Introduction to Automated Machine Learning Automated Machine Learning represents a fundamental shift in the way companie...
Automated Machine Learning represents a fundamental shift in the way companies and organizations approach Machine Learning and data science.
Applying traditional machine learning methods to real-world business problems is time-consuming. It requires a lot of resources, and a bunch of experts in several disciplines including data scientists with excellent computer science skills. Moreover, building a machine learning system is always a challenge: you need to design experiments, run them, and analyze the results, until, after repetitive failures, you start improving. You can also get underwhelming results. That’s why it is very important to take careful considerations before embarking on a broad and long-running project.
But Automated Machine Learning can be the turning point to overcome most of these annoying issues. It directly responds to the high demand for accelerating the time required to obtain off-the-shelf machine learning models that can be used easily and without expert knowledge.
Automated Machine Learning (AutoML) is the process of automating repetitive and time-consuming tasks associated with developing Machine Learning models. It enables data scientists, analysts, and developers to create machine learning models with high scalability, efficiency and productivity. All the while ensuring high-quality models. The high degree of automation in AutoML allows even non-experts to make use of machine learning models without requiring them to become specialists in the sector. The automation of tedious ML-related tasks then lets ML teams focus on high level problems that require their expertise. In this way, organizations can rely on a decentralized process, open to all users, and nurtured by up-to-date knowledge.
So, what is the difference between automated and traditional machine learning?
In a typical machine learning deployment, you need to take the following steps (as described in the Figure 1):
Developing a model with the traditional approach implies covering all the steps. In fact, only the step of model training is an automatic task. Thanks to Automated Machine Learning it is possible to automate many more steps, those outlined in red in Figure 1.
Courtesy of DataRobot:
Automated machine learning democratizes the machine learning model development process, allowing non-experts to develop a ML pipeline. But what are the ML models that can be automated?
Classification is one of them. It is a type of supervised learning in which models learn from a training data set how to estimate the classification of new data into categories. The common use cases of classification models are those of object detection or also fraud detection, to name a few.
Similar to classification, also regression models can be automated. They are supervised learning activities in which models estimate numerical output values based on independent predictors, or variables. For example, the cost of a T-shirt is based on characteristics such as the periodic sales amount, the color etc.
Making accurate predictions is important for many business activities, from revenue to sales predictions. The great news is that developing a prediction model can be automated. A time series model is considered a multivariate regression model. The values from the previous time series are “pivoted” to become additional dimensions for the regression along with other predictors. The more data is available for estimating the model parameters, the more accurate the prediction model will be.
Recently, the attention on Federated Learning has increased exponentially, as many companies have noticed its great potential. Not only does it give access also to non-experts to ML pipeline management tasks, but it permits big organizations to save time and resources, providing effective solutions to problems.