Machine Learning Is A Moneyball Moment For Companies [Forbes]
Meta Platforms, Inc. - Class A (FB)
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Source: Forbes
Runner Slides Into Home Base (Photo by Lambert/Getty Images) By now, you have heard of Moneyball. Maybe you have even read the book by Michael Lewis ( The Art of Winning and Unfair Game ), seen the movie that starred Brad Pitt, or even done the business case, all of which detail the unorthodox, data-driven management approach of Major League Baseball’s Oakland A’s. Led by General Manager Billy Beane, the Oakland A’s pioneered the use of big data in baseball, identifying overlooked but important factors to evaluate players. A similar opportunity is available today for business leaders. Despite a great deal of lip service and a small amount of capital invested, most corporations are still not data-driven, nor do they use machine learning (ML) and artificial intelligence (AI) to guide their strategic investments in business models. Put succinctly, The Oakland A’s baseball club was able to pick up undervalued players in order to
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