What is an Artificial Neural Network?
Artificial neural networks are a type of machine learning algorithm, inspired by the way our brains work. The first ANN…
The Data Due Diligence Scorecard helps you to understand the quality of your data.
Make sure to fill the scorecard entirely to gain a complete overview on your data. This scorecard is a tool for practitioners that have already experience with AI and Machine Learning. Give us a shout if you struggle to ask some of the questions in the form. We are happy to share our views in a 10m call.
Think about the data you have in your systems (E.g. CRM, log server, google sheet, etc.) and try to get a sample for each data source.
Go through each step and try to answer all the questions. Remember that this is an advanced scorecard, so don’t worry if you don’t have all the answers or you are struggling with a question for the moment.
Count the number of topics for which you have less or equal to 2 answers. The quality of your data is indicated in the table below.
Score | Data Quality | Recommendation |
---|---|---|
7 → 8 | ???? - poor | create ASAP data collection processes |
4 → 6 | ???? - fair | review your data processes |
3 → 4 | ???? - good | start experimenting right now |
1 → 3 | ???? - great | you are already done with data due diligence |
0 → 1 | ???? - excellent | ready to scale up your models ???? |
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