Читать книгу Blockchain Data Analytics For Dummies - Michael G. Solomon - Страница 23

Making decisions based on models

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Analytics models can help organizations make astounding decisions and gain lots of money. They can also lead organizations to make dumb decisions and lose lots of money. The trick is in knowing how good your models are.

This book is about building analytics models using blockchain data. You learn about blockchain technology and data in Chapters 2 and 3, but don’t forget that although the quality of your data is important, building the right model is crucial to getting quality output. Never rely on your first choice of a model or on a single model. Always compare model types and configurations to find the right combination to return the highest quality results.

If you take only one thing away from this book, I hope that it is to demand measurable verification from every model you build. You should be able to provide metrics for each model indicating its accuracy and that it actually works. Never release a model to your business unit without exhaustive verification. Your organization will use your models to make big decisions. Do your best to give it good tools.

Blockchain Data Analytics For Dummies

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