The business arguments for MLOps

MLOps for Business

Arne Jonas Warnke

Head of Emerging Curriculum

MLOps unlocks new capabilities

Company CreaSport:

  • Owns supply chain from A-Z and processes raw materials into finalized products
  • Product examples: Rackets, balls, ..
  • Sell their products in 100+ stores across the country

Current Problems:

  • Out of stock products: recurring problems with empty shelves in stores
  • Selling certain products at a loss

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MLOps for Business

MLOps unlocks new capabilities

Solution:

  • Forecast demand planning (forecasting sales per product per store)
  • Create full visibility across the supply chain

Business value:

  • Reduce empty shelves and increases sales
  • Cost and price optimization

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MLOps for Business

Why do we need MLOps?

$$

  • Create efficiencies
  • Prerequisite to scale ML
  • Realize business value
  • Risk mitigation
  • Transparency

 

MLOps for Business

What will MLOps bring for businesses: examples

Here are some examples of the business impact of MLOps

Company Sector Impact
AgroScout Agriculture Decreased the time to production by 50%
Ecolab Chemicals Decreased model development time by factor 4-12
NetApp IT Reduced operating costs by 50%
Neural Guard Aviation Shortening time-to-market
The Adecco Group Professional Services 10% productivity gain
BASF Chemicals Automated credit scoring
1 https://research.aimultiple.com/mlops-case-study/
MLOps for Business

MLOps is challenging

MLOps is multifaced:

  • Business understanding
  • ML model building
  • Data pipelines
  • Integration into overall IT landscape
  • Architecture (tool stack)

 

MLOps for Business

How do we start?

MLOps requires investments in

  • Technology
  • Skills
  • Processes as well as culture

Coworkers in server room

MLOps for Business

Let's practice!

MLOps for Business

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