Real-time feature engineering is valuable for a variety of use cases, from service personalization to trade optimization to operational efficiency. It can also be helpful for risk mitigation through fraud prediction, by enabling data scientists and ML engineers to harness real-time data, perform complex calculations in real time and make fast decisions based on fresh data, for example to predict credit card fraud before it occurs.
With the explosion of the machine learning tooling space, the barrier to entry has never been lower for companies looking to invest in AI initiatives. But enterprise AI in production is still immature. How are companies getting to production and scaling up with machine learning in 2021? Implementing data science at scale used to be an endeavor reserved for the tech giants with their armies of developers and deep pockets.