You can choose https://synthesis.ai which machine learning datasets could be more beneficial to collect by having a clear idea of what you want to forecast. Conduct data exploration when framing the problem and attempt to think in the classification, clustering, regression, and ranking categories that we covered in our whitepaper on the business application of machine learning. These tasks are distinguished in the following fashion, in plain English:
Classification
You either want to create a multiclass classification or you want an algorithm to respond to binary yes-or-no questions. Additionally, you need to mark the correct responses so that an algorithm may learn from them. Check out our guide for advice on how to handle data labeling in a business.
Clustering
The categorization rules and the number of classes should be determined by an algorithm. You don’t truly know the groups and the rules governing their division, which is the fundamental distinction between this task and classification problems. This frequently occurs, for instance, when you must separate your consumer base and apply a unique strategy to each segment in light of its characteristics.
Regression
If you want an algorithm to produce a number, then regression methods can help in predicting this value, for instance, if you spend too much time determining the proper price for your product because it depends on a variety of factors.
Ranking
Objects can simply be ranked by a number of attributes in some machine learning methods. Based on past search and purchase behavior, the rating is actively utilized to suggest movies in video streaming services or display the things that a customer is likely to buy.
It’s conceivable that this straightforward segmentation can resolve your business issue, and you can begin modifying a dataset in accordance. Avoiding very complex issues at this point is the general guideline.
