produce accurate results. Another challenge is ensuring that the model is stable. The model may be used frequently and under various conditions in a production environment. The model must perform consistently under these conditions. A third challenge is ensuring that the model is efficient. The model may need to handle a large volume of data in a production environment. The model must be able to process this data quickly and efficiently. Finally, it is important to ensure that the model is secure. The paucity of resources for these ML operations and the lack of a standardized process for ML model deployment are making the issue worse.
In the rising field of AI, where Technologies and platforms are constantly evolving, it can be difficult to keep up with the latest trends. It is still challenging to make ML projects and deploy them into production. Constant efforts and setting up of organization in 360view by involving technical and business people as decision-makers could change the situation in the coming years. Educating and training about ML areas with tools like no code or low code platform for businesspeople can improve things a lot easier and better. There has been a lot of buzz lately about the benefits of advanced machine learning (ML) algorithms in the IT industry. By utilizing these algorithms, businesses can improve their operations and decision-making processes. Some of the benefits of advanced ML algorithms include the following:
Lastly, finding real-time use cases appealing to business and storytelling are the two important factors that would play a key role in finding a better solution in this industry.
I hope you enjoyed reading it. Thank you.
The media shown in this article is not owned by Analytics Vidhya and is used at the Author’s discretion.
Dr. Monica Mundada is a highly skilled and experienced data scientist with a passion for solving complex business problems using data-driven insights. Monica has a background in Ph.D., where she developed a strong foundation in statistics, mathematics, and computer science.
As a data scientist, Monica has a proven track record of success in collecting, cleaning, and analyzing large datasets to identify patterns and trends that inform business decisions. She is skilled in using a variety of tools, including Python, R, SQL, and machine learning algorithms, to perform their work. She is also adapted to data visualization, using tools like Tableau, PowerBI, or Matplotlib, to present their findings in a clear and concise manner.
Top 10 Data Analytics Projects with Source Codes
Quick Guide to AI and ML Universe for Business ...
Why Businesses Should Use Machine Learning in 2...
Everything you need to know about Machine Learning
ML Trends for Solving Business Intelligence Pro...
MLOps – 5 Steps you Need to Know to Imple...
A Beginners Guide to the Machine Learning Lifec...
How to Choose a Machine Learning Consulting Fir...
No Code vs Traditional Machine Learning in 2024
5 Challenges of Machine Learning!
We use cookies essential for this site to function well. Please click to help us improve its usefulness with additional cookies. Learn about our use of cookies in our Privacy Policy & Cookies Policy.
Show details
This site uses cookies to ensure that you get the best experience possible. To learn more about how we use cookies, please refer to our Privacy Policy & Cookies Policy.
It is needed for personalizing the website.
Expiry: Session
Type: HTTP
This cookie is used to prevent Cross-site request forgery (often abbreviated as CSRF) attacks of the website
Expiry: Session
Type: HTTPS
Preserves the login/logout state of users across the whole site.
Expiry: Session
Type: HTTPS
Preserves users' states across page requests.
Expiry: Session
Type: HTTPS
Google One-Tap login adds this g_state cookie to set the user status on how they interact with the One-Tap modal.
Expiry: 365 days
Type: HTTP
Used by Microsoft Clarity, to store and track visits across websites.
Expiry: 1 Year
Type: HTTP
Used by Microsoft Clarity, Persists the Clarity User ID and preferences, unique to that site, on the browser. This ensures that behavior in subsequent visits to the same site will be attributed to the same user ID.
Expiry: 1 Year
Type: HTTP
Used by Microsoft Clarity, Connects multiple page views by a user into a single Clarity session recording.
Expiry: 1 Day
Type: HTTP
Collects user data is specifically adapted to the user or device. The user can also be followed outside of the loaded website, creating a picture of the visitor's behavior.
Expiry: 2 Years
Type: HTTP
Use to measure the use of the website for internal analytics
Expiry: 1 Years
Type: HTTP
The cookie is set by embedded Microsoft Clarity scripts. The purpose of this cookie is for heatmap and session recording.
Expiry: 1 Year
Type: HTTP
Collected user data is specifically adapted to the user or device. The user can also be followed outside of the loaded website, creating a picture of the visitor's behavior.
Expiry: 2 Months
Type: HTTP
This cookie is installed by Google Analytics. The cookie is used to store information of how visitors use a website and helps in creating an analytics report of how the website is doing. The data collected includes the number of visitors, the source where they have come from, and the pages visited in an anonymous form.
Expiry: 399 Days
Type: HTTP
Used by Google Analytics, to store and count pageviews.
Expiry: 399 Days
Type: HTTP
Used by Google Analytics to collect data on the number of times a user has visited the website as well as dates for the first and most recent visit.
Expiry: 1 Day
Type: HTTP
Used to send data to Google Analytics about the visitor's device and behavior. Tracks the visitor across devices and marketing channels.
Expiry: Session
Type: PIXEL
cookies ensure that requests within a browsing session are made by the user, and not by other sites.
Expiry: 6 Months
Type: HTTP
use the cookie when customers want to make a referral from their gmail contacts; it helps auth the gmail account.
Expiry: 2 Years
Type: HTTP
This cookie is set by DoubleClick (which is owned by Google) to determine if the website visitor's browser supports cookies.
Expiry: 1 Year
Type: HTTP
this is used to send push notification using webengage.
Expiry: 1 Year
Type: HTTP
used by webenage to track auth of webenagage.
Expiry: Session
Type: HTTP
Linkedin sets this cookie to registers statistical data on users' behavior on the website for internal analytics.
Expiry: 1 Day
Type: HTTP
Use to maintain an anonymous user session by the server.
Expiry: 1 Year
Type: HTTP
Used as part of the LinkedIn Remember Me feature and is set when a user clicks Remember Me on the device to make it easier for him or her to sign in to that device.
Expiry: 1 Year
Type: HTTP
Used to store information about the time a sync with the lms_analytics cookie took place for users in the Designated Countries.
Expiry: 6 Months
Type: HTTP
Used to store information about the time a sync with the AnalyticsSyncHistory cookie took place for users in the Designated Countries.
Expiry: 6 Months
Type: HTTP
Cookie used for Sign-in with Linkedin and/or to allow for the Linkedin follow feature.
Expiry: 6 Months
Type: HTTP
allow for the Linkedin follow feature.
Expiry: 1 Year
Type: HTTP
often used to identify you, including your name, interests, and previous activity.
Expiry: 2 Months
Type: HTTP
Tracks the time that the previous page took to load
Expiry: Session
Type: HTTP
Used to remember a user's language setting to ensure LinkedIn.com displays in the language selected by the user in their settings
Expiry: Session
Type: HTTP
Tracks percent of page viewed
Expiry: Session
Type: HTTP
Indicates the start of a session for Adobe Experience Cloud
Expiry: Session
Type: HTTP
Provides page name value (URL) for use by Adobe Analytics
Expiry: Session
Type: HTTP
Used to retain and fetch time since last visit in Adobe Analytics
Expiry: 6 Months
Type: HTTP
Remembers a user's display preference/theme setting
Expiry: 6 Months
Type: HTTP
Remembers which users have updated their display / theme preferences
Expiry: 6 Months
Type: HTTP
Used by Google Adsense, to store and track conversions.
Expiry: 3 Months
Type: HTTP
Save certain preferences, for example the number of search results per page or activation of the SafeSearch Filter. Adjusts the ads that appear in Google Search.
Expiry: 2 Years
Type: HTTP
Save certain preferences, for example the number of search results per page or activation of the SafeSearch Filter. Adjusts the ads that appear in Google Search.
Expiry: 2 Years
Type: HTTP
Save certain preferences, for example the number of search results per page or activation of the SafeSearch Filter. Adjusts the ads that appear in Google Search.
Expiry: 2 Years
Type: HTTP
Save certain preferences, for example the number of search results per page or activation of the SafeSearch Filter. Adjusts the ads that appear in Google Search.
Expiry: 2 Years
Type: HTTP
Save certain preferences, for example the number of search results per page or activation of the SafeSearch Filter. Adjusts the ads that appear in Google Search.
Expiry: 2 Years
Type: HTTP
Save certain preferences, for example the number of search results per page or activation of the SafeSearch Filter. Adjusts the ads that appear in Google Search.
Expiry: 2 Years
Type: HTTP
These cookies are used for the purpose of targeted advertising.
Expiry: 6 Hours
Type: HTTP
These cookies are used for the purpose of targeted advertising.
Expiry: 1 Month
Type: HTTP
These cookies are used to gather website statistics, and track conversion rates.
Expiry: 1 Month
Type: HTTP
Aggregate analysis of website visitors
Expiry: 6 Months
Type: HTTP
This cookie is set by Facebook to deliver advertisements when they are on Facebook or a digital platform powered by Facebook advertising after visiting this website.
Expiry: 4 Months
Type: HTTP
Contains a unique browser and user ID, used for targeted advertising.
Expiry: 2 Months
Type: HTTP
Used by LinkedIn to track the use of embedded services.
Expiry: 1 Year
Type: HTTP
Used by LinkedIn for tracking the use of embedded services.
Expiry: 1 Day
Type: HTTP
Used by LinkedIn to track the use of embedded services.
Expiry: 6 Months
Type: HTTP
Use these cookies to assign a unique ID when users visit a website.
Expiry: 6 Months
Type: HTTP
These cookies are set by LinkedIn for advertising purposes, including: tracking visitors so that more relevant ads can be presented, allowing users to use the 'Apply with LinkedIn' or the 'Sign-in with LinkedIn' functions, collecting information about how visitors use the site, etc.
Expiry: 6 Months
Type: HTTP
Used to make a probabilistic match of a user's identity outside the Designated Countries
Expiry: 90 Days
Type: HTTP
Used to collect information for analytics purposes.
Expiry: 1 year
Type: HTTP
Used to store session ID for a users session to ensure that clicks from adverts on the Bing search engine are verified for reporting purposes and for personalisation
Expiry: 1 Day
Type: HTTP
Cookie declaration last updated on 24/03/2023 by Analytics Vidhya.
Cookies are small text files that can be used by websites to make a user's experience more efficient. The law states that we can store cookies on your device if they are strictly necessary for the operation of this site. For all other types of cookies, we need your permission. This site uses different types of cookies. Some cookies are placed by third-party services that appear on our pages. Learn more about who we are, how you can contact us, and how we process personal data in our Privacy Policy.
Edit
Resend OTP
Resend OTP in 45s