Quality of Analytics

When you’ve done a lot of data mining, you’ll eventually want to start quantifying the quality of your analytics. This is especially the case with text mining. For example, if you began customizing the basic algorithm for extracting the entities from unstructured text, how would you know whether your algorithm was getting more or less performant with respect to the quality of the results? While you could manually inspect the results for a small corpus and tune the algorithm until you were satisfied with them, you’d still have a devil of a time determining whether your analytics would perform well on a much larger corpus or a different class of document altogether—hence, the need for a m....