Skip to content

BigML Release Webinar Video is Here: Operating Thresholds and Organizations!

by on February 1, 2018

We are happy to share the new capabilities that improve the BigML platform: operating thresholds and organizations.

Operating thresholds, available from the BigML Dashboard, API, and WhizzML, allow Machine Learning practitioners to fine tune the performance of any classification model. By setting the right operating threshold, you can be more or less aggressive when predicting a class for a given instance of your dataset. This process is especially relevant in domains such as fraud detection, loan risk prediction, and medical diagnosis, where the consequences of some classifications may have prohibitive costs associated.

With the increased regulatory focus on avoiding negative consumer outcomes due to digital transformation and decision automation initiatives, it becomes even more critical to understand the tradeoffs between different operating modes of predictive models, and the smart applications in which they operate. Ignorance or following a black box approach are not viable options when a single bad decision can cost millions of dollars. Operating thresholds help companies avoid such scenarios by controlling the tradeoff between false positives and false negatives to minimize risks and costs.

Organizations, the second feature released, presents a convenient collaborative space that makes it easy and more efficient for companies to adopt Machine Learning across their entire enterprise. Organizations help professionals from several departments to work on the same Machine Learning projects, from different accounts at different permission levels.

If you missed the live webinar or you want to watch it again, please visit the BigML YouTube channel.

For further learning on operating thresholds and organizations, please visit our dedicated release page, where you will find:

  • The series of six blog posts that gradually explain operating thresholds.
  • An extra blog post about how organizations can improve the productivity of several teams in your company.
  • The detailed documentation to learn how to use operating thresholds from the BigML Dashboard, the API, and WhizzML.
  • The slides used during the webinar.

As usual, remember that you can always reach out to us at support@bigml.com for any feedback or questions. Thanks again for all your positive comments on the webinar!

Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: