Deloitte latest Tech Trends 2021 report mentions that only 8 percent of organisations achieve the anticipated return on investment from Machine Learning programs. At the same time, the MLOps market is expected to expand to nearly US$4 billion by 2025. In the UK alone, 71% of adopters expect to increase their investment in the next fiscal year, by an average of 26%.
Deloitte’s Tech Trends 2021 found MLOps to be the key emerging approach to scale Artificial Intelligence (‘AI’) applications, unifying data engineering, machine learning (ML) and DevOps (software development and IT operations). Better modelling practices such as MLOps goes hand in hand with building trustworthy and ethical AI. For more information on this, please read our Trustworthy AI framework.
Read on to find out more about MLOps and the benefits of scaling AI.
Moving from improvised learning to continuous learning
To adopt MLOps an organisation needs to align its data science capability with business as usual processes to enable ML systems to track shifts in business priorities and continue to deliver value. This means moving from improvised learning to semi-autonomous learning, and finally towards continuous learning. Each of these are detailed in Figure 1 below.
Figure 1. Moving from improvised learning to continuous learning
The Deloitte AI Institute UK has identified ten AI application dimensions that reflect the maturity of your system and are important to consider when moving from improvised learning to continuous learning. Hover over the image below to learn more:
Figure 2. MLOps 2.0 dimensions
The Deloitte AI Institute UK has identified ten AI application dimensions that reflect the maturity of your system and are important to consider when moving from improvised learning to continuous learning.
Your MLOps potential based on AI applications and what you want out of your AI
The critical value generating areas to prioritise are determined by the business context and domain constraints which determine whatshould be prioritised in the ML system lifecycle. The four areas determine how close to continuous learning an organisation ought to progress across the 10 AI application dimensions discussed earlier in this article. The higher the demand in each of these four areas, the more value could be gained from continuous learning. Click on the boxes below to learn more.
Figure 3. MLOps value generating areas
MLOps enhances collaboration across the wide range of professionals, such as data scientists, engineers and IT professionals. who collectively develop, test and deploy ML applications. By streamlining and automating the AI lifecycle, an organisation will find itself realising value across:
MLOps has been found to help organisations across all aspects of productionalising models from automation of data preparation, model training and evaluation through to tracking model versions, monitor model performance and making models reusable. This should create specific business benefits, identified in our MLOps framework:
For further detail on how to start your journey to MLOps, read Deloitte AI Institute’s report “ML-Oops to MLOps”.
MLOps will become increasingly important to AI practices as it seeks to help tackle ever larger challenges. Deloitte has developed multiple assets to accelerate your MLOps journey and shorten the time to realise the benefits of enterprise AI on the Cloud.
To learn more about how Deloitte can support your MLOps journey, please get in touch.