In many ways underestimate the impact of domain knowledge. Can we have one forecasting algorithm for
- Retail Product Sales
- Oil Sales
- Stocks Predictions
- Car Sales
If everything can be built just by one algorithm we would need to close all ML shops in a month. We underestimate domain knowledge and believe fancy tech and tools will have the ability to read and give all the fine-tuning.
Keep Going, Sometimes tech does not understand business, and products are built to fail.
Knowledge is
- Mapping business to tech to support futuristics ways of new business changes
- Making it flexible to scale, port, migrate
- Think Business first, Scale next, Tech at last
- Domain understanding - Technology evolves faster than we think. New forms of business evolve
- Data understanding - Know the type of data - speed / slow data
- Research paper - Insights / Blogs - Look for Leaders in the space and their tech stack, Look for research papers and insights
- Model development / Model implementation
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