Big-data analysis consists of searching for buried patterns that have some kind of predictive power.
But choosing which “features” of the data to analyze usually requires some human intuition.
In a database containing, say, the beginning and end dates of various sales promotions and weekly profits, the crucial data may not be the dates themselves but the spans between them, or not the total profits but the averages across those spans.
MIT researchers aim to take the human element out of big-data analysis, with a new system that not only searches for patterns but designs the feature set, too.
To test the first prototype of their system, they enrolled it in three data science competitions, in which it competed against human teams to find predictive patterns in unfamiliar data sets.
Of the 906 teams participating in the three competitions, the researchers’ “Data Science Machine” finished ahead of 615.
In two of the three competitions, the predictions made by the Data Science Machine were 94 percent and 96 percent as accurate as the winning submissions.
In the third, the figure was a more modest 87 percent. But where the teams of humans typically labored over their prediction algorithms for months, the Data Science Machine took somewhere between two and 12 hours to produce each of its entries.
“We view the Data Science Machine as a natural complement to human intelligence,” says James Max Kanter, whose MIT master’s thesis in computer science is the basis of the Data Science Machine.
Read more at Automating Big-Data Analysis and Replacing Human Intuition with Algorithms
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