Deep learning job postings have collapsed in the past six months

Re:Deep learning job postings have collapsed in the past six... by poorman on Monday August 31, 2020 @02:01PM (#24334141)

I think if a business is set up to scale by volume they can see gains from it. For example, say a business is already doing well at 100k conversions a day. They manage to apply "big data/ML" to optimize those conversions and gain a 3% lift, they are now making over a 1,095,000 extra conversions a year they would not have otherwise made.

[ Parent | on HN ]

Re:Deep learning job postings have collapsed in the past six... by chrisandchris on Monday August 31, 2020 @03:03PM (#24334828)

So they need to make $1 profit for each of those conversions just to make it worth if they hire 1 ML scientist for 95k/year. Or $10 if they hire 10 for 950k/year in total. And so on...

And there‘s the point where - IMHO - 3% gain may not be profitable enough.

[ Parent | on HN ]

Re:Deep learning job postings have collapsed in the past six... by tomrod on Monday August 31, 2020 @03:35PM (#24335161)

Extra conversions/year, so 1 DS at 95k means 1mm net profit

[ Parent | on HN ]