Unlocking the Value of Machine Learning: The Return on Investment of Explainability
Introduction As machine learning (ML) becomes increasingly prevalent in businesses, the importance of understanding its decision-making processes cannot be overstated. The lack of transparency in ML models has led to a growing demand for explainability, with 76% of organizations considering ML explainability crucial for their business (Source: Gartner). However, many are still unaware of the tangible benefits that ML explainability can bring to their bottom line. In this article, we will explore the return on investment (ROI) of ML explainability and why it’s essential for businesses to prioritize this aspect of their ML strategy. ...