Have you looked at the monograph at all? This could have been written 5 to 10 years ago, 15 years ago, maybe a few sections would have looked a little different. In fact, I like to recommend Mitchell's Machine Learning book (I think it was written in the 90s) as an introduction to people with a serious interest.
There currently is a lot of hype going on for machine learning algorithms, because we see good progress in things like computer vision / pattern recognition. This kicks of a marketing machinery that really blurs the reality.
In reality, we have an established body of methods and modelling techniques that are sufficient, because the available data is the bottleneck for prediction quality. The actual challenge is to come up with a valuable business proposition, not necessarily to build the predictive model.
In general (you'll probably find specific counterexamples for this, but as I said _in general_) the relative performance of deep learning models to classical machine learning may drop below that of classical models when you start looking at medium-sized data sets. And I can assure you, there are many data sets, with many applications for machine learning. And while the world talks about deep learning, I know of many companies, where random forests, suport vector machines or bayesian models have been running for years (which means, cross-validated by data unavailable during model development) with a prediction performance that a business can depend on.
I agree with you that Reinforcement learning will as a technology become much more important in the next years. However, only if exploration is cheap enough. I expect Deep Reinforcement learning not to be the answer, at least not in its current state, but I can very well imagine that we will see more machine-learning-algorithm in the reinforcement-learning-loop experiments. I personally would hope to see more research in the bayesian reinforcement learning area.
What I observed is that many ML companies now run two pipelines in parallel, one based on Deep Learning and the other on classical ML, then cherry pick solutions that work best for the problem/scale they have.
Sounds a bit like Baron Münchhausen pulling himself and the horse on which he was sitting out of a mire by his own hair.
I'd assume that instead of pulling such stunts, a reasonable generative model might have done the trick.
> What I observed is that many ML companies now run two pipelines in parallel, one based on Deep Learning and the other on classical ML, then cherry pick solutions that work best for the problem/scale they have.
Putting it this way, I agree. And my personal addendum here is: classical ML outperforms DL more often than the hype might make people think.
It sounds crazy, but you've likely seen what NVidia did with high-resolution synthetic faces using their progressive GANs; I'd totally use them as training examples without any hesitation.
The counterpoint is that a _lot_ could have been written 5 to 10 years ago, and only 10% of it would still be relevant. This is the relevant 10%.
[Bishop 2006] http://www.springer.com/de/book/9780387310732
That said, there was a lot of AI work with hand-crafted features and expert systems that has no basically been rendered obsolete by deep learning. But advances generally don't emerge out of a vacuum, and it helps to have some background knowledge of previous work to have a good idea of what has and hasn't worked in the past.
While performance might be important, at least the features were easy to understand by non experts. :)
Expert systems were also incredibly hard to build and debug, and weren't nearly as useful as ML systems are nowadays.
At University I used to wait a while for others to complete their projects and then pick their brains about how they went about solving them.
Now in industry I don’t bother learning new tech until I start seeing those skills show up on job sites or if I have a very particular need that requires a particular technology as part of the solution.
This strategy has treated me well but I believe has only done so because not everyone takes this approach. I’m also grateful for the time and effort others put in to allow me to essentially freeload off of their hard work. Every now and then I do find something I can be truly passionate about to help others do the same.
I then however realised that it would be a shame to let my advantage go to waste. So I use this:
> a lot of the monetary rewards
to partially motivate myself.
There is no book you just read and then you understand and now it's behind you. You are constantly making new connections and deepening your understanding when you learn more. Ten years is small time for things to start to sink in and make a connected whole in the mind.
Perhaps it can be argued that one is not in the position to take advantage of such situations. Switching jobs is not necessarily cheap
The same could be said about skipping the earlier period of javascript frameworks. Had you used your time to learn things that are still useful today, and will remain useful decades in the future, while waiting for the industry to jump here and there, eventually converging to what seems to be a fairly robust steady state (react), then you'd probably be better off today than if you followed along with the hype cycle month after month.
A counter argument is that you might miss out on a lot of the monetary rewards that comes from learning the much desired skill that others don't have the time or will power to tackle in the period where doing so involves a lot of friction.