Archives July 8, 2019

It's Not Just Hype - Why Machine Learning Holds So Much Promise

Last update on July 8, 2019.

Image Credit: Grigorita Ko / Shutterstock.com

 

In the book “MoneyBall”, author Michael Lewis documented the story of the Oakland A’s baseball team. Despite their shoestring budget, the A’s consistently contended with teams with far bigger budgets, such as the New York Yankees. The secret of the team’s success boiled down to one thing - the use of statistics. Instead of relying on the subjective judgements of scouts, the A’s made rational decisions on player acquisitions using data.

Unfortunately, the story doesn’t have a good epilogue. Not long after the book’s publication in 2004, the team’s standing began ...

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