We built a machine learning model to predict which shipping vessels are likely to be held in detention. The model made it into the shortlist of the Singapore Ocean of Opportunities AI Track, an internationally renowned event where competing companies aim to build AI solutions for the shipping industry.
How we explain how a neural network can recognise an image? Sometimes as data scientists we will encounter cases where we need to build a machine learning model that should not be a black box, but which should make transparent decisions that humans and businesses can understand.
One challenge that large organisations face today is the problem of understanding and predicting which employees are going to leave the business, called employee turnover prediction or workforce attrition prediction.
Earlier I wrote another post about predicting the spend of a single known customer. There is a related problem which is predicting the total spend of all your customers, or a sizeable segment of them.
Why do we need to predict customer spend? You may have read my previous post about customer churn prediction. Another similar problem that’s just as important as predicting lost customers, is predicting customers' daily expenditure.
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