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Business Metrics

Reference What Leaders Should Know About Measuring AI Project Value


A later version of this hub will have more details, and an example. In brief, business performance metrics may focus on, e.g.,

  • Financial savings, return on investment, due time saving, error reduction, etc.
  • The cost of mistakes over time, e.g., misdiagnosis over time.

Considering the retinal images classification example. The client may use the relationship between diabetic retinopathy severity, and the life-time cost of sight loss prevention/sight loss delay, to define a set of business metrics for model evaluation.