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    Business Science Problem Framework CRISP DM CheatSheet.02

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    Rigoberto José Martínez Cedeño
    This document outlines the Business Science Problem Framework, which is a 6-step process for understanding business problems and opportunities using machine learning and data science. The 6 steps are: 1) Understand the business and drivers of problems and opportunities, 2) Measure key performance indicators and highlight potential problem areas, 3) Encode algorithms to predict, explain, and improve decisions, 4) Measure results and tie them to financial impacts, 5) Evaluate model performance over time, and 6) Deploy recommendations and visualize outcomes.

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    Business Science Problem Framework CRISP DM CheatSheet.02

    Uploaded by

    Rigoberto José Martínez Cedeño
    457 views1 page
    This document outlines the Business Science Problem Framework, which is a 6-step process for understanding business problems and opportunities using machine learning and data science. The 6 steps are: 1) Understand the business and drivers of problems and opportunities, 2) Measure key performance indicators and highlight potential problem areas, 3) Encode algorithms to predict, explain, and improve decisions, 4) Measure results and tie them to financial impacts, 5) Evaluate model performance over time, and 6) Deploy recommendations and visualize outcomes.

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    Business Science Problem Framework

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    This document outlines the Business Science Problem Framework, which is a 6-step process for understanding business problems and opportunities using machine learning and data science. The 6 steps are: 1) Understand the business and drivers of problems and opportunities, 2) Measure key performance indicators and highlight potential problem areas, 3) Encode algorithms to predict, explain, and improve decisions, 4) Measure results and tie them to financial impacts, 5) Evaluate model performance over time, and 6) Deploy recommendations and visualize outcomes.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    457 views1 page

    Business Science Problem Framework CRISP DM CheatSheet.02

    Uploaded by

    Rigoberto José Martínez Cedeño
    This document outlines the Business Science Problem Framework, which is a 6-step process for understanding business problems and opportunities using machine learning and data science. The 6 steps are: 1) Understand the business and drivers of problems and opportunities, 2) Measure key performance indicators and highlight potential problem areas, 3) Encode algorithms to predict, explain, and improve decisions, 4) Measure results and tie them to financial impacts, 5) Evaluate model performance over time, and 6) Deploy recommendations and visualize outcomes.

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    © All Rights Reserved
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    of 1

    Business Science 

    Problem Framework 
    View  Uncover  Report 
    Understand  Measure  Encode  Measure
    Business  Problems & Financial 
    the Drivers the Drivers Algorithms Results
    as a Machine Opportunities Impact

    Step 1: Step 1: Step 1: Step 1: Step 1: Step 1:  Step 1:


    Isolate business unit Investigate if objectives Collect Data Evaluate performance vs Develop algorithms to Capture outcomes after Measure actual results.
    are being met KPIs predict and explain decision making system
    Step 2:  Step 2:  problem is implemented Step 2:
    Define objectives.  Step 2:  Develop KPIs Step 2: Tie to financial benefits
    Define machine in terms Synthesize outcomes Highlight potential Step 2:  Step 2:
    of people and processes problem areas Tie financial value of Synthesize results in Step 3:
    Step 3: individual decisions to terms of good and bad Report financial benefit of
    Step 3: Hypothesize drivers Step 3: optimize for profit outcomes identifying algorithms to key
    Collect outcomes in Review process and what was done and what stakeholders
    terms of feedback. consider what could be Step 3: happened
    Feedback identifies missed or needed to Use recommendation
    problems.  answer questions algorithms to improve Step 3:
    decisions Visualize outcomes over
    time to determine
    progress

    CRISP Phase 1: Business Understanding

    CRISP Phase 2: Data Understanding

    CRISP Phase 3: Data Preparation

    CRISP Phase 4: Modeling

    CRISP Phase 5: Evaluation

    CRISP-DM                                                   CRISP Phase 6: Deployment

    Learn more at www.business-science.io

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