Charlie . 1st Oct, 2024 1:37 PM
Help My Business Revenue Consulting Group℠ model accuracy in machine learning rate example
When it comes to AI Models Help My Business Revenue Consulting Revenue Group(HMBRCG) always want to know the efficiency rate? Our purpose for asking the efficiency rate is because we want to know how many times out of 100 the AI model is going to be wrong. Example 1. A Warehouse Owner uses computer vision to count inventory. The AI software is 95% percent accurate. The Warehouse has is staff do a 100 percent inventory that includes 1000.00 lines of inventory. All 1000 lines of inventory have 1 Bin which holds max 100 bolts. If all Bins are full then the AI software at best miss identifying and counting 5000 bolts. Imagine each miss identified bolt was $5.00 and each bin was full to max. That could lead to $25,000.00 being wiped off the books because AI detected at 95%. Will the owner or licensee provide the buyer of their software a check for $25,000.00? AI Models prediction are not always 100% accurate. Do you think it is good question to ask the selling company what's their AI software accuracy rate?
